▪︎Left: Dayo Adeyeye NPA Chairman Board of Directors; Dr. Abubakar Dantsoho, MD NPA Last week, President Bola Tinubu effected new leadership changes at the Nigerian Ports Authority (NPA). Tinubu appointed the former head of South-West support group, Dayo Adeyeye as NPA chairman Board of Directors, and Dr. Abubakar Dantsoho, as the new MD Nigerian Ports Authority….
On January 23, 2026, Afreximbank officially terminated its rating relationship with Fitch Ratings following a prolonged dispute over the agency’s assessment of the bank’s risk and treatment of preferred creditor status.
BLACK MARKET RATES US Dollar (USD) Buy ₦1,400 Sell ₦1,405 Great British Pound(GBP) Buy ₦1,900 Sell: ₦1,920 EURO (EUR) Buy ₦1,590 Sell ₦1,610 Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080 South African Rand (ZAR) Buy ₦75 Sell ₦90 Ghana CEDI (GHS) Buy ₦95 Sell ₦110 West African CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 CBN Exchange Rates US Dollar (USD) ₦1,346.98 Great British Pound (GBP) ₦1,837 54 EURO (EUR) ₦1,571.52 Swiss Franc (CHF) ₦1,678.89 Chinese Yuan (CNY) ₦200.37 Japanese Yen (Yen) ₦8.46 West African CFA (XOF) ₦2. 40 West African Unit Account (WAUA) ₦1,849. 43 Saudi Riyal (SAR) ₦358.73 South African Rand (ZAR) ₦84.11 COMMODITIES Commodity Price (US$) Chg % Soybeans 1219.96 3.96 0.33% Wheat 686.75 5 0.73% Palm Oil 4946.00 72.00 -1.43% Coffee 341.82 0.170 .05% Cotton 87.865 0.965 -1.09% Cocoa 5945.00 89.00 -1.48% Sugar 17.65 0.04 0.23%
On Thursday, November 5, 2024, as early as 8 am, the staff of the Federal Inland Revenue Service (FIRS) assembled at the agency’s headquarters at Sokode Crescent, Wuse Zone 5, Abuja. The gathering wasn’t for protest or strike but to appreciate their Chairman – Zacch Adedeji, for his numerous welfare packages for them since he…
The Bashir Adeniyi Centre for International Trade and Investment (BACITI) of the Nigerian Institute Of international Affairs (NIIA), called on the Nigerian Ports Authority (NPA) to accelerate full digitalization of the port community system (PCS) across all major ports in the country. BACITI made the call in its just released May Economic Insight, noting that…
▪︎From right: MAN President Francis Meshioye; Segun Ajayi-Kadir, Director-General of MAN and Chairman of NERC, Sanusi Garba. In the past year, a significant discussion arose involving the Manufacturers Association of Nigeria (MAN), the electricity Distribution Companies (DisCos), and the industry regulator, the Nigerian Electricity Regulatory Commission (NERC). On April 3, 2024, NERC approved an increase for…
Dr Olusegun Aganga, the former Minister of Industry, Trade and Investment, urged the federal government to declare the manufacturing sector a national priority sector and back it up plans, policies and money.
The Newly elected President of Nigeria Employers Consultative Association (NECA), Ifeanyi Okoye,has given insight into challenges facing the manufacturing sector leading to the closure of some companies and exit of some multinational companies from Nigeria.The Vanguard Newspaper reported that Okoye said: “There are a lot of issues that are bothering manufacturers in this country.He said: “One…
Cover image: CBN Governor, Olayeni Cardoso The Central Bank of Nigeria (CBN) has called on local manufacturers and exporters to explore financing opportunities available through various government agencies as part of broader efforts to ease pressure on the naira and strengthen the country’s export base. Dr Aisha Olatiwon, the Director of Consumer Protection and Financial…
Dangote Group say the visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headoffice in Lagos, caused them “unwarranted embarrassment. “ In a statement today, the company explained that it’s not against the EFCC doing its work, but that the officials stormed the company “in a manner that appeared designed to…
