The Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki fx), was reported to be N885 for buying and N895 for selling on August 4th, 2023, according to sources at Bureau De Change (BDC).....KINDLY READ THE FULL STORY HERE▶

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals to approach their respective banks for forex transactions. Please be aware that these rates are subject to change as prices vary….CONTINUE READING

NNPC Unveils Plans for CNG Filling Stations Across Nigeria

In response to the removal of fuel subsidy and the pursuit of cleaner and cheaper fuel alternatives, the Nigerian National Petroleum Company (NNPC) Limited, in collaboration with NIPCO Gas Limited, is set to establish Compressed Natural Gas (CNG) filling stations across the country.

The initiative aims to have 35 CNG stations operational in 35 states, with three mother stations, by the first quarter of 2024.

Once completed, the CNG stations are expected to provide a more affordable and environmentally friendly fuel option, benefiting approximately 200,000 Nigerians daily and promoting sustainable economic growth.