The Central Bank of Nigeria (CBN) has authorized the sale of dollars to Bureau de Change (BDC) operators at a rate of N1,580 per dollar in a bid to improve liquidity in the foreign exchange market.  

In light of the recent hike in petrol prices and ongoing food supply challenges facing the country, economists have cautioned that the number of Nigerians living below the poverty line could soon surpass the 104 million projected by the World Bank for 2023. 

Dangote Petrol to Flood Market Sept 15 – NNPCL The Nigerian National Petroleum Company Limited (NNPCL) has said Premium Motor Spirit or petrol from the Dangote Refinery will begin to flood the market from September 15, 2024. The company who revealed this in a statement signed...

National Workshop on Climate Change Implementation Held The National Council on Climate Change (NCCC) hosted a one-day national consultative workshop to assess Nigeria's progress in implementing its Nationally Determined Contributions (NDCs) on climate change. According to Spokesperson of NCCC, Ahmed Danbaza, the workshop, hm brought together...

Naira Crashes by N34 Against Dollar at Parallel Market The downward slide of the local currency worsened yesterday as the naira exchanged for N1, 639.41 to a dollar at the official rate. The figure yesterday indicated a whooping loss of N34 after the dollar exchanged for...

FOCAC: Tinubu Harps on Political Non-interference as China Pledges $50bn for Africa  President Bola Tinubu on Thursday in Beijing, China, emphasized the importance of global collaboration in achieving shared progress and prosperity. Speaking at the opening ceremony of the 2024 Summit of the Forum on China-Africa...