Fuel subsidy is a significant issue in Nigeria's economy, and its removal has been a topic of much debate in recent times. The government has argued that fuel subsidies drain resources from the govern...
The Central Bank of Nigeria (CBN) has adjusted the Custom duties at the nation's seaports and airports from N1,617.96/$1 to N1,593.41/$1, a 1.5% reduction.Analysts stated that the reduction in Customs...
The naira showed strength at the official market, quoting N1,560.75/$, and this development has been attributed to the many reforms of the Central Bank of Nigeria (CBN).At the close of trading at the ...
According to the National Bureau of Statistics (NBS) recent report for February 2024, the cost of bread, yam, white garri, beans, onions, beef, and other food items increased.It said this was in its S...
On Tuesday, the Dangote refinery announced that the price of a litre of diesel would be reduced from N1,200 to N1,000.The company expects the significant decrease in diesel prices to positively affect...
MTN Nigeria Communications Plc recently released its report for Q1 2024, which shows that the telecommunications company recorded a loss after tax of N392.7 billion.The company reported a net foreign ...
Lafarge Africa Plc shareholders recently approved a dividend of N1.90 per share for the fiscal year ending December 31, 2024.Lafarge Africa Plc shareholders approved the dividend at the firm's 65th an...
On Tuesday, the Dangote refinery announced that aviation fuel and diesel prices would now sell for N980 and N940 per litre, respectively.This follows the company's announcement last week that it would...
In March 2023, Oluyemi Oloyede was appointed as the new Managing Director and Chief Executive Officer of UAC Foods Limited, a top Nigerian company in the food and beverage industry. With more than 16 ...
In an official address at the Eagle Square in Abuja, President Bola Tinubu announced his administration's plans to undertake a comprehensive house cleaning of Nigeria's monetary policy. This move aims...