Experts Blame Forex, Insecurity, Low Production As Inflation Hits 18.17%       Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting a high of 18.17 per cent, according to data released on Thursday by the National...

LCCI Concerned Over Rising Inflation, Debt Sustainability       As the country awaits a higher inflation rate for March due for release today,, the Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns about the persistent increase in domestic prices. It noted that continual rise in...

‘Cost Of Goods High Because Of Transportation’       Traders in Nigeria have blamed high cost of goods across the country on the high cost of transportation from the North to the South. The traders under the aegis of Reformed Traders Association of Nigeria (RTAN) said this is...

Passengers Groan Over 100% Air Fare Hike     This is not best of time for air passengers on domestic flights as they have to contend with high fares. It was learnt on Monday that fares on major local routes had gone up by as much as 100...

DPR Revokes 32 Refinery Licences, Says Dangote Plant 80% Complete Thirty-two refinery project licences issued to private investors in the country have become invalid in the past three years, according to the Department of Petroleum Resources. The DPR said on Monday that the number of...

Electricity generation drops to 3,922MW …… as 11 plants idle Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle, even as several others suffered declines in the output. Total power generation fell to 3,922.2MW as of 6am on...