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 […]
Tag archives: Nigeria economy
Afenifere Cautions Tinubu Administration on World Bank’s 15-Year Economic Plan
The pan-Yoruba socio-political group, Afenifere, has urged the administration of President Bola Tinubu to exercise caution in adopting the recent recommendations made by the World Bank regarding Nigeria’s economic policies. This follows comments made by World Bank Senior Vice President Indermit Gill at the Nigerian Economic Summit Group (NESG) meeting in Abuja, where he suggested […]
Dollar to Naira Black Market Exchange Rate for 19th October 2024
Slug: dollar-naira-black-market-exchange-rate-october-19-2024 As of 19th October 2024, the black market exchange rate for Dollar to Naira in Lagos stands at ₦1710 for buying and ₦1725 for selling. These rates, obtained from sources at Bureau De Change (BDC) operators, reflect the ongoing depreciation of the Naira. In contrast, the Central Bank of Nigeria (CBN) official rate […]