As of Saturday, 7th December 2024, the exchange rate for the US dollar to the Nigerian naira at the Lagos Parallel Market (Black Market) shows the buying rate at N1640 and the... Read more »

In a concerning trend, 32 out of Nigeria’s 37 states saw zero capital importation—foreign investments—during the first nine months of 2024. This marks a significant rise from 2023, when 27 states attracted... Read more »

Naira Strengthens Against the Dollar Amid Improved Forex Market Transparency The Nigerian Naira saw a significant appreciation against the US Dollar on Friday, marking a positive end to the week. Data from... Read more »

As of Friday, December 6th, 2024, the exchange rate for the U.S. dollar to Nigerian naira at the Lagos Parallel Market (Black Market) is as follows: The Central Bank of Nigeria (CBN)... Read more »

NNPC Sells First Low-Sulfur Fuel Oil to Dubai-Based Firm, Marking Milestone in Export Operations The Nigerian National Petroleum Company Limited (NNPCL) has reportedly completed its first sale of low-sulfur straight-run fuel oil... Read more »

Dollar to Naira Exchange Rate (Black Market) on December 5, 2024 As of Thursday, December 5, 2024, the exchange rate for the U.S. dollar to the Nigerian naira at the Lagos Parallel... Read more »

Nigeria’s Ongoing Petrol Imports Remain High Despite Dangote and Port Harcourt Refineries’ Operations Despite the commencement of operations at the Dangote and Port Harcourt refineries, Nigeria’s petrol imports have reached an alarming... Read more »

As of Wednesday, December 4, 2024, the exchange rate for the U.S. dollar to Nigerian naira at the Lagos Parallel Market (commonly referred to as the black market) stands as follows: These... Read more »

Netflix has denied rumors suggesting that it plans to exit Nigeria, amidst growing speculation regarding its future in the country. The rumors gained traction following comments by Nigerian filmmaker Kunle Afolayan, who... Read more »