Annual inflation in Nigeria stood at 11.44 percent in December, up from 11.28 percent in November, the National Bureau of Statistics said on Wednesday in a report.
Inflation on the food price index was 13.56 percent, up from 13.30 percent. Reuters
The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that there is the possibility of a new price regime for Premium Motor Spirit, PMS, also known as petrol on April 1, noting that the new N125 per litre pump price will last till the end of March 2020. Addressing newsmen in Abuja, Executive Secretary, PPPRA, […]
Nigerian President Muhammadu Buhari is due to complete his second and final four-year term in 2023 and the battle over who will succeed him is already heating up, placing further pressure on an already strained economy. Buhari has thus far shied away from endorsing his deputy, Yemi Osinbajo, for the position, twice slighting him by […]
The Senate on Monday asked the Minister of Industry, Trade and Investment, Dr Okechukwu Enelemah, and Acting Managing Director of Nigeria Export Processing Zones Authority ( NEPZA), Engineer Terhemba Nongo, to return alleged diverted N14.3 billion from 2017 NEPZA budget to the national treasury. It said that the minister and the agency should return the […]