…renew the rent, as the landlord allegedly demanded a new amount running into millions of naira. She expressed frustration over the situation and warned business owners against investing heavily in rented properties without considering the possibility of changes in tenancy costs. “She didn’t give me any notice. On the m…
Mohbad’s family has secured a major step in its continued search for answers nearly three years after his deathThe Inspector-General of Police, Olatunji Disu, has approved the family’s request for a fresh investigation into the circumstances surrounding the singer’s deathThe case has now been handed to the Special Enqu…
…heavy demand for OMO instruments also highlights continued appetite for high-yielding naira assets, particularly as monetary policy and short-term interest rates adjust.
… On the pulpit, Apostle Arome disclosed that he had already transferred one million naira to the account, noting it could be backed up with proof. According to him, it was a spontaneous announcement before mounting the altar. ”If you don’t believe in this instruction, don’t bother, it’s not for everybody. This i…
…reforms, social protection, infrastructure, agriculture and education programmes, Nairametrics reports.Other multilateral creditors include the African Development Bank Group, the Islamic Development Bank and the International Fund for Agricultural Development.Eurobonds and commercial loans add pressureCommercial borro…
…supplies because of outstanding debts.One marketer said some carriers owed millions of naira and could not expect uninterrupted fuel supplies without settling their existing obligations.An airline source also disclosed that Jet A1 was selling for about N2,130 per litre in Lagos and Abuja, while prices at airports outsi…
Naira has gained against the dollar in official and parallel markets as interbank FX turnover surged 226% to $80.58 millionStreet-market dollar rates fell to N1,375, narrowing the gap with the official rate to about N45Rising external reserves and oil prices support the naira, but traders will watch whether gains can c…
…removal of petrol subsidy, arguing that the policy had instead coincided with a weaker naira, declining purchasing power and pressure on the productive sector. According to the APM, Nigerians had endured rising taxes and the cost of food, electricity, transportation, healthcare and other basic necessities since Tinubu…
…time, accusing the former president of poor economic management. “You bought fuel at 98 Naira, you came out to protest, you said Jonathan doesn’t have brain, that Jonathan does not know how to manage economy. Now you are buying the same fuel at 1,500 and you are calling the man, the current president, Tinubu, a builder…
GistReel The naira traded at ₦1,321.44 to the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday, September 29, 2026, while the greenback changed hands for as much as ₦1,385 in the parallel market. In the parallel market, currency dealers were buying the dollar at around ₦1,375 and selling it at approx…
The naira stayed outside Africa’s 10 highest nominal exchange rates per dollar in September 2026, despite years of volatilitySão Tomé and Príncipe, Sierra Leone, Guinea and Madagascar topped the ranking by local currency units per US dollarUganda’s shilling and Ghana’s cedi faced pressure, while depreciation risks rais…
…The association presented a 10-point agenda, including the full institutionalisation of Naira-for-Crude, transparent access for qualifying refineries, a domestic crude pricing framework and stronger enforcement of the Domestic Crude Supply Obligation under Section 109 of the Petroleum Industry Act. CORAN also called fo…
…enforcement.Nigerian billionaire may lose three private jets over multi-trillion naira duty debt >Simi Adamson of the service’s legal department swore the affidavit supporting the application. Court yet to decideThe case has been adjourned until October 22, 2026, for continuation of the hearing.For now, the forfeiture…
…over the same period. The divergence reflects, among other factors, the stronger naira used in valuing the June 2026 external debt. The DMO applied an official exchange rate of N1,379.1842/$ in June 2026 compared with N1,529.2105/$ a year earlier. Consequently, dollar-denominated debt rose much faster than its naira eq…
…is so vital. He said, “The state government has expended tens of billions of naira without significantly scratching the surface of the problem. Tackling flooding and gully erosion is a collective action which must begin with individual choices.See more Punch stories on Google.Add Punch on Google “Therefore, we urge cit…
…from July 24, 2026, he said Libya's monthly minimum wage was worth about N213,000 in naira terms, Algeria's roughly N245,000, Equatorial Guinea's N302,000 and Gabon's N351,000. He added that Benin Republic's minimum wage also exceeded Nigeria's when converted at the same rates.Atiku acknowledged that wage structures an…
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…Engineering and Theatre Arts also made the list, with fees running into millions of nairaPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Redeemer's University has released its official school fees for 100-level students admitted for the 2026/2027 academic session, with figures varying considerably…
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…passive budgeting will not work. You need a deliberate system to stretch every single Naira without eating poorly or skipping nutritious meals. 1. The Trap of Neighborhood Kiosks The single biggest mistake households make is buying foodstuffs in daily retail measurements from roadside stalls and street corner kiosks. B…
…the station offered her a gross annual compensation of N300,000 (Three Hundred Thousand Naira), to be paid in equal monthly instalments. Her role required her to work at the company's radio studios located in Independence Layout, Enugu.The post quickly attracted attention from Nigerians who had personal memories tied t…
…become deeply woven into the kidnapping crisis. In some cases, families pay millions of naira and secure the release of their loved ones. In others, payment only opens the door to fresh demands. Some victims are killed despite ransom payments, while others are rescued by security forces before families part with money.…
…country is experiencing in the area of health… people going abroad to spend billions of naira for health services, His Excellency is trying to mitigate that gap,” he said. Eno noted that with Nigerians spending billions of dollars annually on medical tourism, his administration was investing in healthcare infrastructur…