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Fuel queues: FG begins intervention as oil marketers down tools

The Federal Government on Monday vowed to address the concerns of oil transporters and distributors to ensure smooth operation despite the high cost, especially in the maintenance of trucks used in the... Read more »
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Exchange rate falls to a record low of N2040/£1 and N1,712/$1 at the black market

The Naira experienced a sharp depreciation against the US dollar on February 19, 2024, reaching an intra-day high of N1,712. The domestic currency depreciated by 3.78% to close at N1,598.54 to a dollar at the... Read more »
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Forex Scarcity Shrinks Domestic Airlines’ Fleet By Over 50%

The Airline Operators of Nigeria (AON) have raised concerns about the industry’s existential threat, attributing it to difficulties in accessing foreign exchange for maintenance and other dollar-based activities. Handling companies, airports, and... Read more »
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Tinubu Complicates Air Transportation , Imposes 50% Tax on NCAA

In a bid to accumulate tax returns, Bola Ahmed Tinubu has issued a directive mandating all self-funded agencies, including the Nigeria Civil Aviation Authority (NCAA), to remit 50% of their revenue to... Read more »
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Tinubu Affirms Nigeria’s Readiness to Host African Central Bank

President Bola Tinubu has announced Nigeria’s preparedness to host the African Central Bank in alignment with the vision outlined in the Abuja Treaty. Speaking at the 37th Ordinary Session of the Assembly of Heads... Read more »
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Nigerian Breweries records N106 billion loss in 2023

Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss. Company Secretary,... Read more »
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CBN halts payment of PTA, BTA In Cash

The Central Bank of Nigeria (CBN) says it has stopped the payment of personal and business travel allowances (PTA/BTA) by banks in the country. This is part of the apex bank measure... Read more »
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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 »