Market
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Naira crashes to N1,700 against dollar in black market
The naira depreciated against the dollar at the foreign exchange market to end the week on a negative note. FMDQ data showed that the naira weakened to N1641.27 per dollar on Friday…
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As Naira Gains, Builders, Estate Developers Reveal Update On Cost of Construction
By Miracle Ogunde As the Nigeria currency, naira continues to gain stronger against the United States Dollar both at official and parallel market, Nigerians expect that the prices of foodstuffs and other…
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Lagos launches ‘Ounje Eko’, discounted prices for residents (See Full List)
Lagos Governor, Babajide Sanwo-Olu, has inaugurated ‘Ounje Eko’ food markets to offer discounted prices of items to residents. He directed that the food markets should start operations from Sunday, March 17 across…
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NANS Calls for suspension of NLC, TUC proposed strike
The National Association of Nigerian Students, NANS, has appealed to the Nigeria Labour Congress(NLC) and the Trade Union Congress(TUC) to suspend their proposed strike in the interest of the nation.…
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Tinubu Should have Waited Six Months Before Removing Petrol Subsidy– Prof Sagay
A Senior Advocate of Nigeria, Prof Itse Sagay, says President Bola Tinubu should have waited six months after his inauguration before removing subsidy on Premium Motor Spirit (PMS) also known as petrol.…
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CBN stops granting loans to Federal Government
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank will halt its Ways and Means loans to the Federal Government. Cardoso made…
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BUA unveils plans to crash cement price from N5,000 to N3,500 per bag
There are assurances of a significant reduction in the price of cement in the coming weeks. This is as the chairman of BUA Group, Abdul-Samad Rabiu, has said that the company is…
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Nigerians Drag Dangote Over Reported Differences of Cement Price Across African Countries
Aliko Dangote, Africa’s richest man, is facing mounting criticism from Nigerians questioning the fairness of his business empire. With a total of 15,200 tweets at the time of this report, Nairametrics reports…
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Five Reasons Naira is Depreciating
The question in the minds of Nigerians today is why is the Naira depreciating or why is the exchange rate of the dollar rising rapidly? This is a valid question given…
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SHOCKING: Trader finds human penis in food bought from vendor in Lagos
Tension gripped traders at the popular Alaba International Market, Ojo, Lagos, last week Friday, when one of the traders found a human-like penis inside a food she bought from a vendor in…
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Petrol sells for N700 per litre in Nigeria
There was massive anger in Anambra State on Tuesday as commuters and motorists were hit by the sudden hike in the pump price of Premium Motor Spirit otherwise known as petrol from…
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BREAKING: Marketers adjust pumps to N650 in Ondo as NNPCL announces new price per litre
The pump price of Premium Motor Spirit, popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday.…