United Bank for Africa Plc (UBA) has reportedly secured interim preservative orders from a Lagos State High Court in a $242 million petroleum-products dispute involving Swiss-based energy trading company Vitol SA and four shipping companies.…
Dollar to Naira Exchange Rate Update for December…
Naira Trades Differently Across Official and Parallel Forex Markets The value of the Nigerian naira against the United States dollar continues to attract attention from businesses, travelers and investors monitoring developments in the foreign exchange…
NNPCL Sets Over 2 Million Barrels-Per-Day Oil Production…
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to significantly increase crude oil output, projecting that national production could surpass two million barrels per day by 2026. Officials of the company say the…
Cooking Gas Price Rises to ₦8,081.75 in October…
The National Bureau of Statistics (NBS) has released new figures showing a significant rise in the price of cooking gas across Nigeria in October 2025, with households paying noticeably more for refills compared to the…
USD to NGN Exchange Rates Today: Black Market…
Foreign exchange traders across Nigeria continued to monitor the movement of the U.S. dollar against the Nigerian naira, as market participants tracked the latest figures for Thursday, December 11, 2025. Currency activity in both the…
Petrol Imports Jump 80% as Nigeria Faces Refinery…
Nigeria’s dependence on imported petrol rose sharply toward the end of 2025 as fresh data indicated a significant jump in fuel supply across the country. Statistics released by the Nigerian Midstream and Downstream Petroleum Regulatory…
NUPRC Praised for Transparent Disbursement of Frontier Exploration…
A regional energy policy organisation has applauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its management of the Frontier Exploration Fund (FEF) and its cooperation with the Nigerian National Petroleum Company Limited (NNPC Ltd.).…
Lagos Govt Seals ShopRite Outlet Over Alleged Tax…
Operations at the Shoprite outlet located inside Ikeja City Mall in Lagos were temporarily halted after the Lagos State Internal Revenue Service (LIRS) enforced a closure order over alleged tax-related violations. Officials from the state…
USD to NGN Black Market & CBN Rates…
Nigeria’s foreign exchange market continues to draw attention as the naira–dollar exchange rate fluctuates across both the official and parallel markets. On December 10, 2025, currency traders in Lagos reported notable differences between the rates…