Dollar to Naira exchange rate today, March 11, 2026
The Nigerian Naira showed relative stability against the US Dollar in early trading on Wednesday, March 11, 2026. Data from the Central Bank of Nigeria indicates the currency opened around ₦1,397 per dollar in the official market, with slight fluctuations during trading hours. In the official Nigerian Foreign Exchange Market, the rate later moved close […]
Fuel Price Hike: We Incur Cost From 47 Government Agencies – Dangote Refinery
David Bird, David Bird, stated that Dangote Refinery incurs costs from 47 government agencies, which affect petrol pump prices across Nigeria. He highlighted the need for the Federal Government to prioritise domestic refining during global oil market volatility. Bird called for strategic allocation of high-quality crude oil to local refineries, saying that currently, the refinery […]
Parallex Bank Successfully Completes Recapitalisation, Positions For Growth
Parallex Bank Limited has successfully completed its recapitalisation process, surpassing the ₦50 billion capital requirement set for regional commercial banks by the Central Bank of Nigeria. The achievement marks an important step for the bank as it strengthens its financial position. The development places Parallex Bank among the financial institutions that have complied with the […]
IPMAN Urges Federal Government To Slash Crude Oil Costs For Dangote Refinery
The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Garima, has urged the Federal Government of Nigeria to reduce the price of crude oil supplied to the Dangote Petroleum Refinery. He said the move could help reduce the rising cost of petrol across the country. Garima explained that petrol prices, also known […]
Again, Dangote Refinery increases petrol price to N1,175, diesel to N1,620
The Dangote Petroleum Refinery has raised the price of Premium Motor Spirit (PMS) to N1,175 per litre, up from N995, marking the third increase in a single week. Diesel prices were also adjusted to N1,620 per litre. The N180 jump in PMS within three days represents an 18.1% increase, reflecting rising costs in the domestic […]
Dollar to Naira exchange rate today, March 9, 2026
The Nigerian Naira opened the week of March 9, 2026, at 1,384.74 per US Dollar in the official Foreign Exchange Market (NFEM), gradually adjusting to 1,391.58 by mid-morning. The slight easing follows last week’s close at 1,398.00, showing moderate volatility as corporate demand rises. In the parallel market, the dollar trades between 1,400 and 1,410, […]
Dangote Refinery commits to energy stability amid global refineries shutdown
Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to ensuring stable energy supply in Nigeria despite global refinery shutdowns and crude supply disruptions. The ongoing Middle East conflict and China’s ban on gasoline and diesel exports have caused shortages and rising crude prices worldwide. The company noted that Nigeria is insulated from these shocks […]
Women-led businesses key to Nigeria’s $1trn economy – FG
The Federal Government has said that women-led businesses will play a major role in Nigeria’s plan to build a one-trillion-dollar economy. Jumoke Oduwole made this known during a high-level colloquium organised by the Federal Ministry of Industry Trade and Investment in Abuja. According to Oduwole, empowering female entrepreneurs will improve access to finance and markets, […]
Naira records second straight week of massive depreciation against US dollar
Nigeria’s currency, the Nigerian Naira, has recorded another week of decline against the United States Dollar in both official and parallel markets. Data released by the Central Bank of Nigeria showed the exchange rate dropped further at the end of the week. According to the figures, the naira closed at N1,393.26 per dollar compared to […]
Recapitalization: CBN gives update as 30 Nigerian banks meet new minimum capital requirements
The Central Bank of Nigeria has announced that 30 Nigerian banks have successfully met the new minimum capital requirements ahead of the March 31, 2026 deadline. The update was shared by the bank’s spokesperson Hakama Ali-Sidi in a statement released on Friday. According to the apex bank, a total of 33 financial institutions have raised […]