NAIRA GAINS AT OFFICIAL MARKET BUT WEAKENS FURTHER IN PARALLEL MARKET AS GAP WIDENS

The naira recorded a stronger performance at the official foreign exchange market this week, even as the gap between the official and parallel market rates continued to widen amid sustained demand for dollars. According to verified reports, the naira is currently trading at about ₦1,329.44...
  • September 11, 2026

NIGERIA’S IMPORTS FROM CHINA HIT N11.01TN IN H1 2026, ACCOUNT FOR 40% OF TOTAL IMPORTS

Nigeria’s import bill from China surged to N11.01 trillion in the first half of 2026, solidifying the Asian giant as the country’s biggest trading partner and accounting for nearly 40 per cent of Nigeria’s total imports within the period. Data from verified trade reports show...
  • September 11, 2026

EKPO REJECTS MMI LOPSIDED EMPLOYMENT CLAIM, LISTS N36BN GAS PROJECTS, N300M LPG INTERVENTION FOR AKWA IBOM

The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, PhD, has dismissed allegations of lopsided distribution of oil and gas sector employment opportunities in Akwa Ibom State, describing the claim by Mboho Mkparawa Ibibio (MMI) as baseless. In a statement issued on...
  • September 10, 2026