News Update THE Naira saw a dip in value on Monday, falling to N1,629 per dollar in the Nigerian Foreign Exchange Market (NFEM). According to the Central Bank of Nigeria (CBN), the…
Category: Business
US pushes beer, can imports to 25% aluminum tariffs
THE administration of US President Donald Trump on Wednesday announced that it was imposing a 25 per cent tariff on all beer imports. The administration added the beverage and empty aluminium cans…
NNPC increases price of petroleum
News Update THE Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of petrol to N925 per litre in Lagos and N950 per litre in Abuja, marking a significant increase…
Has CBN introduced N5,000 And N10,000 notes featuring Chief Obafemi Awolowo, Azikwe’s image?
News Update The Central Bank of Nigeria (CBN) on Wednesday, April 2, 2025 has debunked a fake circular introducing new N5,000 and N10,000 notes effective May 1, 2025, Voice Air Media reported….
Naira to Dollar, other currencies rate, Friday
News Update Here is the USD, Other foreign currencies to Naira exchange rate for Friday, March 28, 2025. Black Market Dollar to Naira Exchange Rate: The parallel market (black market) offers a…
Naira to Dollar, other foreign currencies rate, Thursday
News Update Here is the USD to Naira exchange rate for Thursday, March 27, 2025. In Nigeria, to buy a dollar is at N1545 and sell at N1570. More also the second…
Petrol landing cost per litre jerks up
THE landing cost of imported premium motor spirit increased to N885 per litre on Wednesday from N797. The Major Energy Marketers Association of Nigeria disclosed the rise in the landing cost of…
Naira to Dollar, other foreign currencies rate, Tuesday
News Update Here is the USD to Naira exchange rate for Tuesday, March 25, 2025. In Nigeria, to buy a dollar is at N1570 and sell at N1580. More also the second…
Fuel Price: Why we’ll dump Dangote for NNPC, imports – PETROAN reveals
THE Petroleum Products Retail Outlet Owners Association of Nigeria has explained that it members will not hesitate to dump Dangote Refinery for alternatives over its latest move to sale petroleum products in…
Fuel Price To Increase As Dangote To Stop Supply To Nigerian Market
News Update Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress, TheCable understands. However, sources said the refinery will…