By Joshua Elekwachi,Abuja. An economist, Miss Faith Anya has said that the current hike in prices of goods and commodities can only stop when devaluation of Naira stops. The inflation rate in Nigeria jumped in December to its highest level…
Akinwumi Adesina and 10 African Heads of State and Government were on Friday honoured for their leadership in the African Continental Free Trade Area (AfCFTA) process. The AfCFTA, the largest free trade area in the world, began trading on 1…
As part of its commitment to ensuring access to affordable broadband connectivity in Africa’s underserved populations, Tizeti, West Africa’s pioneer solar-based internet service provider is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged…
By Kayode Tokede Flour Mills of Nigeria Plc latest audited report and accounts for the financial year ended March 31, 2020 recorded significant increase in revenue and investment income that impacted positively on the company’s profitability. The company’s reported 8.8…
The Dangote Group has completed Nigeria’s longest rigid pavement located in Kogi State. It is the first of its kind, top engineers say. The 43KM Obajana-Kabba road constructed by Dangote Industries Limited (DIL), has been described by motorists as the country’s…
The National Bureau of Statistics (NBS) has said the average price for refilling five kilogrammes cylinder of cooking gas increased to N1,949.75 in December 2020 from N1,947.47 in November. The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas)…
The Nigeria Commodity Exchange (NCX), has been positioned to facilitate efficient export of commodities as the African Continental Free Trade Agreement (AfCFTA) takes off. Its Managing Director, Mrs. Zaheera Baba-Ari, made the declaration on Sunday in Abuja. She noted that…
Analysts have said Nigeria’s benchmark Monetary Policy Rate (MPR) has been predicted to rise by 200 basis points to 13.5 per cent in 2021, up from the 11.5 per cent it is presently. Bloomberg Economics made the prediction in the…
The Lagos Chamber of Commerce and Industry (LCCI) has listed recommendations aimed at boosting the nation’s security architecture to engender investors’ confidence and ensure a more secure operating environment. LCCI Director-General, Dr Muda Yusuf gave the recommendations in an interview …
The new year 2021 arrived with renewed hopes for the continued development of the Nigerian financial markets as corporates have already commenced with planning towards the achievement of their strategic goals and objectives. The Nigerian Commercial Paper (CP) market, even…
