As of January 17, 2025, the prices of staple food items in Nigeria have surged dramatically, driven by inflation, currency depreciation, and the devastating effects of recent flooding on agricultural production. This... Read more »

As of January 17, 2025, the cost of cooking gas, also known as Liquefied Petroleum Gas (LPG), in Nigeria has risen significantly, straining household budgets across the country. The average retail price... Read more »

At the Lagos Parallel Market (Black Market), the exchange rate for the U.S. dollar to Nigerian naira is as follows: According to sources at Bureau De Change (BDC), these rates reflect the... Read more »

Landmark Africa Group has signed a groundbreaking agreement with the Enugu State Government to lease the iconic Nike Lake Resort, a 150-hectare tourism landmark, for 35 years. Gists9ja reports that this collaboration... Read more »

Black Market (Parallel Market) Rates: According to sources from Bureau De Change (BDC), these are the rates being traded in the Lagos Parallel Market (Black Market) on Tuesday, January 14, 2025. CBN... Read more »

The price of Premium Motor Spirit (PMS, or petrol) and other refined petroleum products saw a significant increase at depots on Monday, raising concerns about potential adjustments to pump prices across the... Read more »

On Monday, January 13, 2025, the exchange rate for the US dollar to Nigerian naira at the Lagos Parallel Market (Black Market) was as follows: CBN Exchange Rate The Central Bank of... Read more »

The Nigerian naira continued its depreciation against the U.S. dollar at the official foreign exchange market on Monday. According to data from FMDQ, the naira weakened to N1,548.89 per dollar on Monday,... Read more »

Emerging reports suggest that the Bola Ahmed Tinubu-led administration is preparing to disclose the names of 18 banks allegedly owing nearly ₦200 billion to Nigerian telecommunications operators for Unstructured Supplementary Service Data... Read more »