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Business

Ease Suffering of Nigerians

Living Costs Crisis: IMF Urges FG to Ease Suffering of Nigerians

March 13, 2024
By Aduragbemi Omiyale The International Monetary Fund (IMF) has advised the federal government to do everything within its power to ease the suffering of Nigerians, especially by addressing the rising food, drug, and transportation prices in the country. Due to insecurity in the northern part of the country, the supply of food to the markets has significantly reduced. Farmers have
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Hike Cargo Clearing Rate

Again, CBN Hikes Cargo Clearing Rate by 1.2%

March 13, 2024
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has increased the foreign exchange (FX) rate for clearance of goods at different import points by 1.2 per cent or N18.44 from N1,593.84/$ to N1,612.28/$. This is according to the latest information available on the exchange rate portal of the Nigeria Customs Service (NCS). The new figure for the exchange rate
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NPK Fertilizers Indorama

CBN Provides N100bn Fertilizers to Curb Food Inflation

March 13, 2024
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has announced the allocation of 2.15 million bags of fertiliser worth over N100 billion to the Ministry of Agriculture and Food Security to mitigate the surge in food prices. Nigeria is experiencing the worst food inflation in decades amid a weakening Naira, insufficient domestic agricultural production, and an over-reliance on expensive
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Olam Agri visit Shettima

Olam Agri to Support Nigeria Achieve Food Security, Sustainability

March 13, 2024
By Aduragbemi Omiyale One of the leading players in the agribusiness sector, Olam Agri in Nigeria, has reiterated its intent to continue to collaborate and cooperate with the federal government to ensure food security and sustainability. At the moment, Nigeria is battling with rising prices of food as a result of insecurity, particularly from the northern part of the country,
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Politics

CANEX Prize for Publishing in Africa

Afreximbank Offers $20,000 CANEX Prize for Publishing in Africa

May 21, 2024
By Adedapo Adesanya Afreximbank has announced the launch of the $20,000 CANEX Prize for Publishing in Africa to promote a vibrant literary culture across Africa and encourage the development of a sustainable business ecosystem in the literary sector. The prize, which is open for submission, is a partnership between the CANEX Book Factory and Narrative Landscape Press Limited. The CANEX
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Travel

Latest

6 Essential Items For Lagos City Dwellers

By Nkem Ndem Lagos is one of the best places in Nigeria to live in. While it definitely takes some getting used to, it pretty tops. From fabulous restaurants and nightclubs, alluring sites and landmarks to sumptuous food and colourful festivals, there
August 31, 2016

Fitbit Opens EMEA Headquarters in Dublin

By Dipo Olowookere Leading health and fitness company, Fitbit, today announced the opening of its Europe, Middle East and Africa (EMEA) headquarters in Dublin, Ireland and appointed a new Managing Director, Des Power. Ireland’s reputation for being a centre of innovation and
August 31, 2016

NSE: Market Rebounds After Monday’s Loss

By Modupe Gbadeyanka The Nigerian equities market rebounded on Tuesday after opening on a bearish note on Monday, August 29, 2016. The market, which went down by 0.30 percent on Monday, appreciated by 0.46 percent yesterday on bargain hunting in bellwether stocks.
August 31, 2016

NEXIM Bank, Bauchi To Boost Non-oil Sectors

By Modupe Gbadeyanka Governor Mohammed Abdullahi Abubakar of Bauchi State has disclosed that the state was collaborating with NEXIM Bank to improve the non-oil sectors. According to Mr Abubakar, the state government and the bank is looking at how to explore opportunities
August 31, 2016

FCMB Backs 2016 Ojude Oba Festival

By Modupe Gbadeyanka The 2016 Ojude Oba Festival in Ijebu-Ode, Ogun State, will again have the full support of First City Monument Bank (FCMB) Limited, the company has said. FCMB has always thrown its weight behind the event, which is attended by
August 31, 2016

LCCI Rues 60% Forex To Manufacturing Sector

By Modupe Gbadeyanka The Lagos Chamber of Commerce and Industry (LCCI) has condemned the directive to commercial banks in Nigeria by the Central Bank of Nigeria (CBN) to make 60% forex available to the manufacturing sector. In a statement issued at the
August 31, 2016

FX Market Trades $327 Mln As Offshore Investors Buy Bonds

By Modupe Gbadeyanka Nigeria’s currency market registered $327 million worth of trades on Monday, about six times more than its usual volume, the market regulator told Reuters. That included a single $270 million transaction at 345 naira per dollar, by foreign investors
August 31, 2016

DSTV, Lagos Hold Skill Acquisition Training

By Modupe Gbadeyanka The Lagos State government and MultiChoice Nigeria have finalised plans to hold a skill acquisition training for youths in the state. The programme will take place on Monday, September 5, 2016, at two different youth centres in Lagos; the
August 31, 2016

Ondo PDP Disowns Jimoh Ibrahim

By Dipo Olowookere The Peoples Democratic Party (PDP) in Ondo State has rubbished the party’s parallel governorship primary held in Ibadan, Oyo State on Monday August 29, 2016, by the Ali Modu Sheriff faction, describing the exercise as “a mere scam.” In
August 31, 2016

Hytera Launches Latest DMR Handheld Radio PD98X

By Dipo Olowookere World leading solution provider of Professional Mobile Radio communications, Hytera, has launched its latest DMR (Digital Mobile Radio) handheld PD98X, adding another strong member to its top-notch DMR portfolio. PD98X offers an exceptional audio experience through noise cancellation technology,
August 30, 2016
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