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Naira Gains Marginally Against Dollar, Exchanges At 441.25

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Naira Gains Marginally Against Dollar, Exchanges At 441.25

The Naira on Monday exchanged N441.25 against the dollar at the Investors and Exporters window, making a slight appreciation. The figure represented a slight increase...

FG To Deduct N3.6tn From Federation Account Over Electricity Subsidy

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FG To Deduct N3.6tn From Federation Account Over Electricity Subsidy

The Federal Government has proposed a N3.6tn deduction from the Federation Account to fund electricity subsidies in 2026, 2027, and 2028, a move designed...

Fitch Ratings Cautions FG Against Liquidity Risks In $5bn Swap

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Fitch Ratings Cautions FG Against Liquidity Risks In $5bn Swap

Nigeria’s proposed $5bn total return swap financing arrangement could expose the country to additional debt-management and liquidity risks despite its potential benefits, global rating...

Transport Costs Surge In Nigeria As Airfares And Okada Rides Drive Up February Spending

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Naira Rises To N1,394/$ In Parallel Market

Nigerians paid more for transportation in February 2026 as rising airfares and motorcycle (Okada) fares pushed overall commuting costs higher, according to the National...

Lagos Releases 20,000 Bags Of Eko Rice, Tags 50kg At N43k, 25kg For N22k

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Lagos Releases 20,000 Bags Of Eko Rice, Tags 50kg At N43k, 25kg For N22k

Lagos State Government has concluded plans to release additional 20,000 bags of Eko Rice for distribution to various designated markets for the period of...

Oil Production: We Can’t Meet OPEC Quota, It’s Responsible For Why We’re Broke — Buhari

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Imo State Govt, PDP Clash Over The President’s Visit

President Muhammadu Buhari has said that with the high price of oil in the world markets, producing at about half our OPEC quota has...

Dollar To Naira Exchange Rate Today, February 17, 2026

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Dollar To Naira Exchange Rate Today, February 17, 2026

The Nigerian Naira maintained a stable yet cautious position against the United States Dollar during the Tuesday morning trading session on February 17, 2026. Following...

Nigerian Food Market Hits $233.53bn At 10.76% Annual Growth Rate

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Nigerian Food Market Hits $233.53bn At 10.76% Annual Growth Rate

•As 2026 agrofood confab attracts 137 exhibitors from 17 countries The Nigerian food market has been estimated to be around $233.53 billion in 2025, with...

N200/SCM Vs N1,000/Litre Petrol: Tinubu Introduces CNG As Cheaper Alternative To Petrol

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Declare State Of Emergency On Southern Routes, CSG Urges Tinubu

President Bola Tinubu says Nigerian motorists now have the option of buying fuel at N1,000 per litre or gas equivalent at N200 per Standard...

Panic Grips Crypto Traders As SEC Bans Binance Operation In Nigeria; Declare It An Illegal Entity

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The Securities and Exchange Commission (SEC) of Nigeria has declared the activities of Binance in Nigeria illegal. According to a statement published on its website,...

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