News
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AB InBev’s International Breweries has been a value destructor
Messrs. David Tomlinson, Carlos Coutino, and Cherian Kurien have their work cut out for them. Recently appointed as Finance Director,…
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Nigeria Breweries records N106 billion loss, CEO says consumers no longer able to afford Goldberg
The CEO of Nigerian Breweries, Hans Essaadi has lamented that Nigerian consumers of its Goldberg brand can no longer afford…
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Naira volatility continues as Intra-day high reaches N1,712 amid rising forex demand
The Naira experienced a sharp depreciation against the US dollar on February 19, 2024, reaching an intra-day high of N1,712.…
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NACCIMA Writes Finance Minister Wale Edun, Makes 12-Point Demands
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has written to the Finance Minister and Coordinating…
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Nigeria’s capital importation dips 26.4% to $3.9bn in 2023
Foreign capital inflow into Nigeria dipped by 26.4% to $3.9 billion in 2023, plunging to a 17-year low since 2007…
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Tax Credit Scheme: FIRS, NNPC To Terminate Non-performing Road Contracts
The Federal Inland Revenue Service (FIRS) says it has collaborated with the Nigerian National Petroleum Company (NNPC) Limited and the…
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Cement price, cost of building materials, others force developers to abandon projects nationwide
Estate developers are increasingly facing challenges in meeting their project delivery timelines due to surging exchange rates. This situation is…
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CBN forex policies failing to work as exchange rate approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official…
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Cadbury Intercompany Loan Conversion – Capital Rebalancing or FX Response?
Shareholders of Cadbury Nigeria Plc have approved the conversion of an outstanding intercompany loan totaling $7.718 million (₦7,036 billion) owed…
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EKITI STATE POLICE COMMAND ARRESTED KIDNAPPING SUSPECTS ON 16TH FEBRUARY, 2024
I welcome you all on behalf of the Officers and Men of Ekiti State Police Command to today’s press briefing…
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