The National Bureau of Statistics has said energy and energy-related prices continue to be the largest increases reflected in the core sub-index. It stated that in September, the core sub-index increased by 17.7 per cent during the month, up by 0.5 per cent points from rates recorded in August (17.2 …
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NDLEA arrests 59 narcotic drug dealers in Bayelsa
The National Drug Law Enforcement Agency, Bayelsa State Command, says it has arrested 59 illicit drug dealers in the state. The agency also said it removed 98.902 kilogrammes of different types of drugs from circulation in the state. The spokesman for the command, Mr. Osakwe Ikenna, said in a statement …
Read More »Sky shoot energy drink debuts into the Nigerian market
A new entrant into the energy drink industry,Sky Shoot energy drink has promised to fill the gap created by the dissatisfaction of other energy drinks in the market. Marketed by LEGEND LOGISTICS & INT. CON.ltd,the drink prides itself as the new face of energy drink. Since its introduction to the …
Read More »Markets open as traders boycott IPOB’s sit-at-home order
The sit-at-home order by pro-Biafra groups, especially the Indigenous People of Biafra (IPOB) and the Movement for the Actualization of Sovereign State of Biafra (MASSOB) was boycotted in Imo State Friday. Markets, schools, government offices, as well as other public places were opened for business against the directive of the …
Read More »Cholera kills six in Lagos, 39 under observation after eating Abacha
Six people have died of cholera in Isolo Local Government Area of Lagos State after eating contaminated Abacha, a local delicacy of the people of the South-East geopolitical zone. The Commissioner for Health, Dr. Jide Idris, who briefed the press about the development at the state’s secretariat on Thursday, stated that …
Read More »$10b trapped outside due to FG, CBN policies says OPS
The organised private sector, comprising manufacturers and small businesses in the country, Tuesday, stated that the policies of the Federal Government and the Central Bank of Nigeria, CBN, are killing businesses in the country, while they stated that due to the unfavourable policies, businesses have refused to repatriate about $10 …
Read More »13 die from toxic liquor
13 people have been confirmed dead on Wednesday, a local official said, after they apparently drank toxic homemade liquor in India’s eastern Bihar, despite a state-wide ban on alcohol. At least 18 people were taken to hospital late Tuesday due to severe stomach ache and vomiting. “Thirteen people have died …
Read More »Kerosene Supply Drops,Causes Price Hike
Kerosene supply have reportedly dropped in recent weeks, causing the price of the product to shoot up to about N300 per litre in many parts of the country. There are also strong indications that despite the recent liberalization of the fuels market, many marketers had yet to start importing kerosene …
Read More »CBN sets to devalue Naira,floats currency
The Central Bank of Nigeria (CBN) has said it will allow the naira exchange rate to be market-driven, setting the stage for a devaluation of the currency when the new system comes into effect June 20. CBN said it will select a group of around 10 primary dealers through which …
Read More »Social Intervention programme,not Welfare-Osinbajo
Nigeria’s Vice President Yemi Osinbajo has said the Federal Government’s social intervention programme was not a welfare scheme that gives handouts to the poor but the largest single dedicated provision for social investment in the country. He said this in his address at the launch of the Strategy Framework/Source Book …
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