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PZ Cussons has announced it’s intention to exit Africa’s business environment. Speaking on Wednesday, April, 24, the company said it has begun a strategic review of its African businesses to exit Africa, partly due to economic challenges in Nigeria. PZ Cussons explained that its sales in Nigeria plunged by 48% due to the naira devaluation […]
The post Another Multinational Giant Set To Leave Nigeria, Africa After 140 Years, Blames Naira Devaluation appeared first on Naija News.
Petroleum marketers have said that the monetary policy tightening has made it difficult for them to get huge loans to lift petroleum products
The post CBN’s New CRR Policy Hinders Petroleum Marketers’ Financing For Dangote Refinery Products appeared first on Arise News.
Cement prices across Nigeria have decreased dramatically, from a high of N10,000-N15,000 per 50kg bag to a more affordable range of N7,000-N8,000. This change comes after intense volatility in the building materials sector peaked earlier this year. In February, the construction industry faced major disruptions as cement prices soared, causing numerous real estate developers to […]
The post Cement Prices Drop Across Nigeria (See Why) appeared first on Naija News.
Analysts have said that the Dangote refinery has to potential to alleviate Nigeria’s cost of living crisis.
The post Dangote Refinery To Potentially Reduce West Africa’s Petrol Imports By 290,000 bpd, Says S&P Global appeared first on Arise News.
NNPC CEO Kyari says the commencement of oil drilling at Madu Field is a significant milestone for Nigeria.
The post NNPC, First E&P Kickstart Oil Production At OML 85, Expect 7.3m Barrels Annually appeared first on Arise News.
Lauding Dangote, President Tinubu affirmed that Nigerians and domestic businesses are the nation’s surest transport to economic prosperity.
The post Tinubu Lauds Dangote Group For Reducing Diesel Price By 60% appeared first on Arise News.
NDIC has endorsed CBN’s regulatory measures, promising to protect depositors’ interests and to ensure seamless transition.
The post NDIC Supports CBN’s Bank Recapitalisation Move, Pledges Collaboration for Economic Resilience appeared first on Arise News.
Grateful for reappointment, Georgieva vows to lead IMF through global challenges and to focus on policy advice and capacity development.
The post IMF Board Selects Kristalina Georgieva for Second Term as Managing Director appeared first on Arise News.
As economic hardships continue to grip the nation, Nigerians are keenly awaiting potential policy changes from President Bola Tinubu’s administration that could lead to significant reductions in food commodity prices. The recent surge in food prices has pushed many citizens to the brink, with incidents of individuals raiding warehouses and trucks to secure essential foodstuffs […]
The post Price Of Bag Of Rice, Beans, Other Food Commodities This Week appeared first on Naija News.
OPEC and its allies, known as OPEC+, last week agreed to keep oil output cuts in place until end of June.
The post <strong>OPEC Forecasts Robust Fuel Use Amid Global Economic Growth Prospects </strong> appeared first on Arise News.