Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
Nigerian Banks performing well despite hurdles–Fitch
Fitch Ratings Agency yesterday in London said in a new special report that Nigerian banks are performing well despite the twin hurdles of tight monetary policy actions and new banking rules.
Remittances to Nigeria to hit $21bn by year end
The World Bank Group has projected that Nigeria will in 2014 receive an inflow of $21 billion as remittances from Nigerians living and working abroad.
Why we stopped distribution of pre-paid meters —Eko DISCO
The Eko Electricity Distribution Company, EKEDC, has blamed the delay in the rolling out of prepaid meters to consumers on the fear of bye-pass of its meters.
Decline in external reserve: Naira depreciation to persist
The decline in the nation’s external reserve and naira depreciation in the interbank foreign exchange market will persist this month, said Bismarck Rewane, Managing Director/Chief Executive, Financial Derivatives Company.
LADOL, Samsung to establish N51bn vessel fabrication facility
The Lagos Deep Offshore Logistics, LADOL and Samsung Heavy Industries SHI, have formed a partnership to establish a N51 billion vessel fabricating facility. The facility with quay length of approximately 520 meters, depth of 13.5 meters and heavy lifting area of 5,000 metric tons is designed to become Africa’s largest vessel fabrication and integration facility and will create 50,000 new jobs in Nigeria.
