Low production pushes up cement price by 35%

 The inability to meet market demand for cement coupled with low production volume by major cement companies in Nigeria have driven prices up by 35 per cent. An investigation by…

Banks borrow N1.7tn from CBN in three months

Deposit Money Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The CBN disclosed this in its third quarter economic report. Part of the…

Food prices rising, household incomes precarious – NBS

The prices of most food items increased in November this year, while the incomes for many households are still in precarious situations, the National Bureau of Statistics has said.  In…

CBN revokes 42 microfinance banks’ operating licences

The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country.  The Nigeria Deposit Insurance Corporation disclosed this on Friday in an announcement on…

ENUGU COMMENCES STATE WIDE CARNIVAL WITH PRAISE AND WORSHIP

Enugu State has begun a state wide Carnival to celebrate life and it’s gains in the state. The event started today, Sunday, December 20, 2020, with praise and worship sessions…

COVID-19: Lagos shuts Cubana nightclub

Security operatives have sealed off Cubana nightclub, Ikeja GRA, and other facilities over failure to adhere to COVID-19 guidelines. Both the Lagos State Safety Commission and Lagos State Police Command…

United Airlines to resume Boeing 737 MAX flights

United Airlines became the latest carrier to announce a timeframe to fly the Boeing 737 MAX again, saying Friday the jet would resume flights in February. The plane, which was…

Oil, power firms owe Nigerian banks N5.83tn – NBS

The debts owed by energy firms to Nigerian banks rose by N200bn to N5.85tn in the third quarter of this year, according to the National Bureau of Statistics. The N5.85tn…

FG comes under fire as 164 million phones risk disconnection

• Process will inconvenient subscribers, say operators Over 164 million phone lines may be disconnected by December 31, if their owners fail to integrate their National Identity Numbers to Subscriber…

Reopening of four borders: LCCI, experts raise smuggling alert as FG retains rice ban

• Other land borders to be reopened on or before December 31, says minister • Government failed, closure didn’t stop smuggling – Abuja chamber of commerce • Inconsistent government policies…