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Naira Opens at ₦1,326.30 per Dollar Amidst Parallel Market Discrepancies
Business
15 SeptThe Abuja Times

Naira Opens at ₦1,326.30 per Dollar Amidst Parallel Market Discrepancies

On September 15, 2026, the Nigerian naira was valued at ₦1,326.30 against the dollar in the official market, while the parallel market saw rates ranging from ₦1,385 to ₦1,410. This ongoing disparity highlights the complexities of dollar access and demand in Nigeria's foreign exchange landscape.

Dangote Launches N2.2 Trillion IPO to Democratize Wealth Creation in Nigeria
Business
15 SeptThe Abuja Times

Dangote Launches N2.2 Trillion IPO to Democratize Wealth Creation in Nigeria

Alhaji Aliko Dangote announces the Initial Public Offering of Dangote Petroleum Refinery, aimed at empowering Nigerians and global investors to share in Africa's industrial growth. The N2.2 trillion offer is a significant milestone for Nigeria's capital market and economic development.

The Ransom Economy: Kidnappers Exploit Northern Nigeria's Families for Profit
News
15 SeptThe Abuja Times

The Ransom Economy: Kidnappers Exploit Northern Nigeria's Families for Profit

In Northern Nigeria, a burgeoning ransom economy has emerged, where kidnappers are capitalizing on the anguish of families, demanding payments in cash and goods. This disturbing trend highlights the urgent need for comprehensive security measures to protect vulnerable communities.

Nigeria Aims for $100 Billion in Tourism and Creative Economy with 'Ember To Remember 2026'
Business
15 SeptThe Abuja Times

Nigeria Aims for $100 Billion in Tourism and Creative Economy with 'Ember To Remember 2026'

The Federal Ministry of Art, Culture, Tourism and the Creative Economy has launched the 'Ember to Remember 2026' initiative, aiming to unlock Nigeria's vast potential in tourism and the creative sector. This 100-day national tourism season seeks to enhance GDP contributions, create jobs, and attract investments while positioning Nigeria favorably on the global stage.

Nigeria Sees Modest Increase in Oil Production for August
Business
14 SeptThe Abuja Times

Nigeria Sees Modest Increase in Oil Production for August

The Nigeria Upstream Petroleum Regulatory Commission has reported a 0.4% rise in crude oil output for August, reflecting a slight recovery in the nation's oil sector. This increase, although marginal, highlights ongoing efforts to stabilize production levels amid various challenges.

Assessing President Tinubu's Economic Reforms: A Historical Perspective
Business
14 SeptThe Abuja Times

Assessing President Tinubu's Economic Reforms: A Historical Perspective

In a bold assertion, economic analyst 'Tope Fasua claims that President Bola Ahmed Tinubu has successfully addressed over half of Nigeria's economic challenges within a three-year tenure. This examination delves into Nigeria's economic history to unveil the complexities and implications of these reforms.

Investment Platforms Face Disruptions Amid Dangote Refinery IPO Surge
Business
14 SeptThe Abuja Times

Investment Platforms Face Disruptions Amid Dangote Refinery IPO Surge

Bamboo and Cowrywise experienced significant service interruptions as a result of the overwhelming traffic from investors eager to subscribe to the Dangote Refinery IPO. Both platforms confirmed the disruptions via social media, highlighting the IPO's impact on digital trading services.

Economic Leadership or Club Management? A Critical Look at Nigeria's Economic Advisers
News
14 SeptThe Abuja Times

Economic Leadership or Club Management? A Critical Look at Nigeria's Economic Advisers

A recent televised interview with an economic adviser to President Tinubu has raised eyebrows regarding the government's approach to economic data and policy. As Nigeria approaches a critical election period, the implications of such dismissals underscore a troubling trend in the management of the nation's economy.

Dangote Refinery IPO Attracts Billions in Minutes, Investors Eager to Join
Business
14 SeptThe Abuja Times

Dangote Refinery IPO Attracts Billions in Minutes, Investors Eager to Join

The initial public offering (IPO) of Dangote Refinery has sparked a remarkable surge in investment, with billions of naira subscribed within minutes of its launch. This unprecedented interest underscores the market's confidence in the refinery's potential impact on Nigeria's economy.

Zenith Bank Facilitates Easy Subscription to Dangote Refinery Shares
Business
13 SeptThe Abuja Times

Zenith Bank Facilitates Easy Subscription to Dangote Refinery Shares

Zenith Bank has launched multiple convenient channels for investors to subscribe to shares of the Dangote Refinery, enhancing accessibility for potential shareholders across Nigeria. The services are available through the bank's website, mobile app, and various other platforms.

Nigeria and China Strengthen Tourism Ties to Boost Chinese Visitor Influx
Lifestyle & Culture
13 SeptThe Abuja Times

Nigeria and China Strengthen Tourism Ties to Boost Chinese Visitor Influx

Nigeria's National Tourism Development Authority (NTDA) is advocating for a structured tourism programme to enhance cooperation with China, aiming to attract more Chinese tourists to Nigeria. This initiative highlights the growing partnership between the two countries in the tourism sector.

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