Electricity Tariff Hike Leads to Shutdown of Over 300 Companies, 380,000 Job Losses — MAN
The Manufacturers Association of Nigeria (MAN) has raised alarm over the severe consequences of the recent hike in electricity tariffs,…
Local refining may crash petrol price to N300/litre – Modular refineries
The pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive…
MultiChoice Nigeria Rejects Tribunal’s N150 Million Fine and Free Subscription Order, Plans Appeal
MultiChoice Nigeria plans to appeal Friday’s ruling by the Competition and Consumer Protection Tribunal in Abuja, which fined the company…
Foreign Footwear Giant To Set Up Factory In Abia
Comfort Stevens Industries, a collaboration between US, Chinese, and Brazilian companies, has announced plans to establish a footwear factory in…
Nigeria Plans To Suspend Import Duties, Other Tariffs On Staple Food, Drugs To Ease Inflation
The Nigerian Government, under President Bola Tinubu, is considering suspending import duties and other tariffs on food items, drugs, and…
Nigeria’s Foreign (External) Reserves Fall By $1.8billion In Over Two Months – Report
Data from the Central Bank of Nigeria (CBN) reveals a significant drop in Nigeria’s foreign exchange reserves, which have decreased…
One Year Into Tinubu’s Tenure, Investors Want More From Nigeria – Bloomberg
Investor Sentiment Wanes as Nigerian Reforms Hit Roadblocks One year after President Bola Tinubu took office, the initial investor excitement…
FG blames tomato scarcity, price increases across Nigeria on farm infestation
The Minister of Agriculture, Senator Abubakar Kyari, attributed the scarcity and elevated prices of tomatoes in the country to a…
Inflation: 5kg cooking gas jumped from N4,642 to N7,000; 12.5kg from N10,323 to N17,800
The National Bureau of Statistics (NBS) reported that the average price of 5kg of cooking gas decreased from N6,591.62 in…
BREAKING: FG, Others Finally Agree On Real Price Of 50kg Cement
Doris Nkiruka Uzoka-Anite, Minister of Industry, Trade, and Investment, has requested that cement makers be granted the same gas concession…