Economy
Dangote’s fuel supply will aid economic revival – Governor reveals
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Ogun State Governor, Dapo Abiodun, said the commencement of fuel production by the Dangote refinery will strengthen the nation’s economy by eliminating constant shortages and conserving foreign exchange.
Petrol produced from the 650,000 barrels per day Dangote refinery is expected to hit filling stations in the next 48 hours as modalities with the Nigerian National Petroleum Company Limited have been formalised.
Abiodun, in a statement on Tuesday signed by his Chief Press Secretary, Lekan Adeniran, said that with the refinery coming on stream, one of the most significant challenges faced by Nigeria for more than three decades—reliance on fuel importation—will be solved.
According to the statement, with the Warri and Port Harcourt refineries also being prepared to begin production, Nigerians will heave a sigh of relief from constant fuel shortages, while the economy will also receive a boost.
Abiodun praised Alhaji Aliko Dangote for his determination to see through the multi-billion dollar projects against all odds.
The governor also commended President Bola Tinubu for his intervention in ensuring that the refinery came on stream during his administration.
He praised the President’s commitment to the revitalisation of other refineries in the country, which, he said, will drastically reduce fuel prices when all of them start production.
Abiodun said: “This significant achievement marks a transformative milestone not only for you as an entrepreneur but also for Nigeria and the broader African continent.
“The establishment of this refinery represents a pivotal shift in the energy landscape of the region, showcasing the power of vision, resilience, and unwavering commitment to economic development.
“The Dangote refinery is poised to be a game-changer in the production of petrol, addressing one of the most pressing challenges faced by Nigeria: reliance on imported fuel. This dependency has not only strained our foreign exchange reserves but has also hindered our potential for self-sufficiency.
“By producing petrol locally, the refinery will drastically reduce the outflow of foreign currency, thereby strengthening our economy. This move aligns perfectly with the President Bola Tinubu-led administration’s efforts to achieve economic diversification and reduce reliance on oil exports alone.”
Similarly, the governor said the economic impact of the refinery extends beyond just fuel production, saying that it is expected to generate thousands of jobs, both directly and indirectly, thus contributing to the reduction of unemployment rates.
“The ripple effect of this employment generation will invigorate local economies, stimulate growth in ancillary industries, and enhance the livelihoods of countless families across Nigeria.
“In addition to bolstering local employment and economic activity, the refinery’s operations are expected to enhance energy security in Nigeria. With the capacity to produce a substantial volume of petrol, the country will be better equipped to meet its energy needs, reducing the volatility associated with fuel shortages and price fluctuations.
“This stability will inevitably create a more favourable environment for businesses and attract foreign investments, further boosting economic growth.
Dollar To Naira Exchange Rate
The Black Market Dollar-to-Naira Exchange Rate for 30th June 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 30th June 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1387 on Tuesday, 30th June, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1387
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1390
Lowest Rate ₦1377
Meta explained that users will only be reachable if someone knows their exact username, adding that there will be no public directory or search suggestions for discovering accounts.
Global messaging app, WhatsApp, has announced a major privacy update that will allow users to connect with others without revealing their phone numbers, as the messaging platform prepares to introduce unique usernames globally.
The Meta-owned messaging service disclosed on Monday that users will soon be able to create personalized usernames that can be shared instead of their mobile numbers when initiating conversations.
According to the company, the new feature is aimed at strengthening user privacy by preventing phone numbers from being automatically exposed in situations such as joining large group chats or contacting a business or individual for the first time.
Meta explained that users will only be reachable if someone knows their exact username, adding that there will be no public directory or search suggestions for discovering accounts.
The company said the approach is intended to reduce unwanted contact while giving users greater control over who can reach them.
With more than three billion people using WhatsApp worldwide, Meta acknowledged that not every preferred username will be available because each handle must be unique.
The company said the rollout of username reservations will begin gradually over the coming months, with users receiving notifications when the feature becomes available in their respective countries.
Meta also announced that creators, organisations and small businesses will be given priority to secure usernames that match those they already use on Facebook or Instagram, helping them maintain consistent identities across the company’s platforms.
The Bureau of Public Service Reforms (BPSR) has ranked the Nigerian Communications Commission (NCC) third position among best-performing Federal Ministries, Departments, and Agencies (MDAs) in its 2026 Public Service Reforms Performance Assessment report.
The Director of Public Affairs, NCC, Mrs Nnenna Ukoha, on Monday in Abuja, said this in a statement issued in Abuja on Monday.
According to Ukoha, this followed a comprehensive evaluation across key reform indicators, including the Self-Assessment Tool (SAT).
Other ranking indices include Freedom of Information (FOI) Compliance Score, Fiscal Transparency and Integrity Index, and official website performance metrics.
“In the ranking, the Nigerian Investment Promotion Commission (NIPC) and Nigerian Export Promotion Council (NEPC) came first and second, respectively.
“The institutional ranking, conducted across all MDAs of the Federal Government, recognises MDAs that have distinguished themselves in advancing public service reforms and delivering excellence in service,” she said.
She said aside from the institutional awards, 20 individuals across federal, state and local levels received various distinguished public service excellence and leadership awards, for their sterling performance in public service.
She quoted the Executive Vice-Chairman, NCC, Dr Aminu Maida, as saying that the BPSR recognition served as a motivation for MDAs to strengthen their commitment to service delivery.
Maida, represented by the Executive Commissioner, Technical Services, Abraham Oshadami, further said the award also served as a testimony that NCC’s reforms aimed at improving transparency and accountability in the sector were yielding fruits.
“On behalf of all awardees, and second, on behalf of the Board, Management, and staff of the Nigerian Communications Commission, we thank the Bureau for these recognitions.
“For us at NCC, this recognition acknowledges our ongoing reform efforts and underscores the need to sustain them.
“For our telecommunications consumers, this recognition reflects ongoing efforts to strengthen service quality, transparency, and responsiveness across the sector,” he said.
He said that the assessment outcome also reinforced the importance of maintaining standards that support improved customer experience and greater confidence in telecom services nationwide.
Maida restated the commission’s commitment to applying regulatory tools and innovative approaches toward supporting measurable improvements in service quality and consumer protection in Nigeria’s telecommunications sector.
“The Commission has, over the past two years, introduced far-reaching reforms to promote transparency and accountability in the telecommunications sector.
“These include the introduction of the National Coverage Map, which provides near real-time information on the performance and availability of operators’ networks across the country,” he said.
He said the publication of Quarterly Network Performance Reports, provided detailed assessments of network performance nationwide.
He said that Mobile Network Operators (MNOs) had also been directed to simplify the communication of their tariffs in a manner that would be clear and easy for consumers to understand.
“Operators are required to comply with the updated Corporate Governance Guidelines, which emphasise stronger corporate accountability and improved operational performance.
“The Commission has also placed significant emphasis on the proactive publication of clear, comprehensive, and timely data on industry activities to keep the public well informed and enhance accountability across the telecommunications sector,” he said.
The Director-General of BPSR, Mr Dasuki Arabi, commended all participating MDAs, particularly the top performers for their efforts towards transparency, accountability, and open governance.
Arabi said that those values reflected consistency with established public service standards.
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