Business

In a bid to streamline and stabilize foreign exchange market in the country, the Central Bank of Nigeria (CBN) has rolled out a revised regulatory framework for Bureaux De Change operations, stipulating that sellers of foreign exchange amounting to $10,000 and above, must declare the sources of their forex. The …

One week ago, cement prices in the country reached a fresh high of N10,500 for a 50kg bag. Despite BUA Cement’s recent price drop of a 50kg bag of the product to N3,500, Vanguard Homes & Property discovered that the price increase cuts across manufacturers. Within a week, between February …

According to Hans Essaadi, the CEO of Nigerian Breweries Plc, the country’s economic status has deteriorated so bad that its citizens can no longer afford to purchase beer. During the company’s investor call on Monday after the release of its 2023 results, Essaadi made this statement. “This year has been …

. Oil marketers representing the Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, have urged President Bola Tinubu to fix the Naira’s exchange rate to the dollar at the 2024 Budget benchmark of N750/dollar. Mr. Benneth Korie, President of NOGASA, addressed journalists in Abuja that the Naira’s persistent devaluation …