The spending on the importation of food in Nigeria has risen by N10 trillion within nine years since 2010, a report by the National Bureau of Statistics (NBS) has said.
The report said the spending rose to N22.78trn in 2019 from N12.77trn recorded in 2010 when the survey was conducted.
The...
The Nigerian government is dissatisfaction with the populace's partial compliance with the standard protocols and new guidelines comprising of social distancing, wearing of face masks at market places, business environment and other public places among others, which have been set up as part of measures to check the spread...
The Standards Organisation of Nigeria (SON) has enjoined its stakeholders and customers to take optimum advantage of its automated service offerings as the organisation resumes nationwide operations in compliance with the Federal Government's directive for easing the lockdown occasioned by the COVID-19 pandemic.
The services include, certification for locally manufactured...
Professor of Finance and Capital Markets at the Nasarawa State University, Uche Uwaleke has said that the recently report released by the National Bureau of Statistics (NBS) leaves much to be investigated.
NBS in its 2019 report on Poverty and Inequality in Nigeria released on Monday, indicated that four (4)...
Zambia’s constant power cuts are now a thing of the past. Thanks to a robust hydraulic and solar power generation industry in recent years, the country is now self-sufficient in energy.
And, there is even better news for citizens of the South African nation- electricity production could soon be in...
The Corporate Affairs Commission, (CAC), has notified the public that it is yet to start admitting customers into its premises for official business.
This is in spite of the presidential order on the gradual easing of the lockdown directives earlier put in place occasioned by the coronavirus (Covid-19) pandemic affecting...
Professor of Finance and Capital Markets at the Nasarawa State University, Uche Uwaleke has predicted that the Central Bank of Nigeria (CBN)'s Monetary Policy Committee (MPC) may reduce the Cash Reserve Ratio (CRR) from the current 27.5% when the members meet later this month.
Cash Reserve Ratio (CRR) is the...
The Nigerian Investment Promotion Commission (NIPC) in its investment announcements for the first quarter of 2020, reports that $4.81billion were tracked as representing about 62% less than the value in the corresponding period in 2019 ($12.7billion).
The drop in value was related to the global health pandemic that has affected...
The African Development Bank Group has announced the debarment of Sinotec Company Limited, an energy solutions company registered in China.
Pursuant to a decision by the Bank’s Sanctions Appeals Board, the company will be debarred for a period of 36 months for engaging in fraudulent practices.
An investigation conducted by the...
In light of the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone by one year the second Intra-African Trade Fair (IATF2020) initially set to take place from 1 to 7 September 2020 in Kigali, Rwanda.
This decision was...
