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Saturday, August 1, 2026

Economy

August 1, 2026

Naira ends July weaker at official market, closes at N1,368.22 per dollar

Data from the Central Bank of Nigeria (CBN) showed that the local currency depreciated by N1.49, or 0.1 per cent, from N1,366.72 per dollar recorded on Thursday.

Naira and Dollar
July 31, 2026

NNPC records N535 billion June profit

The report said the total revenue for the month stood at N4.389 trillion. 

NNPCL
July 31, 2026

Stakeholders promote diaspora investment to deepen Nigeria-Saudi relations

Mrs Dabiri-Erewa said the first edition of the exhibition held in 2019.

Abike Dabiri-Erewa (Credit: X)
July 31, 2026

Group seeks end to compressed natural gas shortages in FCT

The group said persistent compressed natural gas shortages have resulted in long queues at filling stations across the FCT.

Fuel queue used to illustrate the story
July 31, 2026

FG rolls out plan to strengthen power supply

Mr Tegbe said priority projects include a nationwide technical audit of the transmission network and harmonisation of federal and state electricity regulations.

National Grid
July 31, 2026

Sanwo-Olu inaugurates integrated energy hub in Lagos

Mr Sanwo-Olu urged federal regulatory agencies and institutions in the energy sector to collaborate with state governments to enhance Nigeria’s transition to cleaner energy.

Babajide Sanwo-Olu
July 31, 2026

Customs issues guidelines for gas growth initiative

Customs said the implementation of the fiscal incentives aimed to support the federal government’s broader objectives of reducing transportation and energy costs.

CNG gas cylinders
July 31, 2026

Ban on sale of sachet alcoholic drinks remains, NAFDAC declares

NAFDAC has reaffirmed that there is no going back on the ban on small-volume alcoholic drinks in the country.

Sachet alcoholic drinks
July 31, 2026

FIFA to press ahead with Trump-linked World Cup investment plan despite European boycott

FIFA rejected the public sentiment that it is selling football, while stating that UEFA has no right to speak on behalf of other confederations.

Infantino holding World Cup with Trump
July 31, 2026

Microsoft shares record biggest one-day increase in value

Checks by Peoples Gazette showed that Microsoft’s cloud business generated $59.3 billion in revenue, a 27 per cent increase from the previous year.

Microsoft