Business
COVID-19: Reopen Lagos Street For Business, Traders Cry Out To Obaseki
Traders at Lagos Street, Benin City, have appealed to Mr. Godwin Obaseki-led Edo State government to reopen the market, and also support them with soft loans so they can bounce back to business having been out of business for a long time.
Edo State government ordered the shutdown of Lagos Street following the refusal of residents and traders in the area to comply with the state government’s directives to participate in an ongoing screening and testing exercise for COVID-19.
Some traders, while speaking with INFO DAILY at the popular Lagos Street said they have undergone the screening exercise and have been declared COVID-19 free.
READ ALSO: Grief As Middle-aged Man Allegedly Hangs Self In Edo
They said, having have gone through the screening and testing exercise and declared free of COVID-19, it becomes necessary the state government reopen the area for business activities to commence.
Speaking, National Centre for Disease Control (NCDC) officials who do want their names mentioned at a screening centre at the area said there’s high turnout of residents who willingly surrendered themselves for test for the coronavirus.
They disclosed that various screening and testing centres set up by the state government are up to the task.
READ ALSO: COVID-19: Lagos Street Shut Down Over Failure To Comply With Screening Exercise
The NCDC officials therefore called on other residents of the state who are yet to comply to do so in order to know their COVI-19 status.
Business
Naira Records Massive Appreciation Against US Dollar Into Christmas Holidays
The Naira gained massively against the United States dollar in the last three days at the official foreign exchange as trading ended for the Christmas holidays.
Central Bank of Nigeria data showed that the Naira strengthened further on Wednesday to N1,443.37 per dollar, up from N1,449.99 on Tuesday.
This means that since Monday this week, the Naira has recorded a significant N13.18 gain against the dollar, according to the apex bank data.
READ ALSO:Naira Records Depreciation Against US Dollar Across Official, Black Markets
Similarly, at the black market, the Naira traded on Wednesday at N1,490 per dollar, an appreciation from the N1,500 exchanged on Monday but the same rate as on Tuesday.
The uptrend comes amid the rise in the country’s external reserves to $45.24 as of December 23rd, 2025.
DAILY POST reports that the Naira gained against the dollar at the official market on Monday and Tuesday.
Business
Report Any MRS Filling Stations Selling Fuel Above N739 Per Liter — Dangote Refinery To Nigerians
Dangote Refinery has urged Nigerians to report any MRS filling station outlets nationwide selling fuel above the N739 per liter announced price.
The company disclosed this in a statement on Sunday.
The refinery insisted that its petrol being at retail outlets remain N739 per liter while the gantry price is N699.
It further called on other filling station owners to patronize its refined petroleum products at the N699 rate.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market.”
READ ALSO:Dangote Sugar Announces South New CEO
Recall that Aliko Dangote, the president of Dangote Refinery, had pegged the retail price of his petrol at a maximum of N740.
DAILY POST reports that MRS filling and other filling stations had reduced fuel prices to between N739 and N912 per liter in Abuja.
However, reports emerged that some MRS filling stations were selling above the N739 per liter announced price benchmark.
Business
Naira Records Significant Appreciation Against US Dollar
The Naira recorded significant appreciation against the United States dollar on Monday at the official foreign exchange market to begin the week ahead of Yuletide on a good note.
The Central Bank of Nigeria’s data showed that the Naira strengthened to N1,456.56 per dollar on Monday, up from N1,464.49 traded on Friday last week, 19th December 2025.
This means that the Naira gained N7.93 against the dollar when compared with the N1,464.49 was exchanged as of Friday, December 19, 2025. DAILY POST reports that Monday’s gain at the official FX market is the first since December 15th.
READ ALSO:
Meanwhile, at the black market, the Naira remained stable at N1500 per dollar on Monday, according to multiple Bureau De Change operators in Wuse Zone 4, Abuja.
The development comes as the country’s external reserves stood at $44.66 billion as of last week Friday.
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