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 per cent increase in the...

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 N39.107tn while the All-Share Index...

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 demand had fallen due to...

Emirates to Resume Flights to Nigeria Soon – Keyamo   Nigeria's Aviation and Aerospace Minister, Festus Keyamo, on Sunday announced Emirates will resume flights to the country. The airline suspended operations to Nigeria over its inability to repatriate its $85 million revenue trapped in the country. The...

Again, CBN Postpones MPC Meeting   In spite of the surge in inflation, the Central Bank of Nigeria (CBN) has again postponed the meeting of its monetary policy committee (MPC). This is according to a report by Bloomberg on Monday, which quoted the CBN’s Director of Corporate...

AfDB Invested Over $10bn in Nigeria in 52 Years   The African Development Bank (AfDB) Group has invested over $10 billion in Nigeria since 1971. This disclosure was made in a statement released by the development bank, coinciding with the visit of seven newly elected North...