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Business · Vanguard ·Dollar to Naira exchange rate today, April 30, 2026
The official report for April 30, 2026, provides current information regarding the exchange rate of the United States Dollar against the Nigerian Naira. This update tracks the performance of the local currency in the foreign exchange market, offering essential data for business stakeholders and individuals involved in international trade and financial transactions.
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Business · Vanguard ·Nigeria infrastructure spend to hit $40bn by 2050 — PwC
Professional services firm PwC predicts that Nigeria's annual investment in infrastructure will grow significantly, reaching approximately $40 billion by 2050. This projection underscores the country's long-term development goals and the anticipated scale of capital expenditure required to modernize its transportation, energy, and utility sectors over the next few decades.
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Business · Premium Times ·Alake calls for united African front to capture greater value from global mineral economy
Nigeria's Minister of Solid Minerals Development, Dele Alake, has advocated for a unified African approach to managing the continent's natural resources. The minister emphasized that collective action among African nations is necessary to secure a larger share of value and influence within the global mineral economy and international trade markets.
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Business · Channels TV ·French Economy Records Zero Growth In Q1
The French economy experienced stagnation during the first quarter of the year, reporting zero growth. This economic performance indicates a period of relative inactivity for the nation's financial output during the initial three months. Such figures are often monitored as key indicators of broader European economic trends and fiscal stability.
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Business · PM News ·
FG moves to boost turnout in pension verification drive
The Federal Government has initiated measures to increase participation in its ongoing pension verification exercise. This move aims to ensure that more retirees complete the necessary documentation to secure their benefits while improving the efficiency of the national pension administration system across the country.
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Business · Nairametrics ·
Brent crude surges past $126 as Trump weighs fresh military strikes on Iran
Brent crude oil prices have exceeded $126 per barrel following reports that United States President Donald Trump is considering new military actions against Iran. This price spike reflects growing geopolitical tensions in the Middle East and highlights potential supply disruptions that could impact global energy markets and international trade stability.
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Business · Nairametrics ·
Zichis to seek shareholders’ approval for capital raise at 1st AGM after listing
Zichis is set to seek approval from its shareholders for a capital raise during its first Annual General Meeting since listing. This move follows the company’s recent transition to the public market and is intended to provide the firm with the necessary funding to support its ongoing corporate objectives and financial growth.
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Business · Daily Trust ·
Abuja–Kaduna rail trip: NIPR delegates call for increased investment in rail
Delegates from the Nigerian Institute of Public Relations have advocated for more financial resources to be allocated to the country's rail infrastructure. This request followed their experience traveling on the Abuja–Kaduna train service, highlighting the potential for improved transportation and economic connectivity through sustained government and private sector support for the railway system.
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Business · Daily Trust ·
NNPCL, NRS, 21 others get nod to generate 1,182.98MW electricity in 2025
The Nigerian National Petroleum Company Limited and twenty-two other entities have received approval to generate 1,182.98 megawatts of electricity in 2025. This regulatory clearance marks a significant step in enhancing Nigeria's power generation capacity through a mix of public and private sector participation in the energy industry.
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Business · Daily Trust ·
NAHCO revenue soars to N65bn in 2025
The Nigerian Aviation Handling Company PLC reported a significant increase in its annual revenue, reaching N65 billion in 2025. This growth reflects the company’s performance within the aviation services sector, marking a substantial milestone in its financial trajectory and operational scale for the fiscal year.
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Business · Daily Trust ·
NRC holds promotion exam for staff
The Nigerian Railway Corporation has conducted promotion examinations for its staff members as part of its internal human resource management process. This initiative is designed to evaluate employee performance and facilitate career progression within the agency, ensuring that vacant positions are filled by qualified personnel according to civil service regulations.
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Business · The Punch ·EFCC witness alleges irregularities in Arik Air loan transaction
A witness presented by the Economic and Financial Crimes Commission has detailed alleged discrepancies in a loan transaction involving Arik Air. The testimony, delivered during an ongoing legal proceeding, points to procedural irregularities in the airline's financial dealings which are currently being scrutinized by the anti-graft agency.
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Business · The Punch ·
OPEC weakened by UAE exit, analysts warn FG
Economic analysts have cautioned the Federal Government that the exit of the United Arab Emirates from OPEC may significantly diminish the organization's global influence. This development suggests a potential shift in international oil market stability, prompting calls for Nigeria to evaluate its strategic interests and production policies within the cartel.
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Business · BusinessDay ·Nigeria’s New Remittance Discipline and the Hard Work of Rebuilding Trust
Nigeria is implementing new regulatory measures to manage foreign remittances more effectively while working to restore confidence in its financial systems. The initiative focuses on formalizing exchange channels and improving transparency to attract diaspora funds, representing a strategic shift in the nation's approach to international financial management and economic stability.
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Business · BusinessDay ·Nigeria must tackle cost of living to make wage reforms effective – NECA DG
The Director-General of the Nigeria Employers' Consultative Association has stated that addressing the high cost of living is essential for the success of ongoing wage reforms. He emphasized that government efforts to improve salaries must be accompanied by measures to control inflation and protect the purchasing power of workers.
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Business · Daily Trust ·
NGX Group shareholders approve N2.00 per share dividend
Shareholders of the Nigerian Exchange Group have approved a final dividend payment of two naira per share for the financial year. The decision was reached during the company's annual general meeting, reflecting the board's commitment to returning value to investors following its recent financial performance in the Nigerian capital market.
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Business · Daily Trust ·
Ethnic groups push for trust, stability as key to economic growth
Various Nigerian ethnic organizations are advocating for national stability and mutual trust as fundamental requirements for driving economic growth. These groups emphasize that a peaceful and united environment is necessary to attract investment and foster sustainable development across the country’s diverse regions and sectors.
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Business · Daily Trust ·
Greenplinth, Allgreen Energy target 24m clean cookstoves by July
Greenplinth and Allgreen Energy aim to deploy 24 million clean cookstoves across Nigeria by July. This initiative focuses on promoting environmentally friendly cooking solutions to reduce carbon emissions and improve public health outcomes associated with traditional cooking methods in the country.
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Business · The Punch ·
Company pledges community-driven services at awards ceremony
An organization recently reaffirmed its commitment to providing community-driven services during a corporate awards ceremony. The firm highlighted its focus on social responsibility and the importance of tailoring its operations to meet the specific needs of local populations as part of its ongoing growth strategy.
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Business · The Punch ·
Forum wants Tinubu to extend Warri–Itakpe–Ujevwu rail corridor
A forum has appealed to President Bola Tinubu to authorize the extension of the Warri–Itakpe–Ujevwu rail corridor. The group advocates for the expansion of the rail network to improve regional connectivity and support economic activities, calling on the federal government to prioritize the development of this critical transportation infrastructure.
Nigerian News
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