ADVERTISEMENT ADVERTISEMENT Inflationary pressure has reappeared as Nigerians grapple with increases in average costs of basic food items and energy. For the first time after the...
ADVERTISEMENT ADVERTISEMENT The exchange rate between the US dollar and the Nigerian naira continues to draw significant attention from individuals and businesses alike, especially those involved...
ADVERTISEMENT ADVERTISEMENT Naira has continued its downward slide in the parallel market on Thursday, exchanging at N1,621/$1, a depreciation from N1,580/$1 recorded just a day earlier...
ADVERTISEMENT ADVERTISEMENT Stocks rocketed Thursday as a relief rally spread through markets after Donald Trump paused crippling tariffs on US partners, with Chinese markets even brushing...
ADVERTISEMENT ADVERTISEMENT Mobile money platforms processed about 108 billion transactions valued at $1.68 trillion in 2024, according to GSMA’s ‘State of the Industry Report on Mobile...
ADVERTISEMENT ADVERTISEMENT The local currency (abokiFx) opened at ₦1,560.00 per $1 at the parallel market, otherwise known as the black market, today, Monday, 7 April 2025,...
ADVERTISEMENT ADVERTISEMENT Oil prices plunged this week to $65 per barrel as the United States import tariffs and an unexpected OPEC+ supply hike erased $10 per...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria has injected $197.71m into the foreign exchange market on Friday, April 4, 2025, as part of its commitment to...
ADVERTISEMENT ADVERTISEMENT President Donald Trump has given TikTok a 75-day extension, staving off a ban on the Chinese-owned app just as its April 5 deadline loomed....
ADVERTISEMENT ADVERTISEMENT The Naira depreciated to N1,600 per dollar in the Nigerian Foreign Exchange Market (NFEM) today after three months of being on the N1,500 per...
ADVERTISEMENT ADVERTISEMENT The Petroleum Products Retail Outlet Owners Association of Nigeria says some local refineries are importing substandard crude into Nigeria to cut costs. Speaking with...
ADVERTISEMENT ADVERTISEMENT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means that…you can buy or sell...
ADVERTISEMENT ADVERTISEMENT Naira appreciated against the dollar on Wednesday at the official foreign exchange market after the Eid-el-Fitr holidays. The Central Bank of Nigeria’s data showed...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria (CBN) has dismissed claims that it has introduced new N5,000 and N10,000 notes, labeling the reports as false. In...
ADVERTISEMENT ADVERTISEMENT Amazon has made a last-minute bid to acquire TikTok, the Chinese-owned short-video platform, just days before an April 5 deadline to sell its US...
ADVERTISEMENT ADVERTISEMENT Data released by the Central Bank of Nigeria in its economic report for fourth quarter 2024, has revealed that the President Bola Tinubu-led Nigerian...
ADVERTISEMENT ADVERTISEMENT The World Bank has approved a $500 million loan to Nigeria to support the country’s Community Action for Resilience and Economic Stimulus Program. The...
ADVERTISEMENT ADVERTISEMENT The exchange rate between the U.S. Dollar (USD) and the Nigerian Naira (NGN) remains a crucial topic for businesses, travelers, and investors. As of...
ADVERTISEMENT ADVERTISEMENT The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the bank is beginning to see signs of progress in stabilising...
ADVERTISEMENT ADVERTISEMENT What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for...
