Nigeria’s foreign exchange inflows from diaspora remittances may be at risk as the United States moves closer to implementing a controversial remittance tax targeting non-citizens. A provision within the “One ...
As of June 5, 2025, the Nigerian naira experienced a significant appreciation against the U.S. dollar in both official and parallel markets, coinciding with the Eid al-Adha festivities. Official Market: ...
The Securities and Exchange Commission (SEC) of Nigeria has issued a renewed warning to the public about the escalating threat of Ponzi schemes, emphasising their detrimental effects on individual investors ...
Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has unveiled ambitious plans to significantly boost Nigeria’s foreign exchange earnings through large-scale exports of fertiliser, coal, and petrochemical ...
If you're wondering how the U.S. dollar (USD) is faring against the Nigerian naira (NGN) on the parallel market today, here’s everything you need to know — especially if you're ...
The naira appreciated to ₦1,600 per dollar in the parallel market on Monday, strengthening from ₦1,610 recorded over the weekend. Similarly, in the Nigerian Foreign Exchange Market (NFEM), the naira ...
The Dollar to Naira exchange rates for today, May 5, 2025, have been released, reflecting both the black market (also known as the parallel market) and the official Central Bank ...
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (petrol) to ₦910 per litre at its retail outlets. This marks a ₦25 decrease ...
The United States Department of State has rolled out a revised fee structure for non-immigrant visa applications, which officially took effect across all its embassies and consulates globally — including ...
In a surprising twist, the embattled Crypto Bridge Exchange (CBEX) platform, at the heart of an alleged ₦1.2 trillion digital investment fraud that reportedly affected over 600,000 Nigerians, has resumed ...
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