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Business

inflation in Nigeria

Nigeria’s Inflation for February 2024 Jumps 31.70%

March 15, 2024
By Aduragbemi Omiyale The inflation rate in Nigeria increased by 31.70 per cent in February 2024, the National Bureau of Statistics (NBS) said in a report on Friday. This is 1.80 per cent higher than the 29.90 per cent recorded in January 2024, the agency’s Consumer Price Index (CPI) for February 2024 released this afternoon noted. The CPI measures the
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All-Share Index NGX

Investors’ Wealth Grows N581bn as NGX Index Gains 0.99%

March 15, 2024
By Dipo Olowookere The 0.99 per cent rise recorded by the Nigerian Exchange (NGX) Limited on Friday increased investors’ wealth by N581 billion at the close of transactions. This was because the market capitalisation of the exchange, which measures the total value of equities on the bourse, closed at N59.416 trillion today compared with Thursday’s closing value of N58.835 trillion.
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brent crude oil

Crude Oil Market Falls Despite Positive Signals

March 17, 2024
By Adedapo Adesanya  The crude oil market depreciated on Friday despite reporting gains earlier in the week due to improved demand and expected supply tightness. Brent futures slid by 9 cents or 0.11 per cent to $85.33 a barrel, and the US West Texas Intermediate (WTI) futures declined by 17 cents or 0.21 per cent to $81.09 per barrel. Market
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weakening Naira

Naira Gains at Official Market, Maintains Stability at Black Market

March 17, 2024
By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 15 by 0.4 per cent or N6.23 to close at N1,602.75/$1 compared with the previous day’s value of N1,608.98/$1. It also improved its value against the Pound Sterling in the official market by N11.51 to sell at N2,066.33/£1 compared
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Sustainable Enterprise Challenge Programme

BuyScrap Nigeria, Seven Others Win at Sustainable Enterprise Challenge Programme

March 18, 2024
By Adedapo Adesanya Eight winners emerged from the Sustainable Enterprise Challenge Programme (TSECP), sponsored by the British Council and Prince’s Trust International (PTI) and implemented by Nerdzfactory. The initiative, introduced to allow companies building for a sustainable future to hone the skills essential for navigating the modern business landscape, produced 16 finalists and eight winners, each receiving N250,000. The scheme
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Politics

oil prices fall

Oil Prices Plummet on US Inventory Build, Inflation

May 2, 2024
By Adedapo Adesanya  Oil prices continued plummetting on Wednesday following a surprise inventory build and uncertainty about interest rate cuts in the United States and the future of oil demand growth. Data showed that Brent crude traded at $83.90 per barrel after losing 2.81 per cent or $2.43 as the US West Texas Intermediate (WTI) finished at $79.44 per barrel
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Travel

Latest

AHF Africa Seeks End To New HIV Infections

AIDS Healthcare Foundation (AHF) Africa Bureau has charged the global community to speed up interventions in order halt the spate of new HIV infections and AIDS related deaths among young people. The charge was made in commemoration of the 2016 International Youth
August 12, 2016

Hilton Hotels & Resorts Opens In Edinburgh

On Friday, August 12, 2016, Hilton Hotels & Resorts announced the official opening of Hilton Edinburgh Carlton, marking the 16th property in the Hilton Worldwide portfolio of brands in Scotland and the eighth Hilton Hotels & Resorts hotel in the country. More
August 12, 2016

3 Life Truths Nigerians Need To Accept

By Nkem Ndem Nigerians in today’s times are different from those that existed in the past and that is understandable as the society seem to have changed with the times. Aside from the fact that government officials are rarely within the coveted
August 12, 2016

Top 6 Useful Apps For Avid Readers

By Adeniyi Ogunfowoke Technology is changing almost everything around us including our reading habits. In the past when there were no apps, book lovers had to visit bookstores to buy books authored by their favourite writers. This is no longer the case
August 12, 2016

Old Mutual Seals $700m Investment Deals In Nigeria

The dwindling Nigerian economy is expected to receive a huge boost with the pumping of about $700 million into it. It is no longer a secret that the economy is struggling and businesses in Nigeria finding it very hard to survive, including
August 12, 2016

Buhari Congratulates Oyegun On 77th Birthday

President Muhammadu Buhari has felicitated with the National Chairman of All Progressives Congress, APC, Chief John Odigie Oyegun as he marks his 77th birthday on August 12, 2016. Buhari, in a statement signed by one of his media aides, Femi Adesina, joined
August 12, 2016

6000 Kids For Cowbell Summer Camp

The 2016 Cowbell Chocolate summer camp is expected to have not less than 6,000 children participating, the organisers have said. The kids are drawn from several schools across the country. At the six-day summer camp tagged ‘Chocademy’, opens in Makurdi, Benue State
August 12, 2016

Protesters Block Chevron Depot In Delta

On Thursday, August 11, 2016, some villagers staged a demonstration outside a Chevron facility in Delta State. The protesters demanded for better attention from the company as well as placements in Chevron. During the protest, personnel of the Nigerian military were deployed
August 11, 2016

Buhari Makes Case For ‘Endangered’ Lake Chad

  An appeal has been made to rich countries in the world to do something urgent to save the Lake Chad from extinction, arising from effects of climate change. President Muhammadu Buhari made this plea when he received the Director-General of UNESCO,
August 11, 2016

Nigeria Confirms Polio Outbreak In Borno

Minister of Health, Professor Isaac Adewole, has confirmed an outbreak of wild polio virus (WPV) in Borno State. This comes barely a year after Nigeria was declared a polio-free country. Business Post recalls that on September 25, 2015, the World Health Organization
August 11, 2016
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