Nigeria’s three cement manufacturers recorded profit of N710.03 billion in 2023 as significant upsurge in sales and considerably higher prices lessened pressures on operations. A sectoral intelligence report by The Nation yesterday showed that...

Minister of Works, Senator David Umahi, revealed that President Bola Tinubu has issued a directive for cement companies in the nation to return to their previous pricing. Speaking to journalists in Sokoto on Thursday,...

The National Bureau of Statistics (NBS), in its latest report released on Wednesday, February 28, said the average price of 5kg of cooking gas increased from N4,962.87 recorded in December 2023 to N5,139.25 in...

The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange to eligible Bureau De Change operators (BDCs) to meet the demand for invisible transactions. The sum of $20,000 is to be...

The Federal Government is expecting 1,268 megawatts of power from the concession and development of eight brown and green field hydropower projects constructed through public private partnerships. It was gathered that three of the...

Despite the agreement reached with manufacturers that cement should be sold for N7,000, the product is still being sold for between N10,000 and N11,000 in the Idimu area of Lagos state. A retailer, simply...

Federal Government is to stop the exportation of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to increase its volume domestically so as to warrant a crash in price. It stated on...

In a significant development, cement manufacturers have unanimously agreed to slash the price of the product to a range between N7,000 and N8,000 per 50kg, varying by location nationwide. This groundbreaking decision transpired during...