The exchange rate between the United States dollar and the Nigerian naira continues to draw attention from traders, businesses, and individuals monitoring the foreign exchange market. Black Market (Parallel Market) Rate At... Read more »

Nigerian households are facing higher energy costs following a fresh increase in the price of liquefied petroleum gas (LPG), commonly used for cooking, triggered by rising global oil prices linked to the... Read more »

As of Tuesday, March 3, 2026, the dollar-to-naira exchange rate on the Lagos Parallel Market widely referred to as the black market or Aboki rate remains volatile amid continued pressure on Nigeria’s... Read more »

The naira traded at varying rates against the United States dollar in the parallel market on Monday. Sources within Lagos’ Bureau De Change (BDC) segment disclosed that the dollar was sold at... Read more »

A Nigerian artisan, Clancy Owie, has raised concerns after more than ₦200,000 was allegedly withdrawn from his bank account without his authorisation, with the financial institution yet to reverse the transaction. Owie said... Read more »

The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by ₦101, raising the ex-depot rate from ₦774 to ₦875 per litre, a move that could trigger fresh fuel... Read more »

Nigeria’s Bonny Light has climbed to $80 per barrel, up from $70, marking its highest level since July 2025.  The surge follows coordinated military strikes on Iran by the United States and... Read more »

Residents of Lagos State are grappling with what many describe as an unprecedented surge in house rents, as accommodation costs across the metropolis continue to skyrocket amid worsening living conditions. Findings across... Read more »

Former presidential candidate Peter Obi has cautioned that the recent decline in food prices, while welcomed by many consumers, may carry serious long-term consequences for farmers and the nation’s agricultural sustainability. Speaking... Read more »