2 Fire Incidents In 48 Hours Ravage Properties Worth Millions Of Naira

Fire

EKO HOT BLOG reports that a shopping complex of 20 shops located in Ilorin, Kwara State, has been gutted by fire, destroying properties worth millions of naira. The incident, which occurred on Saturday around 6 am, affected a shop with N3.2million worth of people destroyed at Fufu Street, Sabo-Oke area in Ilorin East Local Government. … Read more

UK Approves Naira For Trade Financing

Naira

  EKO HOT BLOG reports that Britain will add the naira to its list of “pre-approved currencies” for financing transactions. This will enable United Kingdom (UK)’s export finance agency to provide financing for transactions with Nigerian businesses denominated in the local currency. EDITOR’S PICKS Delta Community Imposes N10,000 Fine, 40 Stroke For Ladies, Others Caught … Read more

CBN Declares Naira As Payout Option For Diaspora Remittances

Drop In Prices

EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has disclosed that the nation’s official currency, the naira can now stand as a payout option for remittances from the diaspora. The was contained in a circular dated July 10, 2023, and signed by CBN’s Director, Trade and Exchange Department, O.S. Nnaji. EDITOR’S PICKS … Read more

Why I Chose To Unify Exchange Rate, Refused To Partake In Arbitrage – Tinubu

President Bola Tinubu

Eko Hot Blog reports that President Bola Ahmed Tinubu Thursday in Lagos said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial hemorrhage. Speaking at a reception organised in his honour … Read more

Naira Weakens To 770.38/$ At Official Market

Naira

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

Huge Setback For Tinubu’s Govt As Inflation Rate Hits Over 22%

Trump Nigeria Inflation

    EKO HOT BLOG reports that the National Bureau of Statistics (NBS) has said the Consumer Price Index (CPI) rose to 22.41 percent in May 2023, up from 22.22 percent in the previous month. EDITOR’S PICKS Shehu Sani Slams Wike’s Appointment Obsession, Questions APC’s Focus Arewa Women, APC Governors Back Tajudeen Abbas As House … Read more

CBN Confirms Changes To FX Market, Forces To Decide Exchange Rates

FX Market

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

CBN Directs Banks To Trade Forex Freely As Naira Hits N755/$ at I&E Window

Black Market Exchange Rates 24th May

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

JUST IN: Oodua Group Embraces Tinubu’s Subsidy Removal Policy

Subsidy removal

The Coalition of Oodua Self-Determination Groups supports Tinubu’s decision to remove fuel subsidy and The group urges Nigerians to do the same, emphasizing that Nigeria cannot afford to continue budgeting trillions of naira on subsidy alone. They believe the funds allocated to subsidy can be better utilized to address various deficits and improve the quality … Read more

Black Market Dollar To Naira Exchange Rate Today, 22 May 2023

Naira Black Market

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

Dollar to Naira: Aboki Exchange Rate Today 8th May 2023

Naira Black Market

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

Dollar to Naira: Aboki Exchange Rate Today 5th May 2023

Naira Black Market

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

Dollar to Naira : Aboki Exchange Rate Today 3 May 2023

Naira Black Market

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

Dollar to Naira: Aboki Exchange Rate Today 2 May 2023

Naira Black Market

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

Black Market Dollar to Naira Today 27th April 2023 (Aboki Exchange)

Naira Black Market

Black Market Dollar to Naira Today 26th April 2023 As of today 27/4/2023, the exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) stands at 745₦ for buying and 740₦ for selling. This information was gathered from currency dealers at the Abuja Zone 4 market in Nigeria. It is important to note that the current exchange rate … Read more

Black Market Dollar to Naira Today 26th April 2023 (Aboki Exchange)

Naira Black Market

Black Market Dollar to Naira Today 26th April 2023 As of today 26/4/2023, the exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) stands at 740₦ for buying and 736₦ for selling. This information was gathered from currency dealers at the Abuja Zone 4 market in Nigeria. It is important to note that the current exchange rate … Read more

Black Market Dollar to Naira Today 25th April 2023 (Aboki Exchange)

Naira Black Market

Black Market Dollar to Naira Today 25th April 2023 As of today, the exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) stands at 740₦ for buying and 736₦ for selling. This information was gathered from currency dealers at the Abuja Zone 4 market in Nigeria. It is important to note that the current exchange rate is … Read more