Category: ECONOMY

In a strategic move to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Ahmed Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET). The Presidential Economic Coordination Council (PECC) comprises distinguished leaders…

Naira and Dollar The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers would have their fingers burnt. The naira gain came a day after…

Naira and Dollar The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced the final settlements of all valid foreign exchange backlogs, fulfilling a key…

Again, Nigerian Breweries increases prices of beer Nigerian Breweries products. Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. The PUNCH earlier reported that the company issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday,…

Some housewives in the Federal Capital Territory (FCT) have decried the high cost of living in the territory and Nigeria in general. They told the News Agency of Nigeria (NAN) on Sunday that it was becoming almost impossible for them to feed and care for their families. They said there was a need for an…

Africa’s Global Bank, United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors. To this end, the bank is poised to collaborate with the Economic Community of West Africa States (ECOWAS) towards…

The prices of staple food have gone up amid worsening inflation, Peoples Gazette is reporting. It is reported that since President Bola Tinubu assumed office on May 29, 2023, his economic policies have made life more difficult for Nigerians. On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate climbed to 29.90% in…

Troops of the Nigerian Army have intercepted two Dangote trucks and three others allegedly transporting banned goods to the Republic of Cameroon, SaharaReporters can report. The trucks, loaded with 600 50kg bags of cement each, were on Friday paraded to journalists at the headquarters of the Nigerian police in Yola, the Adamawa state capital. The…