Category: Business

Petrol imports to Nigeria surge, despite new refinery operations The Nigerian Ports Authority has revealed that the country imported an astonishing 2.3 billion litres of petrol between September 11 and December 5, 2024. This influx of imported fuel has raised eyebrows, considering the recent launch of operations at the Dangote and Port Harcourt refineries. Both…

Current Black Market Dollar to Naira Exchange Rate Get the latest black market dollar to naira exchange rate for December 3rd below. You can exchange your dollars for naira at these rates. What’s the Dollar to Naira Rate Today? Black Market Dollar to Naira Exchange Rate Today According to sources at Bureau De Change (BDC),…

The Price of Cement in Nigeria: Factors and Insights For years, the cement market in Nigeria has been subject to fluctuations due to various factors. It is crucial to understand the dynamics behind this instability to mitigate its impact on the construction and real estate sectors. Unpredictable cement prices stem from a combination of economic,…

**The Festive Season and Food Prices: Understanding the Dynamics** The holiday season in Nigeria is marked by increased demand for various goods, leading to significant price hikes. During this time, prices of foodstuffs, in particular, tend to escalate due to several factors. In this article, we will explore the main reasons behind the increasing cost…

Cooking Gas Prices in Nigeria: A Pricey Problem As of December 2024, the average cost of refilling a 12.5kg cooking gas cylinder in Nigeria has skyrocketed to ₦17,000, a 41.6% increase from July’s rate of ₦12,000. This sudden surge in price is causing significant financial strain on households across the country. A Look at the…

Current Aboki Fx Rates – Dollar to Naira (Parallel Market) Avoid the hassles and uncertainty of navigating the markets alone and find the perfect exchange rate for your hard-earned cash. Keep reading to get the up-to-date Dollar to Naira black market rates as of 2nd December 2024. Today’s Dollar-Naira Rate: What the Market Offers Black…

Black Market Dollar to Naira Exchange Rate: What You Need to Know Stay informed about the current exchange rate for dollars to naira at the parallel market, also known as the black market or Aboki fx. This rate can be used to swap your dollars for naira. What’s the Current Dollar to Naira Exchange Rate?…

Federal Commission Launches Investigation into Consumers’ Grievances against Top Companies The Federal Competition and Consumer Protection Commission (FCCPC) has announced an inquiry into widespread consumer complaints affecting leading players in the banking, telecommunications, and aviation sectors. FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, shared the news in a statement released on Sunday. The inquiry will…

The Current Dollar to Naira Exchange Rate at the Black Market (Parallel Market) Get the latest black market Dollar to Naira exchange rate as of November 30, 2024. You can exchange your dollar for Naira at these rates. The Latest Dollar to Naira Rate in the Black Market Black Market Dollar to Naira Exchange Rate…

Update: NNPC Reduces Fuel Price, Nigerians Groan Over Substantial Increase in Petrol Scarcity Nigerians are facing a new wave of challenges as the Nigerian National Petroleum Company (NNPC) Limited has increased the price of Premium Motor Spirit (PMS) once again. In a move to ease the pain, however, the Petroleum Products Retail Outlet Owners Association…

Black Market Dollar to Naira Exchange Rate: What You Need to Know Check out the latest black market dollar to naira exchange rate for November 29th, 2024. You can exchange your dollars for naira at these rates. What’s the Current Dollar to Naira Rate? Black Market Dollar to Naira Exchange Rate: November 29th, 2024 According…

Nigerians Grapple with Rising Fuel Prices and Scarcity Amidst Concerns over Port Harcourt Refinery A recent update on the petrol scarcity and price hike in Nigeria has left many wondering about the operating capacity of the Port Harcourt Refining Company.   Recently, allegations surfaced that petroleum products shipped from the facility on Tuesday were not…

CBN Warns Financial Institutions Against Cash Scarcity at ATMs The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions, stating that they will face severe penalties if they fail to address the ongoing cash scarcity at Automated Teller Machines (ATMs). The warning comes as a response to widespread reports of cash…

NNPCL Urges Upstream Stakeholders to Prioritize Governance, Transparency, and Efficiency Recently, the Executive Vice President of Upstream at NNPCL, Mr. Udobong Ntia, emphasized the need for upstream stakeholders in the Nigerian oil and gas industry to focus on strengthening their corporate governance, transparency, and efficiency. Ntia made this call during the “Enhancing Governance, Risk, and…

Current Black Market Exchange Rate: Dollar to Naira (Aboki Fx) Find the latest exchange rate for 28th November below. You can exchange your US dollars for Nigerian naira at these rates. What’s the Current Exchange Rate in the Parallel Market? Dollar to Naira Exchange Rate in the Black Market (Aboki Dollar Rate) According to sources…

Fuel Scarcity and Price Increase: Latest Updates and Reactions As Nigerians continue to grapple with the recent hike in fuel prices, former presidential candidate Peter Obi has called on the government to provide transparency and accountability in the management of the country’s oil resources. Obi made this statement in response to the resumption of oil…

Current Dollar to Naira Exchange Rate in the Black Market (Parallel Market) For those looking to swap their dollars for naira, here’s the current black market rate on November 27th, 2024. What’s the Dollar to Naira Rate in the Black Market Today? Black Market Dollar to Naira Exchange Rate as of November 27th, 2024 According…

Nigeria on the Verge of Petrol Scarcity Eradication and Price Crash Good news is on the horizon for Nigerians, as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed that the prices of petrol will be crashing in the coming days. This follows the resumption of operations at the Port Harcourt Refinery and…

Warning: Don’t Trust Marino Limited for Cryptocurrency Trading The Securities and Exchange Commission (SEC) has a wake-up call for Nigerians: be cautious of Marino Limited when it comes to cryptocurrency trading. The truth is, this trading platform is not licensed to operate in Nigeria’s capital market. The SEC has uncovered a web of deceit, as…