Annual inflation in Nigeria stood at 14.33 per cent in February, slowing for the 13th month in a row. It is driven by a decline in the pace of food price increases, the statistics office said on Wednesday. The food price index showed inflation at 17.59 per cent in February, compared with 18.92
BUSINESS
The Ogun government says it plans to increase its monthly Internally Generated Revenue (IGR) from seven billion naira to N10 billion. Gov. Ibikunle Amosun stated this in Abeokuta on Tuesday at a press conference held ahead of the fourth edition of its annual Investment Forum scheduled to hold between March 20 and March 21. Amosun […]
The Federal Government has so far screened 240 projects for the Economic Recovery and Growth Plan (ERGP) focus laboratories, Sen. Udoma Udo Udoma, the Minister of Budget and National Planning said today. Udoma disclosed this at the inauguration of the focus labs by President Muhammadu Buhari. The minister said the government was targeting to mobilise […]
The Federal Government has offered for subscription by auction N70 billion worth of bonds in its March 21 auction, says the Debt Management Office (DMO). The offer circular obtained from its website on Tuesday in Abuja, said that it would sell N10 billion of a five year re-opening bond maturing in July 2021 at 14.50 […]
The Vice-President of Olam, Reji George, says Olam Nigeria Limited has invested about 1 billion U.S. dollars (about N360 billion) to boost Nigeria’s agricultural sector. George made this known on Tuesday in an interview with News Agency of Nigeria (NAN) in Abuja. He said the investment was done within its 26 years of existence in […]
Oil markets climbed on Monday on the back of a drop in the number of United States rigs drilling for more production and as the U.S. economy continued to create jobs, which industry hopes will drive higher fuel demand. Brent sweet crude was at 65.70 dollars per barrel, up 21 cents, or 0.3 per cent, […]
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