Category: Economy

Black Market Dollar to Naira Rates Soar Across Nigeria on March 26, 2025
19

Aug

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Black Market Dollar to Naira Rates Soar Across Nigeria on March 26, 2025

On March 26, 2025, Nigeria's black market dollar to naira rate shot upwards, hitting N1,570 for buyers as the official rate remained much lower. With cash in high demand and official channels tight, these unofficial trades saw strong activity. Rates for pounds, euros, and yuan also followed this trend.

Upcoming Fuel Price Surge: What It Means For Consumers and the Economy
3

Dec

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Upcoming Fuel Price Surge: What It Means For Consumers and the Economy

Fuel prices are set for an unexpected increase despite earlier predictions of a decrease, reflecting the volatile global oil market and fluctuating South African rand. Adjustments effective from December 3, 2024, reveal a rise in petrol and diesel prices, with global economic factors, including the US election and OPEC+ meetings, contributing to the changes. Consumers brace for financial impact amidst unstable international markets.