Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced... Read more »

The local currency exchanged at below N1000 at some segments of the parallel market as of late Sunday. Former presidential aide on digital communications, Bashir Ahmad, took to X to celebrate this,... Read more »

The naira makes as much as 7.16 per cent gain against the dollar at the official market on Friday. The naira on Friday experienced huge appreciation at the official market, trading at... Read more »

The Naira on Thursday rose to an eight-month high of 1,120 per dollar on the parallel market, popularly called black market, driven by a series of foreign exchange (FX) reforms of the... Read more »

Billionaire industrialist Aliko Dangote has said his refinery’s ability to sell diesel at significantly discounted prices will provide immediate relief to Nigeria’s inflation woes.He disclosed this to newsmen on Wednesday after visiting... Read more »

This is surely not the best of times for currency speculators, as their bets on the Naira against the Dollar are getting their fingers burned too fast, and they seem helpless at... Read more »

Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between N700 and N850/litre,... Read more »

Naira may be on course to regain N1000/$ (an exchange rate though implausible as early as a month ago) in the near time if the current bullish outlook of the market is... Read more »

The Lagos State Government has mandated supermarkets and grocery stores throughout the state to display price tags on all products, warning that failure to comply may result in the sealing of non-compliant... Read more »