The naira appreciated against the dollar in both the official and parallel foreign exchange markets on Thursday. According to data from the Central Bank of Nigeria, CBN, the naira closed at N1,532... Read more »

The cost of importing petrol into Nigeria has decreased to N900.28 per litre, reflecting a reduction from last week’s N936.75 per litre. This marks a 3.62% drop as reported by energy marketers.... Read more »

The exchange rate between the naira and the dollar has fallen back to approximately N1,745/$1 on the parallel market, marking a sharp reversal from the sub-N1,600 levels recorded late last week. As... Read more »

OPay, your favorite financial app, has been awarded the prestigious IFIC Award for Financial Inclusion Innovation by the Central Bank of Nigeria (CBN)! This recognition highlights OPay’s commitment to providing secure, accessible,... Read more »

In a continuation of the Central Bank of Nigeria’s (CBN) increased scrutiny of fintech startups, two of the country’s most prominent unicorns, Moniepoint and OPay, were fined ₦1 billion each in the... Read more »

The naira strengthened to N1,600 per dollar at the parallel market on Friday, marking a 6.7% appreciation from N1,715/$ recorded on December 5. Bureau de change operators in Lagos quoted the dollar’s... Read more »

The Nigerian National Petroleum Company Limited (NNPC) has marked a significant milestone with the sale of its first cargo of low-sulfur straight-run fuel oil (LSSR) from the Port Harcourt Refinery. This initial... Read more »

Netflix has decided to abandon the Nigerian market as the country’s economy records further collapse with recent inflation data from the National Bureau of Statistics, Peoples Gazette can report. Officials at the... Read more »

The Nigeria National Petroleum Company Limited, NNPCL, says the Port Harcourt Refining Company, PHRC, has not yet begun bulk sales, stating that essential processes are still being finalized. The Chief Corporate Communications... Read more »