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 […]
ELECTRICITY: NDPHC restores 450MW Alaoji plant
By Obas Esiesesa The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Engr. Jennifer Adighije has disclosed that operations at the 450 megawatts Alaoji Open Cycle Power Plant in Abia State has been restored after it was shut down in 2023 over gas supply and metering disputes. Adighije disclosed this during […]
Capital importation rises 182% to $3.37bn
•As foreign portfolio accounts for 95.7% By Babajide Komolafe Capital importation rose by 182 per cent, month-on-month to $3.37 billion in January from $1.25 billion in December, driven by a surge in foreign portfolio investment into bonds and money market instruments. The Central Bank of Nigeria, CBN, disclosed this in its monthly economic report for January […]
UBA commissions innovation hub, business office at UNILAG,
By Babajide Komolafe United Bank for Africa (UBA) Plc, has deepened its longstanding relationship with the academic community and reaffirmed its commitment to innovation, youth empowerment, and nation-building by commissioning the UBA Innovation Hub and Business Office at the University of Lagos (UNILAG). The landmark facility was commissioned by the Group Chairman, UBA, Tony Elumelu, represented […]
NIN deadline: Insurers to reject claims from defaulting policyholders
By Rosemary Iwunze Following the expiration of the April 30, 2026 deadline for the linkage of National Identity Number, NIN, to insurance policies, insurance companies have said they will no longer honour claims from policyholders who fail to comply with the directive. Head of the Publicity Committee of the Insurers Committee, Mrs. Ebelechukwu Nwachukwu, disclosed this […]
NAFDAC, SON hiccups slow single window rollout
By Efe Onodjae Challenges arising from backlog clearing documents at the National Agency for Food and Drug Administration and Control, NAFDAC, and the Standards Organisation of Nigeria, SON, have slowed operations on the National Single Window, NSW, cargo clearing platform in the early phase of its rollout, officials NSW have disclosed. Speaking during a media engagement […]
