Naira Depreciates by 215% in One Year Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against the dollar. At the close of trade on Friday, the naira stood at N1482.72 to...

Food Inflation Soars by 61% in One Year – NBS Nigerians are finding it more difficult to feed themselves, as food inflation rose to 40.66 per cent in May. This was as the cost of food rose by 61 per cent from 25.25 per cent in...

Mele Kyari, Others Summoned Over Alleged ‘Diversion’ of $72m Mele Kyari, group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, has been invited to appear before the house of representatives committee on public petitions over an alleged “diversion” of $72 million belonging...

FG Begins Conversion of Railway Locomotive Engines to CNG The Minister of Transportation, Sa’idu Alkali, has disclosed that the Federal Government had commenced the conversion of railway locomotive engines from diesel to Compressed Natural Gas. The minister disclosed this during an inspection of the retrofitting exercise...

Creative Sector Engine for Economic Growth – Ex-information Minister Lai Mohammed, a former minister of information and culture, says the creative sector is a powerful engine for the country’s economic growth. Mohammed spoke on Thursday at an event organised by the IHK Giessen-Friedberg Chambers of Commerce...

Marine, Blue Economy Ministry Ranks in PEBEC Top 10, But Our Target is Top 3 – Oyetola The Minister of Marine and Blue Economy Adegboyega Oyetola has said that despite being among the top performers on the Presidential Enabling Business Environment Council (PEBEC), his goal...