The National Bureau of Statistics (NBS) said on Wednesday that prices of beans, eggs, yam, and other food items rose significantly in August. The NBS stated this in its Selected …
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NGX: Seplat, Flour Mills, others push up capital market as investors gain N241bn
Investors in the Nigerian equities market gained N241 billion at the close of trading on Wednesday. This followed a surge in the share prices of stocks like Seplat, Flour Mills, …
Read More »Nigerians go cashless as electronic transactions hit N89tr in July 2024
In a development that showed the acceptance of the cashless policy drive of the government, the value of transactions on electronic channels surged to N89.5 trillion in July 2024. This …
Read More »Domestic air fare surges to N123,700 in one month, says NBS
The average domestic air fare surged by 25.5 percent month-on-month (MoM) to N123,700 in August 2024. This is up from the N98,561 recorded in July 2024. This was announced by …
Read More »Irony! Money supply increases from N66tr to N107trn, yet hardship persists
Amidst biting economic hardship across the country, Nigeria’s broad Money Supply (M2) increased by 62 percent year-on-year, YoY, to N107.2 trillion in August 2024, from N66.19 trillion in the corresponding …
Read More »PENGASSAN urges Nigerian govt to increase stake in Dangote refinery to 45%
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has tasked the Federal Government to ensure the increase of the stake of the Nigerian National Petroleum Company Limited …
Read More »BUA expands to boost food security
BUA Foods Plc has announced a planned expansion of its pasta production facility after signing an agreement with FAVA (Italy), one of the world’s leading pasta equipment manufacturing companies. …
Read More »Compassion Connectors unveil skills programme for inmates
Compassion Connectors Nigeria has launched an initiative to train prison inmates in compassion and employable skills to improve their post-release opportunities. The launch, which took place on Monday at …
Read More »NGX: Equities market sustains bullish trend as investors make N104bn
Investors in the Nigerian equities market gained N104 billion at the close of trading on Tuesday. This followed a surge in the share prices of stocks like NIDF (Nigeria Infrastructure …
Read More »CPPE warns CBN’s ‘tightening’ policy will hurt Nigeria’s economy
The Centre for The Promotion of Private Enterprise [CPPE] has warned that the decisions taken by the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) would hurt the economy. …
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