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Category: Business

Business Economy headline

Inflation rises to 12.13%, driven by increase in food prices

Iheanyi Ejiofor February 18, 2020 No Comments #Inflation rises to 12.13%driven by increase in food prices

By our reporter| The consumer price index which measures inflation rose to 12. 13 percent according to data from the National Bureau of Statistics (NBS) on Tuesday. According to the…

Read More Inflation rises to 12.13%, driven by increase in food prices
Business Economy headline

1bn barrel of crude oil discovered in Northeast – Sylva

Iheanyi Ejiofor February 13, 2020 No Comments #1bn barrel of crude oil discovered in Northeast – Sylva

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the…

Read More 1bn barrel of crude oil discovered in Northeast – Sylva
Business Economy

CBN Injects Another $210m into Forex Market

Iheanyi Ejiofor February 12, 2020 No Comments #CBN Injects Another $210m into Forex Market

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market to boost liquidity in the sector. Sources at the Bank…

Read More CBN Injects Another $210m into Forex Market
Business Economy headline

Milk, dairy products no longer eligible for forex – CBN

Iheanyi Ejiofor February 11, 2020 No Comments #Milkdairy products no longer eligible for forex - CBN

Chidi Samuel| Milk and dairy products has been added to the list of items not eligible for forex, according to a notice published by the Central Bank of Nigeria on…

Read More Milk, dairy products no longer eligible for forex – CBN
Business headline

World bank report: 87% of poor Nigerians live in the North

Iheanyi Ejiofor February 11, 2020 No Comments #World bank report: 87% of poor Nigerians live in the North

By our reporter|The World Bank has said that the estimated 87% of all the poor people in Nigeria live in the north. According to a report titled, ‘Advancing social protection…

Read More World bank report: 87% of poor Nigerians live in the North

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