Former NACCIMA President Dele Oye warns that Nigeria’s record foreign exchange turnover masks structural economic weaknesses, cautioning that the naira remains vulnerable without deeper reforms, export diversification, and sustained private-sector growth.
Category: Business
US, Japan Join Forces to Support Yen After Currency Hits Four-Decade Low!
The United States and Japan jointly intervene to support the yen after it fell to a four-decade low, aiming to stabilize currency markets, restore investor confidence, and reduce economic volatility.
OPay Unveils New Trust Campaign to Boost Secure Digital Payments and Strengthen Customer Confidence in Nigeria!
OPay has launched a new customer trust campaign focused on secure digital payments, reliable financial services, and transparency, reinforcing confidence in Nigeria’s rapidly growing fintech ecosystem while supporting financial inclusion across Africa.
‘My Mother Sold Akamu’: Defence Minister Christopher Musa Defends Dignity of Petty Trading!
Chief of Defence Staff General Christopher Musa says his mother sold akamu to raise their family, urging Nigerians to respect petty trading and embrace the dignity of honest work.
NACCIMA Unveils $150 Million Low-Interest Loan Facility to Help Nigerian Businesses Expand Globally!
NACCIMA has launched a $150 million low-interest offshore loan facility in partnership with ODDO BHF SE to help Nigerian businesses expand internationally, improve exports, and access affordable financing.
OPEC+ boosts September oil production by 188,000 barrels per day as supply cuts rollback concludes!
OPEC+ has approved a 188,000 barrels-per-day oil production increase for September 2026, completing the rollback of its 2023 voluntary supply cuts while maintaining a cautious approach to global market stability.
50 NCDMB-Sponsored Trainees Graduate in Crane Operations, Strengthening Nigeria’s Oil and Gas Workforce!
Fifty NCDMB-sponsored trainees have graduated in crane operations in Rivers State, boosting indigenous workforce capacity and strengthening local content development in Nigeria’s oil and gas industry.
50 NCDMB-Sponsored Trainees Graduate in Crane Operations, Strengthening Nigeria’s Oil and Gas Workforce!
Fifty NCDMB-sponsored trainees have graduated in crane operations in Rivers State, strengthening Nigeria’s indigenous workforce and boosting technical capacity in the oil and gas industry.
BUA’s $85 Million Port Harcourt Expansion Set to Drive Double-Digit Growth in Nigeria’s Maritime Trade and Port Revenue!
Nigeria’s maritime sector is set for growth as BUA Group invests $85 million in expanding Port Harcourt port facilities. The Nigerian Ports Authority projects double-digit increases in cargo throughput and revenue, strengthening eastern ports and boosting industrial development.
NMDPRA Pushes for West African Oil Trading Hub as Nigeria Leads Drive for Africa’s Own Petroleum Price Benchmark!
Nigeria’s NMDPRA is seeking regional investment to establish a West African oil trading hub and create Africa’s own petroleum price benchmark, aiming to strengthen regional energy markets, improve price transparency, and boost intra-African trade.
REAN Calls for Urgent Action to Accelerate Nigeria’s Clean Energy Transition, Unlock Investment and Expand Energy Access!
REAN urges Nigeria to accelerate its clean energy transition through stronger policies, increased renewable energy investment, and expanded electricity access, highlighting the sector’s potential to drive economic growth, create jobs, and support sustainable development.
How to Apply for Nigeria’s YOUTHCRED Loan: Federal Government Opens ₦200,000–₦2 Million Funding Window for Caterers, Fashion Designers and Young Entrepreneurs!
Learn how to apply for the Federal Government’s YOUTHCRED loan offering ₦200,000 to ₦2 million for caterers, fashion designers, artisans, and young entrepreneurs. Discover eligibility, application steps, required documents, and key programme benefits in this comprehensive WengGlobal report.
Nigeria Launches YOUTHCRED Entrepreneur Loan Scheme, Targets 500,000 Youths with Up to ₦2 Million to Drive MSME Growth!
Nigeria’s Federal Government has launched the YOUTHCRED for Entrepreneurs programme, targeting 500,000 young entrepreneurs with loans ranging from ₦200,000 to ₦2 million to boost MSMEs, create jobs, and drive inclusive economic growth.
FG Returns 13 Oil Blocks to Licensing Pool After Weak Investor Interest in 2025 Bid Round!
Nigeria’s Federal Government has returned 13 oil blocks from the 2025 Licensing Round after they failed to attract investor bids, highlighting the country’s commitment to transparent licensing and ongoing reforms in the oil and gas sector.
Nigeria’s 2025 Oil Licensing Round: 143 Companies Compete for 50 Strategic Oil Blocks in Major Energy Investment Drive!
Nigeria’s 2025 oil licensing round has attracted 143 companies competing for 50 oil blocks as the NUPRC begins a transparent evaluation process aimed at boosting investment, crude oil production, and long-term energy security across Africa.