Naira Rate Gap Widens as Dollar Demand Rises
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
Category : Search result: Dangote dollar prediction
Dangote Accuses NMDPRA Boss, Petitions ICPC Over $5M Fees
Aliko Dangote petitions ICPC, alleging NMDPRA CEO Farouk Ahmed paid $5m in school fees. A social media user explains the clash stems from refinery policy constraints. Read the full story.
Dangote Accuses NMDPRA Boss of $5M Corruption
Aliko Dangote accuses NMDPRA's Farouk Ahmed of corruption, alleging $5 million spent on children's school fees. Nigerians react as the billionaire's public composure cracks. Full story inside.
MRS Petrol Price Drops to N739 After Dangote Cut
MRS filling stations in Lagos slash petrol price to N739 per litre following Dangote Refinery's gantry price reduction, sparking motorist relief and a fierce industry debate over market stability.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
NANS, CSOs Seek End to Dangote, NMDPRA Boss Rift
Nigerian students and civil society groups call for collaboration between Aliko Dangote and NMDPRA's Farouk Ahmed, warning against media wars that threaten national stability. Read their full statement.
Doctor Found Dead in Miami Store Freezer
The body of Dr. Helen Massiell Garay Sanchez, 32, was discovered inside a Florida Dollar Tree freezer. Police are investigating the 'unclassified death' as her family seeks answers and support.
Dangote Debunks Trump Feud Rumours, Cites US Crude Supply
Aliko Dangote dismisses rumours of US President Trump's opposition to his refinery, revealing it buys 100 million barrels of crude annually from America. Get the full story.
Supercomputer Predicts AFCON 2025 Winner in Morocco
Opta's supercomputer has revealed its prediction for the 2025 Africa Cup of Nations winner. Host nation Morocco leads the favourites. See the full top 10 list and Nigeria's chances.
Dangote: Oil Mafia Steals $82M, Sabotages Refinery
Aliko Dangote reveals a powerful cartel stole $82 million from his refinery, alleging sabotage worse than drug mafias. He calls for action against local and international saboteurs.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
Dangote Pledges More Petrol Price Reductions, Ends Fuel Queues
Aliko Dangote commits to lowering petrol prices to compete with imports, declares an end to Nigeria's fuel queues, and reveals plans to expand his refinery to 1.4 million barrels daily by 2028.
Dangote: Fuel Queues Gone Forever, Refinery to Expand
Aliko Dangote assures Nigerians of stable fuel supply this Christmas and reveals plans to make Dangote Refinery the world's largest by 2028. Read the full details.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
Dangote: Fuel Queues Gone Forever, Christmas Supply Assured
Aliko Dangote assures Nigerians of stable petrol supply during Christmas and reveals plans to make his refinery the world's largest by 2028. Read the full details.
Dangote Aims to Make Nigeria Top Fertiliser Producer by 2028
Aliko Dangote reveals plans to quadruple urea production, positioning Nigeria as the world's leading fertiliser exporter. He urges African investors to drive continental growth.
Dangote Refinery Slashes Diesel Price to N910/Litre
Dangote Refinery reduces diesel price to N910 per litre, a 4.21% drop, offering relief to Nigerian industries and transport ahead of Christmas. Driven by global crude trends and improved NNPC supply.
Supercomputer Gives Arsenal 82.13% Chance to Win EPL
Arsenal's 2-0 win and rivals' slip-ups see them tipped for glory. The Opta supercomputer now gives the Gunners an overwhelming 82.13% probability of winning the Premier League title this season. Read the full analysis.
FG Sets 2026 Budget Exchange Rate at N1,512/$1
The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
29-Year-Old Ex-Ballerina is World's Youngest Self-Made Female Billionaire
Luana Lopes Lara, a 29-year-old MIT graduate and former ballerina, co-founded prediction market firm Kalshi, now valued at $11 billion. Discover her incredible journey to the top.
Indian rupee hits record low past 90 per dollar
India's rupee falls to a historic low beyond 90 against the US dollar, driven by foreign outflows and stalled US trade talks. Analysts see a new market-aligned approach from the central bank. Read more for the full analysis.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
Mother tricks daughter, swaps $20 gift for N460
A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.
Dangote Refinery Vows 1.5bn Litres Petrol Supply in December
Dangote Refinery commits to supplying Nigeria with 1.5 billion litres of petrol in December 2025, promising market saturation and price stability. Read the full details of their letter to regulators.
Naira Begins December Strongly Against US Dollar
The Nigerian Naira rebounds against the USD, closing at N1,446.74. CBN interventions and $20.98bn foreign inflows boost confidence. Experts predict stability ahead. Read more.
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
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