Business

The National Bureau of Statistics (NBS) said on Wednesday that prices of beans, eggs, sweet potatoes and other food items rose significantly in August. The NBS stated this in its Selected Food Price Monitoring report for August 2024 released in Abuja. The bureau noted that the average price of 1kg of red beans increased by 271.55 percent from N692.95 in …

Investors in the Nigerian equity market made a gain of N104 billion at the close of trading on Tuesday. This follows a surge in the prices of stocks such as NIDF (Nigerian Infrastructure Debt Fund), FBNH (FBN Holdings Plc), and ELLAH LAKES (Ellah Lakes Plc) among others on the trading floor. After five hours of trading in the capital market, …

Private Business Development Center [CPPE] has warned that decisions taken by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) will be detrimental to the economy. CBN Governor Olayemi Cardoso, who held earlier on Tuesday in Abuja, announced the committee’s decision to further raise the Monetary Policy Rate (MPR) by 50 basis points from 26.75% to 27.25% to tighten …

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has blamed excessive printing of the naira and other policies initiated by his predecessor, Godwin Emefiele, for the country’s current economic situation. He also cited the fall in oil prices in the international market as another cause of the problem. Cardoso stated this on Tuesday at a press conference at the end …

State Radio here has taken local distributor of cabled television Consolidated Group Incorporated, an agent of DSTV Liberia to task for not up-linking its broadcast. By Lincoln G. Peters  Monrovia, Liberia, September 23, 2024 – Consolidated Group Incorporated, an agent of DSTV Liberia headed by renowned Liberian Politician and businessman Simeon Freeman, is currently being muscled by the Government of …

The equity market started the week on a positive note on Monday, September 23, 2024 as investors gained N79 billion at the close of trading on the floor of the Nigerian Exchange Group (NGX). This follows a surge in stock prices such as MC Nichols, Fcmb, Fidelity Bank and others on the trading floor. After five hours of trading in …

The Infrastructure Concession Regulatory Commission (ICRC) has assured all stakeholders that construction of the $3.5 billion Bakassi deep seaport will commence soon. The development of seaports, agro value chain ports that will explore the potential of the national agricultural sector in the South-South region of Nigeria, the northern region and other parts of Africa will be implemented as a Public-Private …

Investors in the Nigerian equity market enjoyed a profitable trading session on the floor of the Nigerian Exchange Group (NGX) last week. The exchange recorded gains in three of the four trading days of the week while market capitalization rose to N56.46 trillion from N56.00 trillion the previous week. Monday, September 16 was declared a public holiday by the Federal …

The average price of 5kg cooking gas increased from N5,974.55 recorded in July to N6,430.02 last month. This was disclosed by the Central Bureau of Statistics (BPS) in its August 2024 “Cooking Gas Price Monitor” released on Sunday in Abuja. The report said August prices showed an increase of 7.62 percent compared to the prices obtained in July. The NBS …

The Lekki Peninsula stands out as a hub of modernity and luxury. Over the past decade, Lekki has transformed from a quiet residential area into a sought-after destination for locals and expats alike. This transformation has been driven largely by the emergence of world-class restaurants and bars that have put Lekki on the map as a culinary hub. In this …