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Business & Economy

242 posts in this category.

Independence Day Address: Very Little To Cheer- Neca

The Nigeria Employers’ Consultative Association, NECA, urged the Federal Government to be more definitive in its pronouncements and expedite action on all announced palliatives, saying there is little to cheer in President Tinubu’s speech. Reacting to the speech in Lagos, the Director-General of NECA, Adewale-Smatt Oyerinde, said “While we commend the President’s commitment to fix…

Just In: Bua Crashes Cement Price To N3,500 Per Bag

BUA Cement Plc, a prominent cement manufacturer in Nigeria, has declared a reduction in the price of its cement to N3,500 per bag, starting from Monday, October 2. The management conveyed this information in a statement released on Sunday, October 1, emphasizing that the price reduction reflects the company’s commitment to stimulating growth in the…

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Abiodun Assures Of Stable Power Supply To Boost Manufacturing

Small and Medium Scale Enterprises (SMEs) and manufacturing companies in Ogun State can look forward to a brighter future as the state government has expressed its dedication to constructing power infrastructure that will ensure a stable electricity supply throughout the region. Governor Dapo Abiodun made this commitment while serving as the special guest of honor…

Dangote Jettisons Petrol Refining Over The Return Of Subsidies

With PMS(Petrol) consumption at 99%, FX challenges may continue Dangote Refinery and other modular refineries in Nigeria are changing their production focus away from premium motor spirit (PMS) due to the reintroduction of fuel subsidies in President Bola Tinubu’s administration, The Guardian has reported. Dangote Refinery, a major player in the industry, is gearing up…

Ogun Begins Construction Of Gateway Aviation Village In Iperu

The Ogun State Government has started building 200 homes estate to be known as Gateway Aviation Village in Iperu, Ikenne Local Government, for people with low to medium incomes. These houses will be two-bedroom expandable bungalows. The news of the Gateway Aviation Village was shared by Jagunmolu Omoniyi, the Special Adviser on Housing, through the…

12.5kg Cooking Gas Price May Hit N18,000 In December

Gas retailers have issued a warning that the cost of a 12.5kg cooking gas cylinder could potentially reach N18,000 by December if the Federal Government doesn’t intervene to curb the activities of terminal owners. Olatunbosun Oladapo, the President of the Nigerian Association of Liquefied Petroleum Gas Marketers, expressed his concerns to reporters on Sunday. He…