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NGX: Stable Policy & Currency Drive $1T Economy

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NGX: Stable Policy & Currency Drive $1T Economy

The Nigerian Exchange Group (NGX) has identified policy inconsistency and currency volatility as major obstacles to the Federal Government’s plan for a $1 trillion economy by 2030.

Speaking with our correspondent on Tuesday, NGX Chairman Dr. Umaru Kwairanga urged structural reforms, coordinated policies, and collaboration between the public and private sectors to overcome these challenges.

“One recurring issue that may pose a serious threat to actualising the $1 trillion economy is policy somersaults by the government,” Kwairanga said.

He warned that shifting government directives create uncertainty, making it difficult for stakeholders to plan toward such an ambitious target.

“In this particular case, I strongly believe the Tinubu administration is serious and committed to the target and this has been demonstrated by some very difficult decisions that it has had the courage to take. However, it needs to go beyond that by setting up a structure that will directly be in charge of moving the country towards the 2030 target.”

He recommended forming a dedicated body led by technocrats drawn from both the public and private sectors, operating independently of the traditional civil service framework.

Kwairanga also highlighted the adverse impact of recent naira devaluations. “Another challenge is the value of the country’s currency. It could be recalled that we were more than halfway to a trillion dollar Gross Domestic Product a few years ago but recent devaluations have reduced the GDP in dollar terms by more than half,” he noted.

He expressed cautious optimism that the naira has begun to stabilise and may even appreciate as economic rescue measures take hold.

Looking abroad, he pointed to the risk of a global trade war spurred by U.S. tariffs. “This could dampen growth in the short to medium term globally and affect the Nigerian economy too,” he said. “The solution I think is to monitor developments closely in order to take appropriate action to mitigate any risks that might arise.”

Dr. Kwairanga emphasized that Nigeria’s capital market can drive economic transformation.

“At NGX Group, we remain committed to enabling innovation, transparency, and access. With the right policy backing, investor engagement, and collaborative resolve, the capital market will be pivotal in propelling Nigeria toward its $1 trillion economic ambition,” he said.

As policymakers and market stakeholders deliberate on the path forward, the NGX calls for a unified approach to ensure Nigeria’s economic trajectory remains on course.

Politicsnigeria.com

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Nigeria Strengthens Maritime Leadership as Fadahunsi Emerges Vice Chairman of Eastern Atlantic Hydrographic Commission

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The Hydrographer of the Federation and Chief Executive Officer of the National Hydrographic Agency (NHA), Rear Admiral OO Fadahunsi, has been elected Vice Chairman of the Eastern Atlantic Hydrographic Commission (EAtHC) for the 2026–2028 term, further reinforcing Nigeria’s growing influence in regional and global maritime governance.

Rear Admiral Fadahunsi’s election was confirmed on Friday, 3 July 2026, during the ongoing EAtHC Conference in Abidjan, Côte d’Ivoire, where member states endorsed his emergence to one of the commission’s most strategic leadership positions.

Established on 26 November 1984 under the auspices of the International Hydrographic Organization (IHO), the Eastern Atlantic Hydrographic Commission was founded by France, Nigeria, Portugal and Spain. Over the past four decades, the commission has expanded significantly, comprising 11 member states, 10 associate members and six observers committed to promoting hydrographic excellence across the Eastern Atlantic region.

The commission plays a pivotal role in advancing hydrography, nautical cartography and maritime safety through capacity-building initiatives, the development and implementation of International (INT) Charts and Electronic Navigational Chart (ENC) schemes, improved hydrographic surveys, enhanced charting standards, effective dissemination of nautical information and sustained advocacy on the importance of hydrography to regional maritime development.

Since its inaugural conference in Paris, France, in April 1986, the EAtHC has convened biennially to strengthen collaboration among member states and chart the future of hydrographic development.

In another significant endorsement of Nigeria’s expanding maritime profile, the country has been selected to host the next EAtHC Conference in June 2028. Nigeria will also host the 25th Meeting of the Capacity Building Sub-Committee (CBSC25) and the 19th Meeting of the Inter-Regional Coordination Committee (IRCC19) in June 2027, positioning the country at the centre of major international hydrographic engagements.

Rear Admiral Fadahunsi’s election is widely regarded as a testament to Nigeria’s sustained investment in hydrographic development, maritime safety and regional cooperation. It also reflects growing international confidence in the National Hydrographic Agency’s contributions to safer navigation, marine resource management and the blue economy.

As Nigeria prepares to welcome leading hydrographers, maritime regulators and technical experts from across the world over the next two years, the country is poised to consolidate its reputation as a key driver of hydrographic innovation and maritime security in the Eastern Atlantic region.

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Canada Publishes 2 Official Websites to Find Jobs, Says Over 2,000 Vacancies Are Posted Daily 

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Canada has made it easier for unemployed individuals and foreigners who wish to live and work in the country to find jobs that can help them live comfortably and meet their basic responsibilities.

On the official Canadian government website, two links are provided to websites where job seekers can find available jobs in Canada

According to the Canadian government website, applicants who apply for jobs through these platforms can get hired by different companies, as more than 2,000 jobs are posted every day.

Aside from these two websites, the Canadian government explains that individuals can also use employment agencies to help them find jobs that match their skills.

A job seeker can also ask friends or family members if there are job openings or vacancies, as not all positions are advertised on these websites.

1. Job Bank

The Canadian government explains that thousands of jobs are advertised on this platform every day by organisations and companies. The link to access the website can be found in the detailed post published on the Canadian government website.

2. Jobs GC

Another website where foreigners who wish to work in Canada or Canadian citizens can find government jobs is the Jobs GC website. Federal public service jobs are advertised on the website, alongside several other opportunities that may match an applicant’s skills.

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BREAKING: Marketers Increase Fuel Prices Nationwide, as US-Iran War Escalates,  New Rates Emerge 

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Fresh petrol prices have emerged across major depots in Nigeria as marketers adjusted rates upward in response to growing uncertainty in the global oil market following renewed hostilities in the Middle East.

The latest pricing released shows that several depot operators have increased the ex-depot cost of Premium Motor Spirit (PMS), popularly known as petrol, amid concerns that escalating tensions between the United States and Iran could disrupt global crude oil supplies.

Industry observers say the adjustments are largely precautionary, with marketers seeking to cushion the impact of any sharp rise in international crude prices should the crisis worsen.

The fresh increase comes after tensions flared in the Gulf region, with Iran announcing the closure of the strategic Strait of Hormuz following the expiration of its ceasefire arrangement with the United States.

According to reports, Tehran accused a commercial vessel of violating its maritime regulations and carrying out hostile activities, prompting the Islamic Revolutionary Guard Corps (IRGC) to intercept and strike the ship.

The IRGC said the vessel had travelled through an “unapproved route” and had switched off its tracking systems, adding that the Strait of Hormuz would remain closed “until further notice” and until what it described as the end of US interference in the region.

In response, the United States Central Command (CENTCOM) confirmed carrying out military strikes on more than 140 Iranian military targets, including missile launch sites, drone facilities, naval assets, ammunition depots and surveillance infrastructure. Washington said the operation was aimed at protecting civilian and commercial shipping through the strategic waterway.

The latest developments have heightened fears of disruptions to global oil exports, with the Strait of Hormuz serving as one of the world’s busiest energy transit routes.

Data from PetroleumPriceNG indicates that depot petrol prices increased by an average of 0.46 per cent compared to previous rates.

The fresh adjustments signal a departure from the previous benchmark of around N1,075 per litre at several depots.

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