EkoHotBlog reports that the naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor & exporter forex window on Monday. According to figures obtained from the FMDQ on Monday, the trading rates had closed at N686.96/$ on Friday. EDITOR’S PICKS Major Nigeria Newspaper Headlines Tuesday, June 20th, … Read more
Eko Hot Blog reports that Nigerian equities outpaced major global equities at the weekend in a sustained rally that had seen investors gaining about N3.3 trillion in the past three weeks. The sustained rally, triggered by the inauguration of President Bola Tinubu on May 29, has seen Nigeria’s average year-to-date return climbing to 15.12 per … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has lifted the restriction on cash deposits into domiciliary accounts. The apex bank made the disclosure in guidance to Deposit Money Banks (DMBs) after a meeting with the bankers’ committee on Sunday. The meeting was meant to provide further guidance to DMBs on the … Read more
EkoHotBlog reports that the Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex exchange (FX) market. This was part of a series of immediate changes to operations in the FX Market, in a bid to improve liquidity and stability. EDITOR’S PICKS Major Nigeria Newspaper Headlines Thursday, June 15th, 2023 … Read more
Eko Hot Blog reports that the naira is currently selling for as high as N750 – N755 per dollar at the investors and exporters (I&E) window. The situation arose on Wednesday as the Central Bank of Nigeria (CBN) gave commercial banks and dealers in the forex market the green light to sell forex freely at … Read more
Eko Hot Blog reports that President Bola Tinubu has urged Nigerians to “sacrifice a little more,” saying he feels their pains as the effects of the fuel subsidy removal bite harder. He made the plea during his Democracy Day National Broadcast on Monday morning. EDITOR’S PICKS READ: Full Text Of President Bola Tinubu’s Democracy Day … Read more
The Nigerian government has been unfriendly towards cryptocurrency trading in the past. It had always warned that crypto assets are risky investments. The government took its most significant step against crypto trading today by banning the largest exchange in the world from operating in Nigeria. Eko Hot Blog reports that Nigeria’s Securities and Exchange Commission … Read more
NITDA’s efforts drive digital transformation, as 120 million Nigerians gain internet access and the tech sector attracts $4.4 billion in investments, contributing to 18.5% of the nation’s GDP. NITDA empowers millions of Nigerians with digital literacy, training over 3.3 million individuals and saving the nation over N305 billion through efficient IT project implementation. Eko Hot … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has denied the devaluation of the naira. Earlier Thursday morning, Daily Trust exclusively reported that the apex bank had devalued the naira from the official rate of N461.6/ 1 USD to N631. However, reacting to the report in a tweet later Thursday morning, the … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Company (NNPC) Limited has revealed the reason for the increase in pump price at its outlets across the country. Recall that President Bola Tinubu, in his inaugural address on Monday, triggered panic buying across the country after declaring that “fuel subsidy is gone.” EDITOR’S PICKS Epe-Berger … Read more
Dangote has announced the market entry date for the first product of its refinery. EKO HOT BLOG reports that Business mogul Aliko Dangote on Monday said the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July, beginning of August this year”. This announcement was made … Read more
Black Market Dollar To Naira Exchange Rate Today, 22 May 2023 from the Aboki Fx market can be accessed below. EDITOR’S PICKS INSIGHT: Nigerians Are On The Brink Of A Tinubu Presidency; What Should They Expect? A Tale Of Misfortune: Ike Ekweremadu’s Descent From Luxury To Jail Demanding Accountability: The Push For Live TV Coverage At The Presidential Election … Read more
Telecom operators have issued a warning to banks that they may disconnect their services due to an outstanding debt of N120bn in USSD charges. EKO HOT BLOG reports that the Association of Licensed Telecommunications Operators of Nigeria (ALTON) has announced plans to disconnect Deposit Money Banks (DMBs) if they fail to pay the debt owed … Read more
Traders Jubilate As FCTA Reopens Garki Market. EKO HOT BLOG reports that the Garki International Market, Abuja, has been reopened by the FCT Administration. Recalls that the market was shut six days ago over poor sanitation. The Senior Special Assistant to the FCT Minister on Monitoring, Inspection and Enforcement, Ikharo Attah, who arrived the market … Read more
The black market Dollar to Naira rate popularly known as Aboki exchange rate Today 8th May 2023 can be accessed below. EDITOR’S PICKS Call For mercy: Omokri Urges Buhari To Intervene In Ekweremadu’s Case NEDC: Buhari Urges Senate to Confirm 12 Nominees for Governing Board All Nigerians Stranded In Sudan Are Now Back Home Safely –FG Kindly be informed … Read more
The black market Dollar to Naira rate popularly known as Aboki exchange rate Today 5th May 2023 can be accessed below. EDITOR’S PICK Buhari Under Pressure From NLC To Intervene For Nigerians Trapped In Sudan Atiku Lauds Iwuanyanwu’s Election as Ohanaeze Ndigbo President-General National Assembly Member-Elect Ismaila Yushau Maihanchi Passes Away: A Big Blow to the PDP Family Please … Read more
The black market Dollar to Naira rate popularly known as Aboki exchange rate Today 4th May 2023 can be accessed below. Please take note that the exchange rate is subject to hourly fluctuations which are influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at ₦740 and sell … Read more
The black market Dollar to Naira rate popularly known as Aboki exchange rate Today 3 May 2023 can be accessed below. EDITOR’S PICKS Lagos Goes Clean, Takes Delivery Of Electric Buses For Public Transport ALERT: Major Electrical Fault Disrupts Water Supply In Lagos ‘A Rare Gem Has Passed’ — Epe Kayo-Kayo Festival Committee Mourns Nimotallahi Ejide’s Demise Please take … Read more
The black market Dollar to Naira rate popularly known as Aboki exchange rate Today 2 May 2023 can be accessed below. EDITOR’S PICKS Lagos Goes Clean, Takes Delivery Of Electric Buses For Public Transport ALERT: Major Electrical Fault Disrupts Water Supply In Lagos ‘A Rare Gem Has Passed’ — Epe Kayo-Kayo Festival Committee Mourns Nimotallahi Ejide’s Demise Please take … Read more
Employees working in the telecoms industry have put forward a notice of a three-day strike. The workers made this known in a letter made available to journalists on Sunday in Lagos. The strike might cause telecommunications network disruptions. EKO HOT BLOG reports that the Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has … Read more