Business news
The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation with the index dropping from 16.25 per cent in May to 16.1 per cent as at the end of June. The bureau in the report made available to our correspondent in Abuja said this is the fifth consecutive decline in […]
Transactions on the Nigerian Stock Exchange (NSE) ended for the week on Friday on a cautious note with the market indices increasing marginally by 0.04 per cent. The market capitalization improved by five billion naira or 0.04 per cent to close at N11.463 trillion as against N11.458 trillion on Thursday. Also, the All-Share Index rose […]
Gov. Abiola Ajimobi of Oyo State has stated that his administration has secured the commitment of five billion dollars from China in the development of the newly established Free Trade Zone(FTZ) in the state. The governor made the disclosure while receiving an Industrial Policy and Strategic Document from a delegation of United Nations Industrial […]
Prof. Jidere Bala, the Director-General of Energy Commission of Nigeria (ECN), has advised investors in power sector to maintain good relationship with consumers through low but cost reflective tariff regime. Bala told newsmen in Lagos that electricity was a service and consumers must have good relationship with the suppliers. The Director-General said that Generating Companies […]
The Federal Government has announced its support for the establishment of a 327,000-tonne iron and steel plant as part of its plan to diversify the economy away from oil. The Minister of Industry, Trade and Investment, Okechukwu Enelamah, gave the indication on Friday during a facility tour of Standard Metallurgical Company Limited in Sagamu, Ogun […]
The Nigerian National Petroleum Corporation on Sunday said that its refineries in Port Harcourt, Warri and Kaduna were now supplying 60 per cent of the Dual Purpose Kerosene being consumed in the country. This, it said on Sunday, was in line with the 2019 target date by the Federal Government to stop the importation of […]
Scores of London-bound passengers of Medview Airlines were on Sunday left stranded at the Murtala Muhammed International Airport in Lagos. It was learnt that some of the passengers arrived the Lagos airport as early as 10am in order to be checked-in for the 1pm flight to London but could not do so, as officials of […]
The Nigerian equities market has attracted N2.715tn investments owing to the foreign exchange window for investors and exporters introduced by the Central Bank of Nigeria on April 21 this year. Stocks have seen a huge rally across board evident in the soaring Nigerian Stock Exchange market capitalisation of listed equities, the All-Share Index, number of […]
Eight people were killed when a female suicide bomber detonated her explosives at a mosque in Maiduguri, northeast Nigeria on Monday, first responders said. “She killed eight people and injured 15 others,” the head of the Borno state emergency management agency, Ahmed Satomi, told AFP after the blast in the city’s London Ciki area. Details […]