More Hardship For Nigerians As Naira Hits Record Lows, Stocks Plunge   The Nigerian naira fell to record lows on both the official and unofficial markets on Monday, while stocks posted their biggest one-day fall in more than a year, as jittery investors sold off local...

Cement: FG, Manufacturers Agree to Peg Price at N7,000 - N8,000   The Federal Government and Cement Manufacturers have agreed on a N7,000 to N8,000 per 50 kg bag of cement to halt the astronomical rise in the price of the product. This agreement was part of...

Naira Falls Further, Exchanges for N1,673/$, N2,000/1£ at Parallel Market Nigeria’s currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. The new rates were confirmed on Monday by Bureau de Change operators in the Federal Capital Territory, Abuja, with...

Sachet Alcohol Ban May Result in 5.5m Direct, Indirect Job Loss – DIBAN The Distillers And Blenders Association Of Nigeria (DIBAN) has said that investments worth over N1.2tn will be lost while 5.5 million direct and indirect workers would be out of jobs if the...

Proposed FX Gateway Bank May Impact Banks’ Liquidity – Fitch Fitch Ratings, a credit rating agency has said that the proposed foreign currency gateway bank announced by the Central Bank of Nigeria (CBN) may have a negative impact on the liquidity of Nigerian banks. This was...

Months After Repairs FG Reopens Lagos Airport Runway The Federal Airports Authority of Nigeria (FAAN) has reopened the 3.9km Runway 18R/36L of the Murtala Muhammed International Airport, Lagos after almost 11 months of maintenance repairs. In March 2023, FAAN announced the temporary closure of the international...