Nigerian Liquefied Natural Gas (NLNG) Limited has renewed its commitment to fulfilling all LNG supply contracts it has entered into with its buyers across the world. It maintained that it supplies LNG in line with the different Sales and Purchase Agreements (SPAs) with its buyers in compliance with all existing local and international regulations, adding […]
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To further ease transactions, Zenith Bank Plc has introduced an Artificial Intelligence (AI) powered Chatbot on WhatsApp named ZIVA (Zenith Intelligent Virtual Assistant), which enables customers to perform financial transactions and enjoy real-time customer service from their mobile phones. According to a statement from the bank, with this solution, customers would be able to enrol […]
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Nigeria’s inflation rate has dropped to 17.38 percent in July from 17.75 in June 2021, according to the National Bureau of Statistics (NBS). The latest inflation rate was contained in the ‘Consumer Price Index (CPI) Report for July’ released by the NBS on Tuesday. CPI measures the rate of change in the prices of goods […]
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Nigeria’s foreign exchange reserves have started declining again after rising to $33.59bn, the highest level in more than a month. The forex reserves, which fell to a record low of $33.09bn on July 12, had gained $500m in almost a month to close at $33.59bn on August 10, according to the latest data from the […]
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Heavy reliance on importation and weak Naira-to-Dollar exchange rate have been blamed for the spike in aviation fuel, currently pegged at N315/litre. Fuel marketers, yesterday, said besides the local charges and fees that are fixed, fluctuations in the global price of crude oil and the exchange rate would continue to affect the price of fuel, […]
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Nigeria’s economy could grow by $229 billion by 2025 if it reduced gender inequality in the labour market, in economic participation, and in political representation, according to a report. The report was by Nigeria2Equal is an International Finance Corporation(IFC)-led, multi-stakeholder programme in partnership with the Nigerian Exchange (NGX), formerly The Nigerian Stock Exchange (NSE). The […]
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The naira yesterday lost N5 to close at N510 to one dollar at the parallel market over rising volatility in the foreign exchange market. The currency, which exchanges at N505/$1 at the weekend, failed to sustain last week’s rally. The pressure against the naira at the parallel market followed Central Bank of Nigeria’s decision to […]
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The equities market of the Nigerian Exchange Limited started this week on a negative note as investors lost N126.86bn at the end of trading on Monday. The NGX All-Share Index, which tracks all stocks listed on the exchange, saw a 0.63 per cent decrease from 38,810.75 basis points last Friday to 38,567.36 bps on Monday. […]
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Akwa Ibom State Commissioner for Agriculture and Food Security, Dr. Glory Edet explains the efforts of the state to revive agriculture through various empowerment schemes for farmers. She adds that value chain development strategy, where the emphasis is laid on farm input suppliers, farmers, aggregators, processors, and marketers, is the focus of the administration to […]
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Lagos State Governor, Mr. Babajide Sanwo-Olu test-driving a tractor at the flag-off of the 2021 Agricultural Value Chains Enterprise Activation programme at Police College, Ikeja Lagos State is adjudged the smallest state in the country by landmass, lacking the large tracts of land available to other states for cultivation of crops and agriculture. And though […]
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