BUSINESS
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NGX opens week on negative posture, down 3.15%
Transactions resumed on the Nigerian Exchange Ltd. (NGX), on Monday, on a negative posture with the market indices declining by…
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FG, manufacturers fix price of bag of cement at N7,000-N8,000
The Federal Government and major cement manufacturers have pegged the price of 50kg bag of cement at between N7,000 and…
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Inflation: SMEs struggling to survive in Kaduna
Small and Medium Enterprises (SMEs) are now struggling to make sales and profit due to the spike in the prices…
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Equities: Boom as investors gain N2.11trn to end week’s session
The equities market of the Nigerian Exchange Ltd. (NGX) ended the week on a positive note, with a gain of…
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Dawanau International Grains Market Management denies hoarding foodstuffs
The management of Dawanau International Grains Market in Kano State has dismissed speculations that dealers transacting business in the market…
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Nigerian Breweries posts 860% loss in 2023
Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion…
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Inflation: Dealers of soft, alcoholic drinks groan under low sales
Some wholesalers and retailers of alcoholic and soft drinks are groaning under the low level of patronage of their products…
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Forex Reforms: CBN bans cash for BTAs and PTAs
The Central Bank of Nigeria (CBN) has directed all authorised dealer banks to, henceforth, effect payment of Personal Travel Allowance (PTA)…
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NGX continues Bullish sentiment, investors gain N329bn
Bullish sentiment continued on Thursday at the Nigerian Exchange Ltd. (NGX) equity market, as the market indices rose by 0.58…
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Nigeria’s inflation rate hits 29.90% in January – NBS
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 29.90 per cent in January 2024 from…
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