Money

The naira strengthened sharply against the U.S. dollar on peer-to-peer trading platforms, exchanging around N1,346–N1,347 per $1 on Thursday. The move marks a major shift from the N1,700+ levels recorded at different points in late 2024 and early 2026. Market watchers link the improved sentiment to recent Central Bank reforms…

Nigeria’s industrial leader, Aliko Dangote, chairman of the Dangote Group, has predicted a much stronger Nigerian naira. He forecasts it could reach N1,100 against the US dollar by the end of 2026. This stands in stark contrast to current exchange rates and many independent economic forecasts. According to reports, during…

A weaker US dollar becomes good news for Nigeria only when it supports naira stability and improves dollar supply in the market. Without that, the impact stays on paper and never reaches the street. The first effect is on imports, because many things Nigeria depends on are priced in dollars.…

In a major review of national food production efforts, the Federal Government of Nigeria is assessing its key agricultural program, the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP). This follows the program’s impressive contribution of ₦2.312 trillion in agricultural produce value over four planting cycles. This achievement, shared on Thursday…