….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 […]
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 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 […]
The Nigerian Communications Commission (NCC) has awarded N30 million prize to three startups at the grand finale of its three-day 2023 Talent Hunt Research through the Hackathon to enhance their research capabilities. The commission’s Executive Commissioner of Technical Services, Ubale Maska, who was represented by NCC’s Director of Research and Development, Ismail Adedigba, said the […]
Economists at the Centre for the Study of Economies of Africa (CSEA), a leading Afro-focused economic research consulting firm, have canvassed the need for the fiscal, monetary and economic planning authorities in Nigeria to synergize their policies as a strategic option of achieving a stable exchange rate for the Naira in the foreign exchange (FX) […]
The African Development Bank (AfDB), alongside the Islamic Development Bank (IDB) and the International Fund for Agricultural Development on Thursday disclosed that they had approved an additional $1 billion to support special agro-industrial processing zones in 24 states of Nigeria. A statement issued by the Senior Special Assistant to the AfDB President, Media and Communications […]
The Accountant General of the Federation (AGF), Mrs Oluwatoyin Madein, has declared that the Federal Government will no longer pay for yet-to-be-awarded projects. Madein, who made this declaration on Thursday during the opening of a one-day capacity-building programme tagged: “Implementation of the Cash Plan Policy in Nigeria: Prospects and Challenges” in Abuja, also stressed that […]
The Nigeria Deposit Insurance Corporation (NDIC) has commended the Judiciary on its better understanding of the deposit insurance practice in the current drive towards promoting stability in the nation’s financial system. The corporation’s Managing Director/Chief Executive, Mr. Bello Hassan, gave the commendation in his welcome address at the 2023 Sensitization Seminar, organized by the corporation […]
The Delta State Executive Council has proposed a budget of N714.4 billion for the 2024 fiscal year. The state’s Commissioner of Economic Planning, Mr. Sunny Edekeyan, who made this disclosure after the executive council meeting in Asaba, the state capital, said that in the draft Appropriation Bill soon to be laid before the state’s House […]