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Inflation rate drops for fifth consecutive time to 16.1% ─ NBS

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The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation with the index dropping from 16.25 per cent in May to 16.1 per cent as at the end of June. The bureau in the report made available to our correspondent in Abuja said this is the fifth consecutive decline in […]

Stock Exchange indices record marginal growth of 0.04%

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Transactions on the Nigerian Stock Exchange (NSE) ended for the week on Friday on a cautious note with the market indices increasing marginally by 0.04 per cent. The market capitalization improved by five billion naira or 0.04 per cent to close at N11.463 trillion as against N11.458 trillion on Thursday. Also, the All-Share Index rose […]

Oyo state secures $5bn for industrialization from China

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Abiola-Ajimobi

  Gov. Abiola Ajimobi of Oyo State has stated that his administration has secured the commitment of five billion dollars from China in the development of the newly established Free Trade Zone(FTZ) in the state. The governor made the disclosure while receiving an Industrial Policy and Strategic Document from a delegation of United Nations Industrial […]

Energy commission tasks investors on reflective tariff

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Prof. Jidere Bala, the Director-General of Energy Commission of Nigeria (ECN), has advised investors in power sector to maintain good relationship with consumers through low but cost reflective tariff regime. Bala told newsmen in Lagos that electricity was a service and consumers must have good relationship with the suppliers. The Director-General said that Generating Companies […]