Inflation targeting encompasses a monetary policy framework in which the central bank sets an explicit target for future inflation, usually low inflation rate, and work towards achieving this goal. Consequently, the inflation rate serves as the nominal anchor on which the central bank relies to maintain price stability. Since the first adoption of inflation targeting by New Zealand in 1990, several countries from developed and emerging market economies as well as developing countries including Nigeria have adopted the framework.

Africa Internet Group, AIG has received additional investments totalling $245 million, about N48 billion, from South African telecoms group, MTN, American investment banking firm, Goldman Sachs and Rocket Internet. Recall that MTN had bought 33 per cent in AIG in 2014 to join other AIG shareholders including Rocket Internet. AIG, founded in Nigeria in 2012 as an e-commerce conglomerate has leveraged deepening internet penetration in emerging markets including growing middle class to meet increasing demands for online products.

Niger Delta Exploration & Production (NDE&P) Plc listed on NASD OTC Plc, an over-the-counter securities exchange, has assured its shareholders of enhanced dividend payment in the coming years, even as it has revealed plans to raise $400 million from the domestic capital market. Speaking at NASD OTC Market analysts forum and conference call in Lagos, the Managing Director/CEO, Dr. Layi Fatona, said the company has consistently paid dividend in the last eight years, in addition to enjoying 10 years of uninterrupted oil and gas production in the country.

As the economy of the country continues to witness challenges due to the fluctuations in foreign exchange rate, insurance practitioners have said that the situation is having adverse effects on insurance business. Managing Director of Universal Insurance Plc, Mr. Ben Ujoatuonu said that insurance is an international business as such the marine aspect of insurance business is being affected because importation is at its lowest ebb.

Ahead of the make or mar 2017 African Cup of Nations (AFCON) qualifier againsta the Pharaohs of Egypt, the caretaker coach of the Super Eagles, Samson Siasia, over the weekend inspected and certified the Ahmadu Bello stadium in Kaduna fit to host the crucial tie billed for March 25.

The Indigenous People of Biafra, IPOB, yesterday welcomed the statement credited to President Muhammadu Buhari to the effect that Nigeria would not tolerate Biafra, pointing out that Biafra would also not tolerate Nigeria.

HUAWEI Technologies, the leading provider of next generation telecommunications solutions, has been conducting business in Nigeria for 16 years. Since entering the market, the company has helped to improve Nigeria’s ICT infrastructure which plays an important role in GDP growth and job creation. Frank Li is the Managing Director of Huawei Nigeria.

Shell Petroleum Development Company of Nigeria weekend won the 2016 Nigerian Oil and Gas Industry Games, beating their hottest rivals the Nigeria National Petroleum Corporation to the second place.

ASHABI jumped deftly aboard the large bus that was just coasting to a stop at Oshodi, managing to unsteadily balance a tray of beef rolls in one hand and hung on for dear life to the bus’ doors as passengers struggled to alight from it. She is eleven years old, and the time was few minutes away from 10pm.

President Muhammadu Buhari said, weekend, that Nigeria would join the coalition of Muslim countries against terrorism, led by Saudi Arabia, because of the activities of Boko Haram.