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Bakers Set To Raise Prices Of Bread Again, Say Cost Of Production Increasing

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Bakers, under the aegis of the Premium BreadMakers Association of Nigeria, have warned of yet another hike in prices of bread due to the skyrocketing cost of baking materials. President of the association, Emmanuel Onuorah, disclosed this to The PUNC...

FG To Generate N160bn From Call, Data taxes

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Multiple Taxes Will Not Allow Economy To Grow – NCC

The Federal Government will generate about N160.46bn from excise duty on telecommunication services in 2023. According to the Nigerian Communications Commission, the combined revenue of operators in the GSM, Fixed Wired, and Internet Service Provider...

It’s Illegal To Disconnect Electricity User Without Notice Of 10 Working Days — FCCPC

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Federal Competition and Consumer Protection Commission, FCCPC, has said no electricity distribution company (Disco) has the right to disconnect a customer without first serving a notice for at least 10 working days from the date of delivery of their ...

Travellers Stranded As Dollar Shortage Hits Banks – Report

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Ahead May 29 Inauguration, Naira Falls To 760/$

Nigerians are finding it increasingly difficult to access the United States dollar at the Central Bank of Nigeria’s official rate for eligible transactions. Worse affected are those travelling abroad who are experiencing delays in accessing Busines...

Hold Marketers Responsible For Increase In Fuel Price — FG

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The Federal Government on Monday insisted that it had not raised the pump price of Premium Motor Spirit, popularly called petrol, above the regulated cost of N165/litre. It said the hike in the cost of the commodity, currently between N175/litre and ...

Video Of Buhari Complaining When Naira Was N200 To Dollar Emerges | WATCH

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Video has surfaced where President Muhammadu Buhari was complaining about ineffectiveness of the then PDP government to manage the economy. He was raising concern about the value of Naira which was then at about N200 to a dollar. https://twitter.com/...

Naira Value Drop: EFCC Storms Abuja Bureau De Change Hub

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Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, A source said the raid was a covert operation to dislodge currency specu...

We’re Working Hard To Ensure Free Fall Of Naira Stops, Emefiele Vows

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With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in...

Africa Must Cut Reliance On Food Imports, Says Nigerian Billionaire Abdul Samad Rabiu

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Food prices have been rising around the world, driven first by the Covid pandemic and poor harvests, and made worse by the conflict in Ukraine, which has hit exports of both wheat and fertilizer. Even with a new deal that would allow grain expor...

Abia Government To Partner Aba Chamber Of Commerce On International Trade Fair

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Abia Government To Partner Aba Chamber Of Commerce On International Trade Fair

Abia state Governor, Okezie Ikpeazu has assured that his administration will partner the Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA) to ensure that the planned Aba International Trade Fair before the end of the year records over...

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