Manufacturers have expressed concerns as the price of diesel has risen to N1,275 per litre in Lagos and above N1,300 outside the state. The product is selling for N1, 270 per litre in Kano...
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4 Minutes
4 Minutes
Naira rallies across markets, trades below N1,000/$1
Nigerians Celebrating, Households in Nigeria spend N22.7 trillion on food Nigerians Celebrating In an unexpected twist of financial fate, the Naira has staged a dramatic rally against the US dollar, sending ripples across multiple...
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2 Minutes
How Pensioners spent N1,000 on transportation to receive two cups of rice as palliative
VAM News Update Pensioners in the Calabar branch of the Nigeria Union of Pensioners (NUP) say the 400 bags of rice given to 2.5 million of them to share as palliative are grossly inadequate....
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1 Minute
Naira to Dollar Falls By N35, Depreciates Further
VAM News Update THE naira, on Tuesday, fell to N1,185 per dollar at the parallel section of the foreign exchange (FX) market. Naira fell by N35 or 3.04 percent compared to the N1,150 it...
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1 Minute
Fresh Details Emerge as Naira Hits N1,315/$1
VAM News update THE naira, on Thursday, depreciated further to N1,315 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N90 or 7.35 percent compared...
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2 Minutes
Naira’s woes heighten, hits N1,225/$ as Nigeria Govt adopts reversal policy
VAM News Update THE naira, on Monday, continued its depreciation streak at the parallel section of the foreign exchange (FX) market. The local currency began the week at N1,225 per dollar — weakening by...
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2 Minutes
Anxiety as N1,200/$, N985/litre fuel spike squeezes air travel, pricing
VAM News Update Across both local and international segments of the sector, the rate of N1200/$1 in the open market and almost 400 per cent surge in price of aviation fuel are threatening to...
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1 Minute
As the dollar soars, it spreads hardship across Nigeria
VAM NEWS UPDATE Industries in the country are battling for survival owing to the continued slide of the naira against the dollar. The naira Thursday traded at between N1,155 and N1,160/dollar at the unregulated...
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1 Minute
Breaking: Petrol Hits N1,000, N700/Litre as Marketers Insist Subsidy is Back
..queue returns VAM News Update THE petrol scarcity in Abuja took a new turn on Tuesday, October 10, with retailers selling the product for as high as N1,000 per litre. This is even...
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8 Minutes
More Pains As Cooking Gas Price Hits N1,200/Kg
VAM NEWS There are growing concerns over the rising price of cooking gas as a kilogramme is now sold for between N1,000 and N1,200 in parts of the country, checks by Daily Trust have...
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