Business
We Are Here to Shape our Tomorrow Today – President Tinubu
President Bola Ahmed Tinubu has on Wednesday declared that his administration would leverage digital technology to create Nigeria’s desired socio-economic progress that is necessary to transform society.
Receiving in audience a delegation from Google (West Africa) led by its Director, Olumide Balogun, the President noted that his administration is determined to use education and technology to improve the lives of its citizens, affirming that education is central to uplifting Nigerians.

“We are here to shape our tomorrow, today, and I’m going to do it. Our youths represent over 65% of the yearning development age in Nigeria.
“We take education very seriously, and that is the foremost tool we have against poverty.

“The digital economy and telecommunications represent the future, and we are determined to promote it.
“Your partnership with us to make it a serious development in our economic programme is what is desirable. Our youths have the skills, they are brilliant, and they are good people,” President Tinubu further stated.
He called on Google to partner with the government on the use of data in the public sector to enhance service delivery.

“We have been evaluating different proposals on database development, and you have critical information that can equally help the poor leverage on the use of data.
“The authentication of transaction integrity across the country to service over 200 million people is not a joke,” the President posited.
Toward the realization of great progress in the sector, President Tinubu declared that he is bringing more young people into the administration to further drive his transformative efforts and called on Google to ‘come on board’ as a frontline partner in development.
The President stated that the prospective use cases emanating from the emergence of Artificial Intelligence (AI) and Quantum Computing must be harnessed, even as he emphasized that development is achieved in stages.
“Let me have breakfast before dinner,” the President quipped.
In his remarks, the Director of Google West Africa, Mr. Olumide Balogun informed President Tinubu that the delegation came to Nigeria to reassure the government that the company is committed to supporting its laudable efforts through the deployment of modern digital technology.
The Google Regional Director told the President that the deployment of data technology enhances the efficiency and productivity of businesses with a commitment that Google will give Nigeria a N1.2 billion grant as well as train 20,000 women and children with requisite skills to establish new digital tech job opportunities, which the economy urgently needs.
Business
Naira Exchange Rates Thursday, 5 Nov 2026
BLACK/ PARALLEL MARKET RATES
₦1400DOLLAR (USD)
₦1830POUND (GBP)
₦1515 EURO (EUR)
₦950 CANADIAN DOLLAR (CAD)
₦70 SOUTH AFRICAN RAND (ZAR)
₦350 UAE DIRHAM (AED
₦190 Chinese YUAN (CNY)
₦100 Ghanaian CEDI (GHS)
West African CFA ₦2240 (XOF)
Central African CFA ₦2180 (XAF)
₦820 Australian Dollar AUSSIE (AUD)
Business
NNPCL wants to sell 10% equity via IPO on NGX, LSE
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.
The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.
The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.
The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.
Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.
Business
Naira Exchange Rates Wednesday, 4 Nov 2026
BLACK/PARALLEL MARKET RATES
1390DOLLAR (US
₦1835POUND (GBP)
₦1510EURO (EUR
₦970 CANADIAN DOLLAR (CAD)
₦65 SOUTH AFRICAN RAND (ZAR)
₦350 UAE DIRHAM (AED)
₦190 CHINESE YUAN (CNY)
₦100 GHANAIAN CEDI (GHS)
₦2300 West African CFA F.(XOF)
₦2200 Central African CFA F.(XAF)
₦850 Australian Dollar AUSSIE (AUD)
OFFICIAL CBN EXCHANGE RATES
DOLLAR (USD)₦1346.93
POUND (GBP)₦1807.72
EURO (EUR)₦1512.26
SWISS FRANC (CHF)₦1644.21
JAPANESE YEN (JPN)₦8.52
West African CFA FRANC (XOF)₦2.30
WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1825.03
CHINESE YUAN (CNY)₦201.92
SAUDI RIYAL (SAR)₦359.15
SOUTH AFRICAN RAND (ZAR)₦81.37
-
Business2 days agoNaira Exchange Rates Wednesday, 4 Nov 2026
-
Business2 days agoNNPCL wants to sell 10% equity via IPO on NGX, LSE
-
Business2 days agoMTN migrates MoMo Customers to Alipay+ platform
-
Business2 days agoNaira Exchange Rates 3 November,2026
-
News1 day agoSanusi: Critics Are Not Enemies Of The Govt
-
Politics23 hours ago2027 Elections Campaign: NDC Reacts To Today’s Attack On Peter Obi in Cross River
-
International1 day agoDemocrats Win US midterm elections
-
Sports2 days agoBoxer Stabs To Death in Ibadan street fight
