The Independent Petroleum Marketers Association of Nigeria (IPMAN) has requested that billionaire Aliko Dangote reconsider his pricing strategy for petrol, following claims of a boycott by independent marketers. IPMAN President Abubakar Garima addressed these issues, stating that, despite an advance payment of ₦40 billion to the Nigerian National Petroleum Company Limited (NNPCL), IPMAN members are […]
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Dollar to Naira Black Market Exchange Rate Hits N1700 on October 15, 2024
On October 15, 2024, the dollar to naira exchange rate in the black market (also known as the parallel market) reached N1696 for buying and N1700 for selling, according to reports from Bureau De Change (BDC) operators in Lagos. The Central Bank of Nigeria (CBN) maintains that it does not recognize the black market for […]