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PZ Cussons/Business Post Nigeria Hit by a negative net assets position of N23.2bn, PZ Cussons Nigeria Plc said it is under pressure to settle its debt to the core investor, PZ Cussons Group, suppliers and other providers of credit and it may consider selling its assets if minority shareholders frustrate its proposed …

At the official market, the naira recorded a marginal gain closing at N1,551.24 as against the earlier N1,574.62, according to the Nigerian Autonomous Foreign Exchange Market (NAFEM). Nigeria’s economic situation continues to worsen as its legal tender, naira tumbled at the parallel market in spite of the clampdown the federal …

Merged Photos of Barrister Frank Tietie and Nigerians protesting the high cost of food(Credit: Premium Times) The Executive Director of Citizens Advocacy for Social Economic Rights (CASER), Barrister Frank Tietie, has said that the current food crisis in Nigeria is as a result of political leaders repeating mistakes that grounded the …

He alleged that his life was not safe whenever he had physical contact with Shittu, asking the police to investigate the matter. Prof. Adolphus Odogun Loto, Deputy Vice-Chancellor, Administration and Clinical Services of the University of Medical Sciences (UNIMED), Ondo City, Ondo State, has accused the Bursar of the institution, …

This was contained in a press statement issued by Bayo Onanuga, the Special Adviser to the President on Information & Strategy, explaining that the total electricity debt owed by the State House was N342,352,217.46 and Tinubu said it should be cleared after  the reconciliation of accounts between the State House …

The CEO of Nigerian Breweries, Hans Essaadi has lamented that Nigerian consumers of its Goldberg brand can no longer afford its product- Goldberg lamenting the effect of skyrocketing inflation on the company’s financial performance resulting in a loss of N106 billion in 2023.   He said this while speaking to …

Naira appreciated against the dollar at the official foreign exchange (FX) market after dollar sales increased by 76.60 percent on Tuesday. Banks and other willing buyers and willing sellers sold a total of $117.32 million on Tuesday, higher than $66.43 million sold on Monday. After trading on Tuesday, naira gained 1.50 percent of its …

The All Progressives Congress (APC) has declared its governorship primary election held in Edo State on Saturday as inconclusive following conflicting results with three different candidates claiming victory. In a statement on Tuesday by its National Publicity Secretary, Felix Morka, the ruling party said a new primary election will be …

The criticism of the judgment is anchored on the claim that Nigeria is a capitalist country. It is surprising that such critics are not aware that the leading capitalist countries in the world regularly subsidise energy and gas and regulate the prices of certain goods and services. Not a few …

Senate President Godswill Akpabio says some of the street protests against the rising cost of living in the country are sponsored. There have been pockets of protests in different parts of the country, with the latest on Monday in Ibadan, capital city of Oyo state. Residents had also taken to the streets …