Nigeria’s inflation rate stood at 18.12% in April 2021, indicating a drop compared to 18.17% recorded in March 2021. This is according to the Consumer Price Index report, recently released by the National Bureau of Statistics (NBS). Food inflation stood at 22.72% in April 2021 from 22.95% recorded in the …
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Nigerians should expect an increase in the pump price of Premium Motor Spirt (PMS), popularly called petrol anytime soon as the Petroleum Equalisation Fund(PEF), has concluded plans to increase petroleum transportation pricing template from N3.89k per litre to N9.11k, Daily Sun investigation has revealed. But the Executive Secretary of PEF, …
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American returnee launches a new airline and takes delivery of the new airplanes in Lagos. Babawande Afolabi who is in his 30s, was an investment banker in the US, and will begin affordable air transportation to Abuja (ABV), Akure (AKR), Enugu (ENU), Ilorin (ILR), Owerri.
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Tonight, I saw on Twitter the usual argument that Dangote is not a successful businessman as he thrives only on government’s connection and as usual I laughed. Let me respond as a marketing professional. There are three major ways by which you gain competitive advantage. These strategies were defined by Michael …
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If you are visiting A French-speaking African country, there is a huge chance that you will be spending the Cefa. The CFA Franc (Cefa) is the official currency of eight west African countries which includes the Republic of Benin, Togo, Mali, Guinea Bissau, Senegal, Niger, Cote d’Ivoire, Burkina Faso. In …
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Founder of Microsoft, Bill Gates’ cash in the bank can currently buy Nigeria’s stock market. Most recent data postulates that the tech billionaire currently holds about $59.1 billion in the bank, far surpassing Nigeria’s Stock Exchange valuation of $53.7 billion (N20.4 trillion) at the time this report was drafted. Bill Gates …
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The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes. The acting director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, disclosed this yesterday during the CBN Fair in Enugu. Nwanisobi said that the CBN intervention programmes were …
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Some state governors are spending billions of naira to hire private jets despite dwindling resources in their states, an investigation by Daily Trust on Sunday has shown. Findings revealed that only a few governors use commercial flights to travel to Abuja and other part of the country from their states …
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Suspended Nigeria Ports Authority Manager, Hadiza Bala, was involved in a clandestine ploy to shortchange a company in favour of Africa’s richest, Aliko Dangote, documents obtained have revealed. Last year, some coastline terminals formerly operated by Integrated Logistics Services’ (INTELs) in Onne ports complex, Rivers state, were confiscated and …
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The Abdul Samad Rabiu Africa Initiative (ASR Africa) has provided a N5billion grant to the Akwa Ibom State Government targeted at healthcare and social development as part of its annual $100 million dollars Annual Africa Fund for Social Development and Renewal. This was announced during a presentation of the …
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