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Category: blog
BUA Cement to bring down cement price from N5,500 to M3,500 per bag
BUA Cement Plc has announced plans to reduce the price of cement in Nigeria from the present N5,500 to between N3,000 to N3,500. This was made known by the Chairman…
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The IEA predicts that the global demand for coal, gas, and oil will peak this decade.
A historic turning point in the world's energy landscape was forecasted by the International Energy Agency (IEA) on Tuesday. According to IEA Executive Director Fatih Birol, the demand for oil,…
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FG Secures $163 Million AfDB Loan For Wheat Production
To increase wheat output, the Nigerian government has obtained a $163 million loan from the African Development Bank. The Vice President, Senator Kashim Shettima, reportedly made this announcement in Argungu,…
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Dollar Value Drops To N930 Per Naira
On Thursday, the parallel market, an illegal foreign currency market, saw the naira drop to N930 to the dollar. The reason for this is because Nigerian banks are unable to…
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G-20 summit: Tinubu is in India to promote trade and investment
In order to showcase Nigeria as a business-friendly nation and to attend the G-20 Leaders' Summit, President Bola Tinubu arrived New Delhi India To discuss measures to foster greater economic…
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Dollar Now N850 At Parallel Market
On Wednesday's parallel market, the naira strengthened further versus the US dollar, closing at 850/dollar. The Central Bank of Nigeria stated its intention to intervene in the foreign exchange market…
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Seplat Energy’s oil rig near Delta falls, leaving one person dead and several missing.
According to Seplat Energy Plc, one person died as a result of the 'Majestic' oil rig near Ovhor in Delta State collapsing. This was announced by the oil firm on…
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Naira crash: CBN will penalize banks selling illegal foreign currency
The Central Bank of Nigeria (CBN) has stated that it will deal with commercial banks selling foreign currency illegally. This is coming on the heels of the crash of the…
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CBN Owes JP Morgan, Others $13.8 Billion
Nigeria's Central Bank owed JP Morgan and Goldman Sachs a combined total of $7.5 billion as of the fiscal year that concluded in December 2022. Another $6.3 billion in foreign…
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Naira drops further, exchanges at N945/$1
The Naira fell even more on Thursday in the black market, trading in Abuja at N945 to the dollar as opposed to N925 the day before. However, the Naira closed…
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