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Dollar to Naira exchange rate today, July 7, 2026

Dollar to Naira exchange rate today, July 7, 2026

The Nigerian naira traded with mixed performance against the United States dollar on Tuesday, July 7, 2026, as the official Nigerian Foreign Exchange Market (NFEM) remained relatively stable while the parallel market recorded a slight weakening.

Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

By Rosemary Iwunze As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission, NAICOM, has stated that it will not re-license any company with outstanding claims.  In a letter to all Managing Director/CEOs of insurance companies, issued yesterday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing […]

FG incurs N358.3bn electricity subsidy in Q1 — NERC

FG incurs N358.3bn electricity subsidy in Q1 — NERC

By Obas Esiedesa, Abuja The Federal Government (FG) incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its […]

Beta Glass injects N1tr into economy in 10yrs, unveils new board

Beta Glass injects N1tr into economy in 10yrs, unveils new board

By Jimoh Babatunde Beta Glass Plc says it has contributed over N1 trillion to Nigeria’s economy in the last 10 years, reaffirming its commitment to expanding investments, sustainable manufacturing and shareholder value. At its 52nd Annual General Meeting in Lagos, shareholders approved key resolutions, including the reconstitution of the Board of Directors. According to an independent […]

Dangote, major marketers cut petrol depot prices as FG mounts pressure

Dangote, major marketers cut petrol depot prices as FG mounts pressure

•IPMAN targets sub-N800/litre By Udeme Akpan &  Obas Esiedesa Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers lowering depot prices for Premium Motor Spirit (PMS), popularly known as petrol, and diesel. This development comes at the backdrop of pressures from the Federal […]

Stretford Hill to sponsor NBA Lagos Law Week 2026

Stretford Hill to sponsor NBA Lagos Law Week 2026

By Ayo Onikoyi Stretford Hill Limited has reaffirmed its commitment to strengthening Nigeria’s institutions by sponsoring the 2026 Nigerian Bar Association (NBA) Lagos Branch Law Week as a Bronze Sponsor, saying strong legal and regulatory systems are essential for sustainable infrastructure development. The conference, themed “Lawyering in the Digital Age: Navigating Technology, Justice & Innovation,” […]

SnappyExchange urged to embrace technical skills

SnappyExchange urged to embrace technical skills

Founder of SnappyExchange and SnappyPay, Olaide Alim, has urged African startup founders to complement business vision with technical knowledge as the continent’s digital finance, e-commerce and technology sectors continue to expand. Alim said the fast-changing technology industry requires founders to understand the technical foundations of the products they build, enabling them to make informed decisions, […]

Mile 2-Apapa highway gridlock: Police, LASTMA, FRSC, others helpless

Mile 2-Apapa highway gridlock: Police, LASTMA, FRSC, others helpless

RESIDENTS, motorists and business owners along the Berger/Kirikiri corridor, yesterday, blamed the worsening traffic congestion on the Mile 2-Apapa expressway on the proliferation of container terminals in the area, saying the facilities have become the major source of the persistent gridlock.