The Lagos Chamber of Commerce and Industry (LCCI) has asked President Bola Tinubu to provide more detailed plans and strategies to tackle inflation, insecurity, under-employment, and social inequality in the country. The Chamber also advocated urgent need to address the ...
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Feed SubscriptionDangote Refinery Receives 4th Crude Oil Shipment From NNPC
Dangote Refinery has received its fourth shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Company (NNPC) Limited. In a statement released on Sunday, Dangote Oil Refining Company expressed expectations of receiving the fifth shipment ...
Read More »Telecom Investments Fall By 61% To $111m – NBS
Investment in the telecommunications sector dropped to $111.91m in the first three quarters of 2023, down 61.22 per cent from $288.55m in the same period of 2022, according to the National Bureau of Statistics. This coincides with a dry period ...
Read More »Planned Cement Price Review Will Worsen Economy – Guild
The Building Collapse Prevention Guild has stated that the planned cement price hike will worsen the country’s economy. The guild disclosed this on Sunday in a statement, it called on President Bola Tinubu to invite cement manufacturers for an urgent ...
Read More »Nigeria’s Economy Will Witness Boom In 2024, Presidency Assures
The presidency has assured Nigerians that the country’s economy will witness major turn around in 2024 with efforts being made by President Bola Tinubu to change the narratives. The senior special assistant to the president on media and publicity, Temitope Ajayi said ...
Read More »NGX Group Names Temi Popoola As GMD/CEO Designate, Chiemeka As Acting CEO Of NGX
Ahead of the retirement of Mr Oscar Onyema as the GMD/CEO of Nigerian Exchange Group Plc, the Board of Directors has announced the appointment of Mr Temi Popoola as the GMD/CEO designate, effective from January 1, 2024, subject to the ...
Read More »Naira Declined 55% This Year, May Continue Falling in 2024, Bloomberg Predicts
A US-based media company, Bloomberg L.P., has predicted a continued decline of the Nigerian naira in 2024, potentially making it the worst-performing currency globally for the second year in a row. Bloomberg’s market analysis reveals a staggering 55% depreciation of ...
Read More »Gov Eno Signs N840.6bn 2024 Budget At Last SEC Meeting For 2023
Governor Umo Eno of Akwa Ibom State has signed the N840.6 billion budget for the 2024 fiscal year into law during the last State Executive Council (SEC) meeting for 2023 held at the Exco Chamber of the Government House in ...
Read More »We’ll Maintain Sale Of Cement Price At N3500 In 2024 — BUA Chair
Alhaji Abdul-Samad Rabiu, the Chairman of BUA Group, has affirmed the company’s commitment to maintaining the selling price of cement at N3,500 per bag starting January 2024. He disclosed this while speaking to State House correspondents following a visit to ...
Read More »Equity Market Rebounds By 0.99% As Market Capitalisation Gains N401bn
The nation’s bourse experienced a remarkable upturn on Thursday, witnessing a significant profit surge as the market capitalisation surged by N401 billion, an increase of 0.99%, closing at N40.776 trillion compared to Wednesday’s N40.375 trillion. The All-Share Index (ASI) also ...
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