As of Wednesday, April 16, 2025, the exchange rate for the US dollar to Nigerian naira in the Lagos parallel market, commonly known as the black market, stands at ₦1600 for buying... Read more »

In a fresh move to reflect global market trends, Dangote Petroleum Refinery has once again reduced the pump price of Premium Motor Spirit (PMS), widely known as petrol. The new price stands... Read more »

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has raised alarm over the adverse impact of U.S. foreign policy decisions particularly those attributed to... Read more »

Dollar to Naira Exchange Rate Today – Black Market (Tuesday, April 15, 2025) As of Tuesday, April 15, 2025, the exchange rate between the United States dollar (USD) and the Nigerian naira... Read more »

The National Bureau of Statistics (NBS) has reported a continued upward trend in Nigeria’s headline inflation, which climbed to 24.23% in March 2025. This represents a 1.05 percentage point increase from the... Read more »

The Federal Government has reiterated its commitment to phasing out the importation of photovoltaic (PV) solar panels into Nigeria, citing over N200 billion spent so far on these imports. The move is... Read more »

As of Monday, April 14, 2025, the exchange rate for the US Dollar against the Nigerian Naira at the Lagos Parallel Market, commonly referred to as the black market, stands at ₦1610... Read more »

Stanbic IBTC Bank has reportedly fallen victim to a sophisticated cyberattack, resulting in a staggering loss of ₦576,664,517. The breach, which exploited vulnerabilities in the bank’s internal security systems, has prompted swift... Read more »

As of Sunday, April 13, 2025, the exchange rate for the U.S. dollar to the Nigerian naira at the Lagos parallel market, commonly known as the black market, remains active and competitive.... Read more »