Business
Nigeria Spends Over $131m Monthly on Electricity Subsidy, Power Minister Says
The federal government of Nigeria says it is still paying over $131.14million in electricity tariff subsidy, despite the recent hike in prices paid for power by Nigerians and incessant complaints
UK Inflation Inches up to 0.7%, driven by Higher Food Prices
British inflation edged up in January as locked-down consumers paid more for food and sellers of furniture and other household goods offered smaller-than-usual New Year discounts to people seeking to
Rio Tinto to Pay Big Dividends after Posting Record Profits
Rio Tinto, the world’s biggest producer of iron ore, has rewarded investors with the biggest dividend in its history after what its new chief executive described as a “year of
Food inflation rises 20.6% as price increases persist
File: Tomato sellers at Mile 12 market …Headline inflation hits 16.5% in January By Elizabeth Adegbesan Increases in the prices of basic food items continued for the 17th consecutive month,
Trading reverses on NSE, indices down by 0.19%
Trading on the nation’s bourse returned to the negative territory on Tuesday with the market indicators dropping by 0.19 per cent, amid profit taking in Stanbic IBTC and Nigerian Breweries.
Promasidor imports Jersey cows to boost local milk production
As part of efforts to boost local milk production in Nigeria, the Ikun Dairy Farm Limited (IDFL), a joint venture between Promasidor Nigeria Limited and Ekiti State Government (EKSG) The
World Bank VP, Oteh, others on clean energy revolution mission
Stakeholders have called for a speedy revolution in sustainable clean energy in sub-Saharan Africa to unlock economic potential and enable the continent to play a lead role in global action
UK plans $150 million waste plants in Lagos
The British Government has approved more foreign investments in Lagos state, as a plan is underway for the take-off of the first waste-to-energy plant in the state. The post UK
Stock market bearish as capitalisation plunges by N41 billion
Transactions on the Nigerian Stock Exchange (NSE) closed on a downturn yesterday. This followed gains in most highly-capitalised stocks, causing market capitalisation to dip by N41 billion. The post Stock
Rising inflation compounds manufacturing downturn – MAN DG
The Manufacturers Association of Nigeria (MAN) has described the January 2021 inflation rate of 16.47 per cent as a threat to the envisaged manufacturing and industrial sectors recovery and the
