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Naira depreciates further at official market, trades N1476.24/$

Naira depreciates further at official market, trades N1476.24/$

The Naira on Thursday slightly depreciated at the official market trading at N1476.24 to the dollar.Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N2.58.This represents a 0.17 per cent loss when compared to the previous trading date on Tuesday when it traded at N1,473.66 to the dollar. Also,...

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OVER 400 YOUTHS AND WOMEN IN ENUGU COMMUNITY BENEFIT FROM ENTREPRENEURIAL TRAINING AS FEDERAL COLLEGE OF AGRICULTURE ISHIAGU PARTNERS WITH EVERWINNERS Nigerian Limited (PHOTOS)

OVER 400 YOUTHS AND WOMEN IN ENUGU COMMUNITY BENEFIT FROM ENTREPRENEURIAL TRAINING AS FEDERAL COLLEGE OF AGRICULTURE ISHIAGU PARTNERS WITH EVERWINNERS Nigerian Limited (PHOTOS)

Over 400 persons from Obeagu Town in Awgu local government area of Enugu state, have benefited from the ongoing entrepreneurship and vocational training for women and youths to mitigate hunger across the nation. The training organised by The federal ministry of Agriculture through Federal college of Agriculture ishiagu Ebonyi state in collaboration with Everwinners nig...

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Guinness announces plan to Exits Nigerian Market after 75 years, Sells Majority Stake to Tolaram Group

Guinness announces plan to Exits Nigerian Market after 75 years, Sells Majority Stake to Tolaram Group

Guinness has announced it will exit the Nigerian market and sell off its controlling shares to Singaporean conglomerate Tolaram Group on Tuesday, June 11. Guinness has joined a long list of multinationals, like GlaxoSmithKline and Microsoft, that have left Nigeria, citing the harsh economic climate in the country. The brewery company recorded a staggering N61.9...

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Air Peace Extends Booking Window for Lagos-London Route to March 2025

Air Peace Extends Booking Window for Lagos-London Route to March 2025

Nigerian carrier, Air Peace, has said bookings are still available for its Lagos-London route, stressing that passengers can make reservations until March 2025. In a statement, the airline’s management said the extension was perfect for those planning to travel between Nigeria and London this festive season. The statement reads: “We are thrilled to inform the...

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Senate Passes Bill for Nigerian Gold Reserve Industry Development

Senate Passes Bill for Nigerian Gold Reserve Industry Development

The Senate on Wednesday passed for a second reading, a bill for an act to make provision for the Nigerian gold reserve industry. The bill, sponsored by Senator Natasha Akpoti-Uduaghan (PDP, Kogi Central), seeks a robust framework for the harnessing, exploitation and marketing of gold, which has about 600,000 metric tonnes of reserves in the...

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High Food Prices: FCCPC Conducts Nationwide Investigations, Uncovers Conspiracy by Wholesalers, Retailers

High Food Prices: FCCPC Conducts Nationwide Investigations, Uncovers Conspiracy by Wholesalers, Retailers

The Federal Competition and Consumer Protection Commission, FCCPC, is currently conducting investigations across the country to uncover the reasons for the high cost of food prices in Nigerian markets. This is to enable the commission to provide suggestions to the federal government on how to address the ongoing food crisis. READ ALSO Sit-at-Home Order: Gunmen...

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HARDSHIP:NIGERIA’S GDP DECLINES IN THE FIRST QUARTER OF 2024.

HARDSHIP:NIGERIA’S GDP DECLINES IN THE FIRST QUARTER OF 2024.

Amid severe economic hardship in Nigeria under President Bola Tinubu’s administration, the Gross Domestic Product (GDP) has declined by 2.98 percent in the first quarter (Q1) of 2024. The National Bureau of Statistics, NBS, disclosed this in its Q1 2024 GDP report released on Friday. The report said the nation’s current growth rate is 2.98...

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Keyamo Fires Back at Chidoka’s Claims of ‘Blatant Attack’ on Nigerians by Emirates Airline

Keyamo Fires Back at Chidoka’s Claims of ‘Blatant Attack’ on Nigerians by Emirates Airline

The Minister of Aviation and Aerospace Development, Festus Keyamo, has responded to Osita Chidoka, a former Aviation Minister who earlier today kicked against the resumption of Emirates Airline operations in Nigeria.  In a statement released on Wednesday, May 22, Osita Chidoka condemned the United Arab Emirates government and Emirates Airline for their “blatant attack on...

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Nigerian Government Approves $750 Million World Bank Loan for Rural Mini-Grids

Nigerian Government Approves $750 Million World Bank Loan for Rural Mini-Grids

The Nigerian Government has approved a $750 million World Bank loan for the construction of 1,200 mini-grids in rural communities across the country. The Managing Director/Chief Executive Officer of the Rural Electrification Agency, REA, Abba Aliyu, disclosed this Tuesday while addressing journalists at the Alliance for Rural Electrification Energy Access Forum held in Lagos. According...