Category: Business and Economy

Nigeria’s headline inflation rate eased by 1.6 percentage points to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October 2025, marking the lowest level in five years. According to the NBS, “In November 2025, the headline inflation rate eased to 14.45 per cent relative to the October 2025 headline inflation...

NGN → USD Rates NFEM (official) Rate Official Market: Parallel Market: Market Drivers: Central Bank of Nigeria (CBN) liquidity management; High benchmark Monetary Policy Rate (MPR) at 27.00%; Early stages of anticipated year-end corporate and personal FX demand. OUTLOOK: Currency analysts attribute the relative stability in the official window to a combination of increased liquidity injections...

NGN → USD Rates NFEM (official) Rate Official Market: Buying: ₦1,448.68/ USD Parallel Market: Buying: ₦1,475 / USD Selling: ₦1,495 / USD Market Drivers: Analysts said improved liquidity control helped narrow the long-standing gap between official and street rates. OUTLOOK: The Monetary Policy Rate remains high at 27 per cent, aimed at curbing inflation and attracting foreign...

Dangote Refinery was never going to start operation except fuel subsidy was removed but propagandists said that Tinubu will not let it thrive because he has an imaginary refinery in Malta. There were a lot of teething problems at the start because it was the first time the country would be having a major private...

Alhaji Aliko Dangote on Thursday at Eko Hotel In Lagos State launched the N100 Billion Annual Education Scholarship Programme of his Foundation., targeting undergraduates in STEM, vocational training, and secondary school girls across Nigeria. The programme is designed to reach 155,000 students each year, with an estimated annual investment of N100 billion and more than...

NGN → USD Rates NFEM (official) Rate Official Market: Buying: ₦1,451.86/ USD Parallel Market: Buying: ₦1,475 / USD Selling: ₦1,490 / USD Market Drivers: Balanced seasonal year-end demand pressures; Anticipation of a US Federal Reserve interest rate decision; Gradual market adjustment awaiting further CBN policy signals. OUTLOOK: Nigeria’s external reserves, now around $45.3 billion, continue to support...

The Economic Community of West African States (ECOWAS) has announced Africa’s business magnate, Aliko Dangote, as the pioneer Chairperson of its newly established ECOWAS Business Council, a strategic platform aimed at mobilizing private sector investment and boosting economic integration across the region. Dr Omar Touray, ECOWAS President, announced this during the 95th Ordinary Session of...

Dr. Okonjo-Iweala: “Welcoming my younger sister Deputy Secretary-General of the UN Amina Mohammed to the WTO on her visit to Geneva. Up Naija!”

NGN → USD Rates Official Market: Buying: ₦1,450.92 / USD Selling: ₦1451.86 / USD Parallel Market: Buying: ₦1,490 / USD Selling: ₦1,475 / USD Market Drivers: Increased FX liquidity; Dovish US Federal Reserve policy softening the Dollar; Sustained CBN reforms and foreign reserve accumulation. OUTLOOK: Analysts say the Naira’s performance reflects stronger inflows and a softer...