The Nigerian currency, the naira, continued to react negatively to the assumption of office of Donald Trump as the 47th President of the United States by depreciating marginally against the dollar at both the official window and parallel market on Tuesday, January 21, 2025. FMDQ data showed that the naira depreciated to N1,552.78/$1 on Tuesday, […] More
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 20th January, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? […] More
Dangote Refinery has confirmed an increase in the ex-depot price, raising it from N899.50 to N950 per litre. Says the adjustment is attributed to the rise in global crude oil prices, with Brent Crude increasing from $70 to $82. Added that Ardova, Heyden, and Mfrs Holdings will provide petrol to Nigerians at a nationwide retail […] More
According to Vanguard News, Temitope Ibronke-Omolokun, a Nigerian-American entrepreneur, relocated from the United States to Nigeria to establish her hospitality business, The Motherland Kitchen Nigeria Ltd. Specializing in online food delivery, her company collaborates with platforms like Chowdeck and Orda Africa, offering both local and intercontinental cuisines delivered to customers’ doorsteps in 30-35 minutes. In […] More
Today 18th January 2025 -The naira extended appreciation against the dollar at the official market to end the week on a positive note, Friday. This comes as FMDQ data showed that the naira gained at N1,547.58 against the dollar on Friday from N1,548.47 exchanged on Thursday. This showed N0.89 improvement against the dollar on Friday. […] More
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? Dollar to naira exchange rate today See the black market Dollar to Naira exchange rate for 16th January, below. You can swap your dollar for Naira at these rates. How much is a dollar to […] More
Nigeria’s Headline Inflation recorded a marginal increase of 0.20% in the month of December, increasing to 34.80 percent from 34.60 in November 2024. A report by the National Bureau of Statistics (NBS) said the increase was due to December festive period increases in demand for goods and services. According to the NBS, on a year-on-year […] More
NCS- Customs aims to generate N6.58 trillion in revenue for 2025, having collected N6.11 trillion in 2024. Meanwhile, the National Assembly anticipates a revenue target of N12 trillion for Customs in the appropriation bill for 2025. The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, revealed yesterday that the agency achieved a remarkable revenue milestone of […] More
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? Dollar to naira exchange rate today See the black market Dollar to Naira exchange rate for 14th January, below. You can swap your dollar for Naira at these rates. How much is a dollar to […] More
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian government to offer financial support to transform filling stations into refueling points for Compressed Natural Gas (CNG). CNG is priced at N200 per Standard Cubic Meter, which is far cheaper than paying N1,000 per litre for Premium Motor Spirit (PMS) or petrol. […] More
According to a report from Africa Report, the refinery is increasing its storage capacity by 6.29 million barrels, which is roughly equivalent to 1 billion liters. The building of eight additional tanks will see crude storage capacity at the $20bn refinery jump by 41.67 per cent to 3.4 billion litres. According to Devakumar Edwin, the […] More
A fresh report by Proshare has declared that taming domestic inflation closer to the Central Bank of Nigeria (CBN’s) desired target rate of 21 per cent can only be achieved if the country’s foreign reserves moved up to at least $60 billion. The report titled: “Economic Outlook Report 2025: Unlocking Nigeria’s Economic Prosperity: Filling the […] More