Depots deserted as petrol landing cost hits N720/litre

Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the landing cost of Premium...

BUA gets accolades for slashing cement price

Dr Wamakko who doubles as Chief Executive Officer of Jedo Investment challenged Aliko Dangote and other producers of cement business to follow suit. “We in...

W’Bank warns CBN against FX control, direct lending, subsidy programmes

The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconventional measures that might undermine their monetary...

FG to support local manufacturers with N75bn

Vice President Kashim Shettima says the federal government will support local manufacturers with N75 billion by March 2024 to strengthen the manufacturing sector. Shettima said...

Marketers disagree with Tinubu’s tax adviser on refineries sale

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said  Nigerians should pray that the country’s refineries do not...

12.5kg cooking gas hits N12,500

Price of 12.5kg of Liquefied Natural Gas or cooking gas has increased to N12,500 as Nigeria celebrates her 63rd Independence anniversary. Market survey revealed that...

Increased non-oil export will halt naira depreciation – NEPC boss

The Executive Director of the Nigerian Export Promotion Council, Ezra Yakusak, has revealed that the key to stabilising the free fall of the naira...

Nigeria/China economic partnership boosting industrialization, creating jobs – Deputy Speaker, Kalu

Deputy Speaker of the House of Representatives, Hon. Benjamin Okezie Kalu has commended China’s diplomatic and trade relationships with Nigeria, saying that the cultural...

CBN will spend $3bn loan to stabilise economy – NEC

The National Economic Council on Thursday affirmed that the $3bn emergency loan-for-crude oil the Federal Government secured in August would be deployed to stabilise...

Marketers urge FG to address rising gas prices

The Nigerian Association of Liquefied Petroleum Gas Marketers has called on the Federal Government to find ways to ensure stability of gas prices and...

CBN audit report ready soon, says FG

The Federal Government on Monday admitted that most of the problems confronting Nigeria were caused by bad governance from the nation’s leadership. The government however...

10bn debt: CBN defaults on payment to banks, dollar nears N1,000

Over two weeks after the Central Bank of Nigeria promised to clear over $10bn foreign exchange debts owed Deposit Money Bank, the apex bank...

Concrete roads: Cement price to hit N9,000, say manufacturers

The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price...

Clamp down on those hoarding dollars, Ooni tells FG

The Ooni of Ife, Oba Adeyeye Ogunwusi, has advised the Federal Government to clamp down on citizens who are hoarding dollars, amid the freefall...

Trade volume hits N1.12bn on NGX

The daily volume of trade on the Nigerian Exchange Limited increased by 98 per cent to 1.12 billion units on Thursday as investors lost...

FG may pay N1.68tn fuel subsidy, marketers forecast N900/litre

The Federal Government may spend about N1.68tn as subsidy on Premium Motor Spirit, popularly called petrol, from September to December this year, an analysis...

Pressure on petrol, diesel prices as crude hits $97.17

There are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by 19.3 per cent to...

Naira tumbles to 980/dollar, FX shortage worsens

The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A week earlier, the naira exchanged...

UNGA: Nigeria’s minerals deposit worth $700bn, Alake tells investors

As the United Nations General Assembly, UNGA, continues in New York, the Minister of Solid Minerals Development, Dr Dele Alake, yesterday, told investors Nigeria’s...

Nigeria’s crypto transactions hit $56.7bn in one year — Report

Nigeria’s crypto transaction volume grew year-over-year to $56.7bn, Chainalysis has disclosed. This was a nine per cent y-o-y growth recorded between July 2022 – June...