THE monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate (MPR) from 27 percent to 26.5 percent. Olayemi Cardoso, CBN’s governor, announced the rate…
Category: Business
Dangote Cuts Petrol Price
News Update Dangote Refinery has slashed its Premium Motor Spirit, PMS, gantry price to N774 per liter, down from N799, in a strategic move to edge out fuel importers in Nigeria. The…
Jubilation As Dollar To Naira Crashes Again
THE naira appreciated to N1,400.47 against a dollar at the official section of the foreign exchange (FX) market on Wednesday. Data from the Nigerian foreign exchange market (NFEM) — the country’s official…
Like Dangote, NNPCL Increases Petrol Price
THE Nigerian National Petroleum Company (NNPC) Limited has increased petrol price to ₦835 per litre in Lagos, and ₦839 per litre in Abuja. The national oil company made the price adjustment across…
Naira to US dollar exchange rates
THE naira has extended gains on Friday to end the week on a good note against the United States dollar at the official foreign exchange market. The Central Bank of Nigeria’s data…
NNPC Reduces Petrol Price Again
News Update THE Nigerian National Petroleum Company Limited has again reduced the pump price of petrol at its retail filling stations. On Monday morning, January 5, observations made in Abuja showed that…
Dollar to Naira exchange rate today
THE Nigerian Naira opened the first full week of 2026 with continued fluctuations across the various market segments. As of the morning of January 5, 2026, the local currency showed a slight…
Naira rates against dollar
News Update THE Nigerian naira strengthened significantly in 2025, gaining nearly N100 against the US dollar, while the country’s foreign reserves rose by $4.6 billion. The naira closed the year at N1,435.76…
NNPCL Reduces Fuel Price Again
News Update THE Nigerian National Petroleum Company Limited (NNPCL) has lowered its petrol price for the third time in December 2025. According to report, after a survey of filling stations in Abuja,…
Nigerian naira rates against US dollar
THE Naira has recorded a significant depreciation against the United States Dollar at the official foreign exchange market in the past 48 hours. The Central Bank of Nigeria’s data in the last…