Lawmakers Appeal for Fuel Price Reduction The House of Representatives Committee on Petroleum Resources (Upstream) has urged the Federal Government and the Nigerian National Petroleum Company Ltd. (NNPCL) to reconsider the recent fuel price hike. In a statement from Abuja, committee Chairman Alhassan Ado-Doguwa described the price increase as unacceptable and harmful to Nigerians. Doguwa […]
Author archives: Gloria
Dollar to Naira Exchange Rate Update: Black Market Rates for September 6, 2024
Current Dollar to Naira Exchange Rates What is the current exchange rate for the U.S. Dollar to the Nigerian Naira in the black market, also known as the parallel market (Aboki fx)? Below are the rates for September 5, 2024. You can trade your dollar for naira at the following rates. Black Market Exchange Rate […]
Fuel Supply Expected to Normalize by Weekend, Says Minister After Meeting with VP Shettima
The Minister of Petroleum Resources, Heineken Lokpobiri, announced that Premium Motor Spirit (petrol) would be available across Nigeria by the weekend. This follows a high-level meeting involving Vice President Kashim Shettima, Nigerian National Petroleum Company Limited (NNPCL) CEO Mele Kyari, and other key officials at the Presidential Villa. Lokpobiri assured Nigerians that efforts were being […]
CNG Condemns Fuel Price Hike, Calls for Urgent Government Action
The Coalition of Northern Groups (CNG) has voiced strong opposition to the recent fuel price increase in Nigeria, implemented by the Nigerian National Petroleum Company Limited (NNPCL). Prices have jumped from ₦568-₦617 to ₦855-₦897 per litre, with independent marketers selling fuel as high as ₦1,200 per litre. In a statement, CNG National Coordinator, Comrade Jamilu […]
Sub-Saharan Africa to Contribute 25% of Global Workforce, Report Reveals
A new study by Bridgewater Associates, Global Citizen, and Harith General Partners reveals that Sub-Saharan Africa is poised to account for 25% of the global workforce in the coming decades. The report highlights the region’s demographic transformation, with its share of the global working-age population expected to rise from 10% to 25%. The report emphasizes […]
Stakeholders Advocate Value-Added Exports to Boost Nigeria’s Economic Growth
At the 2024 Zenith Bank International Trade Seminar, experts emphasized the importance of value-added exports to drive Nigeria’s economic growth. They urged the processing of non-oil export products into semi-finished and finished goods as a key strategy for unlocking significant economic benefits. During the seminar, themed “Nigerian Non-Oil Export Industry: Awakening the Giant,” Dr. Adaora […]
FG Declares State of Emergency at Onne Port Over Arms and Dangerous Cargo Imports
The Federal Government has declared a three-month state of emergency at Onne Port in Rivers State due to recurring incidents of illegal importation of arms and dangerous cargo. The Comptroller-General of Customs, Bashir Adeniyi, announced the emergency protocols during a press briefing, citing national security concerns and increased threats to public health. Adeniyi highlighted the […]
Customs Intercepts N9bn Worth of Contraband in July – FOU Controller
The Nigeria Customs Service, Federal Operations Unit (FOU) Zone A, Ikeja, revealed that it seized 70 contraband items valued at N8.9 billion in July 2024. Kola Oladeji, the Customs Area Controller, disclosed this during a display of the seized goods in Lagos. The seized items included 6,168 pieces of donkey skins, 37,630 sachets of tramadol, […]
Subscribers Face Portal Glitches as NIN-SIM Linkage Deadline Approaches
As the September 15 deadline for the National Identification Number (NIN) and Subscriber Identification Module (SIM) linkage nears, many Nigerian subscribers are experiencing technical challenges while attempting to upload their details on the National Identity Management Commission (NIMC) portal. The President of the National Association of Telecommunications Subscribers (NATCOMS), Adeolu Ogungbanjo, has raised concerns over […]
Nigeria, victim of conspiracy of silence
By Abu Quassim NIGERIAN politicians surprise me. As I read or listen to the views of many politicians on the current state of the nation, I wonder why they are just realising that things would get to this stage. Many Nigerians who are not in the corridors of power and not privileged to have access to […]