Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players...
Understanding the dynamics of the foreign exchange market is crucial for individuals and businesses engaged in international transactions. The exchange rate between the U.S. Dollar (USD)...
China and India have emerged as Nigeria’s largest sources of imports in 2024. According to the latest trade report from the National Bureau of Statistics (NBS),...
Nigeria’s total merchandise trade recorded significant growth in the fourth quarter of 2024, driven by a sharp rise in imports and steady export performance. According to...
The Nigeria Midstream and Downstream Petroleum Resources Authority has issued refining licenses to three companies to build new refineries in Abia, Delta, and Edo States. The...
Nigeria’s foreign exchange reserves fell by $1.31bn in February 2025, reflecting sustained external pressures amid the recent appreciation of the naira. Data from the Central Bank...
The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in a significant leadership shakeups. These appointments affect crucial areas such as...
The Minister of Industry, Trade and Investment, Jumoke Oduwole, says Nigeria has secured $50.8 billion in investment deals as of November 2024. She made the disclosure...
The naira is exchanging for ₦1,500 to 1 US Dollar at the parallel market (black market) in Nigeria. This means that for every one dollar, you...
Nigeria’s strategy to reduce its dependence on oil is proving effective, with the non-oil sector contributing 95.40 percent to the gross domestic product (GDP) in real...
The Central Bank of Nigeria (CBN) has set its sights on reducing inflation to a single digit in the medium to long term, following the recent...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Wednesday, stated that no law prohibits Nigerian National Petroleum Company Limited (NNPCL) from importing when necessary....
The Federal Government’s (FG) deficit spending saw a 15 percent reduction month-on-month (MoM), falling to N908.13 billion in November 2024 from N1.07 trillion in October 2024....
The Nigerian naira has shown a trend of appreciation against the dollar for three consecutive days in the parallel foreign exchange market, finishing the week on...
The World Bank’s Country Director for Nigeria, Dr. Ndiame Diop, has confirmed that Nigeria remains the largest economy in Africa by Gross Domestic Product (GDP) despite...
The official naira black market exchange rate in Lagos and FCT, Abuja today including the Black Market rates, Bureau De Change (BDC), and CBN rates. According...
The Central Bank of Nigeria, CBN, has issued guidelines for the sale of foreign exchange (FX) to Bureaux De Change, BDC, operators. The modalities are outlined...
The Bank of England, on Thursday, reduced its key interest rate by a quarter point to 4.5 percent to help support weak British growth even if...
Bureau De Change (BDC) sources in Gwarimpa and Gwagwalada in FCT buy a dollar for N1685 and sell it for N1700 on Thursday, February 6th, 2024....
…found diverting funds The Central Bank of Nigeria (CBN) has announced that it will suspend the dealership licenses of any Bureau de Change (BDC) operators or...
