Thursday, August 27, 2026

Economy

August 19, 2026

Naira appreciates further against U.S. dollar

The naira further appreciated on Tuesday in the official market, trading at N1,343.32 to the U.S. dollar.

Redesign naira notes
August 19, 2026

Cement Price Hike: FCCPC reveals possible manipulation, summons companies

FCCPC has raised the alarm over what it described as possible manipulation of cement prices in Nigeria.

Cement firms in Nigeria
August 19, 2026

Court jails two for illegal naira cash trading at Lagos event centre

The court sentenced two persons to six months’ imprisonment each after they pleaded guilty to unlawfully trading naira notes.

Court jails two for illegal naira cash trading at Lagos event centre
August 18, 2026

Dangote Refinery secures $1 billion commitment ahead of IPO launch

Dangote Refinery said it secured a $1 billion underwriting programme ahead of its planned IPO.

Dangote Refinery
August 18, 2026

21 ships to berth at three Lagos ports, NPA says

The NPA said the ships would arrive between August 18 and August 25.

Apapa port (Credit: Stears)
August 18, 2026

Iran, Brazil set to deepen economic, trade ties

Iran and Brazil agreed to develop a joint roadmap to deepen economic and trade relations.

Flags of Iran, Brazi
August 18, 2026

Sri Lanka to criminalise unauthorised forex transfers

The proposed amendment will affect the Foreign Exchange Act, No. 12 of 2017, which the government said contains gaps that limit criminal action against certain outward remittances.

Sri Lankan rupee
August 18, 2026

FG, states, LGs shared N3.007 trillion revenue in July: FAAC

FAAC said the July figures indicated an improvement in statutory revenue, with gross statutory revenue rising to N4.359 trillion.

Federation Account Allocation Committee
August 18, 2026

Experts urge FG to list state assets to bolster stock market

A senior researcher at BAA Consult, Benjamin Akinsoto, urged regulators to reduce bureaucratic bottlenecks to attract more foreign investors.

Nigerian Exchange
August 18, 2026

Consumer protection council seizes multimillion-naira expired products from Kano supermarket

A supermarket, SUFAYE Investment, has handed over damaged and expired products worth over N28 million to the Kano State Consumer Protection Council for disposal.

Kano State Consumer Protection Council (KSCPC)