Market Updates

Alaba and Trade Fair Markets are once again open for business as the Lagos State Government reopens them

The Lagos State Government has taken the initiative to reopen Alaba International Market and certain markets within the Trade Fair Complex in Ojo, Lagos,...

The Naira continues its decline, plummeting to an exchange rate of 1,190 Naira per US dollar

The Nigerian naira continues its downward trajectory due to a growing scarcity of the US dollar. On Friday, at the parallel market, the naira opened...

Address the forex backlog to strengthen naira confidence, advises Lemo to the CBN

A former Deputy Governor of the Central Bank of Nigeria, Dr. Tunde Lemo, has cautioned against allowing the Nigerian naira to float freely. He expressed...

Fuel imports have been halted by marketers, leading to gas stations running out of fuel, and long queues of customers have resurfaced

Seven oil marketers who had imported Premium Motor Spirit, commonly known as petrol, approximately a month ago, have ceased their imports, resulting in localized...

A 12.5-kilogram cooking gas cylinder costs N12,500

The cost of a 12.5kg Liquefied Natural Gas (LNG) cylinder, commonly used for cooking, has surged to N12,500 in conjunction with Nigeria's 63rd Independence...

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