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 […]
Why agriculture must wear a new face — Xtralarge boss
By Cynthia Alo The Group Managing Director of Xtralarge Farms and Resorts, has called for a radical transformation of Nigeria’s agricultural sector, urging stakeholders to “re-adorn” farming and reposition it as a profitable, modern enterprise capable of driving food security and economic growth. Speaking at the 2026 Vanguard Economic Discourse in Lagos, the agribusiness leader […]
FCT court dismisses suit against Parallex Bank
A Federal Capital Territory High Court has dismissed the suit filed by, FHT Mega Express Limited, the logistics firm, against Parallex Bank Limited over a N4.5 billion debt. The logistics firm had claimed N7.1billion against the Bank. In the suit, the Court upheld Parallex Bank’s preliminary objection that the case amounted to a gross abuse of […]
LCCI tasks FG on weak budget execution, delays in fund releases
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for improved fiscal management even as it warned that weak budget execution and delay in release of funds remain critical challenges to the economy. President of LCCI, Engr. Leye Kupoluyi, who made the call yesterday, in Lagos, during a quarterly media conference on […]
Nigeria’s petrol marketers take advantage of momentary rise in oil prices
Nigerians may be facing fresh round of fuel pump price increases as global crude oil prices record momentary uptick on the back of escalation in US-Iran war. Yesterday, global crude oil prices jumped to a four-year high of $126.41 per barrel from $115 per barrel the previous day, the highest level since March 9, 2022, on concerns […]
Meta shares plummet near 10% after earnings, Google skyrockets
Meta shares tumbled nearly 10 percent at the opening Thursday on Wall Street, while Google-parent Alphabet surged more than six percent.
