500 and 1000 naira notes

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 »
Fuel

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

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 »
NBS

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 »
IPMAN

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 »
CBN

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 »
Shell

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

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

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

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 »
NCCGLOMTN

Dissconnection put on hold as NCC Resolves MTN / GLO Tariff Imbroglio

Regulations Agency NCC have resolved the tariff imbroglio between MTN and Globacom  This was a statement issued by the NCC on the matter Re: PRE-DISCONNECTION NOTICE 1. On January 8, 2024 the... Read more »
Naira and Dollar 768x432 1

Naira in Peril: Manufacturers Brace for Storm as Prices Rises

In the wake of Nigeria’s persistently turbulent forex crisis, manufacturers are projecting imminent price hikes for commodities in response to the Naira’s continuous decline against the US dollar. Francis Meshioye, the President... Read more »
transport

Fuel Subsidy Removal: ‘We’ll Reduce Cost Of Transportation By 50%’ – FG

The Federal Government of Nigeria said it is working towards reducing the cost of transportation by over 50 per cent. The Minister of Information and National Orientation, Mohammed Idris said this when... Read more »
Dangote Refinery

Dangote Refinery Set To Deliver First Fuel In Weeks

Dangote Refinery is due to deliver its first fuel into the local market within weeks, four sources confirmed to Reuters, in a key milestone towards long sought energy independence for Nigeria. The... Read more »
cbn dollars

CBN Sells Dollars To Banks For First Time In 5 Months

The Central Bank of Nigeria (CBN) took its latest step towards stabilising the naira after selling almost $90 million in the spot FX market on Tuesday, its first sale of dollars in the... Read more »
Airtel Nigeria unveils

Airtel Nigeria unveils solution data bundle for exam success

A mobile telecommunications giant, Airtel Nigeria, in conjunction with Roducate, a digital education economy school platform has provided a learning app for students, educators and parents. The Airtel-Roducate Exam Success package provides... Read more »
Petrol

Petrol Landing Cost Hits N1000 Per litre On FX Crisis 

The landing cost of imported petrol has surpassed N1,000 per litre as the country’s foreign exchange crisis deepened, according to findings by BusinessDay. At the black-market rate of N1,500 per dollar, findings showed the... Read more »
CBN

NACCIMA to CBN: Prosecute those behind $2.4b fake FX claims

The President of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA), Otunba Oye, has called on the Central Bank of Nigeria (CBN), to immediately investigate and prosecute those... Read more »
access-bank

Herbert Wigwe: Board will announce acting CEO soon — Access Bank

The board of Access Holdings Plc is set to announce an acting Group Chief Executive Officer to succeed the late CEO, Herbert Wigwe, in the wake of his tragic passing. In a... Read more »
Ms. Bolaji Agbede

Access Holdings appoints Ms. Bolaji Agbede as Acting CEO

Access Holdings Plc has made a decisive move in leadership continuity by appointing Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This is in a swift response to the unexpected... Read more »