EconomyMarket

Food prices rose in July 2022 – NBS

The National Bureau of Statistics says prices of selected food items increased in July. It made the declaration in its Selected Food Prices Watch Report for July 2022 released in Abuja on Monday. The NBS stated that the average price of 1kg of white beans rose by 23.22 per cent from N444.21 in July 2021 to N547.38 in July 2022. “On a month-on-month basis, the price increased by 2.09 per cent…
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Market

Lagos govt to invest on meat hub status

Lagos government is investing in value adding infrastructure with stakeholders in the meat industry to provide sought-after quality products for the benefit of Nigerians. In a keynote address during the Conference of Southwest Directors of Veterinary Services in Lagos…
AutomobileMarket

OPEC reveals Nigeria loses N101bn on oil

Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month of June, data from the Organisation of Petroleum Exporting Countries showed on Thursday. In its latest Monthly Oil Market Report for…
Market

Okomu Oil Palm Company Plc posts N11.5b profit for 2021, declares N8 dividend

The Okomu Oil Palm Company Plc has posted a profit after tax of N11.54 billion for the year ended December 31,2021, representing a 292 per cent increase over the N2.94 billion recorded in the corresponding period of 2020. Consequently, it declared a dividend of N8 per 50 Kobo ordinary shares paid from Wednesday, May 25,2022 to shareholders whose names appear on the register of members at the close…
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EventsMarket

The 5th Lagos Leather Fair is Here

To showcase the diversity and talent of key players in the industry; leather enthusiasts, designers, manufacturers, and fashion experts will meet at the Balmoral Convention Center Federal Palace Hotel, Victoria Island Lagos for the Lagos Leather Fair, the biggest leather…
BankingMarket

Naira gained against the US dollar on Tuesday,

Tuesday, 17th May 2022: The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E) window, appreciating by 0.71% from N421.5/$1 recorded the previous day. Naira gained against the US dollar on Tuesday, following the record-high depreciation recorded in the previous trading session. Likewise, FX turnover improved by 48.7% to $105.1…
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Market

Cedrus To Bridge Investment Gap In Nigeria, Africa

Olubusayo Adeniyi, the Chief Executive Officer of Cedrus Group Africa, has stated that the company is bridging the infrastructural gap in order to increase investment in Nigeria and in Africa as a whole. He addressed journalists during a press conference organized in Lagos…