Owing to the increase in the cost of food and fuel, the inflation rate rose from 21.82% in January 2023 to 21.91% in February 2023, according to the National Bureau of Statistics (NBS). In its document titled: “Consumer Price Index February 2023,” the Bureau noted that the rate soared by 0.09% compared to the previous […]

The federal government has said that no conclusion has been reached on how to mitigate its effect on citizens, with about three months to the withdrawal of petroleum subsidy. Minister of State for Budget and National Planning, Clement Agba told newsmen, Wednesday, after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari […]

The Federal Government has announced a shift of the population and housing census earlier scheduled for end of March to May, 2023. Minister of Information and Culture, Lai Mohammed made this known to newsmen on Wednesday at the end of the weekly meeting of the Federal Executive Council presided over by President Muhammadu Buhari. The […]

Vice President Yemi Osinbajo (middle) and African Development Bank (AfDB) President, Dr. Akinwunmi Adesina (fourth left) with entrepreneurs during the launch of Investment in Digital and Creative Enterprises (i-Dice) Programme at the State House, Abuja… yesterday Vice President Yemi Osinbajo, yesterday, launched a $600 million programme for young Nigerians in the technology and creative sectors […]

Ohanaeze Ndigbo has dissociated itself from the visit last week by some members of the group to Rivers State governor, Nyesom Wike. National Publicity Secretary of the group, Dr Alex Ogbonnia had after the visit last week issued a statement, saying it was to confront the governor over the role he played against the election […]

Local manufacturers have raised concerns about the size of loans given to the manufacturing sector by commercial banks, describing it as inadequate and one that does not encourage productivity in the sector. According to the Manufacturers Association of Nigeria (MAN), about 53 per cent of manufacturers disagreed that commercial bank loans to the manufacturing sector […]

Crowd yet to thin at a bank’s ATM gallery after the Central Bank of Nigeria (CBN) declared old naira notes legal tender …. yesterday. Photo: Ayodele Adeniran • Business owners, traders defy CBN, reject old N500, N1,000 • CBN silent on returned banknotes, warehoused cash • Residual notes amount to drop in ocean, analysts insist […]

The Nigeria Labour Congress (NLC) has issued a seven-day ultimatum to the Nigerian government to end the current Naira and fuel scarcity in the country. Its position is contained in a communiqué issued and jointly signed by its president, Joe Ajaero, and its General Secretary, Emmanuel Ugboaja, on Tuesday. The communiqué was issued at the […]