…looted funds from Nigeria benefited a lot. Once again, as in the 1970s, the windfall of dollars is already being recycled back to the developed world by fraudulent public officials. It is in order to break this vicious cycle that Governor Uduaghan and people who think like him are urging the people of Delta State to st…

…in 2020. Avila had sued the singer over the incident and was awarded the multi-million-dollar judgment. Brown has denied any wrongdoing in the case. The post Chris Brown ex‑housekeeper wins share of Usher tour income appeared first on Vanguard News.

…Canadian Prime Minister Mark Carney vowed that his country will match the US tariffs “dollar for dollar to protect our workers and businesses,” as officials said late Friday that Washington and Ottawa had not managed to strike a deal. The lack of a final agreement means that new 50-percent duties impacting some $20 bil…

…the economic direction of this administration – to transform Nigeria into a one trillion-dollar economy – and electricity sits at the heart of that ambition,” he said. Tegbe added that the administration had begun strengthening transmission infrastructure across the Lagos, Enugu-Port Harcourt and Abuja-Kaduna-Kano corr…

…alone was insufficient to attract the long-term capital required for multi-billion-dollar petroleum projects. “The long-term capital required for oil and gas development depends not only on the existence of laws and regulations, but on their predictability, durability, transparency and consistent application,” the unio…

…$3.42 billion, according to CBN dataNaira appreciated by 1.38%, reaching N1,361.22 per dollar amid reduced FX trading activityNigeria recorded a stronger net FX inflow of $5.85 billion despite lower overall inflows in AprilPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pascal Oparada is a journali…

​The naira has returned to appreciation against the United States dollar at the official foreign exchange market on Thursday. Central Bank of Nigeria data showed that the naira strengthened on Thursday to N1,347.63 against the dollar, from N1,350.41 exchanged on Wednesday. This means that the naira gained N2.78 against…

…to track the fraudulent UI debit cards. Oyewusi also personally withdrew thousands of dollars from the UI debit cards in the names of the victims. Typically, Oyewusi withdrew the maximum amount allowed from each card. Oyewusi would then use the same cards to make additional withdrawals at later dates. Between December…

…in the region. For years, Nigeria grappled with losses running into billions of dollars as a result of sabotage of oil installations and pipelines, community interference and production shutdowns. The losses negatively affected national revenue and kept oil production at low levels. However, the sector is turning the c…

…in Nigeria’s offshore petroleum industry, where projects typically require billions of dollars and take several years to move from discovery to production. “We are on the right path, all thanks to Mr President. It will be a huge leap. As of today, we have mined over 4.6 billion barrels from deep offshore assets. In car…

…savings showed up in the form of higher collection by Customs because, for every one dollar of import duty before, at N460, it became one dollar at N1,004, N1,003, N1,005. “The NRS, Petroleum Profit Tax that it collected before, same dollar, higher amount in naira. So, the savings showed up in the Federation accounts b…

…Nigeria’s currency volatility, intense competition and its ability to generate durable dollar-denominated returns.If completed, the IPO would follow US market debuts by African technology companies such as Jumia and IHS Holding, while standing out for OPay’s strong focus on financial services and the Nigerian market.Fo…

…where local currency devaluations have significantly impacted reported earnings and dollar-denominated revenue figures over the past year. Share buybacks are increasingly being leveraged by cross-listed telecommunication giants operating in emerging markets as a tool to support earnings per share, offset foreign exchan…

…of the Switzerland-based Simon Amadi drug cartel, which allegedly laundered millions of dollars through dark web marketplaces, as well as the takedown of two Nigerian-Mexican methamphetamine syndicates operating clandestine laboratories in forests in Ogun and Oyo states. Marwa said the latest operation demonstrated tha…

…Switzerland-based Simon Amadi drug cartel, which laundered proceeds worth millions of dollars through the dark web market places, and the takedown of two Nigerian-Mexican methamphetamine syndicates that ran clandestine laboratories in forests in Ogun and Oyo States."These operations send an unmistakable signal that thi…

…centre of the conversation: electricity. AI companies are discovering that billions of dollars’ worth of GPUs are of limited value if sufficient, reliable electricity cannot be delivered to them. In view of this, some of the world’s largest technology companies are beginning to behave increasingly like energy companies…

…the same period. The naira exchange rate used in the assessment stood at N1,362.53 per dollar, adding further pressure to the cost of sourcing foreign-refined products.Petroluemprice.ng reports that these combined factors continue to push up what importers and depot operators must spend to bring equivalent volumes into…

…Standing Lending Facility (SLF).The local currency appreciated by N8.07 against the US dollar, with the dollar quoted at N1,349.54 at the Nigerian Foreign Exchange Market (NFEM), compared with N1,357.61 on Friday. The movement represents a 0.59 per cent gain for the naira.CBN's new cash rule propels the naira to a new…

…rates): N1,410— N1,420 The Nigerian naira appreciated against the United States (US) dollar, trading at N1,349.5372 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Monday, August 17, 2026.Contents…Black market (Buying and selling rates): N1,410— N1,420 The data shared on the CBN’s official…

…put on uniforms, march into farms, and set economically viable crops worth millions of dollars ablaze while your country is drowning in multidimensional poverty.Stop destroying cannabis farms. Stop wasting enormous economic opportunities in the name of a failed and outdated policy.Legalize and properly regulate cannabi…

…Yusuf and multiple undeclared foreign currencies, $73,000( Seventy Three United States Dollar) £15,957 ( Fifteen Thousand, Nine Hundred and Fifty Seven Pound Sterling) & 827,800 Saudi Riyal intercepted by the Nigeria Customs Service, NCS, at the Mallam Aminu Kano International Airport, MAKIA. The investigation commence…

…application for a potential $5 billion initial public offering (IPO) by the multibillion-dollar refinery. The post SEC receives $5bn Dangote Refinery IPO application, Nigerians set to buy stake appeared first on Tribune Online.

…N53 trillion under current market conditions and pushed the naira to about N3,500 to the dollar, chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said. The post Fuel subsidy could have cost Nigeria N53trn, pushed naira to N3,500/$ — NRS chair appeared first on Tribune Online.

By Yinka Kolawole India-Nigeria bilateral trade rose by 26 per cent to about $9 billion in 2025–26, from $7.13 billion recorded in 2024–25, as economic ties between both countries deepen beyond oil and commodities into manufacturing, healthcare, energy, technology and job creation. The Indian High Commissioner to Niger…

…And I said, ‘Look, when you sell these refineries, you will not get 200 million (dollars) for them, because you will sell them as scrap.” The expenditure on the state-owned refineries has remained one of the most contentious aspects of the rehabilitation programme. Obasanjo said he learnt the government had spent about…