Fakoyejo Olalekan

Naira Ends Week With Marginal Gain Against Dollar

Naira Slumps In Black Market, Dollar, Euro, Pound Rates Rise

The rates for the dollar, euro and pound sterling were increased in the Bureau De Change window of the black market on Tuesday. It was gathered that the naira exchanged for the dollar at N753.4/$1, with the rate up by 1.2% or

June 7, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Stock Market Investors Pocket N126.38 billion, Equity Cap Up 0.41%

Investors in Eterna, ETranzact and others on the gainers’ list made N126.38 billion at the end of trading on Tuesday, as the stock market capitalisation rose by 0.41 per cent, increasing from N30.38 trillion to N30.51 trillion. Also, the All-Share Index hit 56,038.85

June 6, 2023

REVEALED: Why UK, EU Countries, Others Reject Food, Drug Exports From Nigeria

Business

NBS Reveals Top Five Exporting, Importing Countries For Nigerians

The National Bureau of Statistics (NBS) has revealed the top five exporting countries for Nigerians in the first quarter (Q1) of 2023. In a foreign trade report, NBS stated that the Netherlands, the United States of America, Spain, France and India are

June 6, 2023

Business·Oil & Gas

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

KPMG Nigeria has revealed that the removal of fuel subsidy by President Bola Tinubu has led to the price of petrol rising in Benin Republic. According to the financial consulting firm in its report; “Removing Fuel Subsidies in Nigeria,” the cost of

June 6, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

Oil marketers in Nigeria have revealed the reason importing fuel alongside the Nigerian National Petroleum Company (NNPC) Limited might be impossible. It was stated that their inability to source foreign exchange with the official rate could have dire consequences on private companies

June 6, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Dollar Rate Static In Official Market Since Report Of CBN Devaluing Naira

The FMDQ Exchange, the official market foreign exchange aggregator, disclosed that the dollar rate closed flat on Monday, June 5. According to data from FMDQ, the foreign exchange rate between the naira and the dollar settled at N464.67/$1, as the rate stabilises

June 6, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Nigerian Stock Market Records N19.84bn Share Transactions, Equity Cap Falls

Nigerian bourse fell by N7.50 billion or 0.02 per cent in value to N30.38 trillion after Monday’s session, slightly from Friday’s N30.39 trillion market capitalisation. The All-Share Index depreciated by 13.79 basis points from 55,820.5 ASI to 55,806.71 ASI. On the exchange floor,

June 5, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Rate Rises In Black Market, Naira Gains Against Pound, Euro

On Monday, June 5, the average dollar rate in the black market was N743.9/$1 before noon, trading higher than the N743.3/$1 rate reported last week Friday. However, the pound sterling traded downward, as the naira appreciated to N937.2/£1, in contrast to the N946.1/£1

June 5, 2023

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Business

Foreign Airlines To Meet With Tinubu’s Gov’t Over $812.2m Trapped Funds

The Regional Vice President of Africa and Middle East for the International Air Transport Association (IATA), Kamil Alawadhi, has disclosed that foreign airlines will meet with President Bola Tinubu’s representatives over their trapped funds. Alawadhi said the foreign airlines will engage with

June 5, 2023

Business

25 Visa-Free, Visa-On-Arrival Countries For Nigerians

Are you looking to Japa (local parlance for escape) from the current economic hardship in Nigeria and cool off in a different country without going through the rigorous process of securing a visa first? Well, you are in luck, as there are

June 5, 2023

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Fakoyejo Olalekan

Naira Slumps In Black Market, Dollar, Euro, Pound Rates Rise

Stock Market Investors Pocket N126.38 billion, Equity Cap Up 0.41%

NBS Reveals Top Five Exporting, Importing Countries For Nigerians

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

Dollar Rate Static In Official Market Since Report Of CBN Devaluing Naira

Nigerian Stock Market Records N19.84bn Share Transactions, Equity Cap Falls

Dollar Rate Rises In Black Market, Naira Gains Against Pound, Euro

Foreign Airlines To Meet With Tinubu’s Gov’t Over $812.2m Trapped Funds

25 Visa-Free, Visa-On-Arrival Countries For Nigerians

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