Vice President Kashim Shettima has praised the United Bank for Africa (UBA) for its outstanding record of innovation, growth in emerging markets, and sustained excellence over the past 75 years. Speaking at UBA’s 75th Anniversary Dinner held at the Transcorp Hilton Hotel, Abuja, Senator Shettima described the bank as a ‘pacesetter’ and a ‘quintessential specimen’ of what African institutions can achieve when excellence is institutionalised. READ ALSO: World Bank bans two…

A former private equity executive and licensed attorney has been indicted on 116 counts following revelations that he transformed his luxury Midtown Manhattan apartment into a dungeon of sexual violence, complete with surveillance cameras, weapons, and torture tools. Ryan Hemphill, 43, appeared in court Thursday to face a sweeping array of charges including predatory sexual assault, rape, drug possession, and witness tampering. Prosecutors allege that between October and March, Hemphill…

Vice President Kashim Shettima has called for greater collaboration between public and private sector stakeholders to unlock Nigeria’s full potential in skills development. He emphasised that a united national strategy is crucial for transforming the country’s workforce. Shettima stressed that Nigeria’s demographic advantage can only translate into real economic gains if the youth and workforce are equipped with critical, market-relevant skills. “We know that isolated programmes, no matter how well-intentioned,…

The Dollar to Naira exchange rate remains a critical focus for businesses, investors and individuals in Nigeria as forex market fluctuations continue. On 25th April 2025, the black-market exchange rate reflects ongoing economic trends, foreign exchange supply challenges, and the latest policies from the Central Bank of Nigeria (CBN).   How Much is Dollar to Naira Today in Black Market? The latest black-market Dollar to Naira exchange rate as of…

The Dollar to Naira exchange rate remains a critical focus for businesses, investors and individuals in Nigeria as forex market fluctuations continue. On 24th April 2025, the black-market exchange rate reflects ongoing economic trends, foreign exchange supply challenges, and the latest policies from the Central Bank of Nigeria (CBN).   How Much is Dollar to Naira Today in Black Market? The latest black-market Dollar to Naira exchange rate as of…

Edo State Governor, Monday Okpebholo, has launched a bold international investment drive aimed at repositioning the state as a destination for sustainable economic growth. The governor is leveraging the ongoing 2025 Spring Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C., to attract credible investors and forge long-term development partnerships. According to a statement by the Chief Press Secretary to the Governor, Fred Itua, the initiative…

On Thursday, April 17, 2025, Nigeria’s unofficial currency market continued to experience fluctuations in the value of the naira, largely influenced by a strong appetite for U.S. dollars and limited access through formal financial channels. Current Street Market Rates: Buy: ₦1,610 to $1 Sell: ₦1,620 to $1 These figures come from local exchange dealers and may shift slightly depending on the location and size of the transaction. For the most…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the federal government’s (FG) commitment to ensuring food security. Speaking at the inaugural meeting of the Agricultural Sector Working Group (ASWG) in Abuja, he called for a more adaptable and resilient approach to agricultural planning. Edun emphasised the need to align Nigeria’s agricultural roadmap with the post-Malabo agenda. READ ALSO: FG sets up panel to assess…

Vice President Kashim Shettima has called on Ministries, Departments and Agencies (MDAs) and the Presidential Enabling Business Environment Council (PEBEC) to intensify collaboration to create a more robust and investor-friendly business environment in Nigeria. Shettima spoke in Abuja yesterday at the close of the PEBEC Retreat for heads of MDAs and MDA Reform Champions. He stressed that President Bola Tinubu’s administration remains steadfast in its commitment to the Renewed Hope…

The digital trading platform, CBEX, which has led to many Nigerians losing billions of naira in what is termed the biggest Ponzi Scheme in the country, is not registered by the Securities and Exchange Commission, SEC. The Director General of the Security and Exchange Commission, Dr Emomotimi Agama, made the disclosure on Wednesday night in an interview monitored on Arise Television. He also said that the Commission has not received…

As of Wednesday, April 16, 2025, Nigeria’s black market exchange rate for the dollar to naira continues to show significant volatility. This ongoing instability is fueled by a persistent demand for foreign currency and a limited supply within official financial channels. Black market dollar-to-naira rates These figures are sourced from currency traders and may vary slightly depending on location and transaction volume. For up-to-date rates, platforms like Aboki Forex, Investors…

Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new ex-depot price is now set at N835 per litre, down from N865, representing a 3.5 per cent decrease. This adjustment follows a recent drop in global crude oil prices, which have fallen to $64 per barrel from over $70 in recent weeks. This marks the second price…