The National Bureau of Statistics (NBS) reported on Friday that the National average Cost of a Healthy Diet (CoHD) was N858 in January 2024. The Bureau, in its ‘Cost of Healthy Diet January 2024’ report published on Friday, March 8, indicated that the report’s findings showed that the average CoHD was highest in the South […]
In 2023, Nigeria’s total foreign trade increased to N71.88 trillion from N52.38 trillion recorded in 2022, representing an increase of 37.2% year-on-year (Y-o-Y) These figures were contained in the Foreign Trade in Goods Statistics (Q4 2023) report published by the National Bureau of Statistics (NBS) on Friday, March 8, on its website. The statistics agency […]
As anxieties continue to mount over the planned implementation of the Stephen Oronsaye report by the Federal Government, the Association of Senior Civil Servants of Nigeria (ASCSN), has warned that job losses associated with the implementation of the report could further escalate industrial action by the organized labour in the country.. The National President of […]
The Nigerian Communications Commission, (NCC) has reiterated its commitment to promoting local content development across the value chains of the nation’s telecommunications industry with the attendant positive implications of increasing the sector’s contributions to the nation’s Gross Domestic Product growth rate in the years ahead. The telecom industry regulatory commission’s Executive Vice Chairman, Dr. Aminu […]
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N5,139.25 in January this year, representing 12.00% increase from N4,588.75 it sold at in the corresponding month of last year, the National Bureau of Statistics (NBS) has reported. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price […]
….Says $26Bn Transactions Through Binance Nigeria Difficult To Trace The Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, on Tuesday disclosed that the apex bank spent over N10 trillion in interventions to different sectors of the economy over the past six years without significant results to show for such humongous expenditure. He […]
…..Analysts Flaw Apex Bank’s Sustained Hawkish Policy Stance The Central Bank of Nigeria (CBN) on Tuesday raised the monetary policy rate (MPR), the benchmark lending rate, by 400 basis points to a record 22.75%, from 18.75% at its last meeting, among other decisions taken at the end of its Monetary Policy Committee’s (MPC’s) two-day meeting […]
Ogun State Deputy Governor, Engr. (Mrs.) Noimot Salako-Oyedele, has stressed the need for the Federal Government and sub-national governments to adopt proper modalities for the demarcation of boundary lines nationwide to avoid conflicts among the people. She also harped on the need to address other socio-economic issues, including trans-border trade, cross-border integration, and adequate security […]
….As Rice Price Surges By 98.47% As Nigeria’s surging inflation rate which rose to an all-time record high of 29.90% in January this year continued to take huge toll on consumers’ real incomes, Nigerians paid higher for all categories of food items in the month under review as the average price of 1kg Rice local […]
The Nigerian Communications Commission (NCC) has reported that 5G subscriptions in the country increased to 2.3 million in December 2023. The latest data from the telecoms industry regulator on the cadres of network deployment by the mobile network operators (MNOs) showed that despite the gradual migration of their networks to global best standards, the 5G […]