After Slashing Cement Price, BUA 'Silently' Increase Sugar, Flour, Pasta Prices   Days after announcing the reduction of ex-factory price of cement, BUA Group has silently increased prices of foods, particularly a bag of sugar, a bag of flour and a carton of spaghetti, investigation has...

Forex Rate: Manufacturers, Importers, Others Bemoan High Costs   Importers, clearing agents and manufactures have cried out over the high foreign exchange (forex) rate in the country. It was in June, this year that the Central Bank of Nigeria (CBN) unified exchange rate windows to maintain Naira...

W’Bank Cautions CBN Against FX Control, Direct Lending The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconventional measures that might undermine their monetary policies. According to the Washington Bank, these measures include “monetizing the fiscal deficit, direct...

Foreign Investment Inflow Falls by $18.6bn in Four Years Foreign investment inflow into Africa’s largest economy declined by $18.6bn in four years (2019-2022), according to National Bureau of Statistics. Also in the review period, eight states in the federation failed to attract any form of foreign...

World Bank Tasks Nigeria, Others to Reform Private Sector, Create Jobs The World Bank has urged Nigeria and other countries in sub-Saharan Africa (SSA) to ensure cost-effective private sector reforms, uniform policy enforcement across firm sizes and regulatory alignment with regional trading partners among other...

Chemical, Non-Metallic Products Decline, Push for Survival Chemical and non-metallic products manufacturers have raised alarm over declining level of activities in the sector, appealing for federal government support to survive. Speaking at the 44th Annual General Meeting, AGM, of the association of employers under the umbrella...