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Multichoice blames FX shortage for DStv, GOtv subscription hike — FCCPC

The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission, Dr. Adamu Abdullahi has said that Multichoice, an international Pay Television company has attributed its recent hike in the cost of Subscription for its DStv and GOtv in Nigeria to the inadequate supply of foreign exchange. This disclosure was made by Abdullahi […]

News

FG announces date for artisans’ screening in SUPA initiative

The Industrial Training Fund has announced that between 29 April and 10 May 2024, the screening of artisans for the Skill-Up Artisans Programme will take place. This was disclosed in a statement signed by its Director General, Dr. Afiz Oluwatoyin Ogun on Sunday, according to Nairametrics. According to the statement, a screening exercise will be […]

News

Manufacturing sector needs productivity reforms, Coleman Wires MD urges FG

The Managing Director of Coleman Wires and Cables, Mr. George Onafowokan, has urged the Federal Government to prioritise productivity reforms to revive the manufacturing sector. This was disclosed in his recent interview with a reporter, according to the Independent. Onafowokan stressed that the appreciation of the naira would not bring immediate succour to manufacturers, as […]

News

Major road projects in Abuja about 98% complete – Wike

The Minister of the Federal Capital Territory, Nyesom Wike, has said that almost all major projects in the territory are about 98% completed. This was disclosed in a statement by Wike during a routine inspection of some key infrastructure projects, according to Daily Post. The former governor of Rivers State underlined that projects are key […]

Naira strengthens slightly to N1,534.52/$ at official market
News

Naira rebound continues, now below N1,300/$1

The Nigerian naira has continued its rebound in the parallel market against the US dollar appreciating N1280/$1 according to some traders on Saturday. This shows a gain of N120 when compared to the previous day of N1,400 to a dollar. In some markets, traders said they still sold between N1300 and N1,320 to a dollar, […]

News

Cross River launches 50,000 hectare rice plantation

Cross River state has launched has officially launched a 50,000-hectares rice plantation in the state, starting with Ogoja. This was disclosed by the Governor, Bassey Edet Otu via his official X handle on Saturday. According to the Governor, it’s a giant step forward in the effort of the state to bolster agriculture in Cross River […]

British American Tobacco sued for smoking-related illnesses
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British American Tobacco sued for smoking-related illnesses

British American Tobacco finds itself embroiled in significant legal battles across Nigeria, as five states demand a total of N10.6 trillion (£9.3 billion) for healthcare expenses linked to smoking-related illnesses. These lawsuits, initiated by both the federal government and the states of Kano, Oyo, Lagos, Ogun, and Gombe, date back to 2007. The legal action […]

News

Yemisi Ayeni resigns as a director from Guinness Plc board

Guinness Nigeria Plc has announced the resignation of Mrs Yemisi Ayeni from the Board of the company. This was disclosed in a notice filed by the Legal Director/Company secretary of Guinness Nigeria Plc, Mrs. Abidemi Ademola with Nigerian Exchange Group on Friday. The statement reads “This is to inform the Nigerian Exchange Limited, the investing […]

Agribusiness

Oyo govt distributes agricultural inputs to 2,537 farmers

The Oyo State Government has started the distribution of agricultural inputs to 2,537 farmers across the state. The farmers were supplied with stems of cassava, hybrid maize seeds, herbicides, and knapsack sprayers at the fourth stage of state distribution, according to Businessday. The Oyo State Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, in his […]

News

Lagos tasks contractors on bests practices on project execution

The Lagos State government has called on contractors in the state to ensure project execution is in strict adherence to contractual procedures in line with international best practices. This was disclosed by the state commissioner for economic planning and budget, Ope George at a recent one-day monitoring and evaluation stakeholders forum with the theme: “Unfreezing […]

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Tinubu arrives Saudi Arabia for special World Economic Forum meeting

President Bola Tinubu has arrived in Riyadh, Saudi Arabia to participate in the 2024 Special World Economic Forum meeting. The president had just concluded an official visit to the Netherlands. The World Economic Forum meeting will aim to focus on the theme ” Global Collaboration, Growth, and Energy for Development,” according to Businessday. This meeting […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
News

NGX foreign inflow hit N93.37bn in Q1

Foreign portfolio inflows into Nigeria’s Stock Market surged to N93.37 billion in the first quarter of 2024, reflecting a remarkable 415% increase compared to the corresponding period in 2023. This substantial upswing is evident in the Foreign Portfolio Investment data for the first quarter, as disseminated by the research department of the NGX. However, when […]

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