Manufacturers peg price of bag of cement at N8,000 with conditions

The Federal Government and major cement manufacturers have pegged the price of 50kg bag of cement at between N7,000 and N8,000 depending on the location nationwide. Sen. David Umahi made this known to newsmen after a protracted meeting with major cement manufacturers in the country on Monday in Abuja. The Cement Manufacturers came to an […]

CBN disburses $61m to foreign airlines to settle mature foreign exchange backlog

The Central Bank of Nigeria (CBN), says it has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali in Abuja on Sunday, the disbursement is in fulfilment of CBN’s commitment to eliminate the backlog of pending matured […]