Nigeria has announced plans to establish a groundbreaking $10 billion diaspora fund. The fund aims to attract investments from its substantial overseas population to bolster key...
A recent report by the National Bureau of Statistics (NBS) has highlighted a dramatic increase in the prices of staple food items across Nigeria, with key...
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to...
The Nigerian naira experienced a decline in value against the US dollar, reaching ₦1,320 per dollar at the parallel section of the foreign exchange (FX) market...
Dangote Cement Plc has declared ₦817.4 billion in revenue for the first three months of 2024. This translates to a 101% increase when compared to ₦406.7...
Travellers across Nigeria may soon find relief in their wallets as the price of Jet A1, the primary fuel used by airlines, significantly drops. The latest...
The Federal Government of Nigeria has incurred an additional N3.8 trillion in Ways and Means borrowing from the Central Bank of Nigeria (CBN) in the last...
This week, there has been a notable reduction in cement prices across Nigeria, influenced by various market dynamics and government interventions. Initially, a standard 50kg bag...
In a welcome development for consumers across Nigeria, the price of rice and other essential food commodities has significantly decreased this week. The price drop brings...
A prominent financial data and media company, Bloomberg, has recently ranked the Dangote Refinery in Nigeria higher than the top 10 largest refineries in Europe. Based...
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to...
Air Peace, a prominent Nigerian airline, is gearing up to launch its much-anticipated flight route from Abuja to London, expanding its international footprint, announced Festus Keyamo,...
The digital lending landscape in Nigeria has witnessed significant growth, with an array of licensed loan app companies offering credit facilities to both individuals and businesses....
The Nigerian naira took a steep dive on Thursday afternoon, hitting N1,450 per dollar in the parallel market, marking an 8.28% decline or a N120 difference...
Telecommunications companies in Nigeria, including Airtel, MTN, 9Mobile, and Glo, are advocating for a tariff increment, citing economic realities and sustainability concerns. The move, proposed in...
PZ Cussons has announced it’s intention to exit Africa’s business environment. Speaking on Wednesday, April, 24, the company said it has begun a strategic review of...
Nigerian telecom operators have reiterated their request for an upward tariff revision to counterbalance the escalating expenses associated with their operations and investments in the sector....
Despite Dangote Industries’ notable price reduction on diesel, many Nigerians continue to struggle with the high cost of the fuel essential for powering generators, trucks, and...
The President of the All Farmers Association of Nigeria (AFAN), Kabir Ibrahim, has revealed that imported rice from India carries a landing cost of $58 per...
The naira experienced a significant depreciation, falling to ₦1,300 per dollar in the parallel foreign exchange market on Wednesday, a 3.17 per cent drop from its...