GistReel The Nigerian naira traded at ₦1,372.96 per United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, July 8, 2026, according to official market data. At the parallel market, commonly referred to as the black market, the dollar exchanged at approximately ₦1,400 per dollar for buying and…

…wouldn't have been successful. "I will tell you what worked. It is what the uncles, the traders who barely went to school, told me. They told me go left at all time and never right. The father who told me to forget theories and know when to be ruthless, conform or stand my grounds and what books to read. "Some of the w…

…of the party. The PUNCH reports that the ruling Accord and the opposition APC usually trade blame whenever violence is recorded in any part of the state. The Independent National Electoral Commission fixed August 15, 2026, for the governorship election in the state. The incumbent governor, Ademola Adeleke, is contestin…

…about development to practical actions that drive industrial growth, expand trade, create jobs, add value, and improve the living standards of its people. According to him, a structured financial backing and reliable infrastructure are essential for building the continent. "The conscience and the future of Africa depen…

…and has since urged its citizens against travelling to Japan as well as tightened trade restrictions on some Japanese firms. AFP

…imports, and 3.08 percent IDEC and other items. The Customs boss added that global trade disruptions arising from the Russia-Ukraine war also affected imports, particularly wheat shipments from the region. Adeniyi told lawmakers that the NCS has a revenue target of N11.074 trillion for the 2026 fiscal year. He said the…

…Technology, the Honourable Minister of Steel Development, and the Minister of Industry, Trade and Investment. Their participation is expected to enrich discussions on food security, industrialisation, local manufacturing, innovation, technology and value-chain development, all of which are critical to delivering afford…

…currency's positive run recorded throughout the previous trading week. The Naira traded at N1,383.62 to the dollar on Monday, June 29, marking the week's opening official exchange rate. The local currency strengthened further on Tuesday, June 30, closing at N1,379.68 against the dollar in the official market. Momentum…

…elections. His administration is threatening Brazil with new tariffs over alleged unfair trade practices. Last year, Trump’s administration hit Brazil with steep tariffs over a coup trial against the now-jailed Jair Bolsonaro, 71. However, the duties were lifted after a meeting between Lula and Trump. Last month Lula w…

…50 million customers, operates across 20 African countries and four continents, supports trade and investment, and demonstrates that an African institution can compete globally, while being deeply committed to our continent's development. "This success belongs to generations of dedicated colleagues, exceptional managem…

…College, Ido-Ani, the Nigerian Navy Secondary School, Imeri, as well as farmers, traders, artisans, transport operators, cooperative societies, public servants and other business owners across the area. According to him, the closure has forced residents and business owners to travel long distances to carry out banking…

…and creating freight corridors that better connect landlocked economies to ports and trade hubs. That level of fragmentation affects trade, investment, and how foreign investors understand the continent. Most American investors still focus on a handful of markets like Egypt, Nigeria, Kenya, and South Africa because the…

…sector may struggle to fully harness opportunities under the African Continental Free Trade Area (AfCFTA). Speaking in a television interview, Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, said manufacturers are increasingly investing in local sourcing and value addition to redu…

The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, has praised the performances of African teams at the ongoing 2026 FIFA World Cup, commending their resilience and expressing hope for further success in the tournament. In a post on her verified X account on Sunday, Okonjo-Iweala singled out Mor…

…Nigeria as a bigger supplier to Europe during the month. Commenting on the market, a trader attributed the oversupply partly to increased shipments from Dangote and the United States. "Jet is oversupplied because of high local refinery production; refineries pushed back maintenance to make the most of the high prices.…

…enforcement and technology-enabled surveillance. Their efforts to combat illicit trade, irregular migration, wildlife trafficking, currency smuggling, and transnational organised crime strengthen both national security and economic stability. The briefing also reminds us that security extends well beyond the battlefiel…

…Federal Government's empowerment initiatives extended beyond akara sellers to include traders dealing in tomatoes, pepper, vegetables and roasted plantain. She also disclosed that the Federal Government had provided N100 million to the Jigawa State Government to empower 2,000 petty traders with N50,000 each under the R…

The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has highlighted the vibrant cultural performances that marked the organisation's Open Day in Geneva, with Nigerian masquerades emerging as one of the standout attractions. The WTO opened its headquarters to members of the public on Sunday, offer…

…Tinubu's foresight and vision. Hamzat listed projects such as the rail lines, Lekki Free Trade Zone, Eko Atlantic City, Lagos-Calabar Coastal Highway, and the Badagry-Sokoto Highway, among others. "Building these projects is not just to move people; it is to industrialise our country and to connect the people," he said…

…In response, the Joint National Public Service Negotiating Council (JNPSNC), Trade Union Side, has petitioned the Head of the Civil Service of the Federation, Mrs. Esther Didi Walson-Jack, urging urgent intervention to protect the investments of affected workers and prevent a potential industrial crisis. In the petitio…

…to push up prices of the popular soup ingredient across major markets in the state. The traders and consumers, who spoke with the News Agency of Nigeria (NAN) in separate interviews on Sunday in Lagos, attributed the development to limited supply, rising demand and distribution challenges. NAN reports that stockfish, a…

…a free electronic travel authorisation. The initiative is expected to boost tourism, trade, business and regional integration across Africa. TogoTogo removed visa requirements for all African passport holders.Nigerians and other African travellers can now enter the country without a visa for stays of up to 30 days, pro…

…at the market, the suspect inspected various engine options and negotiated prices with traders. "Although negotiations for the engine proved unsuccessful, he purchased a vehicle shaft and informed the complainant that he had identified another location where a suitable engine could be obtained. "He then boarded a comme…

…and commuters stranded for several hours. Commercial activities slowed considerably as traders closed their shops early while transport operators suspended operations on several flooded routes. Many workers returning home after the day's activities spent hours waiting for floodwaters to subside before continuing their…

…poor electricity, collapsing purchasing power, and then tell citizens to go and trade by the roadside as if hardship is merely a motivational challenge. To suggest roadside businesses as a national economic policy is condescension. It is to walk through the battlefield and bayonet the injured. What Nigerians need, and…