Naira ends week bullish, closes at ₦1,487.89$1
The Naira closed the week bullish at ₦1,487.89 to the Dollar, gaining ₦11.08 on Friday, with analysts crediting CBN reforms for the recovery.
Markets
Ahmadu Bello University introduces drought-resistant, high-yield maize to boost food security
Ahmadu Bello University’s Institute for Agricultural Research has unveiled new high-yield, drought-tolerant maize hybrids that mature in 90-95 days, resist major pests, and promise to reduce farmers’ insecticide costs while boosting food security.
Dangote refinery halts supply to unlicensed marketers
Dangote Petroleum Refinery has stopped supplying fuel to marketers who are not registered, after discovering that some registered partners were diverting subsidised product to unregistered third parties and selling it at market rates, thereby undermining the refinery’s pricing scheme.
Dangote refinery challenges marketers: ‘Go to court’ over N1.5trn subsidy claims
Dangote Petroleum Refinery has declined a demand from oil marketers for a N1.505 trillion subsidy tied to coastal delivery costs, defended its gantry pricing, and invited marketers to take legal action.
Naira loses ground across official, parallel FX windows
The Nigerian Naira continued its downward trend against the US Dollar, depreciating in both the official and parallel foreign exchange markets on Wednesday.
Black Market Dolla to Naira exchange rate today 12th September, 2025
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1520 and sell at ₦1514 on Thursday 11th September, 2025, according to sources at Bureau De Change (BDC).
Rising inflation puts Fed in tight spot as U.S. job market weakens
Inflation rose to 2.9% in August as gas, food, and travel costs climbed, complicating the Federal Reserve’s plan to cut rates amid weakening jobs data.
Naira rises to N1,497 per dollar, black market rates gain ground
The naira surged to its strongest level in months—trading at N1,497 per dollar in the official market—while improved foreign reserves and FX inflows also fueled appreciation in the black market.
Fuel price: Nigerians face uncertainty as FG, NUPENG, Dangote talks hit deadlock
A high-level consultative meeting on September 8, 2025, between the Federal Government, NUPENG, Dangote Group, and stakeholders ended abruptly with no agreement reached, prolonging fuel supply disruptions and raising fears of price hikes.
Flight Disruptions: FG orders clampdown on airlines frustrating passengers
The Federal Government has ordered NCAA to immediately name and shame airlines that frustrate passengers through unjustified flight disruptions.