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Business News; Tracks, records, analyzes, and interprets the business, economic and financial activities, and changes that take place in societies.

FG Spends N30.6tn, Saves N15.8tn 30-months Following Subsidy Removal

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FG spends N30.6 tn, Saves N15.8tn 30-months Following Subsidy Removal

The Federal Government has spent N30.64 trillion in government expenditures to mitigate the impact of President Bola Tinubu's policies, which have resulted in N15.8...

Dollar To Naira Exchange Rate Today, August 21, 2026

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Dollar To Naira Exchange Rate Today, August 21, 2026

The Nigerian naira is trading around ₦1,349.06 to the US dollar on Friday, August 21, 2026, according to the latest available live USD/NGN indication. At the...

Naira Down To N1,405/$ In Parallel Market

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Naira Rises, Now N1,370/$ In Parallel Market

The  Naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,400 per dollar on Wednesday. But the naira appreciated to N1,347.5 per...

Steel Imports Bleed Nigeria’s Economy

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Steel Imports Bleed Nigeria’s Economy

***As import bill exceeds N1trn ***Minister puts figure at N5.6trn ***Devt represents failed promises Nigeria spent over N1 trillion on steel importation in 2025, according to available...

NUASA Engages Finance Minister on New Tax Policy, Others

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The national leadership of the Nigerian Universities Accounting Students Association (NUASA), led by its National President, Comrade Temple Daniel Oghenerioborue, has engaged the Minister...

Nigerians See No Signs Of Economic Growth —Labour

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Four-Year Courses Must End In Four Years, Alausa Tells Varsities As FG Unveils New Agreement

The Association of Senior Civil Servants of Nigeria, ASCSN, yesterday said Nigerians have seen no sign of economic growth according to the gross domestic...

Naira Rises, Now N1,405/$ In Parallel Market

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Naira Rises, Now N1,370/$ In Parallel Market

The Naira yesterday appreciated to N1,405 per dollar from N1,410 in the parallel market on Wednesday. Likewise, the naira appreciated to N1,322.5 per dollar...

Dollar To Naira Exchange Rate Today, September 7, 2026

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Dollar To Naira Exchange Rate Today, September 7, 2026

The dollar-to-naira exchange rate opened the new week with the naira trading at about ₦1,321.68 per US dollar at the official rate, while the...

26 States’ Wage Bills Surpasses IGR, Forcing Reliance On FAAC

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FG, States, LGs Shares N2.34tn As Revenue Falls

At least 26 state governments could not generate enough internal revenue to cover their personnel costs in 2025, as they continue to depend on...

DMO Offers Two Savings Bonds For September Subscription

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DMO Offers Two Savings Bonds For September Subscription

The Federal Government through the Debt Management Office, DMO, has offered two savings bonds for September subscription. DMO made this announcement yesterday noting that the...

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