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Business and Economy
Deserted Depots as Petrol Landing Cost Hits N720/litre: Looming Fuel Scarcity
By Daniel EduPetroleum product depots across Nigeria are seeing a decline in activity due to a shortage of products caused by foreign exchange rate...
“Naira Depreciates to N756.21 Against the Dollar at Investors and Exporters Window”
By Milcah TanimuOn Wednesday, the Nigerian naira experienced a depreciation against the US dollar as it was traded at a rate of N756.21 at...
Federal Government Plans to Convert 10 Million PMS Vehicles to CNG
The Federal Government of Nigeria has unveiled an ambitious plan to convert 10 million Premium Motor Spirit (PMS) vehicles to Compressed Natural Gas (CNG)...
Economic Crisis Forces States to Borrow N46 Billion from Banks to Cover Salaries
Amidst a growing economic crisis and dwindling internally generated revenue (IGR), state governments in Nigeria have resorted to borrowing approximately N46.17 billion from three...
“NITRA Lauds Danbatta for Attracting a Whopping $77 Billion into Nigeria’s Telecom Sector”
By Joyce Remi-BabayejuA stakeholder group in the ICT sector, the Nigeria Information Technology Reporters' Association (NITRA), has commended the Executive Vice Chairman of the...
Stakeholder Group Applauds Prof. Danbatta’s Transformative Achievements in Nigeria’s Telecom Sector
In a resounding chorus of applause, the Nigeria Information Technology Reporters' Association (NITRA), a prominent stakeholder group in the country's Information and Communication Technology...
“Dollar to Naira Black Market Rate for 1st October 2023:
By Daniel EduBuying Rate: N998
Selling Rate: N1003Please note that exchange rates may vary, and individuals are encouraged to use official banking channels for foreign...
Federal High Court Orders Kano Government to Pay N30 Billion Compensation to Demolished Shop Owners
A Federal High Court in Kano has ruled that the Kano State Government must pay a compensation of N30 billion to shop owners whose...
As of September 29, 2023, the black market exchange rate for the US Dollar to the Nigerian Naira (NGN) is as follows:
By Daniel Edu- Buying Rate: ₦995 NGN
- Selling Rate: ₦1,000 NGNPlease be aware that these rates are subject to change, as prices in the...
Food Prices Surge by 31%, Led by Ebonyi and Abia States, Reports NBS
By Daniel EduIn a concerning trend, food prices in Nigeria have witnessed a significant increase of 31% within a span of 12 months, from...
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