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Lagos, July 9, 2026 – The Nigerian currency, Naira, depreciated further to N1,379.0675 to the dollar at the official foreign exchange market on Wednesday. The currency had depreciated from N1,368.2664 to the dollar on Monday to N1,375.7463 on Tuesday. Bid rates quoted by dealers at the market on Wednesday ranged between N1,387 and N1,379.0675 to the dollar. Meanwhile, the naira is being exchanged at between N1,410 and N1,415 to dollar at the black market in Lagos.

Singapore, July 9, 2026 – Oil prices rose more than 1% on Thursday after the U.S. carried out fresh strikes on ‌Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies. Brent crude futures rose 86 cents, or 1.1%, to $78.88 a barrel by 0352 ​GMT. U.S. West Texas Intermediate crude futures were up 85 cents, or 1.2%, at $74.37 a ​barrel. Both crude benchmarks, WTI and Brent, rose more than a dollar …

Abuja, July 7, 2026 – The Federal Government has suspended the implementation of recently issued regulations, guidelines, codes and directives relating to internet platforms. Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, gave the directive in a statement on Tuesday. The directive was issued after a strategic meeting with the leadership of the Nigerian Communications Commission, National Information Technology Development Agency and the Nigeria Data Protection Commission. Tijani said the agencies would defer the implementation or enforcement of recently issued regulations, guidelines, codes and directives relating to internet …

Abuja, July 7, 2026 – Nigeria has successfully navigated through the most perilous phase of its economic restructuring and laid reliable foundation to attract foreign direct investment and rebuild long term economic resilience. Oyedele, the Minister of Finance, said this in Abuja at the just concluded summit of the Nigeria Employers’ Consultative Association. He attributed the success of the economic transformation to the sweeping policy shifts introduced by President Bola Tinubu’s administration. The minister described the economic reforms as bitter, but said they were mandatory pills required to save the …

Lagos, July 7, 2026 – The Nigeria Revenue Service (NRS) recorded N21.6 trillion revenue in the first six months of 2026, The revenue represents a 49 per cent increase over the N28.3 trillion revenue generated in corresponding period in 2025. This was reported by the Economic Snapshot Report 2023 vs 2026, a review of economic performance under President Bola Tinubu. According to the report, the country has been recording successive increases in revenue generation since assumption of President Tinubu from N12.3 trillion in 2023 to N21 trillion in 2024 and …

By – DataPro Ltd Lagos, July 7, 2026 – Economic development is often discussed in terms of infrastructure, industrialisation, innovation, and public policy. Yet behind each of these lies a common requirement: capital. Businesses need financing to expand production, governments require funding to build infrastructure, and entrepreneurs depend on investment to transform ideas into enterprises. The availability of capital, however, is only part of the equation. More important is investors’ and lenders’ willingness to commit to it. In financial markets, capital does not simply follow opportunity; it follows confidence. This …

Washington, July 7, 2026 – President Trump rang the opening bell on Monday from the Oval Office at an event to promote the new investment accounts bearing his name. Surrounded by Cabinet members, CEOs and a cluster of smiling kids, Trump rang a large gold bell on his desk, marking two firsts, according to the White House: the first time the Nasdaq and NYSE held a joint opening, and the first time the markets were opened from the Oval Office. “Our president is creating an ownership economy where all citizens …

Lagos, July 7, 2026 – The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Ghana Maritime Authority (GMA) have signed a Memorandum of Understanding (MoU) to strengthen bilateral maritime cooperation. The MoU is also to enhance regional maritime governance, and promote the sustainable development of the Blue Economy across West Africa. Speaking during the signing ceremony in Lagos, the Director General of NIMASA, Dr. Dayo Mobereola, expressed appreciation to Ghana for its support during Nigeria’s successful re-election to the International Maritime Organization (IMO) Category Council. Mobereola expressed optimism that …

Abuja, July 7, 2026 – The federal government has reduced import tariffs on used vehicles from 15 per cent to five per cent and on brand-new vehicles from 20 per cent to 10 per cent.  Adewale Adeniyi, the Comptroller-General of the Nigeria Customs Service (NCS), announced this on Monday when he appeared before the House of Representatives Committee on Customs and Excise to defend the service’s budget proposal for 2026. “We have the new excise tariff, which is provided in the 2026 fiscal policy. We believe that these measures will increase …

Washington, July 7, 2026 – Microsoft said on Monday it would cut 4,800 jobs, or ​about 2.1% of its global workforce, overhauling its Xbox gaming business and divesting up to five studios as it looks to ‌boost returns after years of heavy investment in the division. The restructuring of its gaming division will involve 3,200 job cuts, including laying off 1,600 employees on Monday. Despite spending tens of billions of dollars to expand Xbox, including its blockbuster acquisition of Activision Blizzard, Microsoft has struggled to narrow the gap with Sony’s PlayStation, …