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Naira Makes Remarkable Recovery in Official Black Market After FG's Threat to Tax Parallel Market

The naira made a marginal recovery on Wednesday, October 25, 2023, after days of freefall at both the official NAFEM and parallel markets. The local currency had tumbled to N1,310 to the dollar in the parallel market, sparking fear among Nigerians that it

Again, EFCC raids BDC market in Abuja as naira appreciates at forex parallel market

Officers of the Economic and Financial Crime Commission, EFCC, have shut down illegal Bureau De Change operators in Wuse Zone 4 Abuja on Thursday as the Naira appreciates against the US dollar, the foreign exchange parallel market. A Bureau De Change operator

Fire engulfs Yola town main market

Some sections of the main market in Yola town have been destroyed by fire. The market went up in flames late Monday night while residents were in their houses. Multiple sources said many shops were affected and goods worth millions of Naira lost to the fire

Fire razes buildings in Lagos market

Fire has gutted a trio of three-storey buildings and destroyed properties worth millions of naira in a market on Dosunmu Street, Lagos Island area of Lagos State. The Lagos State Fire and Rescue Service reports that the fire has been contained. The agency's

Cable thief electrocuted at Balogun market

A thief met his Waterloo this morning when he was electrocuted at Balogun market today. The deceased is alleged to have attempted stealing some cables and had been electrocuted in the process.

Naira slips further at black market

Naira depreciated at the unofficial market on Wednesday to N1,050 per $1. The Naira fell substantially against the United States dollar at the unofficial market on Wednesday, market data published by AbokiFX, a website that collates market data in Lagos, showed