Naira Recovers Against Dollar as FX Reserves Soar

Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.

Nasarawa launches $400m rare earth processing plant

Nasarawa State inaugurates Africa's largest rare earth processing facility in Uke. The $400m plant will boost Nigeria's tech, energy and defense sectors. Read more about this groundbreaking investment.

Afghanistan Diversifies Trade Amid Pakistan Dispute

Afghanistan is urgently seeking new trade partners after a border clash with Pakistan. The Taliban government is turning to Iran and Central Asia as $100 million in losses hit traders. Discover the economic fallout.

Nigeria to Tax Cryptocurrency Under New Law

Nigeria's new tax reform mandates taxation on virtual currencies while exempting capital market gains. Chairman Taiwo Oyedele urges young investors to consider regulated markets.

Reps Launch Probe Into Power Sector Failures

The House of Representatives vows to fix Nigeria's electricity crisis, launching a major investigation into 17 years of sector failures and proposing a new bill to combat energy theft.

Nigeria to earn $1bn from electricity exports

Nigeria plans to generate N1.49 trillion annually by exporting 600MW of electricity to 15 West African countries following successful grid synchronization tests. Full details on this energy breakthrough.

Nasarawa launches $400m rare earth metals plant

Nasarawa State inaugurates a $400 million rare earth and critical metals processing plant in Uke, set to create over 10,000 jobs and position Nigeria as a key player in the global tech and energy sectors.

Lagos Raises ₦339bn in Record Bond Issuance

Lagos State makes history with Nigeria's first sub-national green bond, raising ₦339 billion in oversubscribed issuance that demonstrates strong global confidence in state economy.

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