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  • Business - Companies
  • Updated: February 25, 2024

Business news roundup from February 17 - February 24, 2024

Business news roundup from February 17 - February 24, 2024

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

Lamentations as cement price rises to N9,000 per bag in Abuja

A 50-kilogram bag of cement in the Federal Capital Territory is now sold for N9,000

This was made known by distributors of cement in Abuja, who disclosed this while speaking with Allnews.ng. Read more here.

Naira hits N2,040/£ at parallel market

The parallel market exchange rate has experienced a significant decline, plummeting to a record low of N2040 per Great Britain Pound (GBP).

This marks a notable decrease of 5.39% or N110 compared to the N1,930 rate recorded the previous day. Read more here.

NCS unveils tactics to tackle illegal food exports

he Nigeria Customs Service (NCS) has disclosed a strategic anti-smuggling operation to counter the illicit exportation of critical food resources for individual financial gain. 

The move is in response to the current challenges of food security in Nigeria and the increasingly high costs of essential food items. Read more here.

Dollar will crash against naira soon — Governor Abiodun

Dapo Abiodun, Governor of Ogun StateThe governor of Ogun State, Dapo Abiodun, has stated that the value of the dollar to naira will crash in less than a month.

Abiodun said this during a stakeholder meeting at the Cultural Center in Kuto, Abeokuta, in response to the nation’s increasing economic difficulties. Read more here

BDC: CBN instructs sellers above $10,000 to declare sources

The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources.

This was made known by Haruna Mustapha, Director, Financial Policy and Regulation Department of the CBN in a revised regulatory framework, noting that it is to curtail excesses of BDCs and check uncertainty in the foreign exchange market.Read  more here

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.

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