….. as Kogi State recorded the highest food inflation of 22.79% The National Bureau of Statistics (NBS) reported on Wednesday that Nigeria’s consumer price index (CPI), which measures the rate of inflation, surged to 17.71 percent year-on-year (Y-o-Y) in May from the 16.82 percent recorded in the preceding month, representing the highest level in 11 […]
The Nigerian Export Promotion Council (NEPC) has advised exporters in the country, particularly those in Imo State, to take advantage of its export incentive schemes to grow their businesses. The council’s Executive Director, Dr. Ezra Yakusak, gave the advice on Wednesday in his address during the sensitisation forum on export incentives organized by the council […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MoU) with Credit Agricole Du Maroc (CAM) a Moroccan lender, to support sustainable agriculture in the two countries. The Head, Corporate Communications, NIRSAL Plc, Mrs. Anne Ihugba, who gave this hint in a statement issued at the weekend, stated […]
The African Development Bank (AfDB) has reported that Africa’s economic recovery remains uneven and fragile, even as the easing of Covid-19 restrictions has put many regions of the continent back on a growth trajectory. The development finance institution made this observation in its ‘Annual Development Effectiveness Review’, which analyses the Bank’s role in Africa’s development […]
The National Bureau of Statistics (NBS) on Thursday reported that consumers paid more for bread, rice, yam and other selected food items year-on-year in April this year. The Bureau, in its ‘Selected Food Price Watch Report for April, 2022’ reported that the average price of 1kg of beans (white, black eye, sold loose) rose on […]
The Nigeria Sovereign Investment Authority (NSIA) has hinted that Nigeria would take delivery of potash fertilizer from Russia and Canada next week for distribution as part of Federal Government’s support to famers for the ongoing rainy season farming. NSIA’s Managing Director, Mr.Uche Orji, who made this disclosure on Thursday during a media briefing on the […]
Despite uncertainties in the global investment space and sundry fiscal constraints in the domestic environment, the Nigerian Sovereign Investment Authority (NSIA) has reported N153.56bn profit in the 2021 financial year. Despite the increasingly volatile global investment climate, the NSIA which was set up by the Federal Government in 2012 to manage Nigeria’s Sovereign Wealth Fund, […]
The National Bureau of Statistics (NBS) reported on Monday that Nigeria’s economy grew by 3.11%, year on year (YoY), in the first quarter of this year, from 0.51% as recorded in the corresponding quarter of last year. The Bureau noted in its Nigerian Gross Domestic Product Report (Q1 2022) that the Q1 growth represented the […]
The African Development Bank Group’s (AfDB) Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. Apparently aimed at mitigating the impacts of the disruption of food supplies arising from the Russia-Ukraine war in Africa, the $1.5 billion African Emergency Food Production Facility, which is a […]
The Federal Government has indicated that winners of the 2022 National MSME Awards would cart home cars and cash prizes for their outstanding and innovative initiatives during the year. The Special Adviser to the President on MSMEs, Mr. Tola Adekunle-Johnson, who gave this hint during a chat with journalists in Abuja, disclosed that the rewards […]