Manufacturers Dismiss 3,567 Workers in H1, 2023 – MAN No fewer than 3,567 jobs were lost in the manufacturing sector in the first half of 2023 according to figures obtained from the Manufacturers Association of Nigeria (MAN). MAN disclosed this in its half yearly review of...

NGX Sustains Negative Trading With N126bn Loss The market capitalisation of the Nigerian Exchange Limited (NGX) dipped by N126bn on Tuesday, marking the fifth consecutive negative trading session on the local bourse. The equity market kicked off the week’s trading session with a loss of N242bn...

Naira Hits N1000/$1 at Parallel Market The disparity between the official and parallel market rate is now very much wider than anticipated as the dollar at parallel market, on Tuesday, sold at N1000/$1 at the end of transactions. According to traders who spoke to Daily Sun,...

Senate Confirms Cardoso As New CBN Gov, Deputies  The Senate on Tuesday confirmed the nomination of Olayemi Cardoso as substantive Governor of the Central Bank of Nigeria (CBN). Cardoso was screened alongside four nominees for the positions of CBN Deputy Governors, to steer affairs of the...

HONLAF: We Must Protect our Economy from Consequences of Drug Trafficking - Tinubu By Nafisat Bello President Bola Ahmed Tinubu has expressed his administration’s commitment to the country’s fight against substance abuse and illicit drug trafficking as part of efforts to curtail the global drug problem...

Subsidy Removal: Petrol Consumption Declines 33% Post Deregulation – Minister Nigeria’s petrol consumption rate declined by 33 percent due to the subsidy removal. The minister of state for environment, Kunle Salako, disclosed this to newsmen at the 78th UN General Assembly in New York, that the...