The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change (BDC) hubs were raided in Abuja,... Read more »
Dangote Cement Plc has vehemently denied accusations of attempting to export cement to the Republic of Cameroon via Adamawa State, Nigeria. The company clarified that two of its trucks, each laden with... Read more »
Food prices have begun to decrease at major grain markets in Kano, Taraba, and Niger states.In recent weeks, there have been protests in Lagos, Kano, and Niger states, as well as in... Read more »
The Federal Government on Monday vowed to address the concerns of oil transporters and distributors to ensure smooth operation despite the high cost, especially in the maintenance of trucks used in the... Read more »
The Naira experienced a sharp depreciation against the US dollar on February 19, 2024, reaching an intra-day high of N1,712. The domestic currency depreciated by 3.78% to close at N1,598.54 to a dollar at the... Read more »
The Airline Operators of Nigeria (AON) have raised concerns about the industry’s existential threat, attributing it to difficulties in accessing foreign exchange for maintenance and other dollar-based activities. Handling companies, airports, and... Read more »
In a bid to accumulate tax returns, Bola Ahmed Tinubu has issued a directive mandating all self-funded agencies, including the Nigeria Civil Aviation Authority (NCAA), to remit 50% of their revenue to... Read more »
President Bola Tinubu has announced Nigeria’s preparedness to host the African Central Bank in alignment with the vision outlined in the Abuja Treaty. Speaking at the 37th Ordinary Session of the Assembly of Heads... Read more »
Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss. Company Secretary,... Read more »
The Central Bank of Nigeria (CBN) says it has stopped the payment of personal and business travel allowances (PTA/BTA) by banks in the country. This is part of the apex bank measure... Read more »