FG clinches $1.3bn lithium agreement…
Nigeria has secured a $1.3 billion investment in lithium, marking a major milestone in the mining sector.
Markets
Naira slips further at official market as CBN warns BDCs over compliance
The naira further depreciated against the dollar at the official foreign exchange market to end trading on Thursday …
Black Market Dollar to Naira exchange rate today 18th April 2025
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1600 and sell at ₦1607 on Thursday 17th April, 2025, according to sources at Bureau De Change (BDC).
Goldman warns another naira devaluation likely as oil prices drop
Goldman Sachs says falling oil prices may force another naira devaluation.
Exchange Rate Update: Naira trades at ₦1,600.80 to the Dollar
Over the past week, the dollar has shown relative stability against the naira, although it has slipped by -2.094% compared to its value seven days ago.
Black Market Dollar to Naira exchange rate today 17th April 2025
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1600 and sell at ₦1610 on Wednesday 16th April, 2025, according to sources at Bureau De Change (BDC).
Exchange rate volatility persists as Naira trades at N1,620/$
Naira down to N1,620/$ in parallel market
Dangote Refinery cuts fuel price again as global crude falls
“The new price reflects current market realities and our commitment to easing economic pressures,” a source at the refinery said.
Nigeria reduces petrol imports amid boost in domestic production.
Nigeria’s daily petrol imports have dropped drastically from 44.6 million litres in August 2024 to 14.7 million litres as of April 13, 2025, thanks to a surge in local refining production.
NMDPRA: Nigeria now producing more petrol, import falls to 14.7m litres daily
Nigeria’s daily petrol importation has dropped by nearly 30 million litres in eight months, thanks to increased output from local refineries, the NMDPRA says.