Naira Holds Steady Against Dollar The Nigerian naira maintained relative stability against the United States dollar on Tuesday, June 9, 2026. The local currency traded within a narrow range across both the official and parallel foreign exchange markets. Meanwhile, market participants continued to monitor liquidity levels and demand conditions. Official Market Records Stable Trading Data…
By ALO 360 Editorial Board The latest increase in the price of cooking gas should concern every Nigerian and alarm every government official. In many parts of the country, the price of cooking gas has reportedly risen from about N1,200 per kilogram to as much as N2,400. For households already grappling with petrol prices of…
Naira Maintains Stability at Official Market The Nigerian naira remained relatively stable against the United States dollar on Monday as traders monitored market conditions. Data from the Nigerian Foreign Exchange Market (NFEM) showed the currency trading at ₦1,357.26 per dollar. Notably, the exchange rate reflected a slight improvement from levels above ₦1,360 recorded earlier in…
EasyView Removed From DStv Website DStv’s most affordable subscription package, EasyView, has disappeared from the broadcaster’s official website. The development has triggered confusion among customers and industry observers. Many subscribers noticed that the package no longer appears in the “Get DStv” section. Subscription Options Reduced Visitors to the website now see only five available subscription…
The Impact of High-Quality Video and Fast Networks MTN Nigeria recently explained why many subscribers use more data than they expect. The company hosted a session for journalists and content creators in Lagos. Engineers addressed concerns about rapid data consumption during the event. They noted that high-quality video content significantly increases data use. Platforms like…
Strengthening Gulf Defense Systems The United States approved a $1.98 billion arms deal for Kuwait on Friday. The State Department announced the major sale in an official statement. Kuwait is a key non-NATO ally in the Middle East. This deal focuses specifically on advanced counter-drone technology. Defense company Anduril will provide the new systems. A…
Market Hits Lowest Level Since October 2024 Bitcoin dropped below the $60,000 mark on Friday. This decline represents its lowest valuation since October 2024. The digital currency fell by approximately 6 percent around 1615 GMT. It touched a low of $59,770.9 before paring some losses. This sudden volatility surprised many traders who expected continued growth….
Rising Costs Push NRC Toward Fare Review The Nigerian Railway Corporation (NRC) is considering an upward review of passenger and freight tariffs as rising operational costs continue to strain its finances. The proposed adjustment comes shortly after the Federal Government’s 50 per cent Eid-el-Kabir train fare discount expired. Authorities introduced the temporary measure to ease…
Manufacturers Back Policy Reforms The Manufacturers Association of Nigeria (MAN) has said recent government reforms could revive the manufacturing sector if authorities implement them effectively. The association highlighted key initiatives, including the Naira-for-Crude programme, the Nigeria Industrial Policy, withholding tax exemptions, expanded VAT deductibility on fixed assets and services, phased cuts in Companies Income Tax,…
Nigerian banks generated a total of N209.18bn from account maintenance charges in the first quarter of 2026. This represents a 14.07% rise compared to N183.37bn recorded in Q1 2025. The figures were drawn from unaudited financial statements of 11 listed banks. Overall fee and commission income also rose. It increased to N984.47bn in Q1 2026…
