L-R: Aliko Dangote, Founder, Dangote Cement; Abdulsamad Rabiu, Chairman of BUA Cement and Mr. Adebode Adefioye, Chairman Lafarge Africa Plc The Minister of Housing and Urban Development, Ahmed Dangiwa, has warned cement manufacturers against taking undue advantage of the country’s current economic woes to increase the price of cement. The …
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…Says 45 trucks of maize intercepted Sunday night Vice President Kashim Shettima on Tuesday revealed that the federal government has uncovered 32 routes used to smuggle food out of Nigeria. The revelation came as the government battles smugglers and hoarders to provide more food for Nigerians hit by high food prices. …
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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 …
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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 …
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Adebayo Adelabu, minister of power, has said political will and funding are critical to solving the persistent challenges facing Nigeria’s electricity supply. Adelabu said this during a late-night interview on Channels TV on Monday. “If anybody tells you that you’ll have 24/7 uninterrupted light in the next six months or …
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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 …
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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, …
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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 …
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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 …
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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 …
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