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![Today's Naira Rate [04-04-2025]: Naira Hits New Low, Official Exchange Rate Plummets to N1,600 per Dollar](/data/attachments/215/215127-da621b1781c7fb8e0597b4f7c3e7f9c2.jpg?hash=PERHMQHP25)
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The Nigerian National Petroleum Company (NNPC) has ended its naira-for-crude deal with local refineries, including Dangote Petroleum Refinery. This decision could lead to higher petrol prices as refineries will now source crude oil from international markets, potentially impacting Nigeria's...
Nigerian travelers face high visa fees in certain countries, with the U.S. ($185), UK ($150), and India ($585) among the most expensive. Schengen visas cost €90, while Canada requires CAD 185. Understanding these fees helps travelers plan better and manage expenses for international trips.
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The Nigerian government has launched a free cesarean section and emergency pregnancy treatment program to reduce maternal mortality. Announced by Health Minister Ali Pate, the initiative covers life-threatening complications and vesicovaginal fistula treatment. Hospitals will be reimbursed...
Dangote Group paid ₦402.3 billion in taxes in 2024, emerging as Nigeria’s top taxpayer. Recognized by FIRS for tax compliance, the company, including Dangote Cement and NASCON, continues to drive industrial growth. Chief Branding Officer Anthony Chiejina reaffirmed Dangote’s commitment to...
![Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips](/data/attachments/214/214166-0fb08536d850cb6a807146355debd9a2.jpg?hash=hFfFcRmkeL)
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Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips
The naira appreciated to N1,512 per dollar in the black market while weakening slightly to N1,505 per dollar in the official forex market. The exchange rate gap narrowed to N7 per dollar as the CBN continued interventions. Experts assess the impact on inflation, imports, and investor confidence...
The Federal Executive Council (FEC) has approved ₦10.3 billion for HIV drugs, diabetes diagnostic kits, and medical equipment to improve healthcare access. The funds cover antiretroviral drugs, locally made test kits, essential medications, and hospital upgrades, reinforcing Nigeria’s commitment...
The Federal Government plans to reduce Nigeria’s 256 prisons, citing inefficiencies and overcrowding. Minister of Interior, Dr. Olubunmi Tunji-Ojo, proposed redistributing inmates and reforming correctional facilities to focus on rehabilitation. He also called for humane treatment of prisoners...
Nigeria’s Minister of Power, Adebayo Adelabu, says the proposed electricity tariff hike will boost available power generation to 7,000MW. He highlights recent milestones, including a record 5,801.84MW peak evacuation, and emphasizes tariff reforms to enhance sector liquidity, reduce subsidies...
![Today's Naira Rate [06-03-2025]: Naira Appreciates to ₦1,512 Per Dollar in Parallel Market](/data/attachments/214/214131-d02439c35f9abca9788b3e77aeaa33b6.jpg?hash=PERHMQHP25)
The Nigerian naira appreciated to ₦1,512 per dollar in the parallel market, narrowing the gap with the official exchange rate. However, fluctuations persist due to declining foreign reserves and forex market volatility. Analysts suggest further CBN intervention may be necessary to stabilize the...
The FCCPC has filed charges against MultiChoice Nigeria and CEO John Ugbe for allegedly violating regulatory directives and obstructing an ongoing investigation. The commission claims the company failed to comply with consumer protection laws. The lawsuit marks another regulatory crackdown on...
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