FG’s cassava investment to yield N105bn – ICRC
The Infrastructure Concession Regulatory Commission has disclosed that the Federal Government's investment of N15.4 billion in cassava will yield N105 billion in revenue over the next five years. The announcement…
Anambra community alerts CBN of fake naira notes in circulation
The President-General of Umueri community in Anambra State, Ambassador John Chukwudi Metchie, has informed the Central Bank of Nigeria and security agencies about the circulation of counterfeit N200 notes in…
AfDB partners ILX to increase investment in Africa
The African Development Bank and ILX Management B.V. have a contract to increase investments in the regional members of the Bank Group. The agreement, according to a statement from the…
Diesel price rose 56% in one year – NBS
The price of Automotive Gas Oil popularly known as Diesel rose by 55.90 per cent to N836.81 per litre from the cost N539.32 in 2022. This was disclosed through a…
Nigeria’s rice production hits 8mt per hectare
Over the past four years, Nigeria has increased its rice yield from 1.5 metric tonnes to roughly 8 tons per hectare. According to Leadership, this was disclosed by the governor…
Petrol price rose 43% in one year – NBS
The price of Premium Motor Spirit popularly known as petrol rose by 42.63 percent from N264.29 in 2022 to N185.30 in 2023. This was disclosed through a report by the…
Volkswagen, Canada to invest $15bn in battery gigafactory
Volkswagen and the Canadian government are teaming up to invest over C$20 billion ($14.8 billion) in a battery gigafactory located in St. Thomas, Ontario, marking the biggest-ever single investment in…
Poultry farmers seek FG’s help over unsold 20m crates of egg
Nigerian poultry farmers have requested the federal government's intervention in the industry to stop the collapse of the country's poultry farms. According to the farmers, the Central Bank of Nigeria's…
Eight leading business personalities in Nigeria
Nigeria is home to a number of leading businesses in various industries. Some personalities have been the reason behind these blooming businesses. This list mentions top eight leading business owners…
Elon Musk’s Twitter halts non-subscriber ads
Twitter, a microblogging website, has announced that as of Friday, April 21, 2023, users who do not subscribe to Twitter Blue will no longer be able to run advertisements on…
Yandex buys $702m Uber stake in joint taxi venture
Russian technology powerhouse Yandex announced on Friday its purchase of Uber's stake in their joint taxi venture, marking a significant shift in the industry's landscape. The deal, valued at $702.5…
Niger Delta NGO knocks oil companies over assets sale
A non-governmental organisation under the We the People’s criticized oil companies for hastily divesting their onshore oil and gas assets and stated that it was an attempt to avoid responsibility…
