Inflation: Table, sachet water producers shut down operation in Enugu
The Association of Table Water Producers (ATWAP) in Enugu State has announced a temporary shutdown of water-producing factories due to the high cost of production. The…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Economic Hardship: Adeboye reveals cause of Nigeria’s Problem
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has said the problems facing Nigeria are spiritual. The clergyman stated…
EFCC Declares Emefiele’s Wife, 3 Others Wanted
The Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others,…
TotalEnergies to exit Nigerian offshore oil business
TotalEnergies has stated plans to sell its minority stake in a significant Nigerian onshore oil joint venture, Shell Petroleum Development Company of Nigeria Limited, SPDC. The…
BREAKING: Senate quizzes CBN governor, Cardoso over free fall of naira
The Joint Senate Committee On Finance, Banking, Insurance and Financial institutions is currently having an interactive session with the Economic Management Team over the recent fall…
BREAKING: CBN Uncovers $2.4 Billion Fake Forex Claims Pressuring Naira
The Central Bank of Nigeria (CBN) has uncovered a $2.4 billion scam involving false foreign exchange claims that have put pressure on the naira and spooked…
Again Ibadan Market Razed by Overnight Fire
A ferocious fire yesterday wreaked havoc at Sango Market, Ibadan, Oyo State consuming goods worth millions of naira. The goods were lost to an overnight fire…
Nigeria to offer investors 75% stake in proposed solid minerals firm
Nigeria plans to offer investors at least a 75% stake in a proposed solid minerals corporation, a minister said on Tuesday, as lawmakers draft legislation to…
Rise in Price of Goods Imminent as CBN Increases Customs Exchange Rate
Prices of goods are set to increase as the Central Bank of Nigeria (CBN) raised the exchange rate used by the Nigeria Customs Service for imports…
BREAKING: Prices to increase as FG raises exchange rate for cargo clearance to N1.356 per Dollar
The Bola Tinubu-led federal government, through the Central Bank of Nigeria (CBN), has increased the exchange rate for cargo clearance from N952 per dollar to N1.356…