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The ongoing conversation surrounding Nigeria’s fuel supply strategy has taken a new turn, with industry stakeholders strongly opposing recent suggestions encouraging the importation of petrol. The development has sparked intense reactions across the energy sector,…
The value of the Nigerian Naira against the United States Dollar continues to draw attention, especially within the informal currency market commonly referred to as the parallel market. Many Nigerians rely on this segment to…
Nigeria’s equities market experienced a strong upward movement in September 2025, delivering substantial gains to investors as improved sentiment followed recent policy adjustments by the Central Bank of Nigeria (CBN). Policy Adjustment Sparks Market Momentum…
The Nigerian foreign exchange space continues to fluctuate as the Naira trades against the US Dollar across both informal and official channels. Daily movements in rates remain a key concern for individuals and businesses relying…
The exchange rate between the US Dollar and the Nigerian Naira continues to fluctuate, with noticeable variations between the official market and the parallel (black) market. These daily shifts remain crucial for traders, businesses, and…
Nigeria’s state oil company, Nigerian National Petroleum Company Limited (NNPCL), has reported a significant jump in profit for August 2025, showcasing financial resilience despite ongoing production challenges in the oil and gas sector. Profit Growth…
The start of October 2025 has brought noticeable movement in Nigeria’s foreign exchange market, with the Naira trading at elevated levels against the US Dollar in the parallel market. These shifts continue to influence business…
The Nigerian foreign exchange space continues to reflect a widening reliance on the parallel market, as many individuals track daily movements in the Dollar to Naira rate to guide financial decisions. Latest Black Market Rates…
Nigeria’s public finance landscape witnessed a major milestone as the Federation Account Allocation Committee (FAAC) approved the disbursement of a record-breaking ₦2.225 trillion to the three tiers of government and other beneficiaries for August 2025.…
A major shift is unfolding in Nigeria’s downstream oil sector as Dangote Refinery begins distributing petroleum products to independent marketers at no transportation cost, a move already stirring optimism among industry players and consumers alike.…