BREAKING: Nigeria’s Inflation Rate Drops To 24.48%

Nigeria’s inflation rate has decreased significantly to 24.48% year-on-year in January 2025, according to the latest data from the National Bureau of Statistics (NBS). This marks a sharp drop from the 34.80%... Read more »

Real Reason Naira Appreciating Against Dollar At Black Market

The National President of the Association of De Change Operators, Aminu Gwadebe, has revealed that the pick-up of the interbank proceeds to Bureaux de Change as directed by the Central Bank of... Read more »

Firm Commences Environmental Impact Assessment Survey for Gas Gathering Infrastructure Development

Ace Gas & FLNG Company Ltd (ACE FLNG) have commenced the Environmental Impact Assessment (EIA) study for the Floating Liquefied Natural Gas (FLNG) project in Nigeria. The Group Managing Director/Chief Executive Officer... Read more »

Price Of Bag Of Rice, Beans, Tomatoes, Other Food Commodities

As of mid-February 2025, Nigeria continues to face soaring food prices, placing immense pressure on household budgets and worsening food insecurity nationwide. The cost of staple commodities such as rice, beans, and... Read more »

Cement Prices in Nigeria Fluctuate Amid Economic Challenges

As of February 2025, cement prices in Nigeria have experienced significant fluctuations due to multiple economic factors, including currency devaluation, the removal of fuel subsidies, and shifting market dynamics. These changes have... Read more »

Price Of Refilling Cooking Gas Per Kg In Nigeria

As of mid-February 2025, the cost of refilling Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has surged across Nigeria. In certain areas, prices have reached as high as ₦1,500 per... Read more »

Naira Gains N15 Against Dollar At Black Market

The Naira gained N15 against the dollar at the parallel foreign exchange market in the past five days. Analysis of the week’s FX data showed that the Naira strengthened at the black... Read more »

BREAKING: Dangote Refinery Reduces Diesel Price

Dangote Petroleum Refinery & Petrochemicals has announced another reduction in diesel prices, lowering the rate to ₦1,020 per litre from its previous price of ₦1,075 per litre. This move is part of... Read more »

Current Black Market Dollar (USD) To Naira (NGN) Exchange Rate 

As of Tuesday, February 11, 2025, the exchange rate between the U.S. dollar (USD) and the Nigerian naira (NGN) in the Lagos parallel market (commonly known as the black market) remains volatile.... Read more »

MRS Oil Reduces Petrol Prices Across Nigeria Following Dangote Refinery’s Price Cut [See New Price]

MRS Oil has announced a downward revision in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, across its retail outlets in Nigeria. In Lagos State, the price has... Read more »