The Naira continued its downward trend on Friday, depreciating to N1,660 per dollar in the parallel market. This represents a slight decline from the N1,655 per...
The Federal Government says it has commenced distribution of fresh Compressed Natural Gas kits to some states of the federation in its drive to foster rapid...
The much-anticipated arrival of Premium Motor Spirit (PMS), better known as petrol, from Dangote Refinery is set to take place on Sunday, September 15. According to...
The Naira depreciated significantly against the Dollar at both official and parallel foreign exchange markets on Thursday. FMDQ data showed that it weakened to N1,649.76 per...
By Mario Deepromoter As of today, September 12, 2024, the exchange rate for the Dollar (USD) to Naira (NGN) at the black market, also known as...
Nigeria’s foreign exchange (Forex) market has come under fresh pressure as scarcity worsens. Consequently, demand pressures which has been building up since August have compelled huge...
The Central Bank of Nigeria has announced the sale of dollars to Bureau De Change operators. This was disclosed by the apex bank in a statement...
By Mario Deepromoter The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1635 and sell at...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has revealed that it will start lifting petrol from the Dangote Refinery from September 15th. This is coming...
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...
The Securities and Exchange Commission (SEC) has said it had begun the implementation of a series of initiatives aimed at reducing the time it takes for...
By Mario Deepromoter Nigeria’s foreign exchange (FX) reserves have dipped by about $505.68 million (1.37%) in August 2024. This is according to the latest data on...
The Central Bank of Nigeria (CBN) has come under fire for recent expenditures reportedly amounting to several billions of naira, despite the ongoing economic challenges facing...
The naira fell against the dollar on the foreign exchange market on Wednesday, 24 hours after appreciation. FMDQ data on Wednesday showed that the naira depreciated...
The Central Bank of Nigeria, CBN, said it would sell Treasury Bills, TBs, worth N2.2 trillion in the fourth quarter of 2024 (Q3’24). This represents a...
Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd in a statement on Monday asserted that NNPC Ltd. achieved the milestone through the collaboration of two of...
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...
The total consideration for the deal is $783 million, which includes reimbursement and consideration for the asset, as confirmed by Oando in a press release. Oando...
The naira appreciated massively against the dollar at the official foreign exchange market on Wednesday. FMDQ data showed that the naira gained N1543.84 per dollar on...
The Federal Government has announced that it will begin making payments in Naira for crude oil sales to the Dangote Refinery and other entities starting October...
