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Diaspora remittances stabilises at $21.8bn in 2025 amid global pressures 

•Sub-Saharan Africa remains  most expensive By  Babajide Komolafe Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard analysis of  data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin for fourth quarter 2025, Q4’25, showed […]

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Sugar industry key to addressing unemployment, insecurity — NSDC boss 

The Executive Secretary/CEO of the National Sugar Development Council, NSDC, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address unemployment, insecurity and rural community underdevelopment by creating massive jobs and attracting investments to rural communities. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service, NCS, […]

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Naira depreciates to N1,395/$ in parallel market

By Elizabeth Adegbesan The  Naira yesterday depreciated to N1,395 per dollar in the parallel market from N1,390 per dollar last Friday. Likewise, the local currency depreciated to N1,373.5 per dollar in the Nigerian Foreign Exchange Market,  NFEM . Data  from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the market […]

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