Imported Rice Price Surges by 114% The average price of imported high-quality rice sold loose has surged by 144.77 percent year-on-year as the Federal Government delays implementing its duty-free food policy. This is according to the selected food prices report from the National Bureau of Statistics...

FG Initiates Plan for Local Manufacturing of Electric Vehicles The Federal Government through the National Automotive Design and Development Council (NADDC) has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to...

JUST IN: Dangote Refinery Discloses Price of Petrol Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum...

Credit to Government by Banks Hit N42trn in September - CBN The Central Bank of Nigeria (CBN) says credit extended to the government by banks surged to N42.02 trillion in September 2024, representing a 78.6 percent increase from N23.52 trillion in January. Credit to the government...

Court Orders Final Forfeiture Of $2.04m, Properties, Shares Linked to Emefiele The Federal High Court sitting in Lagos on Friday ordered the final forfeiture of the sum of $2.045m, seven choice landed properties and share certificates linked to the former Governor of the Central Bank...

Nigeria Secures N2.8bn from Google to Advance AI Development The federal government has secured N2.8 billion grant from Google to boost artificial intelligence (AI) talent development in the country. Bosun Tijani, minister of communications, innovations and digital economy, announced the partnership at a press briefing in...