The National Bureau of Statistics (NBS) on Tuesday solicited stakeholders’ support on the production of the National Strategy for the Development of Statistics (NSDS) 2024-2028 scheduled to soon commence nationwide. The NSDS 2024-2028, which is the Phase III of the exercise, is a comprehensive framework to guide the systematic and co-ordinated development of statistical activities […]
The Central Bank of Nigeria (CBN) on Monday clarified the ongoing rumour about its policy moves to redenominate the Naira, saying that there is no plan by it to redenominate or restructure the Naira notes in 2024. The apex bank, in a statement signed by its Director, Corporate Communications, Dr. Isa AbdulMumin, and shared on […]
Ogun State Governor, Prince Dapo Abiodun, on Monday said the introduction of Compressed Natural Gas (CNG) mass transit buses in the country will revolutionize the entire transport sector and reduce the hardship being experienced by Nigerians following the recent removal of fuel subsidy by the Federal Government. The governor made this remark during the unveiling […]
….As Other Food Items Cost More Consumers in the country bought 1kg of loose locally rice at an average price of by 60.59% higher in September this year at N757.06 compared to the N471.42 it sold at in the corresponding month of last year, The National Bureau of Statistics (NBS) in its ‘Selected Food Price […]
….As Other Food Items’ Prices Surge Consumers in the country bought 1kg of loose locally rice at an average price of by 60.59% higher in September this year at N757.06 compared to the N471.42 it sold at in the corresponding month of last year, The National Bureau of Statistics (NBS) in its ‘Selected Food Price […]
The Federal Executive Council (FEC) on Monday approved the submission of a supplementary budget of over N2.1 trillion to the National Assembly for the fiscal year 2023 amid rising public governance expenditure obligations. The FEC approved the N2.176 trillion for presentation to the Legislature during its weekly meeting presided over by President Bola Tinubu. The […]
Investment experts at Bancorp Securities Limited, one of Nigeria’s investment research and consulting services firms, have projected that given the current macroeconomic indices in the nation’s economic space, trading in the Nigerian Exchange this week holds prospect for good returns. The researchers, in the firm’s ‘Weekly Stock Recommendation for Oct 30th-3rd Nov 2023’ report specifically […]
The Head of Property & Casualty Reinsurance SID at Swiss Re, Victor Kuk, has highlighted the escalating crisis of natural catastrophes in Asia, with over 30% of the global nat cat events in 2022 occurring in the continent, causing staggering economic losses. The industry expert was quoted by Reinsurance News during an interview as expressing […]
The Federal Government is projecting to attract over $ 2 billion in investment into the Nigerian economy and create more than 250 employment opportunities for different professionals through the Presidential Compressed Natural Gas Initiative (P-CNGi). The Chief Executive Officer, P-CNGi, Engr. Micheal Oluwagbemi, disclosed this at the weekend during the official commissioning of CNG conversion […]
The Chief Executive Officer of the Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has described the increasing adoption of technology in the Nigerian and other African countries capital markets’ transactions as a catalytic move aimed at boosting the growth of the capital markets in the continent. Popoola, who made this remark during the West Africa […]