Business
Latest stories
More stories
-
Okpebholo Set to Reposition Edo City Transport Service to Resume Inter-State Operations
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The management of the Edo City Transport Service (ECTS) says it is working round the clock to ensure that the hitherto comatose company comes back to life. And to achieve this, the new managers, led by Festus Ehimua, a lawyer, disclosed that some […] More
-
A Regional Conference on Agribusiness Calls fp Inclusive Empowerment on Agriculture
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The different tiers of government in Nigeria have been enjoined to empower the people through agricultural and vocational skills. This is said to be necessary to drive development in the country. A statement by Omotola Ashaolu,Press Secretary in the state ministry of Agriculture […] More
-
Property Owners Demand Cancellation of East-West Road Contract With RCC
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Only a day after the Minister of Works, David Umahi, inspected progress of work on the Eleme axis of the East-West Road project in Rivers State, property owners along that axis of the road have called for the cancellation of the contract to […] More
-
BudgIT Raises Red Flags in 2025 Federal Budget, Admonishes National Assembly on patriotism in consideration of document
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow BudgIT, a leading civic-tech organisation advocating for transparency and accountability in Nigeria, has spotted what it termed “significant irregularities” in the 2025 Federal Government proposed budget. The group consequently called on the National Assembly to conduct a transparent and inclusive review process, to […] More
-
Key To Moderating Naira Exchange Rates
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The decision of the Central Bank of Nigeria (CBN) to allow Bureau De Change operators (the retail end of the FX market) to buy up to $25k on the official market (The EFEM widow) is a well thought out strategy, to moderate Naira […] More
-
Filling Station Owners Demand Extension of Kyari’s tenure at NNPCL
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Petroleum Retail Outlet Owners Association of Nigeria has called for the extension of the tenure of Mele Kyari as the Group Chief Executive Officer, GCEO of the Nigerian National Petroleum Company Limited. The call, which was contained in a press statement issued […] More
-
CBN Moves to Strengthen Cashless Economy, Pegs Individual’s Daily Withdrawals at 100k, and 500k Weekly
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow In new initiatives aimed at strengthening its cashless economy policy and streamline banking operations, the Central Bank of Nigeria (CBN) has announced new cash-out limits for agent banking transactions. This directive, effective immediately, imposes caps on withdrawals for both customers and agents to […] More
-
Ahead of Christmas, Nigeria’s Inflation Soars to 34.6% in November, Limiting Citizens’ Purchasing Power
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow This is no good news for Nigerians who in this period of the year are busy shopping for Christmas and the New Year festivities. The latest report from the National Bureau of Statistics (NBS) shows that the country’s inflation rate has risen to […] More
-
Cocoa Research Institute Celebrates 60th Anniversary in Grand Style
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow All roads led to Idi Ayunre, Ibadan, Oyo State, Headquarters of the Cocoa Research Institute of Nigeria, CRIN, as people from all walks of life felicitated with the institute of its Diamond jubilee celebrations. The week-long 60th anniversary ceremony of the institute included […] More
-
Oil Prices Soar Amid OPEC’s Demand Cuts and Optimism Over China’s Economic Moves
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Oil prices rose around 1% on Wednesday, buoyed by market optimism despite OPEC’s decision to slash demand growth forecasts for 2024 and 2025. Brent crude futures increased by 74 cents, or 1.03%, to $72.93 per barrel by 1310 GMT, while U.S. West Texas […] More
-
Nigeria Records Monumental Export Growth in Q3 2024 Amid Rising Imports
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow There has been a quantum leap in Nigeria’s foreign trade in the third quarter, (Q3) of 2024, with the total trade volume standing at ₦35.16 trillion. This marks an 81.35% increase compared to Q3 2023 and a 13.26% rise over Q2 2024. Exports […] More
-
Rising Inflation Robs Nigerian Families of Balanced Diet
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Maintaining a healthy diet amid run-away prices of food items has become a great struggle for many households, the October 2024 Cost of a Healthy Diet (CoHD) report has shown. The report, produced by the National Bureau of Statistics (NBS), shows that the […] More