Live intelligence from 10+ verified Nigerian and UK sources
Dr. Gbenga Olawepo-Hashim has promised to restore the naira's value to between ₦500 and ₦525 per dollar if he is elected president in 2027. He criticized the current administration for the naira's depreciation.
Trump is expected to receive a briefing on Thursday on new plans for potential military action in Iran from Admiral Brad Cooper, the head of US Central Command. The post Trump Warns Iran Blockade Could Last Months, Sending Oil Prices Soaring appeared first on Channels Television...
The competition is a nationwide initiative aimed at identifying, recognising and rewarding outstanding secondary school teachers for their invaluable contributions to shaping the nation's future. The post Entries open for the 2026 Maltina Teacher of the Year Competition appeared ...
Foreign investment in Nigeria's telecommunications sector has dropped by 91% in Q1 2026, despite ongoing reforms. This significant decline raises concerns about the effectiveness of the regulatory changes aimed at attracting investors.
NerdzFactory and Research Links have certified 201 skilled tradespeople in Lagos, enhancing the informal skills economy. This initiative aims to provide formal recognition and mentorship in various trades.
Nigeria's demand for foreign exchange has decreased as local refining reduces fuel imports, positively impacting the naira. This shift has led to a notable 25.03% drop in FX utilization over the past month.
Novus Microfinance Bank has disbursed over N6.35 billion in loans to enhance financial inclusion in Benue State. This initiative has benefited more than 11,000 individuals, promoting economic growth in the region.
The Federal Government has partnered with EGO Foundation and Access Corporation to train over 120 artisans in high-demand vocational skills. This initiative aims to provide them with essential tools and starter kits to enhance their business growth.
Police recovered three firearms, including an AK-47 rifle, a Beretta and locally-fabricated double-barrelled pistols, two magazines loaded with 30 rounds of 7.62mm calibre ammunition, one live cartridge and phones during one of the operations. The post Police foil kidnapping atte...
Nigeria and 59 other countries are facing a potential 12.5% tariff increase from the US due to concerns over forced labor goods. This could raise the total duties to 27.5%, impacting trade relations significantly.
The company said in a regulatory filing Wednesday that it would offer exactly 555,555,555 shares -- Musk has often shown a penchant for idiosyncratic numbers in his businesses -- at $135 each. The post SpaceX Seeks Record $75bn In Stock Market Debut appeared first on Channels Te...
The Economic and Financial Crimes Commission (EFCC) has arraigned Musa Farouk Abubakar, an Abuja-based oil magnate, alongside his company, Abu-Haneefa read more EFCC arraigns oil magnate, firm, over alleged N691.7m fraud in Abuja
A stronger dollar, persistent inflationary pressures, and elevated energy costs weighed heavily on African economies in May, as escalating tensions read more Fewer African currencies gain in May as Iran war fuels volatility
This is the full details of the statement by receiver/manager regarding updates on Nestoil Limited - in Receivership. The post Nestoil Limited – In Receivership: Receiver/ Manager’s Rejoinder to article in The Guardian appeared first on Premium Times Nigeria.
Nigeria has been ranked among the ten least favorable countries for workers' rights in the 2026 Global Rights Index. This ranking highlights ongoing challenges in labor rights and protections within the country.
Nigeria's Treasury bill yields have increased due to strong investor demand for one-year securities. This trend indicates a positive outlook for the country's financial market.
Nigeria is looking to take advantage of falling Eurobond yields and stronger investor sentiment to refinance high-cost debt and raise read more Falling Eurobond yields open window for Nigeria to rework costly debt
Paras Energy Funding SPV Plc has successfully issued a ₦15 billion bond, with Rand Merchant Bank Nigeria leading the effort. This significant financial move is expected to enhance funding for energy projects in Nigeria.
Nigeria's liquidity pool has increased to N5.22 trillion, indicating a robust financial system. This growth comes amid expectations of new investments entering the market.
South Africa's unclear regulatory environment is undermining foreign investment confidence. Despite having credible institutions, the lack of regulatory certainty is a growing concern for investors.
Cocoa farmers in Africa are worried about ongoing fluctuations in market prices that jeopardize their livelihoods. Stakeholders are working to address these concerns and stabilize the market.
Nigeria and seven other African nations may face a 12.5% tariff on exports to the U.S. due to allegations of forced labor in their supply chains. This move could significantly impact their access to the American market.
Fresh Iranian attacks and a lack of progress in peace talks with the United States added to the downbeat mood, though oil prices dived on news of a ceasefire between Israel and Lebanon. The post Stocks Drop On AI, Rate Hike Worries As Lebanon Deal Hits Oil appeared first on Chann...
The Naira showed stability against the US dollar on June 4, 2026, with a narrow gap between official and parallel market rates. This indicates a balanced foreign exchange environment in Nigeria.
The National Bureau of Statistics reports that the cost of a healthy diet in Nigeria has risen to N1,541 per adult. This increase adds to the financial strain on households despite a moderation in the overall inflation rate.
The naira has appreciated to a near one-month high of N1,357.26 per dollar, reflecting improved liquidity conditions in the foreign exchange market. This positive trend indicates a strengthening of the currency amidst ongoing economic adjustments.
Capital importation in Nigeria has increased to $10.37 billion in the first quarter, largely due to a surge in portfolio investments. The UK, US, and South Africa are the top contributors, reflecting positive impacts from recent economic reforms.
The Naira has depreciated to N1,398 per dollar in the parallel market, down from N1,385. This marks a notable decline in the currency's value against the dollar.
Nigeria attracted $10.37 billion in foreign investment in Q1 2026, nearly double the previous year's amount. However, this influx is not translating into significant job creation.
The African Development Bank (AfDB) reports that Africa could generate $469 billion annually without increasing taxes. This can be achieved through enhanced administration and digitization of tax systems.