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Economy

Inflation Rises To 8% In May Due To Higher Food Prices

Nigeria's year-on-year consumer price index (CPI) which measures inflation rose to eight per cent in May compared to 7.9 per cent the previous month,...

Fuel Scarcity Feared As Independent Marketers In NUPENG Threaten Strike

Members of the independent marketers' branch of the Nigerian Union of Petroleum Natural Gas Workers (NUPENG) rose from their national executive council meeting in...

Iran Offers Assistance On Nuclear Technology To Help Nigeria Boost Electricity

NAN - Mr Saeed Koozechi, the Iranian Ambassador to Nigeria on Monday said Iran was willing to offer assistance on nuclear technology to boost...

State Governments Raise N520 Billion Debt In 6 Years

Sixteen states of the federation have raised bonds totalling N520 billion in the last six years without clear outlines on how the funds were...

Petrol Station Workers Threaten To Shut Down Filling Stations Nationwide

Petrol Station Workers (PSW), a branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in Warri, Delta state has threatened to...

Mobile Payment Transactions Hit N271 Billion – CBN

In spite of the initial apathy to the mobile payment initiative of the Central Bank of Nigeria (CBN), there are indications that the policy...

FG Approves 3rd Quarter Allocation For Petrol Importation

The Federal Government has approved and released Quarter three (Q3) allocation for the importation of fuel by oil marketers. The approval which was done by...

FG, Farmers To Establish Rice Trading Center

The Jigawa chapter of the Rice Dealers Association of Nigeria, on Friday, said it had concluded arrangements to establish six pilot rice trading centres...

Kaduna Refinery To Run At Full Capacity In 2015

NAN - The Managing Director of Kaduna Refinery and Petrochemical Company has stated that the refinery will function at full capacity next year at a  two...

US Places Special Entry Conditions For Vessels From Nigeria

The United States Government has imposed Conditions of Entry (COE) on vessels originating or coming from Nigeria, as it requires that these vessels meet...

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