Author: Ogochukwu Ndubuisi

The Nigerian naira closed relatively flat at N1,328 per US dollar in the foreign exchange market

The Ogun House of Assembly on Thursday passed the Medium-Term Expenditure Framework

Tinubu Pledges Policy Stability as Ogun Attracts $7bn Investment President Bola Tinubu has assured domestic and foreign investors of regulatory clarity, policy stability and a predictable business environment for long-term investments. Tinubu gave the assurance in Paris during the signing of Memoranda of Understanding between Ogun government and DP World. The agreements cover the Ogun State Blue Marine Special Economic Zone and Gateway Deep Seaport, with proposed investments exceeding $7 billion. This is contained in a statement issued by Mr Bayo Onanuga, Presidential Spokesperson, on Thursday in Abuja. The President said the agreements represented a convergence of vision, expertise, capital…

The Nigerian Exchange (NGX) key indicators jumped by 38 basis points …

NIPCO Targets Over $3bn Investment in LNG Project   ‌‍⁠‌‍‌⁠‍ ⁠‍‍ NIPCO Group has announced plans to develop a more than three billion-dollar Floating Liquefied Natural Gas (FLNG) project to boost gas monetisation and supply.  The Managing Director of NIPCO Gas Ltd., Mr Nagendra Verma, disclosed this while briefing newsmen on its plans to establish the FLNG project on Thursday in Abuja.  Verma said the proposed project would mark NIPCO Group’s entry into the Liquefied Natural Gas sector and reinforce its long-term commitment to the development.  According to him, the initiative will strengthen the company’s commitment to developing and…

The Supreme Court on Thursday upheld the appeal by the Independent National Electoral Commission (INEC) against a Court of Appeal

Early Win in Trump-Xi Summit as US-China Agree To Extend Tariff Truce  US President Donald Trump and Chinese President Xi Jinping met in Washington today, Wednesday, September 24, 2026, after both countries agreed to extend their existing trade truce. Xi arrived at Joint Base Andrews in Maryland on Wednesday evening for a three-day state visit, his first to Washington since 2015. In a rare diplomatic gesture, President Trump personally welcomed him on the tarmac with First Lady Melania Trump. The early breakthrough came as Xi landed. US Treasury Secretary Scott Bessent announced that Washington and Beijing had agreed to extend…

IMF Urges Fiscal Discipline, Trade Cooperation Amid Global Uncertainty   ‌‍⁠‌‍⁠⁠‌⁠ The International Monetary Fund (IMF) has called for stronger fiscal discipline, greater trade cooperation and sound regulation of digital finance as countries grapple with rising debt and economic uncertainty.  The IMF stated this in its 2026 Annual Report titled “Navigating a Precarious World”, released on Wednesday, highlighting mounting pressures from debt, geopolitical tensions and rapid financial technology changes. The report said the global economy was facing pressure from higher public debt, rising spending demands, disruptions to trade and energy supplies, and rapid changes in financial technology. It said…

Join APC if you want Tinubu’s victory – APC chieftain tells Wike  ‌‍⁠‌‍⁠⁠‌The All Progressives Congress (APC) chairman in Imo, Chief Austin Onyedebelu, has urged the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to formally join the party.  Onyedebelu said this during an interview with the News Agency of Nigeria in Abuja on Thursday.  He said if he genuinely wants to secure President Bola Tinubu’s re-election in 2027, he would not hesitate to join the president’s party.  A political rift has emerged between the Progressive Governors Forum (PGF), led by Gov. Hope Uzodimma of Imo, and the…

Oil prices rose on Thursday, driven by uncertainty over the reopening of the Strait of Hormuz and persistent security risks in the region.