NBS Blames Inflationary Figures on Rising Food Prices  By Zekeri Idakwo The latest food price watch data from the National Bureau of Statistics (NBS) indicated a continued rise in the cost of staple foods such as rice, beans and beef, which had a significant impact on...

ACCI Urges FG to Simplify Taxes, Regulatory Framework for Businesses The Abuja Chamber of Commerce and Industry (ACCI) has urged the federal government to simplify taxes and overlapping regulatory functions that have led to the closure of many businesses in previous years. The President of the...

Price of Local Rice Rises 73% in 2023 – NBS The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year. This happened despite a multi-billion naira funding...

Obasanjo Criticises FG on N88tn Debt Burden, Says Relief Mismanaged Former President Olusegun Obasanjo says Nigeria and other African countries may find it difficult to secure debt relief considering their large debt profiles. Obasanjo also indicated that the debt relief secured by Nigeria from the Paris...

NGX Sustains Bullish Trend as Investors Gain N1.5trn in 2 days The positive sentiment persisted yesterday as investors in the Nigerian Exchange Limited, NGX gained over N1.5 trillion in the first two trading days of the year. Specifically, the NGX Market capitalisation, which represents the total...

Naira now N1,235 Per Dollar in Black Market The Naira, on Wednesday, depreciated to N1,035.12 per dollar in the Nigerian Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,035.12 per dollar from N988.46 per dollar on Tuesday. This...