Naira Crashes To All-Time Low, Hits N1043.09/$1 At Official Market

The Naira experienced a significant depreciation, reaching its lowest point in recent times, with an exchange rate of N1,043.09 to the dollar in the official foreign exchange market on Thursday. This is... Read more »

Oil Marketers Peg Petrol At N1,200 Per Litre

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again over the removal of subsidy on petrol.  ... Read more »

Dollar To Naira Exchange Rate Today

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1215 and sell at N1220 on Tuesday 2nd January 2024, according to sources... Read more »

Local rice price rise 73% in 12 months – NBS

The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year. This happened despite... Read more »

Most marketers can’t afford petrol trucks – IPMAN

The Independent Petroleum Marketers Association of Nigeria has said that its members cannot afford to purchase 45,000 litres of petrol due to the removal of fuel subsidy by President Bola Tinubu. A... Read more »

Uproar as CBN announces Abuja office decongestion affecting 1,533 staff

There is a growing concern among workers as the Central Bank of Nigeria, CBN, commenced the decongestion of its head office in Abuja, affecting 1,533 staff. A circular dated January 12, 2024,... Read more »

BREAKING: Shell Exits Nigeria Onshore Oil, Sell Aset At  $1.3 Billion

Shell Plc has reached an agreement to sell its Nigerian onshore oil assets to a local consortium for over $1.3 billion, pending government approval. Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich,... Read more »

Vodafone, Microsoft signs $1.5 billion deal to boost AI, cloud adoption in Africa

Telecommunications Group, Vodafone, has signed a deal with Microsoft involving a $1.5 billion investment in AI and cloud services to boost adoption in Africa. In the deal announced on Tuesday, Vodafone will... Read more »

Dollar To Naira Exchange Rate Today

The naira yesterday fell to N1,350 per dollar in the parallel market from N1,295 per dollar on Tuesday.However, the naira depreciated to N931.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM).... Read more »

CBN Initiates Legal Actions Against Forex Defaulters

The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters nationwide following an independent forensic review conducted by a reputable firm to investigate forex exchange issues in the... Read more »