Dave Ibemere
5443 articles published since 20 Sep 2021
5443 articles published since 20 Sep 2021
Nigeria has handed over the African Energy Bank headquarters in Abuja, setting the stage for operations to begin in June, advancing Africa’s energy independence.
The naira surged to a record N1,372.91 per dollar in the official FX market, supported by rising reserves and improved foreign exchange liquidity.
The Nigerian Exchange rose as bargain-hunting boosted banking and industrial stocks, lifting market capitalisation by N333 billion and extending the Y/D returns.
Petrol prices pressure eased in December 2025 as the average pump price fell 11.81% year-on-year to N1,048.63, though wide differences persisted across states.
The US dollar has depreciated by N50 in the parallel market on February 3, as the naira strengthened slightly against the euro and British pound.
The federal government has launched a free nationwide training programme to equip 10 million Nigerians, especially youths and women, with financial literacy.
Latest NBS data shows average retail prices for 5kg and 12.5kg LPG cylinders fell in December 2025, with Kaduna highest, Katsina cheapest state to buy.
Nigeria’s foreign ministry said electricity was cut to its Pretoria mission by South African authorities over unpaid bills caused by funding delays.
First Abu Dhabi Bank will open a Lagos office, marking its first sub-Saharan presence, targeting West African infrastructure, energy, and financial sector.
Dave Ibemere
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