Category: Business

Fuel Price Hike: Latest Developments on Petrol Scarcity and Government’s Response In light of the recent fuel price increase, we’ve compiled the latest news and reactions from the government and citizens. A major breakthrough has been achieved in the Nigerian energy sector, with the announcement of the Port Harcourt Refinery’s operational startup. The facility is…

Airtel Nigeria Welcomes New Managing Director and Chief Executive Officer: Dinesh Balsingh Takes the Reins

Food Prices Soar in October 2024, Says National Bureau of Statistics A recent report released by the National Bureau of Statistics (NBS) reveals a significant increase in food prices across various item categories, including beans, eggs, bread, and rice. The Selected Food Prices Watch report for October 2024, released in Abuja, highlights the extreme price…

Petroleum Marketers Remain Optimistic About Lower Petrol Prices This Yuletide Season The prices of Premium Motor Spirit (PMS), also known as petrol, may be heading for a significant decrease by the end of the year, as Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) have projected….

Black Market Dollar to Naira Exchange Rate: What You Need to Know Stay updated on the latest black market dollar to naira exchange rate for November 25th. This rate allows you to swap your dollars for naira at the current prices. Today’s Black Market Dollar to Naira Rate Parallel Market Exchange Rate: Dollar to Naira…

Fuel Crisis Lingers as Nigerians Grapple with Rising Petrol Prices and Shortages Amidst the ongoing fuel crisis, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended the reduction in the cost of petroleum products from the newly inaugurated Dangote Refinery. This development is expected to have a positive impact on the competitive market. As…

Nigeria’s GDP Grows by 3.46% in Q3 2024, Highest in Two Years Nigeria’s economy has recorded its highest growth rate in two years, with the Gross Domestic Product (GDP) expanding by 3.46% in the third quarter of 2024. This growth is a significant improvement over the 2.54% recorded in the same quarter of 2023 and…

As the holiday season approaches, Nigerians are bracing themselves for a likely surge in the prices of essential food items. Market trends indicate a significant increase in prices, driven by bulk buying and panic purchases. Market traders and stakeholders are expressing concerns about the anticipated price hikes, citing increased demand and potential supply chain disruptions…

Cement Prices in Nigeria Continue to Rise, with Nominal Gains Across the Nation The cost of cement in Nigeria has experienced a prolonged upward trend, with prices increasing by as much as 43% over the past six to eight months. As of now, a 50kg bag of cement averages ₦8,800 nationwide, with some regions even…

A ray of hope for Nigerian households: Cooking gas prices slightly dip After weeks of discomfort, Nigerian households can finally breathe a sigh of relief. A recent market survey by Naijawebinfo reveals that the average price of 1kg of cooking gas has dropped to ₦1,350. While this development is seen as a positive sign, many…

Understanding the Black Market Dollar to Naira Exchange Rate Stay updated on the current black market dollar to naira exchange rate, also known as the Aboki fx, and find out how to swap your dollar for naira at these rates. What’s the Dollar to Naira Rate Today in the Black Market? As of November 24th,…

Latest Updates on Petrol Scarcity, Fuel Price Hike, and Government-Citizen Reactions In a move aimed at alleviating the burden of rising fuel prices, the Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦970 per litre for oil marketers. The refinery’s Chief Branding and…

Current Black Market Dollar to Naira Exchange Rate Get the latest black market dollar to naira exchange rate for November 23rd, 2024, and swap your dollars for naira at these rates. Today’s Dollar to Naira Exchange Rate in the Parallel Market Black Market Dollar to Naira Exchange Rate According to sources at Bureau De Change…

Fuel Costs on the Rise: LATEST UPDATE on the Petrol Scarcity, Price Hike and Government-Citizens’ Reactions A new report from Dangote Petroleum Refinery sheds light on the ongoing petrol scarcity in Nigeria, revealing that the Federal Government is falling short of its commitment to supply crude oil under the naira-for-crude initiative. According to Dangote Industries…

Black Market Dollar to Naira Exchange Rate: The Latest Update Get the latest black market dollar to naira exchange rate for 22nd November, 2024. This is the rate at which you can exchange your dollar for naira. The Current Dollar to Naira Exchange Rate in the Black Market Dollar to Naira Exchange Rate Today: Black…

Despite the Export Ban, Cooking Gas Prices in Nigeria May Not Substantially Decrease, Experts Warn The Nigerian government’s ban on Liquefied Petroleum Gas (LPG) exports, effective November 1, 2024, aimed to stabilize prices and increase local availability. However, experts predict that cooking gas prices may not drop significantly due to various economic factors. Under the…

Latest Dollar to Naira Exchange Rate in the Black Market (Aboki FX) Find the current black market dollar to naira exchange rate as of November 21st, 2024, below. This information can help you with your foreign exchange transactions. What is the Current Value of the Dollar in Nigeria’s Black Market? Dollar to Naira Exchange Rate…

Nigeria’s Economic Reforms Receive IMF’s Strong Seal of Approval Nigeria is taking bold steps to kickstart its economy, according to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). Under the leadership of President Bola Tinubu, she praised the country’s rapid reforms aimed at driving economic growth and creating jobs. Earlier this year, Georgieva…

Latest Aboki Fx Exchange Rates: How Much is a Dollar to Naira Today? For updates on the parallel market rate, see the exchange rates for November 20, 2024. Swap your dollar for naira at these rates and ensure you get the best deals. Aboki Fx Exchange Rates for Today Lagos Parallel Market Dollar to Naira…