The Central Bank of Nigeria (CBN) has issued a stern warning to all financial institutions across the country, announcing that they will face severe penalties if they fail to address the ongoing... Read more »

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced a price reduction for Premium Motor Spirit (PMS) by the Nigerian National Petroleum Company Limited (NNPCL), lowering the cost for... Read more »

As of Thursday, November 28, 2024, the exchange rate for the U.S. dollar to the Nigerian naira at the Lagos Parallel Market (Black Market) is as follows: It is important to note... Read more »

Femi Fani-Kayode Defends NNPC’s Port Harcourt Refinery Revival Amid Criticism Femi Fani-Kayode, former Nigerian Minister of Tourism, has come out in defense of the Nigerian National Petroleum Company Limited (NNPCL) following recent... Read more »

As of Wednesday, November 27, 2024, the exchange rate for the dollar to naira at the Lagos Parallel Market (Black Market) is as follows: In contrast, the Central Bank of Nigeria (CBN)... Read more »

PETROAN Raises Concerns Over Pricing of Petrol from Port Harcourt Refinery The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed concerns about the pricing of Premium Motor Spirit (PMS)... Read more »

Dollar to Naira Exchange Rate Today (Black Market/Aboki Rate) As of Tuesday, November 26, 2024, the exchange rate for the US Dollar to the Nigerian Naira in the Lagos parallel market (also... Read more »

The Nigerian National Petroleum Company (NNPC) Ltd. has successfully fulfilled its commitment to re-streaming the Port Harcourt Refining Company (PHRC), marking a significant milestone in Nigeria’s energy sector. This development signals the... Read more »

As of Monday, November 25, 2024, the exchange rate for the US Dollar to Naira in the Lagos Parallel Market (often referred to as the black market) stands at ₦1,752 for buying... Read more »