Naira Suffers Free Fall Again, Loses ₦27 Against Dollar For May 9 Trade
It’s been gathered by Hobnob News reports that Naira today, Thursday, May 9 2024, is exchanging 1,446.807 Naira to 1 US Dollar at the parallel market (black market) in Nigeria according to Naira rate’s Official X handle on Thursday. This means that you…
Food Inflation Hits Hard: Healthy Diet Costs ₦982 per Day in Nigeria
The National Bureau of Statistics (NBS) has reported that the cost of a healthy diet in Nigeria increased by 4.7% in March 2024, reaching ₦982 per adult per day. This is a 40% increase from October 2023 and 5% higher than the previous month. According to…
Naira Depreciates Marginally Against Dollar At Parallel Market, For May 3 Trade
Naira today, Friday, May 3 2024, is exchanging 1,355.904 Naira to 1 US Dollar at the parallel market (black market) in Nigeria according to Naira rate’s Official X handle on Friday. This means that you can get 1,355.904 Naira for every 1 Dollar that you…
Full List: NBS Report Highlights 18 States That Failed to Attract Foreign Investment
A recent report by the National Bureau of Statistics (NBS) has revealed that 18 states in Nigeria failed to attract any foreign investment between 2021 and 2023. The affected states are: | 1. Bauchi | 2. Bayelsa | 3. Benue | 4. Borno | 5. Cross River |…
CBN Bans Opay, Moniepoint, Kuda From Opening New Accounts In New Move Against Crypto Trading
The Central Bank of Nigeria (CBN) has imposed a ban on several microfinance banks, including Moniepoint, Opay, and Kuda, from opening new accounts and accepting new customers. Apparently, this decision comes after allegations that these financial…
Naira Maintains Position Against Dollar At Parallel Market For April 28 Exchange
Today being April 28 2024, Naira is exchanging 1,245.425 Naira to 1 US Dollar at the parallel market (black market) in Nigeria according to Naira rate’s Official X handle on Sunday. This means that you can get 1,245.425 Naira for every 1 Dollar that you…
Fuel Supply Crisis is Over – NNPC
It was gathered by Hobnob News reports that Nigerian National Petroleum Company Limited (NNPC Ltd.) says the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. According to…
Fugitive Binance Executive, Nadeem Anjarwalla Arrested in Kenya, Extradition to Nigeria Underway
In a major breakthrough, the Kenya Police Service has arrested Nadeem Anjarwalla, a high-ranking executive of the cryptocurrency exchange Binance, who had been on the run since escaping from Nigerian custody in March. Anjarwalla, who faces charges of tax…
Naira Plunges Further, For April 18 Exchange
Tiday, Thursday April 18 2024, Naira is exchanging 1,170.221 Naira to 1 US Dollar at the parallel market (black market) in Nigeria according to Naira rate’s Official X handle on Thursday. This means that you can get 1,170.221 Naira for every 1 Dollar…
Nigeria’s Foreign Exchange Reserves Decline to $32 Billion, Marking Lowest Point in Six Years
Nigeria’s foreign reserves plummeted to $32.29 billion on April 15, marking the lowest level in over six years, according to the most recent data released by the Central Bank of Nigeria (CBN). From the peak of $34.44 billion on March 18, as noted…