Dangote dumps naira, begins petrol sales in dollars
Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per litre, unveiling a new pricing template that also raised the benchmark prices for diesel…
Customs auction 20,500 litres of petrol in Lagos
The Nigeria Customs Service, Operation Whirlwind, on Monday auctioned 20,500 litres of Premium Motor Spirit, intercepted within the Zone A axis. Speaking during the public auction of the products in…
Dangote Cracks Down On Illegal Haulage, Offers ₦500,000 Reward For Whistleblowers
Dangote Industries Limited said it has intensified efforts to combat illegal haulage activities involving its trucks by unveiling a public whistle-blowing initiative that offers a cash reward to individuals who…
Nigeria’s crude oil output hits 74-month high, beats OPEC quota
Nigeria’s crude oil production has climbed to its highest level in more than six years, with the country exceeding its Organisation of the Petroleum Exporting Countries production quota for the…
Nigerian Stocks Overtake South Korea As World’s Best Performer
Nigerian equities have overtaken the South Korean stock market to emerge as the best-performing stock market in the world in dollar terms this year. The development was buoyed by macroeconomic…
OpenAI To Launch New Model After US Freeze
ChatGPT maker OpenAI said its latest powerful artificial intelligence model series will be released to the public on Thursday, as the US government reportedly approved a broader launch. The company’s…
Unions To Protest As Volkswagen Thrashes Out Job Cut Plans
German auto giant Volkswagen’s management meets Thursday to thrash out plans for what could be the biggest-ever restructuring in the global auto industry, with unions set to protest any mass…
Crude Surges Above $80 As US-Iran Flare-Up Rocks Peace Hopes
Oil prices extended their surge Thursday as Donald Trump said the US ceasefire with Iran was over and ordered fresh strikes against the country following attacks on ships in the…
DisCos Announce Blackouts In Parts Of Lagos, Osun Over Flooding
The Eko Electricity Distribution Company (EKEDC) and the Ibadan Electricity Distribution Company (IBEDC have announced blackouts in some communities under their jurisdictions following flooding due to heavy rainfalls. A Wednesday…
Naira To Dollar Exchange Rate Today, July 9, 2026
The Nigerian naira traded at approximately ₦1,373.99 to the United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Thursday, July 9, 2026. In the parallel market, also…