The naira declined against the dollar in both the official and parallel foreign exchange markets, closing the week with a downward trend. According to FMDQ data, the naira slightly weakened to N1,541.68 per dollar on Friday, compared to N1,541.38 on Thursday, reflecting a loss of N0.3. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and … Read more
The naira strengthened against the dollar on the parallel foreign exchange market on Wednesday. Bello, a Bureau de Change operator at Garki, Abuja, confirmed to EKO HOT BLOG that the naira traded at N1,660 per dollar, improving from N1,675 on Tuesday, marking a gain of N15. EDITOR’S PICKS PDP Declares Ethiope East Federal Seat Vacant … Read more
Nigerians are bracing for a steep increase in petrol prices following the Nigerian National Petroleum Company Limited’s (NNPC Ltd) decision to end its exclusive purchase agreement with Dangote Refinery, according to a report by Premium Times. The shift is expected to drive the cost of petrol to a minimum of ₦991.21 per litre from the … Read more