The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, by N115 per litre, adding fresh pressure on consumers already grappling with rising living costs. A market survey conducted by DAILY POST across Abuja and its surrounding areas on Tuesday revealed that NNPCL retail…
Nigerians received a small piece of good news on the currency front on Wednesday as the naira showed a slight recovery against the US dollar in the parallel market. The local currency strengthened marginally to around ₦1,385/$ amid continued strong demand for foreign exchange. While the improvement is modest, many market watchers see it as…
The Nigerian naira appreciated to approximately ₦1,400 per US dollar at the official Nigerian Foreign Exchange Market (NFEM) on Tuesday, marking its strongest performance since the Central Bank’s forex unification policy reshaped the currency landscape in 2023. The appreciation represents a notable shift from the ₦1,435.75 closing rate recorded on December 31, 2025, and reflects…
The Federal Government of Nigeria (FG) has announced that the controversial Naira-for-Crude Oil deal will continue, reaffirming its commitment to the policy despite growing concerns and mixed reactions from stakeholders. The announcement comes amid ongoing debates about the effectiveness of the initiative in stabilizing Nigeria’s economy and addressing challenges in the oil sector. The Naira-for-Crude…
