Stay informed with the latest in business news, covering market trends, corporate developments, economic analysis, and insights that drive decision-making.
Nigeria Sees Surge in Fuel Imports Amid Calls to End Re-importation A recent review of import data reveals a significant increase in the shipment of petroleum products into Nigeria, with 1.947 million metric tonnes offloaded at various terminals between October 1 and November 11. This volume consisted of premium motor spirit, automotive gas oil, and…
Parallel Market Dollar to Naira Exchange Rate: What’s the Current Rate? Get the latest black market dollar to naira exchange rate for November 14th, 2024. You can swap your dollar for naira at these rates. What’s the Current Black Market Dollar to Naira Exchange Rate? Black Market Dollar to Naira Exchange Rate (Aboki Dollar Rate):…
Nigeria’s Petrol Scarcity Worsens as NNPC Announces Fuel Price Hike, Govt Reacts In a recent update, the Nigerian National Petroleum Company Limited (NNPC) has revealed that it has achieved a significant boost in crude oil and gas production. According to the company, production has increased to 1.8 million barrels per day and 7.4 standard cubic…
Black Market Dollar to Naira Exchange Rate: What You Need to Know Get the latest black market dollar to naira exchange rate for November 13th and find out how much you can swap your dollar for naira. What’s the Current Dollar to Naira Exchange Rate? Parallel Market (Black Market) Dollar to Naira Exchange Rate According…
Nigeria’s Fuel Crisis: Updates on Petrol Scarcity, Price Increase, and Government-Citizen Reactions In a bid to alleviate the suffering of Nigerians due to the recent fuel price hike, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a reduction of ₦50 per litre in the price of Premium Motor Spirit (Petrol) for consumers. This…
Current Black Market Dollar to Naira Exchange Rate Check out the latest exchange rate for the parallel market, also known as the black market, for November 12th, 2024. 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: Aboki FX As…
Fuel Crisis: Oil Marketers Call for Petrol Price Reduction, Dangote Refinery Offers Direct Supply Partnership As Nigerians struggle to cope with the recent hike in fuel prices, oil marketers have demanded a reduction in the price of petrol coming from Dangote Refinery. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claims that the…
Federal Government Must Prioritize Domestic Businesses, Says Industry Minister According to Industry, Trade and Investment Minister Jumoke Oduwole, the key to a thriving economy lies in nurturing domestic businesses. In a recent interview with Arise TV, Mrs. Oduwole emphasized the importance of creating a favorable business environment that encourages growth, productivity, and scale for domestic…
BMI Issues a Stark Warning: The Naira May Weaken, Jeopardizing Nigeria’s Pharmaceutical and Medical Device Sectors A recent report by BMI, a Fitch Solutions subsidiary, forecasts a grim scenario for Nigeria’s pharmaceutical and medical device industries, courtesy of a potentially devastating weakness in the naira exchange rate. By 2028, the currency is predicted to plummet…
Independent Petroleum Marketers Association Prepared to Source Petrol Directly from Dangote Refinery Yakubu Suleiman, National Assistant Secretary of the Independent Petroleum Marketers Association (IPMAN), expressed the organization’s readiness to lift petrol from Dangote Refinery, addressing long-standing concerns over third-party involvement in the sale of refined petroleum products. In a recent interview with Arise TV, Suleiman…
Tinubu’s Government Mulls Overhaul of Tax System, Eyes Single-Digit Figures The Chairman of the Presidential Committee on Fiscal and Tax Reforms, Taiwo Oyedele, revealed in a recent interview on Channels Television that the administration is working to simplify Nigeria’s tax system by reducing all taxes to single-digit figures. According to Oyedele, this means that citizens…
Nigeria’s Stagflation Woes Escalate as Food Inflation Reaches Alarming Levels The cost of basic necessities has skyrocketed over the past few months, leaving many Nigerians facing a daunting struggle to get by. The prices of staple foods like beans, rice, palm oil, and tomatoes have skyrocketed, putting a tremendous squeeze on household budgets across the…
Cement Prices in Nigeria: A Growing Concern for Construction Sector Stakeholders The construction industry in Nigeria is facing a pressing issue: the soaring cost of cement. As of 2024, prices have been fluctuating rapidly, driven by a complex array of economic factors. Industry experts point to supply chain disruptions as a major contributor to the…
The Rising Cost of Cooking Gas: A Growing Concern for Nigerians The cost of refilling cooking gas cylinders has become a pressing issue for many Nigerians, with prices varying widely across the country. As of today, the average price of 1kg of cooking gas stands at around ₦1500, but prices can fluctuate depending on location…
Black Market Dollar to Naira Exchange Rate: Today’s Rate for November 10th Get the latest black market dollar to naira exchange rate for 10th November. You can swap your dollars for naira at these rates. Dollar to Naira Today: Parallel Market (Aboki fx) Rate Dollar to Naira Exchange Rate: Black Market Rate for Today As…
Fuel Price Increase: NNPC Raises Eyebrows, Senator Responds, and Nigerians React As the controversy surrounding the recent hike in fuel prices by the Nigerian National Petroleum Company (NNPC) Limited continues, the public is eagerly waiting for updates on the latest developments. Naijawebinfo brings you the latest scoop on petrol scarcity, fuel price increase, and government…
A Shocking Surge: Building Materials Costs Soar by Over 100% in Just One Year The construction industry is facing unprecedented challenges as the cost of essential building materials has skyrocketed, causing significant disruptions to large-scale developers and homeowners alike. The drastic increase is attributed to a combination of factors, including supply chain disruptions, escalating labor…
Black Market Dollar to Naira Exchange Rate: The Latest Update Get the latest black market dollar to naira exchange rate for November 9th, 2024. This rate is available for those looking to exchange their dollars for naira. What’s the Current Dollar to Naira Rate? Black Market Dollar to Naira Exchange Rate According to sources at…
Latest Updates on Petrol Scarcity, Fuel Price Increase, and Government Reactions A prominent economist and CEO of Financial Derivatives Company Limited, Bismarck Rewane, has predicted that petrol prices in Nigeria could reach a staggering N1,200 per litre in the near future. According to his November 2024 economic outlook, Rewane also forecasted that Brent crude could…
