Nigerian Naira Sees Slight Gain Against US Dollar Amidst Market Volatility
In a shift from recent trends, the Nigerian naira experienced a marginal increase in value against the US dollar in […]
African Business News
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African Business News
Nigerian Cinemas Achieve N1.2 Billion Revenue in January 2024 Amid Economic Hardship
In a recent interview with the National President of the Cinema Exhibitors Association of Nigeria (CEAN), Opeyemi Ajayi, it was
FX crisis: NSA, CBN initiate new scheme against currency speculators
February 20, 2024 The Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN) have initiated a joint beat
Tinubu Unveils Ambitious Plans to Boost Economy and Create Jobs
President Bola Ahmed Tinubu has revealed a groundbreaking strategy aimed at generating millions of employment opportunities and doubling Nigeria’s Gross
FG Threatens to Open Borders for Cement Importation
February 20, 2024 The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement
Couple’s Dispute Over £1million Lotto Jackpot
February 20, 2024 .,.. Scary stories of disappearances and deaths after lotto wins A couple are at war over a
NAQS Initiates Crackdown on Food Smugglers and Hoarders
The Nigeria Agricultural Quarantine Service (NAQS) has intensified its efforts to curtail the activities of food smugglers and hoarders. The
NGX Suffers Losses as Market Slides by 3.15% on Monday
The Nigerian Exchange Limited struggled on Monday, with the All-Share Index plummeting by 3.15%. The market capitalisation, which began at
AfDB Warns Of Protests In Nigeria, Kenya, Other African Countries Over Fuel Subsidy Removal, Rising Costs
February 19, 2024 The bank gave the warning in its Macroeconomic Performance and Outlook for 2024, even as it projected
States Lag in Implementing New Electricity Act, Prolonging Electricity Woes
Since the enactment of the new Electricity Act in June 2023, the failure of many state governors to adopt the
Naira Plummets Against US Dollar, Heightening Nigeria’s FX Crisis
The Nigerian naira has reached a record low against the US dollar, intensifying the nation’s foreign exchange crisis in both
Boosting Cement Affordability: Nigerian Manufacturers Unveil Plan
In response to the soaring cement prices in Nigeria, manufacturers have revealed a strategic initiative to reduce the cost to