Business - Kennis 104.1 Fm

JUST IN: Again, Dangote slashes diesel, aviation fuel prices to N940, N980

Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively. This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.…

Business Business, Finance & Economics News 23 — 04

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No-Nigerian shopper: Chinese operator risks sanctions as FG shuts Abuja supermarket

The Federal Competition and Consumer Protection Commission has sealed an Abuja-based Chinese supermarket for barring Nigerians and restricting entry to Chinese nationals. The commission, which on Monday summoned the owner of the supermarket along Airport Road, to appear before it on Wednesday, said…

Business Business, Finance & Economics News 17 — 04

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FG Vows Clampdown On Traders Inflating Commodity Prices

The Federal Government has vowed to take stringent regulatory measures against traders “unfairly inflating prices” of goods and commodities. The government, through its agency, the Federal Competition and Consumer Protection Commission (FCCPC), expressed worry that despite the recent appreciation of the Naira against…

Business Business, Finance & Economics 15 — 04

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BREAKING: Nigeria’s Inflation Rate Hits 33.20% As Naira Rebounds

Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Monday. “Looking at the movement, the March…

Business Business, Finance & Economics 8 — 04

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UPDATED: Again, CBN sells $10,000 to BDCs at N1,101/$

The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at…

Business Business, Finance & Economics 2 — 04

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Air Peace’s Lagos-London Flights’ll Force Foreign Airlines To Slash Airfares — Expert

A travel and tourism expert, Bankole Bernard, says with the commencement of the Lagos-London direct flight by local carrier Air Peace, foreign airlines hitherto enjoying exclusivity on the route are forced to slash airfares. Bernard, who was a guest on Channels Television’s The Morning…

Business Business, Finance & Economics 2 — 04

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Naira recovery now tackle inflation — BDCs

The Association of Bureaux de Change Operators of Nigeria has said that the recovery of the naira has led to a relative decrease in the prices of goods and services in the country. The president of the association, Aminu Gwadebe, said this in…

Business Business, Finance & Economics 1 — 04

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Naira closes 1,309/$ as banks sell $2.5bn

In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to N1,309 against the United States dollar. Official figures obtained from the FMDQ Securities…

Business Business, Finance & Economics 26 — 03

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Binance: Collaboration With SEC, EFCC, NSA Positive, Says CBN Gov

The Central Bank of Nigeria (CBN) says it is the role of the Securities and Exchange Commission (SEC) to regulate cryptocurrency transactions in the country, and not the responsibility of the apex bank. CBN Governor Olayemi Cardoso stated this during the apex bank’s…

Business Business, Finance & Economics 26 — 03

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BREAKING: CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting…

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