Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, has commended the Bureau of Public Enterprises (BPE) for its reform and privatization transactions in the country, especially in the telecom sector which has deepened and transformed the Nigerian economy. Speaking when he received the
BUSINESS
The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the index dropping year-on-year from 15.98 per cent in September to 15.91 per cent in October. The bureau in the report which was made available to our correspondent said this is the ninth consecutive month since January this year that […]
Dangote Noodles Limited, a unit of Nigerian company, Dangote Flour Mills, has sold two production lines in Ikorodu, Lagos State and Calabar, Cross River State to rival pasta maker, De United Foods Industries, maker of Indomie Noodles. The transaction is valued at N3.75 billion ($12.26 million). De United said it has signed an agreement with […]
The management of Eko Electricity Distribution Company (EKEDC), on Monday warned consumers within its network against paying its personnel for installation of the company’s prepaid meters. Mr Godwin Idemudia, the General Manager, EKEDC gave the warning in an interview with the News Agency of Nigeria (NAN) in Lagos. According to him, complaints have reached the […]
Following President Muhammadu Buhari’s recent visit to Turkey to boost bilateral trade, 23 Turkish electrical manufacturing companies will visit Nigeria this week to meet buyers and distributors. The Managing Director of Naijalink Ltd., Mrs Thessa Bagu, told the News Agency of Nigeria in Lagos that the visit would strengthen trade and economic relations between Nigeria
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has predicted that the nation’s external reserves will hit $40bn in 2018. Emefiele, who gave this forecast at the weekend in Lagos during the annual bankers’ dinner of the Chartered Institute of Bankers of Nigeria (CIBN), said the reserves would continue to grow as they […]
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