Grey Bien, Author at BusinessTech Nigeria

Nigeria Should Deepen FX Derivatives Before the Next Market Shock, FMDQ CEO Zeal Akaraiwe Urges Naira Hedging Push

October 9, 2026 by Grey Bien

Zeal Akaraiwe, Managing Director and Chief Executive of FMDQ Group, has told regulators and market institutions to build deeper hedging markets now, while the naira is relatively steady, instead of waiting for another shock to force their hand.Nigeria’s foreign exchange market is calm, and the head of its biggest financial market infrastructure group thinks that … Read more

Vice President Shettima Says Nigeria Will Adopt Ethiopia’s Oromia Model for Mechanised Farming and Food Sovereignty

October 9, 2026 by Grey Bien

Nigeria’s vice president has returned from an Ethiopian farm tour with a clear message: the country wants to copy what Ethiopia has done with large-scale, machine-driven agriculture. Kashim Shettima led a Nigerian delegation through farms and agricultural facilities in Ethiopia’s Oromia Regional State on Thursday, October 8, as part of the Ethiopia-Nigeria Leadership Exchange. He … Read more

Central Bank(CBN) Governor Cardoso: Nigeria’s Net Foreign Reserves Hit Record $46 Billion as Gross Reserves Reach $55 Billion

October 9, 2026 by Grey Bien

Nigeria’s central bank has put a fresh number on how far the country’s external finances have recovered. Governor Olayemi Cardoso said on Thursday that net foreign reserves have climbed to $46 billion, while gross reserves have reached an all-time high of $55 billion. He made the disclosure at the Nigeria-Asia Connectivity Dialogue, and he linked … Read more

World Bank Nigeria Development Update: State Revenues Jump 93% in Real Terms, but Education’s Share of Spending Slips to 12.1%

October 9, 2026 by Grey Bien

Nigeria’s 36 states have never had so much money to spend, and the World Bank says they are not putting enough of it into classrooms. In its latest Nigeria Development Update, the bank reported that aggregate state revenue rose by about 93 percent in real terms between 2023 and 2025, while education’s share of total … Read more

Petrol Price in Nigeria: FG Launches 30-Day Discount at NNPC Stations With N1,350 Ceiling as Atiku, NDC and Labour Push Back

October 9, 2026 by Grey Bien

The federal government has announced a 30-day petrol discount at filling stations run by the Nigerian National Petroleum Company Limited (NNPC), and within hours the plan had become a political battleground. Finance Minister Taiwo Oyedele unveiled the measure at a press briefing in Abuja on Thursday, October 8. Opposition parties, labour unions and civil groups … Read more

Dollar to Naira Exchange Rate Today, October 9, 2026: Official Rate Near ₦1,390

October 9, 2026October 9, 2026 by Grey Bien

Dollar to Naira Exchange Rate Today, September 10, 2026: Naira Records First Depreciation Against US Dollar at Official Market as Black Market Rate Holds Steady

Dollar to Naira Exchange Rate Today: Official CBN and Black Market Rates If you are trying to work out how much a dollar is worth in naira on Friday, October 9, 2026, the short answer is that it depends on where you are buying or selling. The official rate is about ₦1,331 per dollar. On … Read more

Quote of the Day: “Never Apologize for Showing Feeling. When You Do So, You Apologize for the Truth” – Benjamin Disraeli

October 9, 2026 by Grey Bien

This quote is genuinely Disraeli’s. It comes from his 1832 novel Contarini Fleming, where the original line reads: “Never apologize for showing feeling, my friend. Remember that when you do so, you apologize for truth.” The shorter version that circulates online is a tidied-up paraphrase, and the meaning is identical. Disraeli went on to serve … Read more

Nvidia GPU Prices Then and Now: GeForce 8800 GTX at $599 in 2006 vs. RTX 5090 Near $5,000 in 2026

October 8, 2026 by Grey Bien

In November 2006, a PC gamer who wanted the fastest graphics card on sale could walk away with Nvidia’s GeForce 8800 GTX for $599. In October 2026, the fastest consumer card Nvidia sells, the GeForce RTX 5090, costs somewhere between roughly $4,300 and $5,000 in the United States, depending on the model and the retailer. … Read more

Oldest Samsung Phone Still Getting Software Updates in 2026: Which Galaxy Models Get Security Patches After One UI 9

October 8, 2026 by Grey Bien

Samsung phones have a reputation for lasting, but “still works” and “still supported” are not the same thing. A seven-year-old handset can run perfectly well and still be quietly collecting unpatched security holes. So which Galaxy models are actually receiving software support right now, and which one is the oldest on the list? As of … Read more

Firmus IPO Turmoil: Maas Group Shares Plunge 30% as Nvidia-Backed AI Data Centre Operator Weighs Price Cut Ahead of ASX Listing

October 8, 2026 by Grey Bien

Shares of the construction services company Maas Group fell about 30 percent on Thursday after reports that Firmus, the Nvidia-backed AI data centre operator in which it holds a 3.2 percent stake, may shrink its roughly US$5 billion initial public offering and lower its price. One of the biggest stock market debuts in Australian history … Read more