Naira Strengthens Further, Closes Gap with Official Rate
|By Adejumo Adekunle- – Black market rate hits N1,500 per dollar – FX market shows narrowing disparity – CBN maintains interest rate pause The Naira has extended its upward…
Naira Weakens Further Against Dollar as Depreciation Continues for Second Day
|By Adejumo Adekunle – Parallel Market Sees Naira Drop to N1,580 per Dollar Official Exchange Rate Slips to N1,503.07 per Dollar Currency Faces Consecutive Declines Amid Forex Volatility The…
Naira Slips at Official Market, Holds Steady in Parallel Market as CBN Extends FX Sales
|By Adejumo Adekunle – Local currency weakens to N1,495.60/$1 at official window Black market rate remains stable at N1,610/$1 CBN extends FX sales to BDCs until May 30, 2025…
Naira Slides Marginally Against Dollar, Closes at ₦1536.58 on FMDQ as Black Market Stays Stable
|By Adejumo Adekunle – FMDQ Records Slight Naira Weakness by ₦2.2 Compared to Last Friday Black Market Holds Steady at ₦1662-₦1665 Despite Official Market Dip Positive Momentum Falters as Naira…
NNPCL Urged to Prioritize Local Refineries in Crude Allocation: Dangote Refinery at Risk
|By Adejumo Adekunle – Civil Society Raises Alarm Over Crude Supply Cuts Concerned Nigerians Demand Federal Intervention Impact of Naira-for-Crude Policy Under Scrutiny The Nigerian National Petroleum Company…
Nigeria’s Inflation to Ease Slightly in 2025 Amid Naira Rebound, CPPE Predicts
|By Adejumo Adekunle – Naira Recovery Expected: CPPE sees reduced exchange rate volatility aiding inflation moderation. Oil Market Boost: Trump’s presidency may drive global oil production and ease energy…
“NNPC Pumps Up Petrol Prices: Now ₦855 Per Liter!”
Babatunji Wusu – The Nigeria National Petroleum Company Limited (NNPCL) has raised the petrol pump price at its Lagos filling stations to ₦855 per liter. This adjustment comes just two…
APC, TINUBU GOVT HAVE CAUSED DISTRESS AMONG NIGERIANS – PDP
Babatubji Wusu – The Peoples Democratic Party (PDP) has accused the All Progressives Congress (APC) of causing sorrow, hardship, and insecurity among Nigerian workers and people. The opposition party announced…
CBN IDENTIFIES THE CAUSE OF THE NAIRA SHORTAGE
The cause of the naira shortage throughout the country has been revealed by the Central Bank of Nigeria (CBN). The top bank said that some people are hoarding the…
Naira falls 18% to N951.22/$ in Forex Market.
In the Nigerian Foreign Exchange Market (NAFEM), the value of the naira plummeted to N951.22 per dollar yesterday. The indicated exchange rate for NAFEM rose to N951.22 per dollar…
