Fed Govt, US Firm Sign MoU On $15bn Rail Project   The Federal Government, through the Ministry of Niger Delta has signed a deal with a United States based firm, Atlanta Global Resources Inc, for the construction of a $15bn rail project that will stretch across...

World Bank Says Food Price Inflation Has Remained High Globally   The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security Update report issued on Wednesday. “Information from the latest month between December 2022 and March 2023 for...

Report Revealed Eight States Got Zero Investment In Four Years   At least eight states failed to attract any foreign investments but piled up N194.09bn debt between 2019 and 2022. Data from the Capital Importation reports of the National Bureau of Statistics revealed that Bayelsa, Gombe, Ebonyi,...

Kerosene Price Rose By 102.37% In One Year - NBS   From N3,778.30 per five kilogramme of the Liquefied Petroleum Gas (LPG) in March, last year, the average average retail price rose to N4,610.48 last month. The National Bureau of Statistics (NBS) made this known in its...

Corporate Bonds Listing Rises By 51% To N1.50trn   The value of outstanding corporate bonds listed on the FMDQ Securities Exchange (FMDQ) rose Year-on-Year (YoY) by 50.9 percent to N1.498 trillion in February 2023 from N993.57 billion in the corresponding period in 2022. FMDQ’s Monthly Financial Market...

'Diaspora Nigerians Remitted $168bn In Eight Years'   The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents. This is as foreign investments inflow into the country fluctuated in the period under review...