FIVE days ago, specifically on Monday February 19, 2024, the Federal Government and the cement manufacturers in the country met over the escalating prices of the commodity nationwide. During the meeting, the Federal Government was represented by the Minister of Works, Dave Umahi, and the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, among other…
▪︎Akihiko Inoue New Chairman
President of Dangote Group, Aliko Dangote, says that the government stands to gain substantially when the private sector flourishes, noting that 52 kobo (52%) of every naira Dangote Cement generates goes to the government. Dangote made the comment during a visit by the Nigerian Economic Summit Group (NESG), team to both Dangote Fertiliser Limited and…
• From left: Dr. Uzodinma Odenigbo, Nigerian Breweries PLC Corporate Affairs Director: Mr. Thibaut Boidin MD/CEO;, President of MAN, Otunba Francis Meshioye; and the Director-General, Mr. Segun Ajayi-Kadir. Nigerian Breweries Plc and the Manufacturers Association of Nigeria (MAN) deepened their partnership during a familiarisation visit by its new Managing Director/CEO, Mr. Thibaut Boidin. Mr. Boidin,…
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1, 416 Sell ₦1,422 GREAT BRITISH POUND (GBP) Buy ₦1,895 Sell: ₦1,915 EURO (EUR) Buy ₦1,590 Sell ₦1,610 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy ₦95 Sell ₦110 WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900 Official CBN Exchange Rates US DOLLAR (USD) ₦1,380.18 GREAT BRITISH POUND (GBP) ₦1,854.42 EURO (EUR) ₦1,577.00 SWISS FRANC (CHF) ₦1,707.94 JAPANESE YEN (JPN) ₦8.50 CHINESE YUAN (CNY) ₦203.57 WEST AFRICAN CFA (XOF) ₦2.40 WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32 SAUDI RIYAL (SAR) ₦367.48 SOUTH AFRICAN RAND (ZAR) ₦83.29
Both leaders, Aliko Dangote and Dr. Brook Taye, emphasised the project’s importance in transforming Ethiopia’s agricultural sector and promoting self-sufficiency.
The 2026 budget is projected at N54.4 trillion, according to the approved 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1, 427 Sell ₦1,435 GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900 EURO (EUR) Buy ₦1, 585 Sell ₦1,605 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy ₦95 Sell ₦110 WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900 CBN OFFICIAL EXCHANGE RATES US DOLLAR (USD) ₦1,379.62 GREAT BRITISH POUND (GBP) ₦1,850.62 EURO (EUR) ₦1,575.66 SWISS FRANC (CHF) ₦1,707.45 JAPANESE YEN (JPN) ₦8. 52 CHINESE YUAN (CNY) ₦203.56 WEST AFRICAN CFA (XOF) ₦2.40 WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,871. 05 SAUDI RIYAL (SAR) ₦367.44 SOUTH AFRICAN RAND (ZAR) ₦84.53
Standards Organisation of Nigeria (SON) is working with UK standards organisation to reconcile standards or enable them to certify for the UK market to help ease trade.
Official CBN Exchange Rates US DOLLAR (USD) ₦1,380. 11 GREAT BRITISH POUND (GBP) ₦1,818.34 EURO (EUR) ₦1,566.84 SWISS FRANC (CHF) ₦1,698.80 JAPANESE YEN (JPN) ₦8.53 CHINESE YUAN (CNY) ₦202. 99 WEST AFRICAN CFA (XOF) ₦2.39 WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,866. 38 SAUDI RIYAL (SAR) ₦367. 54 SOUTH AFRICAN RAND (ZAR) ₦83. 65 BLACK MARKET…
