Brands & PeopleEconomyMarkets

Kwara, Benue pays the most for cooking gas in December 2022

According to a recent report from the National Bureau of Statistics, residents of the states of Kwara and Benue paid the highest prices for cooking gas (LPG) in December 2022. The report adds that residents of Kwara state pay an average of N4,950 for a 5kg bottle, while residents of Benue pay an average of N11,000 for a refill of a 12.5kg bottle. The report also shows that the monthly average…
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EconomyMarkets

The FCTA limits PoS operators to commercial areas.

The Federal Capital Territory has ordered terminal operator Pointmof Sales to limit operations to commercial areas only. Speaking to reporters in Abuja on Wednesday, Abuja Metropolitan Government Commission Coordinator Umar Shuaibu said the government would not allow PoS…
Markets

Cordros Capital Limited forecasts significant inflation and a volatile equity market in 2023

The Nigerian economy will experience high inflation and a volatile equity market in 2023, according to Cordros Capital Limited. The firm shared its market and economic predictions for the year as well as tips on the greatest investment possibilities at a press conference on Monday with the topic “Charting Through a Pervasive Slowdown” in Lagos. The head of research and strategy at…
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MarketsReal Estate

Veritasi Homes redeems its commercial paper series 1 and 2 for N5.53 billion.

Real estate development firm Veritasi Homes and Properties Limited has reported the successful maturity and redemption of its first series 1 and 2 Commercial Paper issued as part of its N10 billion issuing program. Tobi Yusuff, partner and head of marketing communications, Veritasi Homes; Adetola Nola, chief executive officer, Veritasi Homes; Tadeni Balogun, managing director, AVA Trustees…
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MarketsTravel & Tourism

The Radisson Hotel Group opens its first resort in Zambia.

The launch of the Radisson Blu Mosi-oa-Tunya Livingstone Resort in Zambia has been announced by the Radisson Hotel Group. The resort, which is tucked away on the Zambezi River’s banks, is the Group’s first safari lodge in both Africa and Zambia. The resort’s debut, according to a statement released by the owners on Friday, is an important step toward their objective of having 150…
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