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Business & Economy
Analyst cautions against unstable Customs exchange rate as CBN makes another 1.5% reduction
By Editor
For the second time in seven days, the Central Bank of Nigeria (CBN) on Monday slashed the exchange rate for computing Customs Duty at the nation’s ports from N1,617.96/$ to N1,593.41/$ representing 1.5 per cent…
Nigeria’s soaring inflation hits 30.70% in February
Nigeria’s headline inflation has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS).
The NBS released the figure on Friday afternoon with the latest data a rise from the…
Aba Power: Anambra governorship aspirant visits Geometric, plans to replicate feat in the state
Joseph Irikefe
The Pro-Chancellor of Olivia University, Burundi and Chairman of the Nigeria-Burundi Business Council, Sir Paul Chukwuma has predicted that the South East will become a bastion of manufacturing in the next…
BudgeiT: Ningi was right, no detailed project allocations for N3.7trn
Maureen Aguta
The Co-Founder of civic group Budgit, Seun Onigbinde, has said that Senator Abdul Ningi was right that there was no detailed project allocations for about N3.7 trillion of the N28.78 trillion 2024…
Nigeria to join BRICS, may start trading crude oil in Naira
Maureen Aguta
Indication at the weekend was that the Federal Government is working towards submitting an application for Nigeria to join international organisation, BRICS Club.
This was made known in a post shared…
Rising cost of cement: We can’t own houses again — Nigerians cry out
Nigerians, especially the low and middle-income earners, have cried out over the present high cost of cement saying they will no longer be able to own their houses in the country.
This is just as the Real Estate Developers…
Inflation: Butchers announce increase in price of meat effective today
Joseph Irikefe
The National Butchers Association, Oyo State chapter has announced an increase in the price of meat, effective today (Monday).
This, the association attributed to the high cost of transportation and other…
BUA commits to bring Cement price down to ₦8,000 after Tinubu’s directive
Maureen Aguta
In a significant move that promises to impact the construction industry positively, the Group Executive Director of BUA Cement PLC, Kabir Rabiu, has announced the company’s commitment to reducing the…
Nigeria-US bilateral trade hits $10.6bn in 2022—Stevens
Maureen Aguta
Nigeria remains Africa’s largest economy and is the United States’ second-largest trading partner in Africa with two-way trade exceeding $10.6 billion in 2022.
According the U.S. Consul General in…
NIN Linkage: Banks may block 70m accounts
Maureen Aguta
Over 70 million bank customers are at risk of losing access to their accounts when the Central Bank of Nigeria’s directive on restricting accounts without Bank Verification Numbers and National Identification…