Business

Inflation rate hits 18.17% in March

Nigeria’s inflation rate increased by 18.17 per cent (year-on-year) in March 2021, the highest in four years. This is 0.82 percent points higher than the 17.33 per...

Oil slips to $64 as rising OPEC+, Iranian output weighs

Oil prices dropped to around $64 a barrel on Monday as higher Iranian output countered signs of a strong economic rebound in the United States and hopes for a wider...

Nigeria inflation rises to 17.33%

Nigeria’s inflation rate rose to 17.33% in February 2021, the highest recorded in four years. This is according to the latest inflation report published by the...

Fintech company Flutterwave announces partnership with PayPal

Africa’s leading payments technology company, Flutterwave, has announced a new partnership with global payment solutions platform, PayPal. This was contained in a...

MAN’s position on CBN Intervention Fund for Manufacturers and N4/DOLLAR SCHEME

THE BACKGROUND   The inclement macroeconomic environment in Nigeria has constrained the performance of the manufacturing sector. Particularly, with the triadic...

Accountant-General of the Federation summoned over TSA remittances

The Senate Committee on Finance has summoned the Accountant-General of the Federation, Ahmed Idris, to appear before it over alleged inadequate remittances to the...

DPR seals 86 illegal gas plants in Lagos

The Department of Petroleum Resources (DPR) has announced the closure of 86 illegal Liquefied Petroleum Gas plants in Lagos State. In a statement issued by the head of...

MAN releases economic review for H2 2020

EXECUTIVE SUMMARY BI-ANNUAL REVIEW OF THE ECONOMY JULY – DECEMBER 2020   EXECUTIVE SUMMARY 1.0      GLOBAL AND NIGERIAN MACROECONOMIC HIGHLIGHTS ▪ COVID-19...

LASG begins monitoring of Lekki, Magodo converted buildings

The Lagos State Commissioner for Physical Planning and Urban Development, Idris Salako, has reiterated the government’s commitment to restore government residential...

Foodstuff, Cattle Dealers Lift Ban On Food Supply To South

The Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) on Wednesday agreed to lift its ban on the supply of food to the southern region of the...