Investors Lose N39bn as Trade Volume Increases
Trading Exchange closed negative on Friday by 0.11 per cent week-on-week due to weak market momentum which saw investors losing N39bn.
Both the market capitalisation and the Nigerian Exchange Limited All Share Index closed trading lower at N36.847tn and...
Manufacturers Warn FG of Imminent N9,000 Hike in Cement Prices
The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9, 000 per bag from the current price...
108 Transmission Towers Destroyed in 2 Years, Threatens Power - TCN
The Transmission Company of Nigeria, on Monday disclosed that about 108 power transmission towers were destroyed by vandals in various parts of the country between January 2022 and September this year.
It was gathered that...
Saudi-Nigeria Trade Volume Hits $600m
By Zekeri Idakwo
The trade volume between Saudi Arabia and Nigeria has hit a record high of more than $600m in recent times.
This was made known when the Royal Embassy of Saudi Arabia in Abuja celebrated the country's 93rd National Day...
Fuel Scarcity Looms as Forex Shortage Halts Importation
Oil marketers are increasingly worried they can’t import petrol due to the dollar shortage in the country. Despite the deregulation of the downstream sector, concerns have been raised about the potential comeback of the country’s persistent fuel...
Manufacturers Incur Heavy Losses As Inflation, Forex Crisis Get Worse
In apparent reflection of the depreciation in the value of the Naira coupled with the sustained inflationary pressure, the cost of raw material input for consumer goods companies rose by 18.5 percent in the first...
