Stay informed with the latest in business news, covering market trends, corporate developments, economic analysis, and insights that drive decision-making.
The Federation Accounts Allocation Committee (FAAC) recently shared a staggering ₦1.411 trillion as the October 2024 Federation Accounts Revenue between the Federal Government, states, and local government councils. The disbursement was done during a meeting chaired by the Accountant General of the Federation, Dr. Oluwatoyin Madein, in Bauchi State. The meeting followed a national council…
Nigerian Households Face Increased Kerosene Costs Amid Rising Living Expenses The National Bureau of Statistics (NBS) has released a report showing a significant increase in the price of kerosene, further straining household budgets already burdened by rising living costs. The report highlights that the average retail price of Household Kerosene (HHK) per litre in October…
Dangote Petroleum Refinery Unleashes a New Era in West African Fuel Supply A significant development in the regional fuel market has unfolded as the Dangote Petroleum Refinery has officially started exporting refined petroleum products to neighboring West African countries. This move is set to reshape the fuel supply dynamics in the region, according to a…
South-South Geopolitical Zone Records Highest Average Cooking Gas Price in October The National Bureau of Statistics (NBS) has released a report showing that the average retail price of a 12.5kg cylinder of liquefied petroleum gas (LPG), also known as cooking gas, experienced a significant year-on-year increase of 58.68% in October 2024. This sharp rise in…
Black Market Dollar to Naira Exchange Rate: What You Need to Know Get the latest black market dollar to naira exchange rate for November 19th, 2024. This rate is what you can expect to get when exchanging your dollars for naira at the parallel market. Today’s Black Market Dollar to Naira Rate Parallel Market Exchange…
Parallel Market Exchange Rate: What’s the Current Dollar to Naira Value? Get the latest black market exchange rate for dollars and nairas as of November 18th, 2024. Use these rates to swap your dollars for nairas. How Much is a Dollar Worth in Naira Today? Dollar to Naira Exchange Rate: Current Black Market Rates In…
Fuel Price Increase: The Latest Updates on Petrol Scarcity and Government-Citizen Reactions In the wake of the recent fuel price hike by the Nigerian National Petroleum Company Limited (NNPCL), Nigerians are left grappling with the implications. Naijawebinfo brings you the latest information on petrol scarcity, fuel price increase, and the reactions of the government and…
Fuel prices decline as oil deregulation triggers competition Data from the Independent Petroleum Marketers Association of Nigeria (IPMAN) and major oil marketers confirms that petrol prices have seen a significant reduction due to the effects of deregulation. According to sources, oil marketers imported over 2 billion liters of Premium Motor Spirit within 42 days, bringing…
Dangote Petroleum Refinery and IPMAN Sign Pact to Supply 60 Million Liters of Petrol Weekly Naijawebinfo has learned that the Dangote Petroleum Refinery has entered into an agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) to supply 60 million liters of Premium Motor Spirit (PMS), commonly known as petrol, on a weekly basis….
Slight Relief for Nigerian Households as Cooking Gas Price Drops A recent survey conducted by a Naijawebinfo correspondent found that the average price of cooking gas has decreased, easing the financial burden on Nigerian families. The current rate for 1kg of cooking gas is around ₦1,350, with prices varying depending on location and cylinder size….
This Holiday Season, Nigerians May Face Higher Prices on Staple Foods With Christmas just around the corner, many Nigerians are anticipating a surge in food prices. As demand rises, market trends often take a predictable turn, characterized by panic buying and bulk purchases. Retailers at various markets across the country have voiced concerns about the…
Funding Push for Dangote Petroleum Refinery as Nigeria’s Oil Demand Soars The Dangote Petroleum Refinery is scrambling to secure billions of dollars to boost its production capacity and meet Nigeria’s growing oil demand, according to recent reports. Despite recently launching a naira-for-crude agreement, which enabled the supply of four crude cargoes, the refinery requires significant…
Cement Prices in Nigeria Continue to Soar, Leaving Homebuilders Struggling to Cope The cost of cement in Nigeria has skyrocketed over the past six to eight months, with the average price of a 50kg bag reaching a staggering ₦8,800 nationwide. In some states, the price has even surpassed ₦10,000, leaving many Nigerians reeling from the…
Current Black Market Exchange Rate for Dollar to Naira Discover the latest rates for buying and selling dollars at the parallel market, also known as the black market. What’s the Current Exchange Rate for Dollars in the Black Market? Black Market Dollar to Naira Exchange Rate (Aboki Forex Rate): As of November 17th, 2024, participants…
Nigeria’s Labour Unions Urge President Tinubu to Reverse Economic Policies and Ease Economic Burden on Citizens Naijawebinfo reports that the National Union of Shop and Distributive Employees (NUSDE) has called on President Bola Ahmed Tinubu to reconsider policies on the floating of the national currency and rising energy costs, citing the need to alleviate the…
Black Market Dollar to Naira Exchange Rate: How Much is a Dollar to Naira Today? Here’s the latest exchange rate for the black market (parallel market) as of November 16th. You can swap your dollars for naira at these rates. What’s the Current Dollar to Naira Exchange Rate in the Parallel Market? Aboki Dollar Rate:…
As Nigerians struggle to cope with the recent fuel price hike by the Nigerian National Petroleum Company (NNPC) Limited, we bring you the latest updates on petrol scarcity, fuel price increase, and the government’s response. A report by Dangote Refinery has called for an end to Nigeria’s reliance on fuel imports, and yet, 1.947 million…
IMF Report Highlights Nigeria’s Slow Progress in Implementing Economic Reforms A recent report by the International Monetary Fund (IMF) on Sub-Saharan Africa has painted a mixed picture for the region, with Nigeria failing to make significant progress in implementing its broad-based economic reforms. The report notes that while some countries have made significant strides, Nigeria’s…
Get the Latest Black Market Dollar to Naira Exchange Rate Stay informed about the current exchange rates in the parallel market (black market) and know how much you can exchange your dollar for naira. What is the Current Dollar to Naira Exchange Rate? Black Market Dollar to Naira Exchange Rate for November 15, 2024 As…
Nigeria’s Crude Oil Production on Track to Reach 2 Million Barrels per Day by December 2024 The Nigerian National Petroleum Company Limited (NNPCL) has announced that the country’s crude oil production has increased to 1.8 million barrels per day, with gas production rising to 7.4 billion standard cubic feet per day. This milestone was welcomed…
