Business
Naira Depreciation Against US Dollar To End On A Bearish Trend
The naira continued depreciation against the United States dollar on Friday at the official foreign exchange market to end the week on a bearish trend.
The Central Bank of Nigeria’s data showed that the naira further weakened against the dollar on Friday to close at N1,446.74, down from N1,443.90 on Thursday.
This means that the Naira declined by N2.8 on a day-to-day basis.
Meanwhile, at the black market, the Naira remained flat, closing at N1470 per dollar, the same exchange rate as on Thursday.
DAILY POST reports that there were three gains and two losses recorded at the official market in the week under review. On a week-on-week basis, the naira gained N9.99 against the dollar at the official market but lost N5 at the parallel FX market.
The development comes as the country’s external reserves stood at $44.61 billion as of 27 November 2025, a sharp rise from $44.26 billion last week.
An aircraft belonging to Enugu Air has crashed at Benin City airport in Edo State.
The incident reportedly occurred on Thursday afternoon.
A video of the incident was shared on social media by an X user identified as @Oyindamola
“Enugu Air aircraft crash lands in Benin Airport this afternoon,” the X user wrote.
DAILY POST reports that the Enugu Air is owned and operated by the Enugu State government.
There’s was no official statement on the matter by the aviation authorities at the time of filing in this report.
Watch video.…For more, Complete your reading.
The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS at its retail outlets for the second time in less than two days.
A market survey by DAILY POST showed that NNPCL raised its petrol price to N1,335 per litre on Wednesday from N1,270 per litre on Tuesday.
This means that the state-owned filling station increased its fuel price by N65 per litre.
The new price has been implemented at NNPCL filling stations in Wuse Zone 6 (Berger), Zone 4, and other outlets in Abuja and its environs.
Recall that on Tuesday, NNPCL increased its petrol pump price by N115 per litre to N1,270 per litre.
The latest increase comes amid continued petrol price volatility in the country’s downstream oil sector following Dangote Refinery’s resumption of the sale of refined petroleum products in U.S. dollars.
DAILY POST reports that crude oil prices rose by nearly 4 percent on Wednesday as airstrikes intensified in the Middle East.…For more, Complete your reading.
-
Breaking News8 months agoTerrorists Want ₦2m ‘levy’ in Katsina Community Despite Peaceful Agreement
-
Breaking News8 months agoEx-EFCC Exhibit Keeper Kaduna Zonal Directorate, Allegedly Steals ₦22m
-
Breaking News9 months agoNiger Delta Group hails Tinubu, NUPRC for ₦373bn host community fund and 536 life-changing projects
-
Breaking News7 months agoBreaking News: Nigerian Air Force Reportedly Kills 750 Terrorists in Borno State
-
Business9 months agoHouse of Representatives probes $35m modular refinery project
-
Business3 months agoBREAKING NEWS: Zenith Bank Rewards Investors with ₦410.69bn Dividend at AGM
-
Breaking News9 months agoUCL: Osimhen Statement after Galatasaray’s 3-1 Win over Bodo/Glimt
-
Breaking News7 months agoNasarawa Insecurity: Suspects Apprehended, Man Hunt Ongoing – Gov Sule