The exchange rate between the United States dollar and the Nigerian naira continued to attract attention at the Lagos parallel market, commonly referred to as the black market or “Aboki” market. As... Read more »

The exchange rate between the United States dollar and the Nigerian naira remained under pressure in the parallel market on Friday, as the naira continued to trade significantly weaker outside the official... Read more »

The Nigerian Naira remained stable against the United States dollar on Friday, January 16, 2026, trading around ₦1,422 per dollar in the official market and about ₦1,470 per dollar in the parallel... Read more »

The Federal Government has directed all commercial banks, microfinance institutions and fintech platforms to begin the collection and remittance of a 7.5 per cent Value-Added Tax (VAT)on selected electronic banking service fees.... Read more »

The naira continued to trade under pressure against the United States dollar at the Lagos parallel market, as the exchange rate remained elevated amid sustained demand for foreign currency. According to information... Read more »

The price war in Nigeria’s downstream petroleum sector has intensified, with several retail outlets slashing the pump price of Premium Motor Spirit (PMS) below the ₦739 per litre benchmark recommended by the... Read more »

The exchange rate between the United States dollar and the Nigerian naira continues to draw close attention as businesses, travelers, and investors monitor daily movements in the foreign exchange market. As of... Read more »

The exchange rate between the United States dollar and the Nigerian naira at the Lagos parallel market, commonly known as the black market, continues to attract attention from traders and the general... Read more »

The naira continued to trade under pressure against the United States dollar at the Lagos parallel market, as foreign exchange dealers quoted the dollar at ₦1,480 for selling and ₦1,477 for buying,... Read more »