Business

THE Nigerian National Petroleum Company, NNPC Limited has reacted to speculations that it is nursing a plan to increase its pump prices. Reports earlier emerged that the landing cost of the Premium Motor Spirit, popularly called petrol, jumped from N651/litre to N720/litre. This fueled speculations that the pump price of …

BUA Cement PLC on Sunday announced the reduction of the price of its cement product to N3,500 per bag starting from Monday, October 2, 2023. It said the price reduction was in line with its commitment to spur development in the “building materials and infrastructural sectors”. The company announced the …

THE authorities at Dangote Company, manufacturers of Dangote Cement have denied viral reports claiming they are set to reduce the price of cement from the current market price of N5,500 to N2,700. The company made the denial in reaction to viral reports on social media claiming they were set to reduce …

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 20th September below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …

THERE are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by 19.3 per cent to N596.93 per litre as of yesterday, from about N500 per litre in July 2023, when the last pump price adjustment was effected across all retail outlets …

NIGERIA’s inflation has increased to 25.80 per cent in August from 24.08 per cent recorded in July. The National Bureau of Statistics disclosed this on Friday in its latest Consumer Price Index Report for August 2023. The August 2023 headline inflation rate shows an increase of 1.72 per cent compared …

IN a big move to make life easier for Nigerians in the current economy, Assets Microfinance Bank has launched Assets Salary Plus Loans for all salary earners in Lagos, Nigeria. The bank aims to make it simpler and cheaper for salary earners to sort out their needs and exigencies. Deputy …

THE price of Nigeria’s Bonny Light, weekend, rose to $92.79 per barrel, from $90.88 per barrel, recorded last Tuesday as the impact of extended output cuts hit the market. Russia extended its voluntary crude oil export cut by 300,000 barrels daily until December 2023, while Saudi Arabia extended its 1 million …

UNITED NIGERIA has received approval for the operation of international flights to the United States of America, United Kingdom, Netherlands, Italy, Ireland, and the United Arab Emirates. According to an approval letter by the Federal Ministry of Aviation and Aerospace Development sighted by our correspondent in Abuja on Sunday, it …

THE Zamfara State Government has announced the immediate closure of cattle markets, popularly known as Kara, in five local government areas of the state. Zamfara State’s Commissioner for Information and Culture, Alhaji Mannir Haidara, disclosed this in a statement issued in Gusau on Sunday. According to Haidara, the affected cattle …