Category archives: Business

Today’s dollar to naira exchange rate at the black market (also known as the parallel market) is as follows: These rates were reported from sources at the Bureau De Change (BDC) for Saturday, 21st September 2024. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals seeking […]

As of September 20, 2024, the Dollar to Naira exchange rate at the black market has reached N1655 for buying and N1665 for selling. These rates were reported by Bureau De Change operators in Lagos. While the Central Bank of Nigeria (CBN) sets the official rate at N1593 for buying and N1594 for selling, it […]

The Nigerian Presidency has stated that Coca-Cola’s $1 billion investment will succeed under President Bola Tinubu’s administration, countering criticisms of a similar failed commitment in 2021. Bayo Onanuga, Special Adviser to the President on Information and Strategy, explained that the previous investment did not materialize due to a challenging business environment under former President Muhammadu […]

The revenue generated by Nigeria’s railway sector reached ₦1.69 billion in the second quarter of 2024, a substantial 53.14% increase from ₦1.10 billion in the same quarter last year, according to the National Bureau of Statistics (NBS). The Nigerian Railway Corporation (NRC) reported that 689,263 passengers utilized rail services during Q2 2024, marking a 45.38% […]

The Central Bank of Nigeria (CBN) has officially stated that it has not reinstated the previously suspended cybersecurity levy on electronic transfers, despite recent media reports suggesting otherwise. Initially mandated on May 6, 2024, the 0.5 percent levy on electronic transfers was quickly withdrawn by the CBN just two weeks later, suspending its implementation. Recent […]

Nigerians expressed frustration after the first batch of petrol from the Dangote Refinery hit the market, as prices exceeded expectations. Many hoped for a price reduction with local refining, but the Nigerian National Petroleum Company Limited (NNPCL) priced the fuel higher than imported petrol, with prices ranging from N855 to N950 per liter, depending on […]

Nigerians expressed frustration after the first batch of petrol from the Dangote Refinery hit the market, as prices exceeded expectations. Many hoped for a price reduction with local refining, but the Nigerian National Petroleum Company Limited (NNPCL) priced the fuel higher than imported petrol, with prices ranging from N855 to N950 per liter, depending on […]

Dollar to Naira Exchange Rate in the Black Market – 20th September 2024 As of Thursday, September 19, 2024, the black market exchange rate for the dollar to naira stood at N1655 for buying and N1665 for selling at the Lagos Parallel Market. The rates are provided by Bureau De Change (BDC) operators. It is […]

Three major oil marketers are expected to import about 141 million litres of Premium Motor Spirit (PMS) to Nigeria this week, following the Federal Government’s full deregulation of the downstream oil sector. The vessels, carrying 105,000 metric tonnes of PMS, are anticipated to arrive in the country soon. This comes after the Nigerian National Petroleum […]

The black market exchange rate for the dollar to naira on September 17, 2024, stands as follows: buyers can exchange one dollar for ₦1,650, while sellers offer it at ₦1,660, according to sources from the Lagos parallel market. It is important to note that the Central Bank of Nigeria (CBN) does not recognize these black […]