FCMB onboard Rewane to drive next phase of growth
Rewane is a respected economist and experienced leader in Nigeria’s financial sector, with more than 40 years of experience in macroeconomic research, investment banking, and strategic management.
2026
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Joe Ajaero wins Arthur Svensson International award
Ajaero is the first trade union leader in Nigeria to receive the Arthur Svensson Award, established in memory of the legendary Norwegian trade unionist and internationalist, Arthur Svensson.
Exchange Rates Today, 11 June 2026 (Official/ Black Market)
Black Market Rates
US Dollar (USD) Buy ₦1,395 Sell ₦1,400
Great British Pound (GBP) Buy ₦1,860 Sell: ₦1,880
EURO (EUR) Buy ₦1,590 Sell ₦1, 610
Nigeria’s Sugar-Sweetened Beverages Tax: The Arguments For and Against
Leading the opposition are the Manufacturers Association of Nigeria (MAN), the Lagos Chamber of Commerce and Industry.(LCCI), the Centre for the Promotion of Private Enterprise (CPPE), including the Abuja Chamber of Commerce and Industry (ACCI).
Exchange Rates Today, Wednesday June 10, 2026
Black Market Rates:
US Dollar (USD) Buy ₦1,390 Sell ₦1,400
Great British Pound (GBP) Buy ₦1,855 Sell: ₦1, 875
EURO (EUR) Buy ₦1,000 Sell ₦1, 100
FGN opens $1bn AfCFTA fund for exporters
Providing details of the $1bn AfCFTA Adjustment Fund Credit Facility, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, said that the facility is targeted at large African businesses with a minimum financing capacity of $10m.
Intra-African Trade Hits $230bn As AfCFTA Targets $250bn By Year End
” Many African countries have lost market share in key international markets and face increasing trade barriers. We have to build a strong domestic market within Africa because our future growth lies here on the continent,” he said
South Africa proposes extending auto incentives to battery materials
The revisions are intended to align the programme with the South African Automotive Master Plan 2035, which aims to raise output to about 1.4 million vehicles a year, deepen localisation and support the transition to electric mobility.
Nigerian Govt on the March again to revive textile industry
They made the call in a motion titled, “Urgent Need to revive the Textile Industries in Nigeria with particular reference to the Kaduna-Kano axis.”
‘Fixing the Structural Barriers Holding Nigerian Manufacturing Back’, by Ruth Owojaiye
Nigeria requires an estimated 100,000 megawatts of electricity to effectively power its economy but currently generates only about 4,000 to 5,000 megawatts.