Aliko Dangote, Africa’s wealthiest individual, has experienced a significant decline in his fortune, losing approximately $3 billion in the past week due to the devaluation…
View More Naira Devaluation Causes $3 Billion Loss in Dangote’s Wealth
Category: Business
Current Black Market Dollar to Naira Exchange Rate
As of Saturday, February 24th, 2024, the black market (Aboki) exchange rate for the dollar to naira stands at N1750 for buying and N1765 for…
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Anambra Entrepreneur Michael Nzewi’s Company Sells i-Fitness Share for $12 Million
Cardinal Stone, an independent multi-asset investment management firm based in Lagos and led by Anambra-born mogul Michael Nzewi, has finalized the sale of its majority…
View More Anambra Entrepreneur Michael Nzewi’s Company Sells i-Fitness Share for $12 Million
EFCC Arrests 48 KWASU Students, 2 Others for Alleged Cybercrime
Operatives of the Economic and Financial Crimes Commission (EFCC) in Ilorin Zonal Command have apprehended 48 students of Kwara State University (KWASU) and two Malete…
View More EFCC Arrests 48 KWASU Students, 2 Others for Alleged Cybercrime
Nigerian Lawmaker, Hon. Augustine Ike, Attributes Economic Hardship and Market Distortions to Dangote Group and Government Actions
In an interview with the state-owned National Television Authority (NTA) on Thursday, February 22, Hon. Augustine Ike, a member of the Anambra State House of…
View More Nigerian Lawmaker, Hon. Augustine Ike, Attributes Economic Hardship and Market Distortions to Dangote Group and Government Actions
Fuel Scarcity Hits Lagos Hard, Motorists Endure Long Queues
Lagos, Nigeria’s bustling metropolis, is grappling with a severe fuel scarcity, leaving motorists stranded in endless queues at filling stations across the state. Despite the…
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Presidency Confirms Ban on Binance, AbokiFx, and Other Forex Platforms
The Presidency has officially acknowledged the ban on various online cryptocurrency and Foreign Exchange (Forex) platforms operating within Nigeria. Tope Fasua, the Special Adviser to…
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Anambra Celebrates as High Chief Dr. Christopher Ndubuisi Receives Sun Newspaper’s Investor of the Year Award
There is jubilation in Anambra State as one of its distinguished sons, business magnate, and philanthropist, High Chief Dr. Christopher Ndubuisi, also known as Ikenga…
View More Anambra Celebrates as High Chief Dr. Christopher Ndubuisi Receives Sun Newspaper’s Investor of the Year Award
CBN Increases Exchange Rate for Cargo Clearance to N1,605 Per Dollar
The Central Bank of Nigeria (CBN) has announced an adjustment in the exchange rate for cargo clearance to N1,605 per dollar. This decision comes amidst…
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Black Market Exchange Rates for 20th February 2024
Find below the latest black market exchange rates for the dollar to naira as of 19th February. You can exchange your dollar for naira at…
View More Black Market Exchange Rates for 20th February 2024