Business
Foreign Investors Shun Nigeria Over Megative Publicity Of Security Challenges, Gov Laments

Niger State Governor and Chairman, North Central States Governor’s Forum (NCSGF), Abubakar Sani Bello on Sunday, said that negative publicity on the security challenges in Nigeria has continued to hinder genuine businessmen’s effort to invest in the country.
In a statement on Sunday by Mary Noel-Berje, Chief Press Secretary to the Governor of Niger State, he stated that the negative publicity with regards to security challenges has affected many states in the country towards attracting foreign direct or even indirect investment
He added that those challenges are being successfully tackled at the moment by the federal and state governments.
According to him, Governor Sani Bello, who is attending a bilateral, economic, trade and investment forum in Istanbul, Turkey, disclosed that the Nigerian government has recorded significant progress in addressing the problems of insecurity stressing that, though it will take some time to end, it should not deter investors from coming to Nigeria.
“I know a few Turkish companies that are in Nigeria at the moment. They are doing their business and doing really well. So, I think there’s the need to build investors confidence with regards to the security challenges in Nigeria”, he added.
After meeting with lots of Turkish companies, the Governor stated that although many of them have shown enthusiasm and interest to work in Nigeria, most foreign companies lacked the courage to visit and do business in the country.
READ ALSO: UBA Publishes Names, Account Details Of Forex Defaulters
DAILY POST reports that the Governor in the statement applauded the organizers of the forum for what he described as a very timely event.
He however suggested that more Turkish companies and or their CEOs should be invited next time so that they are able to explain to the people in Turkey that Nigeria is not as bad as it’s been portrayed.
He said “There’s the urgent need to change the narrative and to mount aggressive image laundering campaigns to change the negative perception and impression of foreign investors towards our country. Every country of the world has its own peculiar challenges, but they are surmountable.
“I am glad we are able to attend the bilateral economic, trade and investment forum. We’ve met with lots of companies, including security companies as well. In my opinion, the event was timely and the organizers did a wonderful job”, he said.
Business
Naira Extends Appreciation Against US Dollar

The naira extended appreciation against the dollar at the official foreign exchange market on Wednesday.
The Central Bank of Nigeria’s data showed that the Naira further firmed up on Wednesday to N1,418.26 per dollar, up from N1,419.07 exchanged on Tuesday.
Wednesday’s uptrend represents a slight N0.80 gain against the dollar on a day-to-day basis.
READ ALSO:Naira Records Significant Appreciation Against US Dollar
Meanwhile, at the black market, the Naira remained unchanged against the dollar at N1,480 per dollar on Wednesday, the same rate recorded the previous day.
The development comes as Nigeria’s foreign reserves further rose to $45.62 billion as of January 6th, 2026.
Recall that on Tuesday, the Naira posted a N10.24 gain against the dollar.
Business
Naira Continues Gain Against US Dollar As Nigeria’s Foreign Reserves Climb To $45.57bn

The Naira appreciated further against the United States Dollar at the official foreign exchange market, beginning the week on a good note.
Central Bank of Nigeria data showed that the Naira strengthened on Monday to N1,429.31 per dollar, up from N1,430.85 exchanged on Friday, 2 January 2026.
This means that the Naira gained N1.56 against the dollar on Monday when compared to N1,430.85 last week Friday.
READ ALSO:Naira Records Significant Appreciation Against US Dollar
At the black market, the Naira dropped by N5 to N1480 per dollar on Monday, down from N1475 traded Friday.
The development comes as the country’s external reserves rose to $45.57 billion as of Friday last week.
Business
NNPCL Reduces Fuel Price Again

The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its premium motor spirit price.
In Abuja, on Monday morning, it was gathered that NNPCL retail outlets have reduced their fuel price to N815 per liter, down from N835.
This means that the NNPCL filling stations cut their price by N20.
The fresh price has been implemented at NNPCL filling stations in Wuse Zone 6 and 4 Abuja, Keffi-Abuja Road, and Kubwa Expressway.
READ ALSO:Fuel Price Cut: NNPCL GCEO Ojulari Reveals Biggest Beneficiaries
An NNPCL filling station attendant, who preferred anonymity, told DAILY POST that the new price was implemented on Sunday evening.
However, the N815 per liter is N79 higher than the N739 per liter sold at Dangote Refinery’s backed MRS filling stations nationwide.
DAILY POST recalls that NNPCL on December 19, 2025, cut its price of petrol by N80 to N835 amid a price war among players in the country’s oil downstream sector triggered by Dangote Refinery’s gantry price reduction to N699 per liter.
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