Category: Business
Naira To Dollar Exchange Rate Today, July 6, 2026
Data from the official exchange rate window on Monday showed the dollar exchanging at approximately ₦1,370.33/$ at the Nigerian Foreign Exchange Market. A man exchanges Nigeria’s currency Naira for US dollars in Lagos, Nigeria (Photo by PIUS UTOMI EKPEI – AFP) The Nigerian naira traded around ₦1,370.33 against the United States dollar at the official…
Nigeria Boosts Crude Output In May, June
The country’s output increased by 42,000 barrels per day in May to 1,530 million barrels in May, from 1,489 million barrels in April. A graphic illustration of barrels of crude oil Nigeria’s crude oil production in May and June, according to data published by the Organisation of the Petroleum Exporting Countries (OPEC) and a survey…
OPEC+ Approves Oil Increase By 188,000 b/d From August
The increase adds to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports. OPEC+ has agreed to a further increase in output targets by 188,000 barrels per day from August, the group said in a statement on Sunday. The increase adds…
Oil Slips, Markets Mixed As Tech Recovery Stutters
Tankers continued to pass through the Strait of Hormuz with optimism over US-Iran peace talks. A graphic illustration of barrels of crude oil Crude prices extended losses Monday after OPEC+ agreed to further increase its output targets from August, while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global…
World Bank confirms Anambra did not apply for 2024 HOPE-Governance loan
The World Bank has confirmed that Anambra State did not express interest in participating in its 2024 HOPE-Governance Programme, contrary to reports alleging that the state was denied the loan facility for failing to meet performance benchmarks. According to the World Bank’s Implementation Status and Results Report on Nigeria HOPE-Governance (P181476), dated July 7, 2025,…
TCN Announces Planned Outage At FCT Transmission Substation Due To Maintenance
The scheduled maintenance is to enable TCN’s maintenance crew to carry out preventive maintenance on the 100MVA 132/33kV Power Transformer (TR1), its auxiliaries, and associated switchgear in the substation. A statement by the General Manager, Public Affairs, Ndidi Mbah, on Friday, noted that the outage begins on Saturday, 4th July 2026, from 9:00 am to…
FG, Jigawa Govt Sign MOU For 7MW To Power Industrial Clusters
The MoU, which was signed at the Jigawa Investment Summit (J-Invest 2026), will power a multi-state PPP initiative comprising seven Agro-Industrial Clusters across Jigawa, Taraba, Kaduna, Kebbi, Ekiti, Osun, and Ebonyi states. L-R: Managing Director of the Rural Electrification Agency (REA), Dr Abba Aliyu exchanging pleasantries with the Jigawa State Governor, Dr Umar Namadi on…
Ododo Orders Clampdown On Tax-Evading Miners
Kogi State Governor, Alhaji Ahmed Usman Ododo, has ordered a clampdown on tax-evading miners whose overloaded trucks have damaged the recently constructed GYB Junction–Zango–Zone […] FILE: Governor of Kogi State, Usman Ododo Kogi State Governor, Alhaji Ahmed Usman Ododo, has ordered a clampdown on tax-evading miners whose overloaded trucks have damaged the recently constructed…
Benue Govt Sets August Operation Target For Taraku Mills Agric Factory
Taraku Mills, established in 1989, was Benue’s biggest processing factory, with product lines ranging from vegetable oil, feeds, and other agro-allied products. Benue State (a state in the North-Central region) The Benue State Government has set August 2026 for the processing of Soya vegetable oil, feeds, and manure as revitalisation work on Taraku Mills, which…
India Asks Meta To Hold WhatsApp Username Rollout Over Fraud Fears
The move comes as authorities in India grapple with a spike in cybercrime, with scammers exploiting low digital safety awareness among millions of internet users. This illustration photo taken in Los Angeles on October 28, 2021, shows a person using Facebook on a smartphone in front of a computer screen showing the META logo. –…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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