Category: Economy

Cooking gas price jumps 105% in 12 months

The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve month. This follows an increase from…

Read More Arrow

Bank o f Mexico Raises Interest Rates To Record 8.5 Percent

The Bank of Mexico raised its benchmark interest rate by three-quarters of a percentage point to a record 8.5 percent on Thursday, mirroring the United States Federal Reserve’s most recent…

Read More Arrow

FRSC evacuates burnt commercial bus from Niger Bridge

The Public Relations Officer of the FRSC, Onitsha, Mrs Margaret Onabe, disclosed this to the News Agency of Nigeria (NAN) on Sunday. Onabe noted that the bus went up in…

Read More Arrow

As Food and Commodity prices Soar, In hardship, Nigerians struggle to buy basic necessities

From five grams of toothpaste to 10 millilitres of cooking oil, many Nigerians  living in hardship are struggling with soaring prices now to buy their basic necessities in small quantities…

Read More Arrow

ECOWAS Experts discuss Intellectual Property Rights under AfCFTA

The Economic Community of West African States (ECOWAS), with the support of the European Union AfCFTA Technical Assistance Facility and the Spanish Government Cooperation Agency- FIIAP, held its First (1st)…

Read More Arrow

Nigeria, Ghana Featured in Bloomberg New Economy 2022 Cohort of “Catalysts”

Bloomberg  has announced the 2022 class of Bloomberg New Economy Catalysts, a distinctive global group of breakthrough innovators, visionaries, scientists, policymakers and entrepreneurs, who are inventing possibilities for a more…

Read More Arrow

In All-Cash deal, French Tycoon in talks to buy Vodafone Ghana

 Telecel Group, headed by French tycoon Hugues Mulliez, said it’s in talks with Ghanaian authorities to get approvals for a deal to buy Vodafone Group Plc’s operations in the West African…

Read More Arrow

Fuel Scarcity To Return To Abuja

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA), confirmed this development. According to them, even though the Nigerian…

Read More Arrow

Nigeria borrow N19 trln from CBN in 7-year as deficits expand to N30.6 trln

Nigeria’s budget deficit has risen to at least N30.58 trillion in the last seven years of President Mohammadu Buhari administration with borrowing from the Central Bank of Nigeria (CBN) hit…

Read More Arrow

Currency Depreciation and Rating Downgrade

Rising interest rates and a sliding Naira would hurt Nigerian companies that rely on foreign loans. A company with no natural hedges and partly hedged external borrowings could become a…

Read More Arrow