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![Today's Naira Rate [27-03-2025]: Naira Gains to N1,575/$ in Parallel Market, Official Rate Drops](/data/attachments/214/214842-60e0ff3dc917baac172aaee8ae40e657.jpg?hash=PERHMQHP25)
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Today's Naira Rate [27-03-2025]: Naira Gains to N1,575/$ in Parallel Market, Official Rate Drops
The naira appreciated to N1,575/$ in the parallel market but depreciated to N1,535/$ in the official forex market, narrowing the rate gap to N40/$. Analysts attribute fluctuations to forex reforms and market demand, urging policy measures for stability.
The Naira experienced mixed movements in...
Nigerians face another fuel price hike as the landing cost of petrol rises to ₦885/litre. With retail prices nearing ₦1,000/litre and Dangote Refinery halting naira sales, experts warn of worsening economic strain. Rising import costs and market shifts could further increase pump prices, adding...
Paystack faces legal challenges from Zap Africa, a cryptocurrency exchange, over the use of the name "Zap" for its new mobile app. Zap Africa, claiming exclusive trademark rights, plans to take legal action. Experts discuss the implications of the trademark dispute and its potential impact on...
The Federal Government has launched the 125km Benin-Asaba superhighway, fully financed by Africa Plus Partners under a Public-Private Partnership (PPP). The dual-carriageway, featuring solar lighting, aims to boost economic growth. Officials highlight it as a milestone in infrastructure...
Paystack has launched Zap, a lightning-fast money transfer app for Nigerian consumers. Designed for seamless transactions, Zap challenges fintech giants like OPay and PalmPay. While pricing may be higher, Paystack bets on superior speed and reliability to attract users. CEO Shola Akinlade hints...
In March 2025, the Dangote Petroleum Refinery exported over 2 million barrels of jet fuel to the United States, marking a significant milestone in its global influence. Experts praise the refinery for boosting Nigeria's global reputation and call for more support to sustain its success.
The...
The National Identity Management Commission (NIMC) warns cyber cafes and businesses against unauthorized NIN card printing, stating it violates the NIMC Act. Security agencies have been alerted to arrest offenders. NIMC plans to launch an enhanced General Multi-Purpose Card (GMPC) as the only...
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that Benin and Togo owe Nigeria $8.84 million for electricity consumed in the fourth quarter of 2024. Despite some payments, overall remittances by international customers remain low, raising concerns over Nigeria's energy...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized depot owners for stockpiling petrol following Dangote Refinery’s suspension of naira sales. Amid rising fuel prices, IPMAN warns marketers against panic buying, as talks between the Federal Government and Dangote...
Air Peace is offering a 15% discount on economy-class tickets for students flying between Nigeria and London. Eligible students must provide a valid student ID, visa, and enrollment verification letter. The discounted tickets are non-transferable and non-refundable, with the promo running until...
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