Business

Businesses, particularly those that rely on imported raw materials for input have bemoaned the rate at which the naira is depreciating, saying the cost of goods and services may continue to soar, portending more hardship for Nigerians. According to Moses Okiodo, a manufacturer, some industry that rely on imported raw …

There was unease in the global oil production market yesterday, when it came to light that the much-awaited Dangote Petroleum Refinery and Petrochemicals plant may soon become fully operational as early as January, as the first refinery in Africa in the last 40 years, with most of the 54 African …

After almost two years of inflation rising to a 18 year high, analysts say the rate is expected to begin a descent early next year as the slope starts flattening out to a month-on-month decline. According to Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company (FDC) Limited in …

President Bola Tinubu (middle) signing the 2023 supplementary Budget at the Presidential Villa in Abuja on Wednesday.With him are: From left: Senate Leader, Sen Opeyemi Bamidele; Chairman Senate Committee on Finance, Sen Olamilakan Adeola; President of the Senate, Godswill Akpabio; Speaker, House of Representatives, Tajudeen Abbas; Chairman, Secretary to the …