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Business - Page 205

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th September 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki fx as

September 16, 2024

Naira-for-Crude Policy: Bold Economic Reform Or Risky Gamble For Nigeria's Future?

Business·FEATURES·News·Oil & Gas

Naira-for-Crude: Bold Economic Reform Or Risky Gamble For Nigeria’s Future?

Nigeria Introduces Naira-for-Crude Policy Nigeria has long been a major player in the global oil market, exporting its crude oil in exchange for US dollars, the dominant currency in international trade. This practice, while in line with global norms, has led to

September 16, 2024

SERAP sues Tinubu, govs over cybercrime law abuse

Business·News·Oil & Gas

SERAP Sues President Tinubu Over Petrol Price Hike, Seeks Reversal To N600 Per Litre

SERAP Takes Legal Action Against President and NNPCL The Socio-Economic Rights and Accountability Project (SERAP) has taken a legal action against President Bola Tinubu, demanding the reversal of the recent petrol price hike and an investigation into alleged corruption within the Nigerian

September 16, 2024

We’re Selling PMS At N990/Litre, Dangote Reveals

Business·News·Oil & Gas

Dangote Refinery: We Sold Petrol Cheaper To NNPCL, Debunks N898 Per Litre Claim

Dangote Refinery has said it sold Premium Motor Spirit (PMS) also known as petrol to the Nigeria National Petroleum Company Limited (NNPCL) at a cheaper rate. In a statement by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company debunked

September 16, 2024

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business·News·Oil & Gas

Nigeria To Stop Petrol Imports In October, Shifts To Dangote Refinery Supply

NNPC to Stop Petrol Imports as Dangote Refinery Takes Over Starting in October 2024, the Nigerian National Petroleum Company Limited (NNPC) will stop importing petroleum products, provided the local price from the Dangote Refinery remains competitive. This marks a significant shift in

September 16, 2024

Business·News·Oil & Gas

Dangote Refinery: Local Production Marks Important Step Towards Nigeria’s Energy Security – Edun

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said the commencement of local refining of petroleum products by Dangote Refinery, marks an important step in Nigeria’s quest for energy self-sufficiency and the resumption of the country’s journey

September 15, 2024

Business·News·Oil & Gas

NNPCL Lifts Petrol From Dangote Refinery

The Nigerian National Petroleum Company Limited (NNPCL) began loading petrol from Dangote Refinery in Ibeju-Lekki, Lagos on Sunday. In a post on X, the company said: “NNPC begins PMS lifting at the Dangote Petroleum Refinery.” The company also shared photos of trucks

September 15, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·News

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

Nigeria’s Foreign Reserves See Significant Growth Nigeria’s foreign exchange reserves have risen by $621.2 million within 10 days, thanks to the successful sale of a domestic dollar bond. This growth has come at a crucial time, as the country looks to strengthen

September 15, 2024

Nigerian Economy: A Titanic Drifting Off Course Amid Policy Missteps

Business·FEATURES·News

Is Price Control The Solution Or A New Problem For Nigeria’s Economic Crisis?

A New Economic Crisis or Relief? Nigerians are facing an ever-worsening cost-of-living crisis. From skyrocketing fuel prices to soaring food costs, the struggle to make ends meet has intensified in recent months. On August 29, Tunji Bello, the head of the Federal

September 15, 2024

Nigerian Banks Lose N42.6bn To Fraud In Q2 2024 As Experts Call For Enhanced Security

Business·News

Nigerian Banks Lose N42.6bn To Fraud In Q2, Experts Call For Enhanced Security

Nigerian Banks Face Massive Fraud Losses in 2024 In a troubling revelation, Nigerian banks lost N42.6bn to fraud and forgeries in the second quarter of 2024, surpassing the total fraud losses of 2023 by a wide margin. This sharp increase in fraudulent

September 15, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Business - Page 205

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th September 2024

Naira-for-Crude: Bold Economic Reform Or Risky Gamble For Nigeria’s Future?

SERAP Sues President Tinubu Over Petrol Price Hike, Seeks Reversal To N600 Per Litre

Dangote Refinery: We Sold Petrol Cheaper To NNPCL, Debunks N898 Per Litre Claim

Nigeria To Stop Petrol Imports In October, Shifts To Dangote Refinery Supply

Dangote Refinery: Local Production Marks Important Step Towards Nigeria’s Energy Security – Edun

NNPCL Lifts Petrol From Dangote Refinery

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

Is Price Control The Solution Or A New Problem For Nigeria’s Economic Crisis?

Nigerian Banks Lose N42.6bn To Fraud In Q2, Experts Call For Enhanced Security

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