Dave Ibemere

Lagos

Senior Business Editor at Legit.ng

Business Editor at Ripples Nigeria

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Articles

CBN releases new exchange rates as naira appreciates against US dollar

1 week ago | legit.ng | Dave Ibemere

The value of the naira appreciated against the US dollar in both the official and unofficial foreign exchange markets on Wednesday The new exchange rate marks a reversal from the depreciation recorded at the close of trading on Tuesday The Central Bank of Nigeria’s recent intervention in the FX market has led to a decline in the country’s gross foreign reserves Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy,...
Full List: Dangote Crashes Fuel Price, Six Filling Stations to Sell Below NNPC's New Rate

1 week ago | legit.ng | Dave Ibemere

Dangote Petroleum Refinery has announced a reduction in its petrol price for both marketers and its partnersFor marketers, Dangote Refinery reduced the fuel price by N30, while its partners also lowered the retail priceThe price competition is seen as good news for Nigerians, with expectations of further reductionsLegit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Former World’s Richest Man Drops to 6th in Billionaire List, Zuckerberg Jumps to 3rd

1 week ago | legit.ng | Dave Ibemere

The world billionaire list has changed with Bernard Arnault, once the world's richest man, dropping to 6th place Mark Zuckerberg has climbed to 3rd position, overtaking Warren Buffett and Larry Ellison, with a net worth of $176.9 billion Elon Musk remains the richest person globally, with a net worth of over $300 billion, despite recent losses Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and...
No more N865 per litre: Dangote refinery announces petrol price

1 week ago | legit.ng | Dave Ibemere

Just a few days after its first slash in weeks, Dangote Refinery has once again reduced its petrol price The reduction is for marketers, and it is expected to lead to fuel price adjustments at filling stations nationwide Dangote Petroleum Refinery's 650,000 production capacity can determine the price of fuel across the country Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends...
NNPC Announces New Fuel Prices Below Ardova, MRS, Other Filling Stations’ Pump Price

1 week ago | legit.ng | Dave Ibemere

NNPC Limited has decided to reduce the pump price for Premium Motor Spirit (PMS) for NigeriansThe new price comes days after Ardova, MRS, and other partners of Dangote refinery slashed their prices below N930The new fuel price will come as a welcome relief for Nigerians battling the high cost of living across the countryLegit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Stanbic Bank Announces Job Opportunity for Graduates, Gives Deadline To Apply

1 week ago | legit.ng | Dave Ibemere

Stanbic Bank has announced its graduate trainee program, which gives qualified Nigerians a chance to launch their banking career The selected graduates will have a chance to gain hands-on experience and an opportunity to join the bank's workforce To be considered for the programme, applicants are expected to meet the Stanbic Bank's listed requirements Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks,...
No more N1,599: CBN announces new exchange rates as naira depreciates again

1 week ago | legit.ng | Dave Ibemere

New data from the CBN shows that the naira has depreciated against the United States dollar in the foreign exchange markets The naira fell slightly from the previous day's exchange rate, as the CBN promises more support to bolster the currency It's a similar story for the naira in the unofficial markets against the dollar, as well as against the euro and pound Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy,...
Nigeria’s Inflation Rate Rises Again, Data Shows States With Highest Pressure

1 week ago | legit.ng | Dave Ibemere

New data from the National Bureau of Statistics has revealed that inflation rates continue to rise in MarchThe data from NBS revealed that Kaduna state tops the list with an all-items inflation figure of 33.33% in February While for food inflation, the highest was in Oyo with a figure of 34.41%, as Nigerians face more pressureLegit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
France leads top 10 countries buying Nigerian crude oil as production rises

1 week ago | legit.ng | Dave Ibemere

New data from NUPRC has revealed that Nigeria's oil production increased in the first three months of 2025 Despite current challenges in global prices, several countries continue to patronise Nigerian crude oil The list of top buyers in 2024 includes 10 countries, led by the Netherlands, France, and Indonesia Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends The Nigerian...
Hong Kong Warnings on CBEX Nigerians Ignored As Investment App Freezes Funds

1 week ago | legit.ng | Dave Ibemere

Amid complaints from Nigerians that they can no longer access their accounts on CBEX, an investment app CBEX had promised investors they would double their money every month, making it very attractive to Nigerians battling economic hardship All of this could have been avoided if Nigerians had listened to the warnings from the Hong Kong government a year ago Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy,...