Jigawa, Akwa-Ibom Lead as States Record $910m Forex Gain   No fewer than 13 state governments recorded significant Foreign exchange revaluation profits worth N71.59 billion in three months. This was disclosed through data obtained from the third quarter budget implementation report (July...

222,141 Workers Dump PFAs, Move N908bn – PenCom   No fewer than 222,141 workers have changed their Pension Fund Administrators and moved N908.363bn from their Retirement Savings Accounts since the National Pension Commission opened the window of transfer. PenCom disclosed this in...

Local Rice Production Declines as Price Skyrockets   According to a new report, rice consumption has been steadily increasing, exceeding local supply, resulting in a supply gap of about two million metric tonnes per year. This has led to an over 37...

In One Week, Stock Investors Gain N182bn   The market capitalisation of the Nigerian Exchange Limited (NGX) appreciated in the past week by N182bn following days of positive trading. At the close of the market on Friday, the market cap stood at...

'Inflation Jumps 24 Times in 25 Months'   Nigeria has experienced 24 times an increase in inflation in the past two years (25 months). This is according to a review of the Commodity Price Index reports published by the National Bureau of...

Cooking Gas: Demand Declines Over Price Hike   In spite of several interventions by the Federal Government to increase supply and boost local consumption, Liquefied Petroleum Gas or cooking gas demand has fallen. Gas retailers over the weekend said that cooking gas...