Dangote Cement Cameroon has emerged as a standout honoree during the 150th anniversary celebration of the Port Authority of Douala, receiving three prestigious awards in recognition of its impact and excellence.

The company was honored with: Best Industrial Solid Bulk Importer, Best Social Project Achievement for Local Stakeholders, Best Lessee for Port Activity Sector N°1.

These awards highlight not only Dangote Cement Cameroon’s leadership in the industrial and port sectors but also its commitment to social responsibility and partnership with local communities.

Expressing appreciation, the CEO/Managing Director of Dangote Cement Cameroon, Bertrand Mbuock, said:
“Thanks to all our customers! These awards are not only a recognition of our commitment to excellence but also a celebration of the trust and loyalty of our clients who make our journey possible.”

As the company marks its 10th anniversary in Cameroon, these recognitions serve as a historic gift to the management, staff, and stakeholders who have contributed to its growth over the past decade.

The Port Authority of Douala emphasized that Dangote Cement Cameroon was honored for its high import volumes, operational efficiency, and consistent contribution to port activities, as well as its dedication to community projects and responsible business practices.

This triple recognition confirms Dangote Cement Cameroon’s place as a key driver of Cameroon’s industrial development and a model of corporate citizenship.

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Under Mbouck’s visionary guidance, Dangote Cement witnessed remarkable growth, with revenue doubling in the first year and tripling in the second, as he expressed in his past interview with ACCA. His dedication and unwavering determination to achieve objectives set him apart as a highly driven and ambitious leader. Within this promising sector, Dangote Cement, Nigeria’s largest listed company, stands at the forefront, commanding a significant two-thirds share of the domestic cement market.

As Nigeria celebrates the 65th anniversary of its independence, President Bola Tinubu delivered an optimistic speech, highlighting that the painful memories of the past are now behind the nation.

He outlined twelve transformative economic policies that are beginning to take shape under his leadership, signaling a bold new direction for the country’s future.

Meanwhile, the Naira remains caught in a tumultuous state within the foreign exchange market, facing persistent fluctuations. The U.S. dollar continues to command a robust demand, creating ripples across Nigeria’s bustling commercial hubs and reflecting the ongoing challenges in stabilizing the national currency.

On Wednesday, October 1st, 2025, the Dollar to Naira exchange rate in the black market opened at ₦1,480 per dollar for buying and ₦1,490 per dollar for selling.

This reflects a marginal appreciation compared to recent sessions, as traders report improved dollar liquidity in parts of Lagos and Abuja. However, the persistent gap between official and parallel market rates remains a concern for businesses and households.

PREVENTING THE HOUSE FROM FALLING: Ten Key Economic Achievements of the Tinubu Administration, By Keem Abdul

How Much is Dollar to Naira Today in Black Market
As of today, the Dollar to Naira black market rate stands at:

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Buying Rate: ₦1,480 per $1

Selling Rate: ₦1,490 per $1

These figures represent the rates quoted by parallel market operators, which serve as the main access point for many Nigerians seeking foreign currency.

Despite CBN interventions, the black market continues to dominate real-time pricing due to limited access at official windows. For official figures, refer to the Central Bank of Nigeria (CBN).

Dollar to Naira Exchange Rate: Official vs Black Market
Black Market Rate: ₦1,480 / ₦1,490

Official Rate (CBN): See the CBN website for updated official rates.

Market Tracking Platforms: Investors King and Aboki Forex provide daily real-time updates on the Dollar to Naira exchange rate.

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The disparity highlights the ongoing liquidity challenges in Nigeria’s forex market, as demand continues to outpace available supply at the official window.

Investors King

PREVENTING THE HOUSE FROM FALLING: Ten Key Economic Achievements of the Tinubu Administration, By Keem Abdul

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Nigerians, particularly those who rely on vehicles, are likely to face fuel shortages in the upcoming days, which could have significant repercussions for the nation’s economy.

This decision comes on the heels of a controversial move by the Dangote Petroleum Refinery, which allegedly dismissed approximately 800 workers last Thursday. Click link to continue reading.

In a memo addressed to branch chairmen in TotalEnergies, Renaissance, Chevron, Shell Nigeria Gas, Oando, and Seplat Producing Nigeria Unlimited, PENGASSAN General Secretary, Comrade Lumumba Okugbawa, ordered the immediate shutdown of valves and the suspension of all crude loading operations to the facility.

The union condemned the refinery’s decision, stressing that it remains committed to protecting the interests of its members, who have the right to unionise.

“We bring you fraternal greetings from the National Secretariat. As you are aware, the management of Dangote Petroleum Refinery has disengaged our members in reaction to their exercise of the constitutional right to unionise.

“They have further embarked on a campaign of misinformation and propaganda to justify this illegitimacy, rather than engaging meaningfully with us to right the wrong,” Okugbawa stated in a letter seen by Tribune Online.

Meanwhile, the Dangote Petroleum Refinery has announced the suspension of petrol sales in naira — a decision that has unsettled marketers and renewed fears of pressure on fuel pricing and foreign exchange.

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A statement signed by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals, titled “Suspension of DPRP PMS Naira Sales: Effective 28th September 2025”, attributed the move to the depletion of its crude-for-naira allocation.

“We write to inform you that Dangote Petroleum Refinery & Petrochemicals has been selling petroleum products in excess of our naira-crude allocations and, consequently, we are unable to sustain PMS sales in naira going forward.

“Kindly note that this suspension of naira sales for PMS will be effective from Sunday, 28th September 2025. We will provide further updates regarding the resumption of supply once the situation has been resolved.

“All customers with PMS transactions in naira who would like a refund of their current payments should formally request the processing of their refund.”

It remains to be seen what lies ahead if the conflict between marketers and the Dangote Refinery is not resolved amicably and in due time.

Fuel scarcity is becoming a pressing concern as the price of petrol surges to N980 per litre. This significant increase in fuel costs not only places a heavy burden on consumers but also raises alarms about potential shortages at petrol stations.

As transportation and logistics are heavily reliant on affordable fuel, the rising prices could lead to wider economic implications, affecting everything from commodity prices to daily commuting costs. With many feeling the pinch in their wallets, urgent discussions and measures may be required to address the looming crisis in fuel availability.

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The recent rebound of the local currency is being attributed to a confluence of factors, including increased demand for the naira, a reduction in speculative trading activities, and an uptick in foreign reserves, which currently stand at $43.05 billion.

Analysts assert that the foreign exchange reforms implemented by the Central Bank of Nigeria under the leadership of Godwin Emefiele are contributing to the stabilization of exchange rates and enhancing the overall health of the economy. Click link to continue reading.

The naira sustained its gains yesterday, closing at N1,480/$1 at the official Nigerian Foreign Exchange Market.

According to data from the CBN, the naira traded at N1,480/$ continuing the positive trajectory that began in early September when it opened at N1,526.09/$.

The parallel market mirrored the trend, with the naira strengthening to between N1,490/$ and N1,495/$ in the course of the week.

The local currency rebound is being driven by a combination of stronger demand for the naira, reduced speculative trading, and rising foreign reserves now at $43.05 billion.

CBN Governor, Olayemi Cardoso, announced that gross external reserves remained robust at $43.05 billion on September 11, 2025, compared with $40.51 billion at end-July 2025 with an import cover of 8.28 months.

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“Similarly, the second quarter 2025 current account balance recorded a significant surplus of $5.28 billion compared with $2.85 billion in first quarter of 2025,” Cardoso stated during the 302nd monetary policy committee meeting held this week in Abuja.

Analysts insist that the forex reforms instituted by the Cardoso-led CBN are stabilising the exchange rates and improving overall health of the economy.

The reforms were instituted to entrench transparency, accountability and improve dollar access in the foreign exchange market.

Analysts at Commercio Partners attributed the rally to a combination of stronger demand for the naira, reduced speculative trading, and improved foreign reserves.

Head of Research at Commercio Partners, Ifeanyi Ubah, expressed optimism that the positive sentiment would be sustained in the near term, supported by increasing external buffers.

“Nigeria’s rising external reserves are reflecting a healthier external position for the country.

“With reserves strengthening, speculative activity subsiding and oil earnings supporting inflows, many market watchers believe the naira’s current rally has a stronger foundation compared to previous cycles of volatility,” he said.

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However, other experts caution that sustaining this momentum will depend on the government’s ability to maintain macroeconomic discipline, boost crude oil production, and diversify export earnings.

President, Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said the policy shifts showed the level of creativity, policy and hard work Cardoso puts in ensuring that more forex flows into the economy and remain accessible to businesses.

The initiatives undertaken by the Central Bank of Nigeria regarding the formulation of policies for the exchange rate between the U.S. dollar and the Nigerian naira are yielding positive outcomes for the nation’s economy under the current administration.

This progress comes despite the numerous criticisms that have been voiced in the past. Click link to continue reading.

On Tuesday, September 23rd, 2025, the market was buzzing as the dollar was traded at a significant ₦1,510 per $1 for buyers, while sellers were offering it at an even higher rate of ₦1,520 per $1.

These figures, reported by Investors King and corroborated by key dealers in the parallel market, underscore the strain on the naira and the ongoing volatility in Nigeria’s foreign exchange landscape.

How Much is Dollar to Naira Today in Black Market?
As of Tuesday, September 23rd, 2025, the black market exchange rates are:

Dollars to Naira Exchange Rate Today
Buying Rate ₦1,510
Selling Rate ₦1,520
(Source: Investors King)

Dollar to Naira: Black Market vs Official CBN Rate
The black market exchange rate remains considerably higher than the official rate provided by the Central Bank of Nigeria (CBN).

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Although the CBN maintains tighter controls at the official window, access is limited, forcing many importers, businesses, students, and travelers to the black market. This persistent gap widens inflationary pressures and increases the cost of living across Nigeria.

Key Drivers of the Black Market Exchange Rate
Strong Dollar Demand – Importers and international travelers continue to push demand upward.

Limited Forex Inflows – Reduced crude oil revenues and declining reserves constrain official supply.

Speculation and Hoarding – Traders hold dollars in anticipation of further depreciation.

Inflationary Pressures – Rising inflation makes the dollar a safer hedge against naira devaluation.

Impact on Nigerians and Businesses
Importers face higher sourcing costs, which raise consumer prices.

Families and students abroad pay more to cover tuition and living expenses.

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Manufacturers relying on imported inputs experience squeezed profit margins.

Households feel the effect as inflation continues to erode purchasing power.

Outlook for the Naira
Experts note that the long-term stability of the Dollar to Naira exchange rate depends on Nigeria’s ability to increase forex inflows, diversify exports, and attract foreign direct investment.

Strengthening remittances and reducing dependency on imports will also play a crucial role in narrowing the gap between the official and black market rates.

Disclaimer: Black market exchange rates are unofficial and may vary by state and trader. For official and regulated exchange rates, always check with the Central Bank of Nigeria (CBN).

investorsking.com

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Nigeria’s external reserves have risen to $42.03 billion as of September 19, 2025, reaching the highest level since late September 2019 and marking a six-year peak.

According to the latest data from the Central Bank of Nigeria (CBN) released on Monday, reserves increased from $41.99 billion the previous day and are significantly higher than the $41.42 billion recorded at the beginning of September.

The last time reserves were this high was on September 26, 2019, when they stood at $42.05 billion. This recent surge reflects a steady upward trend that began in July and has picked up momentum this month.

This new milestone is important for market confidence, enhancing Nigeria’s import coverage and bolstering the credibility of the Central Bank’s policies.

How have the reserves performed so far in September

Nairametrics observed that the buildup is not a one-off spike. Throughout September, every recorded session has shown an increase, delivering 13 consecutive daily gains across 14 reporting days.

From the start of September to the 19th, reserves have grown by $610.8 million, or 1.47%. The accretion has been steady, averaging about $47 million per reporting day. The second half of the month has been particularly strong.

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On September 8, reserves stood at $41.5711 billion. By September 19, they had risen by $461.8 million. In the span of four business days between September 15 and 19, reserves added almost $583.0 million, a reflection of more robust FX inflows and restrained outflows.

Compared with August 29, when the balance was $41.3055 billion, reserves are now stronger by $727.3 million, a 1.76% increase.

Year-to-date trend
Reserves are also in positive territory for 2025. They have risen by $1.15 billion, or 2.83%, from $40.8780 billion at the end of December 2024 to $42.0329 billion in mid-September 2025.

The trajectory was not smooth, with a sharp decline in the first half of the year dragging reserves to a low of $37.1806 billion on July 3, 2025. Since then, the stock has recovered by $4.85 billion, or 13.05%. The September peak is now the highest point of the year, surpassing all prior 2025 readings and reversing earlier losses.

Implications for the economy
The return of reserves above $42 billion strengthens the Central Bank’s capacity to smooth volatility in the FX market and meet external obligations with greater credibility.

It also raises Nigeria’s import cover, a key metric tracked by investors, lenders, and ratings agencies. The six-year high provides a psychological boost that may help encourage portfolio inflows into local assets, provided yields remain attractive and policy direction stays consistent.

Still, the durability of this rally will be tested. Sustaining reserves at or above $42 billion requires a steady pipeline of FX supply from crude oil sales, non-oil exports, diaspora remittances, and foreign portfolio investments. Any slump in oil production, fall in global prices, or resurgence of demand pressure could stall the gains.

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On the other hand, further improvements in production volumes, transparent FX operations, and consistent fiscal-monetary coordination could consolidate the milestone and possibly push reserves above late-2019 levels.

In essence, September has flipped the 2025 reserves story from weakness to strength. The test now is whether this momentum can carry through to the fourth quarter and provide lasting stability for Nigeria’s currency and external sector.