Business
The rhythm of Nigeria's business world
Categories
Trending articles
-
-
Article 'EFCC, INTERPOL Hunt Down CBEX Fraudsters After ₦1.3 Trillion Ponzi Collapse'- Nigeria News
Comments: 0 -
-
-
Latest comments
-
-
Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
President Bola Tinubu has approved an increase in the retirement age for doctors and healthcare workers in Nigeria from 60 to 65 years. The decision, confirmed by the Nigerian Medical Association, aims to address the welfare of healthcare professionals. Arrears from medical salary adjustments...
The Federal Government has launched toll operations on the Abuja–Makurdi road to repay a $460.8 million loan. Tolls range from N500 to N1,600, with police and military vehicles exempt. The road, rehabilitated with a China Exim Bank loan, serves as a vital route for Nigeria's economic and...
Oil marketers are dropping their affiliations with the Nigerian National Petroleum Company Limited (NNPCL) due to fierce competition with Dangote Petroleum Refinery. With Dangote reducing its loading costs, marketers are rebranding their stations to secure cheaper fuel, reshaping Nigeria's fuel...
The Nigerian government has banned the export of crude oil allocated for domestic refineries, citing illegal exports and concerns over energy security. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) warns producers to comply or face export permit denial, aiming to stabilize local...
The Federal Executive Council (FEC) has approved a N4.8 billion fund to maintain HIV treatment programs in Nigeria after the suspension of U.S. development aid. The funds will procure 150,000 treatment packs over four months, aiming to reduce reliance on foreign assistance and ensure continuity...
![Today's Naira Rate [04-02-2025]: Naira Hits N1,590/$1 in Parallel Market Amid Forex Fluctuations](/data/attachments/213/213089-b0257b349600919a70cd121944ef0b9d.jpg?hash=FXjrHIaYd4)
Nigeria
Today's Naira Rate [04-02-2025]: Naira Hits N1,590/$1 in Parallel Market Amid Forex Fluctuations
The Nigerian Naira saw a significant appreciation in the parallel market on Monday, strengthening to N1,590 per US dollar from N1,610 the previous week. However, in the official foreign exchange market, the currency depreciated to N1,495.60 per US dollar, down from N1,474.78.
The Nigerian...
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau de Change (BDC) operators to purchase $25,000 weekly from banks until May 30, 2025. The extension aims to stabilize forex liquidity and regulate market volatility. Analysts remain divided on its long-term impact on Nigeria’s...
President Bola Tinubu has signed a bill establishing the Federal University of Environment and Technology (FUET) in Ogoni, Rivers State. The institution aims to address environmental justice, promote clean energy, and drive sustainable development. Officials praise the move as a step toward...
Olu Verheijen, special adviser to Nigeria's president on energy, clarifies her comments about electricity tariff hikes. She explains the 2024 tariff increase covers 65% of supply costs, with subsidies in place. Government initiatives like the Presidential Metering Initiative and targeted...
The Nigerian Federal Government plans to increase electricity tariffs over the next few months, aiming for a cost-efficient and cost-reflective system to attract private investment. However, there will be subsidies for lower-income users. This follows a previous tariff hike in 2024, amid ongoing...
PETROAN announces the commencement of fuel lifting from Port Harcourt and Warri refineries. The move follows recent rehabilitations, with both refineries now supplying various petroleum products. The restart has sparked hopes for lower fuel prices and better fuel quality in Nigeria, as...
Dangote Petroleum Refinery has reduced the ex-depot price of petrol from N950 to N890 per litre, effective February 1, 2025. The adjustment follows a decline in global crude oil prices. The refinery urges marketers to pass the benefits to consumers, aiming to ease fuel costs and lower living...
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.