Dollar Against Naira Your browser does not support the video tag. The naira falls slightly by ₦2.33 against the US dollar at parallel market but appreciated at the official market on Tuesday, June 3, reflecting ongoing volatility in Nigeria’s foreign exchange landscape. Read Also: In the black market, currency traders in Abuja told Economic Confidential
Nigeria will host the West Africa Economic Summit (WAES) from June 20 to 21, 2025, at the Abuja International Conference Centre. The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, announced this news. He said the summit will bring together leaders, business people, development partners, and young innovators from across West Africa. The theme for the
The New Spending Culture in Nigeria In 2025, Nigeria’s consumer landscape is shifting in ways that reflect deeper societal values, financial ambitions, and personal well-being. As inflation continues to bite and naira weakens, Nigerians are making critical choices about where their money goes. Among the top contenders: church donations, skincare and beauty, and cryptocurrency investments.
The 2025 CAF Player of the Year race is shaping up to be one of the most competitive in recent memory, with three African superstars delivering world-class performances in their respective leagues to become frontrunners. Egyptian forward, Nigerian striker, and Moroccan defender Achraf Hakimi have all posted standout seasons in England, Turkey, and France, respectively
Galatasaray Vice President Niyazi Yelkencioğlu has delivered a candid update on the uncertain future of Victor Osimhen, amid growing speculation linking the Nigerian striker with a big-money move to the Premier League, Soccernet.ng reports. Osimhen, 26, enjoyed a sensational loan spell with Galatasaray last season, scoring 36 goals and providing 8 assists in 40 appearances
Value Added Tax (VAT) is a major source of revenue for Nigeria’s government, helping to fund infrastructure, salaries, and public services across the country. Each quarter, states contribute different amounts to the national VAT pool, reflecting their level of economic activity, business presence, and population. For the first quarter of 2025, here is a detailed
dLocal, the Latin American fintech unicorn that connects global merchants to emerging markets, is in talks to acquire Aza Finance (formerly BitPesa), a cross-border payments startup, as it continues its expansion into Africa. “We’re proud to announce our intention to acquire AZA Finance, a leading fintech specialising in cross-border payments and FX solutions in Africa
Spanish LaLiga club Getafe are willing to reduce their valuation of Super Eagles midfielder Christantus Uche, amid interest from English Premier League clubs Leeds United and Brentford, Soccernet.ng reports. Uche has continued to draw attention from Premier League clubs following his series of impressive performances for Getafe. He has enjoyed a great top flight league