Rising Rice Prices in Nigeria: A Concern for Low-Income Families The cost of living in Nigeria has taken another hit, with the price of locally-produced parboiled rice now standing at N105,000 per 50kg bag. This increase is a far cry from the minimum wage of N70,000, leaving many families struggling to make ends meet. The…
Oil Marketers Face Uncertain Future as Fuel Consumption Plummets and Prices Soar The oil marketing industry in Nigeria is grappling with unprecedented challenges, with over 10,000 retail outlets at risk of shutting down due to a drastic decline in fuel consumption and rising costs. According to recent data from the Nigerian Midstream and Downstream Petroleum…
Airtel Africa Reports Revenue Decline Due to Nigeria’s Currency Plunge Airtel Africa’s half-year results for the period ending September 30, 2024, reveal a significant decline in revenue, primarily attributed to the drastic depreciation of the Nigerian naira. Despite a 19.9% increase in revenue in constant currency, the reported revenue took a hit, declining 9.7% due…
Parallel Market Exchange Rate: What’s the Dollar Worth in Naira Today? Get the latest black market dollar to naira exchange rate for October 26th, 2024. You can convert your dollar to naira at these rates. Dollar to Naira Rates in the Black Market Current Exchange Rates in the Lagos Parallel Market As of Saturday, October…
Finance Minister and Oando Group President Meet with Afreximbank President to Foster Collaboration and Secure Funding A high-level meeting was held between Finance Minister, Wale Edun, Oando Group President, Wale Tinubu, and Afreximbank President, Prof. Benedict Oramah, during the World Bank-IMF Annual Meetings in Washington, D.C., with a focus on securing funding for Nigeria’s economic…
Fuel Scarcity Continues to Plague Nigeria, IMF Clarifies Subsidy Removal, and Citizens React The International Monetary Fund (IMF) has clarified that it did not influence Nigeria’s decision to remove fuel subsidies, emphasizing that the move was independently made by the Nigerian government. This clarification came following widespread accusations linking the IMF to recent economic policies…
Naira’s Value on the Rise: Dollar to Naira Exchange Rate in the Black Market Here are the current black market exchange rates for October 25th. You can exchange your dollar for naira at these rates. Ahead of the Game: Current Dollar to Naira Exchange Rate at the Black Market Finding Your Way in the Market…
As Nigerians React to Fuel Price Hike, Experts Urge Investigations into Nigeria’s Troubled Petroleum Sector With fuel prices soaring, the country is bracing for the worst. Following the recent cabinet reshuffle, experts are calling for transparency and urgent action to address the nation’s struggling petroleum sector. Austin Aigbe, Regional Advocacy Lead and ECOWAS Liaison Officer…
Current Dollar to Naira Exchange Rate in the Parallel Market Finding the best exchange rate for your dollar to naira conversion can be a challenge. We’ve got you covered. Here’s the latest exchange rate for 24th October 2024. What’s the Dollar to Naira Rate in the Parallel Market Right Now? Black Market Dollar to Naira…
Federal Government Sets Ambitious Target to Boost Nigeria’s Compressed Natural Gas (CNG) Conversion In a bid to drive progress and sustainability, the federal government has announced an ambitious plan to increase Nigeria’s Compressed Natural Gas (CNG) conversion by a remarkable 733%. By June 2025, the government aims to achieve a conversion rate of 250,000, up…
A Video of a Nigerian Lawmaker’s Assault on a Delivery Driver Sparks Outrage A recent incident in Abuja, the Nigerian capital, has left many questioning the actions of a member of the House of Representatives, Alex Ikwechegh. The lawmaker was caught on camera physically attacking a driver who was delivering a package to his residence….
The 2024 Ballon d’Or results are in, according to a leak reported by Daily Mail on October 27. The top 12 nominees’ voting results have been revealed, and one African player stands out – Ademola Lookman, who helped Atalanta win the 2023-2024 Europa League and the Nigerian national team reach second place in the 2024…
Manchester United Sack Manager Erik ten Hag, Appoint Ruud van Nistelrooy as Interim Head Coach Erik ten Hag’s tenure as Manchester United manager has come to an end, along with his last match in charge being a 2-1 loss to West Ham United. The club has announced the departure of ten Hag, a former Ajax…
NFF Announces Revised Kick-Off Time for Nigeria vs. Algeria International Friendly The Nigeria Football Federation (NFF) has made a last-minute adjustment to the kick-off time for the highly anticipated international friendly match between the Super Falcons and Algeria, set to take place on October 29th at the Mobolaji Johnson Arena in Onikan, Lagos. The match…
A seismic change has been announced at Manchester United, as the team’s leader, Erik ten Hag, departs the club following a disappointing start to the season. This decision comes after two and a half years at the helm, where the team struggled to deliver consistent results. Ten Hag’s tenure, which began in April 2022, has…
Policeman Found Guilty of Murder, Dismissed from Force, Facing Court Trial Inspectors Joseph Ozonwanji, a police officer, has been found guilty of the murder of Ogene musician Chikezie Okezie Nwamba, also known as Igbo-Jah. The incident occurred on October 25, 2024, at the Anti-Cultism Tactical Squad headquarters in Enugu State. Following a summary trial, the…
Rift Valley: Deadly Ambush Leaves Chadian Soldiers Counting Heavy Losses A bloody encounter between Chadian forces and Boko Haram extremists has claimed the lives of at least 40 Chadian soldiers, according to reports received by Naijawebinfo on Monday. The attack unfolded late on Sunday evening when the extremist group launched a surprise assault on a…
Ibikunle Amosun: My Mother’s Miraculous Pregnancy Story Former Governor of Ogun State, Ibikunle Amosun, has for the first time shared the astonishing story of his mother’s 38-month pregnancy, describing it as a miraculous event. At a recent 25th-anniversary remembrance prayer for his mother, Alhaja Sanusi-Amosun, who passed away on October 27, 1999, Amosun recounted the…
Breaking: Real Madrid’s Vinicius Junior and the Club to Boycott 2024 Ballon d’Or Ceremony, Sources Claim The highly anticipated 2024 Ballon d’Or ceremony, celebrating the world’s top football player, is set to take place this evening at the Theatre du Chatelet in Paris, France. Several top stars, including Vinicius Junior, Rodri of Manchester City, Jude…
Manchester United’s Captain Speaks Out After Manager’s Departure A tumultuous period for the team has come to a head, with Manchester United parting ways with manager Erik ten Hag after a disappointing 2-1 defeat to West Ham. The decision was announced with the team struggling to make an impact this season. Captain Bruno Fernandes took…
