The average prices of goods rose the highest year-on-year in Ondo, Kogi, and Rivers states, according to the National Bureau of Statistics.
This is as inflation in the country rose to 22.41 per cent in May, the NBS disclosed. In the ‘Consumer Price Index’ for May 2023, inflation for the three states was higher than the national average.
The average prices of goods rose the highest year-on-year…
Nigeria’s stock market lost momentum for the first time since the suspension of former Governor of the Central Bank of Nigeria, Godwin Emefiele, as investors chose to take profit following the recent two-day rally.
Access Corporation saw much of its shares sold as the…
Eagle Aromatic Schnapps has unveiled a new campaign themed “Journey with authentic prayers” to promote hard work and dedication among Nigerians.
The company’s Head of Marketing, Mobolaji Alalade, said that the initiative was a follow-up to the relaunch of the brand…
The Lagos Chamber of Commerce and Industry has said that it will not relent on its mandate to advocate for the interest of Nigeria’s Organised Private Sector.
The President of the chamber, Michael Olawale-Cole, stated this on Wednesday during a flag-off of activities to mark LCCI’s 35th anniversary celebration.
Olawale-Cole said the founding fathers of the chamber had a practical idea of…
The Bank of Industry says its key capital-raising transactions from the international financial market, which fueled its financial performance in 2022, have been recognised with local and international awards.The bank, in a statement, said its total assets had grown by 248…
FG and Oando sign a Memorandum of Understanding to promote access to renewable energy
June 15, 2023
The Federal Government has signed a Memorandum of Understanding with Oando Clean Energy Limited to boost the deployment of sustainable renewable energy access across the country.
Represented by the Rural Electrification Agency, the government announced on Monday that the MoU…
TikTok’s nascent venture into online shopping is paying off, with its e-commerce affiliate gaining a substantial market share in Southeast Asia just a year after its launch, a report said Thursday.
TikTok Shop capitalised on the legions of users of the popular video-sharing app to expand its business in 2022 after testing the waters in Indonesia in 2021, Momentum Works, a Singapore-based…
The private sector and economists are supporting the Central Bank of Nigeria as the naira depreciates to 664/$
June 15, 2023
The Central Bank of Nigeria has directed Deposit Money Banks to remove the rate cap on the naira at the official Investors and Exporters’ Window of the foreign exchange market, to allow for a free float of the national currency against the dollar and other global…
The President, Bola Tinubu signed the Data Protection Bill into law on Monday 12th June 2023, the Nigeria Data Protection Bureau has disclosed.
According to the bureau, about 500,000 jobs are expected to be created through the training of Data Protection Officers and…
The Federal Government, on Wednesday, announced that an inter-ministerial committee had been set up to fine-tune the Student Loan bill that was signed recently by President Bola Tinubu.
The committee, which will meet on Tuesday, is expected to work together and ensure that the disbursement of the student loans starts by September 2023 for the 2023/2024 academic session.
The Permanent Secretary…