Category: Business & Economy

The Minister of Works, Dave Umahi, says President Bola Tinubu has directed cement companies to revert to old prices following a price hike. Umahi stated this shortly after inspecting the BUA cement factory in Sokoto on Thursday. He said, “On the issue of pricing, I can authoritatively say that they… Continue reading

Despite the agreement reached with manufacturers that cement should be sold for N7,000, the product is still being sold for between N10,000 and N11,000 in the Idimu area of Lagos state. A retailer, simply identified as Alhaja, said the news that cement should sell for N7,000 is just a hoax…. Continue reading

Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday. He said, Yes it is true, we are currently selling above N2,000 for the pounds and… Continue reading

Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board. Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources. The memo quoted BUA chairman as… Continue reading

…seeks collaboration with local, foreign investors to boost  The Special Assistant to the President on Arts, Culture and Creative Industry, Ayomide Adeagbo, has  said the creative economy if well harnessed has the capacity to generate employment for thousands of youths in Nigeria. Adeagbo who stated  this  in an interview with… Continue reading

The World Bank has approved a $750 million facility for the Nigeria Distributed Access through Renewable Energy Scale-up (DARES) project. The bank said in a statement, in Abuja, this afternoon, that the project, to be financed by an International Development Association (IDA) funding, would leverage over $1 billion of private… Continue reading

The Executive Director, Enterprise Growth and Opportunities, (EGO Foundation) Mr Toluwase Olaniyan has hailed the present administration in the State for creating an enabling environment for market women. He stated this during a one day training programme organized in collaboration with the Oyo State Government Tagged: “She Enabled” held at… Continue reading

The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective April 2024. “Post No Debit” is a term used to describe a restriction imposed by banks on specific accounts, preventing customers from making withdrawals, transfers,… Continue reading

The Minister of Innovation, Science and Technology Chief Uche Geoffery Nnaji has said that Nigeria loses billions of Naira due to lack of certification of skilled Artisans in the country. Chief Nnaji said this when the Association of Computer Village Merchants led by her President, Prince Anthony Nwakeze paid him… Continue reading

The Coalition of Pro-democracy Group for a Better Nigeria has commended President Bola Tinubu for appointing Chief Pius Akinyelure as the new Chairman of Nigerian National Petroleum Company Limited (NNPCL). In a statement signed by it’s National Coordinator, Comrade Awa Bamiji and made available to Oodua News on Tuesday, the… Continue reading