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  • 8th June 2026

Manufacturers reject new beverage tax, warn of business

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  • 8th June 2026

Global stocks slide as Middle East tensions drive

  • 8th June 2026

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Finance

₦1m salary worthless without stable naira value — Ajaero

The Nigeria Labour Congress says a monthly salary of ₦1 million is worthless to workers without a stable naira and improved economic conditions. NLC President, Mr Joe Ajaero, said this in an interview with the News Agency of Nigeriaon Tuesday in Abuja. He said organised labour was more concerned about the value of the naira […]

Opinion

Rewane declares naira undervalued by 11%

Renowned economist and Managing Director of Financial Derivatives Company, Mr Bismarck Rewane, has estimated the fair value of the naira at about N1,257 to the United States dollar. Rewane stated that the local currency is undervalued by approximately 11 per cent when assessed using the purchasing power parity (PPP) model. He made the submission during […]

Pound falls more than 1% after BoE move
Finance

Pound trades near ₦1,918 as naira stabilises against dollar

The British Pound recorded a marginal gain in the Nigerian Foreign Exchange Market on Tuesday, January 13, 2026, as the naira continued to trade within a band of moderate volatility. Data from the Nigerian Foreign Exchange Market showed that the official exchange rate for the Pound Sterling opened at ₦1,901.49 and later traded at a […]

Naira strengthens slightly to N1,534.52/$ at official market
Economy

Naira rebounds to N1,400/$ as speculators offload forex

The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This follows the announcement by the Central Bank of Nigeria the final settlements of all valid foreign exchange backlogs, fulfilling a key pledge of […]

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