The price of cement, a premium building material in Nigeria, has risen in the open market with the price of a 50-kilogramme bag of the product rising from N1,500 in August to about N1,700, an increase of just over 13 percent.

Weak bank lending to the Nigerian economy is a “major worry” and although the central bank wants single-digit inflation by the end of the year it will do nothing to jeopardise growth, its governor said on Thursday.

The report goes on to say that over 400,000 American users relied on sales through the website as a primary or secondary source of income.

The federal government has appointed an acting Managing Director for the Federal Mortgage Bank of Nigeria (FMBN), following the dissolution of the board of the country’s apex mortgage bank two weeks ago.

“In spite of Organised Labour’s recognition of the real advantages that a deregulated downstream oil sector would bring to the economy, there is yet no sign that Labour’s opposition to this policy has waned! Labour, of course, recognizes that NNPC (Nigerian National Petroleum Corporation), like all monopolies (especially state run monopolies) create price and market distortions which do not generally favour the masses.

AREWA Consultative Forum, ACF, yesterday, condemned President Goodluck Jonathan’s formal declaration that he would contest 2011 presidential election even as a coalition of six youth groups from the North warned that it was set to use the last drop of their blood to stop the President.

Before now, the primary objective of businesses was economical, but today, the whole gamut of doing business has changed, companies now align themselves with the realities of the environment as a result of desertification and depletion of the ozone layer which have invariably affected the surface of the earths membrane.

THE federal government disclosed yesterday that a total of N1.632billion would be spent to compute each State’s Gross Domestic Product, GDP for the country, just as it said that arrangements have been concluded for the commencement of the production.

Time there was when travelling was fun. Perhaps not anymore.
As a third year student of modern languages in the University of Calabar, we needed to go abroad for a year and I was one of those who benefitted Grenoble, France as destination. So started my romance with passports, visas, tickets, planes, hotels……name it.

Alhaji Mu’azu Umar, 55, retired eight years ago as a primary school teacher in his Madawaki village in Gusau, the Zamfara State capital, and quickly embraced farming as a source of livelihood to augment his pension.