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Business & Economy
Cement @N15, 000: FG threatens to open border for cement importation
Maureen Aguta
The Federal Government has threatened the possibility of opening the borders to cement importation if Nigerian cement manufacturers refuse to play ball on cement reduction in the country.
It also said that…
Dangote, BUA give conditions for 50kg Cement to sell at N8, 000
Joseph Irikefe
Cement Manufacturers have said that a 50kg bag of cement, can only sell at a retail price of between N7,000 and N8,000, in future , depending on location in Nigeria.
The manufacturers, namely Dangote…
Again, Atiku lambasts Tinubu over forex crisis, eroding Naira value
PRESS STATEMENT
At a meeting called at his instance on Thursday to address the Foreign Exchange crisis and the problem of economic downturn, among others, Bola Tinubu failed, yet again, to showcase any concrete policy steps…
Naira continues downward slide despite CBN push
Joseph Irikefe
Despite efforts by the Central Bank of Nigeria (CBN) to restore sanity in the foreign exchange market by rolling out three new circulars, the naira suffered a further slide at the weekend.
The naira…
Cement @N15,000/bag: Nigerians advised to suspend housing projects
Maureen Aguta
Peoples Democratic Party (PDP) chieftain and former Delta State governorship candidate, Chief Sunny Onuesoke, has expressed anger over the astronomical hike in cement prices across the country.…
Hardship: AfDB warns Nigeria, others over pending social unrest
Joseph Irikefe
The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and other commodities.
The AfDB gave the warning in its…
Nigerian Breweries posts N106bn loss in 2023
Maureen Aguta
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.
Mr. Uaboi Agbebaku, Company…
IMF forecast: Experts proffer increased oil export to accelerate economic growth
Prof. Bright Eregha, a lecturer of Economics, Pan-Atlantic University, has advised the Federal Government to increase its crude oil export and harness the agricultural prospects to facilitate growth beyond the International…
FCCPC re-opens shut Sahad store, warns against display of fake prices
Joseph Irikefe
The Federal Competition and Consumer Protection Commission (FCCPC) have lifted the closure order on the Abuja mega consumers' store - Sahad Store shut on Friday for lack of transparency in pricing.…
BRICS: Egypt officially ditchs US dollar for local currencies
Egypt was one of five nations to accept an invitation to join the alliance at its 2023 summit.
Subsequently, it has already firmly embraced its shift to local currency trade thus far, which is another sign of the unfolding BRICS…