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Business

Cement Prices Drop Across Nigeria (See Why)

<div><img width="300" height="209" src="https://www.naijanews.com/wp-content/uploads/2023/12/BUA-300x209.webp" class="attachment-medium size-medium wp-post-image" alt="We Will Maintain N3500 Cement Price Starting January, Says BUA" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2023/12/BUA-300x209.webp 300w, https://www.naijanews.com/wp-content/uploads/2023/12/BUA.webp 766w" sizes="(max-width: 300px) 100vw, 300px" /></div> <p>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 […]</p> <p>The post <a href="https://www.naijanews.com/2024/04/22/cement-prices-drop-across-nigeria-see-why/">Cement Prices Drop Across Nigeria (See Why)</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>

mingooland · · 4 min read
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Business

Dangote Refinery To Potentially Reduce West Africa’s Petrol Imports By 290,000 bpd, Says S&P Global

<p>Analysts have said that the Dangote refinery has to potential to alleviate Nigeria’s cost of living crisis.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/dangote-refinery-to-potentially-reduce-west-africas-petrol-imports-by-290000-bpd-says-sp-global/">Dangote Refinery To Potentially Reduce West Africa’s Petrol Imports By 290,000 bpd, Says S&P Global</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 5 min read
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Business

NNPC, First E&P Kickstart Oil Production At OML 85, Expect 7.3m Barrels Annually

<p>NNPC CEO Kyari says the commencement of oil drilling at Madu Field is a significant milestone for Nigeria.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/nnpc-first-ep-kickstart-oil-production-at-oml-85-expects-7-3m-barrels-annually/">NNPC, First E&P Kickstart Oil Production At OML 85, Expect 7.3m Barrels Annually</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 3 min read
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Business

Tinubu Lauds Dangote Group For Reducing Diesel Price By 60%

<p>Lauding Dangote, President Tinubu affirmed that Nigerians and domestic businesses are the nation's surest transport to economic prosperity.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/tinubu-lauds-dangote-group-for-reducing-diesel-price-by-60/">Tinubu Lauds Dangote Group For Reducing Diesel Price By 60%</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 2 min read
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Business

NDIC Supports CBN’s Bank Recapitalisation Move, Pledges Collaboration for Economic Resilience

<p>NDIC has endorsed CBN's regulatory measures, promising to protect depositors' interests and to ensure seamless transition.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/ndic-supports-cbns-bank-recapitalisation-move-pledges-collaboration-for-economic-resilience/">NDIC Supports CBN’s Bank Recapitalisation Move, Pledges Collaboration for Economic Resilience</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 3 min read
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Business

IMF Board Selects Kristalina Georgieva for Second Term as Managing Director

<p>Grateful for reappointment, Georgieva vows to lead IMF through global challenges and to focus on policy advice and capacity development.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/imf-board-selects-kristalina-georgieva-for-second-term-as-managing-director/">IMF Board Selects Kristalina Georgieva for Second Term as Managing Director</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 4 min read
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Business

Price Of Bag Of Rice, Beans, Other Food Commodities This Week

<div><img width="300" height="171" src="https://www.naijanews.com/wp-content/uploads/2024/03/Food-Inflation-in-Nigeria-1-300x171.png" class="attachment-medium size-medium wp-post-image" alt="" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/03/Food-Inflation-in-Nigeria-1-300x171.png 300w, https://www.naijanews.com/wp-content/uploads/2024/03/Food-Inflation-in-Nigeria-1.png 700w" sizes="(max-width: 300px) 100vw, 300px" /></div> <p>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 […]</p> <p>The post <a href="https://www.naijanews.com/2024/04/12/price-of-bag-of-rice-beans-other-food-commodities-this-week-4/">Price Of Bag Of Rice, Beans, Other Food Commodities This Week</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>

mingooland · · 2 min read
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Business

OPEC Forecasts Robust Fuel Use Amid Global Economic Growth Prospects 

<p>OPEC and its allies, known as OPEC+, last week agreed to keep oil output cuts in place until end of June.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/opec-forecasts-robust-fuel-use-amid-global-economic-growth-prospects/"><strong>OPEC Forecasts Robust Fuel Use Amid Global Economic Growth Prospects </strong></a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 2 min read
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Business

CBN Prohibits Use Of Foreign Currency Collaterals For Naira Loans

<p>Nigerian banks have been given 90 days to wind down dollar-denominated collaterals following CBN's prohibition for Naira loans.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/cbn-prohibits-use-of-foreign-currency-collaterals-for-naira-loans/">CBN Prohibits Use Of Foreign Currency Collaterals For Naira Loans</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 2 min read
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Business

Solid Minerals Minister Dele Alake Pledges Federal Support For Local Content In Mining Operations

<p>Dele Alake has advised mining companies to emulate the international best practices of Segilola gold project to develop the sector.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/solid-minerals-minister-dele-alake-pledges-federal-support-for-local-content-in-mining-operations/">Solid Minerals Minister Dele Alake Pledges Federal Support For Local Content In Mining Operations</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 3 min read
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