By Okeoghene Akubuike The National Bureau of Statistics (NBS) says prices of beef, rice, beans, white garri, yam, and other food items increased in March 2024. The NBS said this in its Selected Food Prices Watch report for March 2024,, released in Abuja on Friday. The report said that the average price of 1kg of […]
The Association of Bureau De Change Operators of Nigeria (ABCON) has warned economic saboteurs speculating and hoarding the Naira to desist from such act. ABCON President, Alhaji Aminu Gwadabe, in a statement on Friday, also said the association would establish a unified retail-end forex market to tackle volatility and boost regulatory compliance among Bureau de […]
By Rukayat Adeyemi The equities market declined on Friday, with profit-taking in stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Wema Bank, Nigerian Breweries, and Nestle Nigeria, among others. Following a flip-flop trading session, the market capitalisation which opened at N55,520 trillion, lost N9 billion or 0.02 per cent, to close at N55.511 trillion. […]
By Kazeem Akande The Agege Local Government in Lagos State on Friday gave traders, scavengers and illegal occupants of railway lines, five days to vacate the area. Alhaji Ganiyu Egunjobi, its Executive Chairman, gave the ultimatum at a public enlightenment on the ultimatum. The News Agency of Nigeria (NAN) reports that the Lagos State Government […]
By Fortune Abang President Xi Jinping of China, on Wednesday met with the U.S. Secretary of State Antony Blinken, at the Great Hall of the People in Beijing. In a statement by the China Africa Press Centre, President Xi said that this year marked the 45th anniversary of diplomatic relations between China and the U.S. […]
By Christian Njoku Mr Olumati Festus, the Manager, Calabar Ports, says the port has not received any container vessel in the past 25 years. Festus made the statement on Friday in Calabar during an investigative visit to the port by the House of Representatives Adhoc Committee on Ports and Harbours. He said that the Calabar […]
By Okeoghene Akubuike Nigeria and 11 other members of the African Consultative Group (ACG) havecalled for adequate and affordable financing to ensure that structural reform agendas produce the desired result. The members made this known at the end of their meeting with the International Monetary Fund (IMF) in Washington D.C.. The ACG comprises the Fund […]
By Joan Nwagwu The Trade Union Congress of Nigeria (TUC) President, Mr Festus Osifo, has said that the much-awaited new minimum wage may not be announced on May 1. Osifo said this while speaking with newsmen on Friday in Abuja. ”The negociation by the Tripartite Committee is still on going. If you remember, the TUC […]
By Sandra Umeh The alleged money laundering trial of a former Governor of Ekiti State, Ayodele Fayose, could not proceed on Thursday before the Federal High Court in Lagos, as the court did not sit. The trial Judge, Justice Chukwujekwu Aneke, was said to be on an official assignment. The case has been adjourned until […]
By Ibironke Ariyo The Nigerian Correctional Service (NCoS) FCT Command, on Thursday said 119 inmates escaped from the Suleja Custodial Centre, in Niger State. This is contained in a statement in Abuja on Thursday by Mr Samson Duza, the Public Relations Officer (PRO) of the command. The FCT command is in charge of Kuje […]