Business

President Buhari unveils rice pyramid in Abuja

President Muhammadu Buhari has unveiled over a million bag paddy rice pyramid in Abuja, the nation’s capital. The bags of rice were planted and harvested from states...

Oil prices hit 7-year highs as tight supply bites

Oil prices rose more than one dollar on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the...

Oil edges higher as rising Libyan output offsets supply concerns

Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major...

Nigeria’s Inflation rate rises to 15.63%, first increase after 8 months decline

Nigeria’s inflation rate has risen to 15.63 percent in December 2021 from 15.50 percent recorded in November. This is the first increase after recording consecutive...

Emirates resumes flights from five African Countries, Excludes Nigeria

Emirates Airlines has announced the resumption of passenger flight operations to and from Ghana, Guinea, Angola, Ivory Coast and Uganda. “From 13 January 2022,...

Federal Govt Invests $50m To Explore Gold, Other Mineral Resources

The federal government has announced about $50 million has been spent to explore gold, lithium and several other metals. This was made known by the Minister of Mines and...

Kano approves N500m counterpart fund for World Bank climate project

The Kano State Executive Council has approved N500 million naira as counterpart funding for the implementation of a six-year World Bank-assisted project. This was made...

Oil Prices Fall as Global Omicron Surge Clouds Fuel Demand View

Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron...

FG plans N620bn loan from pension funds to support transportation sector

The Federal Government is planning to source $1.5 Billion-dollar loan from pension funds to support its proposed N7.73 Trillion Naira investment in transport...

FG moves to reduce importation of livestock products

The Federal Government has disclosed plans to reduce the importation of dairy products and to scale up its local production as well as marketing in the country. This was...