Francis Abel 
The Naira on Thursday resumed its downward trend against the United States dollar, depreciating to N1,309/$ at the official market and N1,420 at the parallel market. The new rate which indicates a depreciation of N90 or 6.8 per cent from N1,330 quoted by currency traders on Wednesday followed renewed dollar demand pressure in the foreign … Read more
The Nigerian National Petroleum Company Limited (NNPCL) says the issue that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd said that the issue was as a result of logistics problems. The Chief Corporate Communications Officer, NNPC Ltd. Olufemi Soneye, … Read more
Fuel scarcity is biting hard on Kaduna residents as motorists are forced to buy the product for as high as N1,100 per liter from black marketers. It was observed that many passengers going to work and their business premises were stranded following the scarcity of fuel across the state and very few commercial operators were … Read more
Telecommunications companies operating in Nigeria have begun moves that will see to an increase in call tariff in the country. The companies which include Glo, MTN, Airtel and 9Mobile are asking the federal government to facilitate constructive dialogue in the industry. According to the telcos, the current price control mechanism is not in tandem with … Read more
When it comes to auto insurance, there’s a coverage option that often goes unnoticed until it becomes crucial: Gap Insurance. While standard auto insurance policies cover damages to your vehicle, they may not fully protect you in the event of a total loss. This is where Gap Insurance steps in, acting as a financial safety … Read more
One of the leading financial institutions in the country, Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. Dr. Nneka Onyeali-Ikpe, the Managing Director, Fidelity Bank Plc gave the commendation over the weekend in Lagos during a special event organised for the airline by the bank to … Read more
The Naira on Tuesday depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,300.15 per dollar exceeding the parallel market rate by N45.15. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,300.15 per dollar from N1,234.49 per dollar last week Friday, indicating N65.66 depreciation for the naira. Similarly, the Naira … Read more
The Central Bank of Nigeria (CBN) has announced a $10,000 sale to each licensed Bureau De Change (BDC) operator nationwide. The apex bank has made its second intervention this month. The CBN detailed the action in a circular issued to the President of the Association of Bureau De Change Operators (ABCON). BDCs can purchase dollars … Read more
On Tuesday, Dangote Petroleum Refinery announced a further reduction in diesel and aviation fuel prices to N940 and N980 per litre, respectively. This follows its highly heralded price cut to N1,000 just two weeks ago. Customers purchasing five million litres or more from the refinery would see a price increase of N940, while those purchasing … Read more
For first-time drivers, the excitement of hitting the road is often accompanied by a heightened sense of responsibility. Choosing a safe and reliable vehicle is a crucial step in ensuring a secure driving experience. In this blog post, we’ll explore the top considerations for first-time drivers and provide a detailed guide to the safest … Read more