Average price of 5kg cooking gas stood at N4,189.96 in September- NBS

The National Bureau of Statistics (NBS) said the average price of 5kg of cooking gas increased from N4,115.32 recorded in August 2023 to N4,189.96...

Naira appreciates against dollar for first time in three weeks

Naira, on Wednesday, appreciated against the US Dollar on the unofficial parallel market, commonly referred to as the black market. In afternoon trading, the exchange...

Diesel, jet fuel rising prices threaten industries, airlines

There is growing apprehension in the manufacturing and aviation sectors that the rising costs of diesel and aviation fuel will lead to the total...

Obasanjo urges FG to ban importation of adire from China, revive textile industry

Former President of Nigeria, Chief Olusegun Obasanjo, has urged the Federal Government to ban the importation of Chinese adire and also revive the textile...

Reps fault CBN’s forex ban lift, NECA kicks

A member of the House of Representatives, Sada Soli, has warned that the lifting of the ban on foreign exchange on 43 items by...

There’s only one way to fix Naira crisis – Moghalu

Former Deputy Governor of the Central Bank of Nigeria (CBN), Prof Kingsley Moghalu, has said the naira can only be strong again if Nigeria...

CAC uncovers 189 fake companies

The Corporate Affairs Commission says it has uncovered 189 fake companies used to secure land allocations in the Federal Capital Territory. The Registrar General of...

Subsidy removal, exchange rate unification have achieved desired objectives — Tinubu

Amidst the inflationary impact of the removal of petrol subsidy, President Bola Tinubu has indicated that the measure has achieved desired objectives.  But leading economists and investment analysts faulted the position...

Borno reopens burnt market, waives two-year rent for traders

Governor Babagana Zulum of Borno State, on Monday, reopened the rebuilt Maiduguri Monday Market, waiving two-year rent for the 8,000 traders renting shops there. The...

FG plans $10bn to stabilise naira, eyes NNPCL for forex

President Bola Tinubu has assured Nigerians and investors that there is an ongoing plan to boost the country’s foreign exchange liquidity. This was as the...

Marketers meet Senate, blame cabals for gas price hike

The Nigerian Association of Liquefied Petroleum Gas Marketers has accused terminal operators of incessantly increasing the price of gas, exploiting and limiting its availability...

Naira slumps further, exchanges 1,190/$

The naira has maintained its downward trend as scarcity of the dollar bites harder. At the parallel market, naira commenced trading at 1,175/$ and closed...

Fuel hits N685/litre in North

Filling stations, particularly those operated by independent marketers, now dispense Premium Motor Spirit, popularly called petrol, at prices that are higher than the bands...

Truecaller appoints Country Manager in Nigeria

A global communications platform, Truecaller, has appointed Ogochukwu Onwuzurike as Country Manager in Nigeria. Onwuzurike’s appointment was disclosed in a statement on Friday in Lagos...

ICAN celebrates Akintola Williams’ achievements

The Institute of Chartered Accountants of Nigeria has said that no society grows to an enviable height without the contributions of its citizens. The President...

Why naira is in free fall – Ex-minister Aganga

A former Minister of Finance, Olusegun Aganga, has explained that the naira would continue to be weak if the country remains an import-dependent country. Aganga...

AfDB, AGF approve $1.2bn loan for women-led businesses

The African Guarantee Fund in collaboration with the African Development Bank Group has approved $1.2bn loan to empower women-led enterprises across Africa. This financial support...

Fuel scarcity: NNPCL, marketers disagree over supply as queues spread

There was a disagreement between oil marketers and the Nigerian National Petroleum Company Limited on Thursday over the supply of Premium Motor Spirit, popularly...

Nokia to cut 14,000 jobs after profits drop

Finnish telecom gear group, Nokia, on Thursday, said it would cut up to 14,000 jobs as part of a cost reduction plan following a...

Business owners groan as operation costs skyrocket

An increasing number of Nigerian businesses are feeling the strain of the increasing costs of production, largely due to the removal of subsidies on...