Business

Capital Raise

FBN Holdings Approves Capital Raise and Dividend Amid Brand Transition

FBN Holdings shareholders approve N350 billion capital raise, N14.36 billion dividend, and First Bank’s rebranding ...
Nigeria's Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria’s Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria's inflation rate hits 33.88% in October, driven by soaring energy costs and structural inefficiencies, ...
National Technology Innovation Honors

Distinguished Technology Personality of the Year at the National Technology Innovation Honors

The Distinguished Technology Personality of the Year award is one of the coveted honors at ...

Illegal Miners

South Africa Declines Aid to Illegal Miners in Closed Mine Incident

South Africa denies aid to thousands of illegal miners trapped in an abandoned mine, emphasizing ...
Foreign Debt

Nigeria Spends $3.5 Billion on Foreign Debt Servicing in Nine Months, Economists Raise Concerns

Nigeria spends $3.5 billion on foreign debt servicing in nine months, raising concerns among economists ...
IPMAN

Nigerians Skeptical of IPMAN’s N50 Fuel Price Reduction Amid Dangote Refinery Supply Deal

Nigerians voice doubts over IPMAN's N50 per liter price cut, as current petrol prices remain ...
Naira Depreciation

Naira Depreciation and Economic Concerns Cause 3.2 Point Drop in Firms’ Confidence – CBN Report

The Central Bank of Nigeria (CBN) reports a 3.2-point drop in firms' confidence in the ...
Bitcoin

Stock Market Declines Amid Concerns Over Trump Tariff Policy, Bitcoin Surges to Record High

Global markets have shown signs of volatility as investors respond to a combination of trade ...

Dangote Refinery

IPMAN Reaches Agreement with Dangote Refinery for Direct Supply of Petrol and Other Products

IPMAN and Dangote Refinery have signed a direct supply agreement for petroleum products, a move ...
Grid Collapse

Nigeria’s National Grid Collapses for 10th Time in 2024: Calls for Power Sector Reform Intensify

Nigeria faces its 10th national grid collapse in 2024, sparking calls for power sector decentralization. ...

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Exchange Rate Per Dollar

AM Armenian Dram382.9528
GH Ghana Cedi11.9577
GM Gambian Dalasi72
GN Guinea Franc8,683.53
NG Nigerian Naira₦1,460.77
CF CFA Franc BEAC566.8579
13 Oct · CurrencyRate · USD
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Check: 13 Oct 2025 22:05 UTC
Latest change: 13 Oct 2025 22:00 UTC
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