The National Bureau of Statistics (NBS) has launched a new ‘Cost of a Healthy Diet’ (CoHD) indicator for the fourth quarter of 2023 in furtherance of its statutory mandate of providing evidence-based and timely statistical data for Nigeria’s sustainable development. The CoHD indicator was produced by the statistics agency in collaboration with one of the […]
The African Development Bank Group (AfDB) and the Consortium of International Agricultural Research Centres (CGIAR) committed last Thursday to strengthen their collaboration to increase food production and provide better nutrition for Africa’s growing population. A news report from African Press Organisation (APO) Group circulated on behalf of the bank on the collaboration indicated that with […]
The latest publication by the National Bureau of Statistics (NBS) titled ‘Food Prices Selected Food Prices Watch (December 2023’ reflected that consumers paid more for major food items in December 2023. The report, which was published on Wednesday by the national statistical system coordinating agency, showed that the average price of 1kg Rice local sold […]
Nigeria’s consumer price index (CPI), which measures the general price level in the economy, rose to 28.92% in December from 28.20% recorded in the previous month and represented 0.72 percentage points month-on-month increase, the National Bureau of Statistics (NBS) reported on Monday. The rise in December inflation rate marked the eleventh consecutive month had been […]
President Bola Tinubu on Monday signed the 2024 Appropriation Bill into law in keeping with his commitment to maintaining a timeous, predictable, and efficient budget cycle for the country. The top priorities of the 2024 budget of N28.7 trillion include defence and internal security, job creation, macro-economic stability, improved investment environment, human capital development, poverty […]
Researchers at Comercio Partners, a leading trading, investment and advisory services providers have projected that Nigeria’s inflation would sustain the current surging trend in the months ahead, despite ongoing policy measures by the Central Bank of Nigeria (CBN) and the fiscal authorities to moderate the general price level in the economy. The experts, in the […]
…..As Agency Signs MoU for Coal-based Fertilizers Plants The National Agency for Science and Engineering Infrastructure (NASENI) has signed an agreement worth $21.7 million with eleven firms in Nigeria as beneficiaries for take-off of the Delta-2 Projects, being one of the outcomes of the bilateral collaboration between the Federal Government of Nigeria and the […]
As projected by many analysts and economic experts, Nigeria’s headline inflation rose to 28.20% in November this year, representing 0.87 % increase over the 27.33% recorded in the preceding month. The National Bureau of Statistics (NBS) on Friday in its ‘CPI and Inflation November 2023’ report published on its website indicated that on a month-on-month […]
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has again warned that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods […]
The United Nations Industrial Development Organization (UNIDO) has expressed its interest to partner the National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty through the domestication of renewable energy solutions and to fast-track industrial development in Nigeria. The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile, who led a delegation on a […]