Just in: Nigeria’s Inflation Soars To 31.70% in February
Nigeria’s headline inflation rose by 180bps in February to 31.70% y/y (January: 29.90% y/y). The outturn is 50bps and 40bps higher than Cordros’ (31.20% y/y) and Bloomberg’s median consensus (31.30% y/y), estimates, respectively. Similarly, on a month-on-month basis, headline inflation…
Tin Can Customs Command Seeks Gov., stakeholders’ Support in free Port Access Road
The recent clearance of articulated vehicles lining the ever busy Mile 2 to Tin Can Port via a joint effort of the State Governor, Nigerian Ports Authority (NPA), Tin Can Customs Command and other stakeholders has been commended by the…
FG, Brazil, German Bank to facilitate Green Imperative Scheme in Nigeria
The Federal Government has signed an agreement with the Brazilian Government and German Deutsch Bank Group as financiers of a facility of 995 million euros for the Green Imperative Programme. The programme will provide mechanization hubs across the 774 local…
Niger Junta Mute As Tinubu Reopens Niger Land, Air Borders, Lifts Sanctions
President Bola Tinubu has directed the opening of Nigeria’s land and air borders with the Republic of Niger and the lifting of other sanctions against the country with immediate effect. However, the Junta-led Military government is yet to make any…
NGX Group, Female Leaders Call for Investment on Women
Nigerian Exchange Group (NGX) and its subsidiaries joined the rest of the world on Friday, March 8, 2024, to commemorate the International Women’s Day (IWD) by leveraging its Closing Gong Ceremony to “Ring the Bell for Gender Equality”. With the…
IWD: NASENI to Raise Number of Female Engineers in Nigeria
The Executive Vice Chairman/Chief Executive Officer (EVC/CEO) of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu said the Agency would double the number of female Engineers in Nigeria over the next five years. The EVC/CEO…
Nigeria, India working to strengthen defence ties—Minister
The Minister of State for Defence, Dr Muhammed Bello Matawalle, has reiterated Nigeria’s commitment to strengthen bilateral ties with the Government of India in the area of Defence Cooperation. Matawalle stated this when he received the Permanent Secretary, Ministry of…
NASCON Allied Industries declares dividend, bonus as Profit grows by 151%
Nigeria’s Leading food seasoning manufacturer, NASCON Allied Industries has gained more market share even as its profit after tax (PAT) rose by 151 percent to N13. 73 billion for the financial year ended December 31, 2023. A review of the…
Area 2 Command Onne Gets CGC Commendation on Revenue, others
The Nigeria Customs Service, Area II Command, Onne Port, Rivers State has recorded an unprecedented, historical milestone in the area of revenue generation. An overwhelming daily revenue collection of ₦22,184,899,508.00 in a single day was recorded as against over two…
Defence Ministers Harps on Harmony With NASS
The Minister of Defence, Mohammed Badaru Abubakar and his counterpart, the Minister of State for Defence, Dr. Bello Muhammed Matawalle have harped on the harmonious working relationship with Nigerian National Assembly as exemplified in the oversight function of the House…
