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FG Allays Fears Over Food Shortage

The Federal Government on Monday assured the citizens that the country had enough to eat and there would be no shortage of food. The Minister of Agriculture and Natural Resources, Dr. Mohammad Abubakar, gave the assurance on Monday in Abuja at the fifth edition of the President Muhammadu Buhari (PMB) Administration Scorecard 2015-2017 series. It […]

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Rising Inflation: Nigerians Groan As Food Prices Soar, Inflation Hits 21.09

Soaring food prices have pushed Nigeria’s inflation rate higher for the ninth straight month to 21.09 per cent in October 2022, the National Bureau of Statistics (NBS) disclosed on Tuesday. The NBS made this known in its Consumer Price Index (CPI) report for October 2022. Last month, the NBS said the inflation rate in September […]

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Markets News

Musk’s First Email to Twitter Staff Ends Remote Work – Bloomberg

Elon Musk in his first email to Twitter employees said remote work would no longer be allowed and that they would be expected in office for at least 40 hours per week, Bloomberg News reported on Thursday. Musk, who completed his $44 billion deal for the popular social media platform just two weeks ago, has […]

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October 2022: Top 10 Nigerian stockbroking firms

Cardinalstone Securities, FBN Quest, and Stanbic IBTC topped the list of stockbroking firms in Nigeria with the highest value of brokered deals in October, jointly accounting for 32.91% of the total value of deals transacted in the equities market in the review month. This is according to the monthly broker performance report released by the Nigerian Exchange (NGX). […]

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Business Markets News

Inflation Pushes Stock Market Down by N655bn

The market capitalisation of the Nigerian Exchange Ltd (NGX) dropped by N655 billion, following the hike in the nation’s inflation rate to 20.77 per cent. The News of Nigeria (NAN) reports that the National Bureau of Statistics (NBS) on Monday announced the inflation rate for September, standing at 20.77 per cent as against 20.5 per […]

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Markets News

Nigeria: Economy-centered Presidential Debate To Hold November

The News Agency of Nigeria (NAN) has concluded arrangements with a global economic think-tank to organise a series of presidential debates. Ahead of the 2023 presidential election, the debate is set to debut on November 5th, 2022. The debate, the first of its kind in the country, will involve the interrogation of frontline presidential candidates […]

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Markets News

What kola Nut Traditionally Means to Igboland – Ohaneze Ndigbo

The apex Igbo socio-cultural organisation, Ohaneze Ndigbo, says the Igbo tradition of presenting kola nuts to guests is a sign of hospitality in the area. The group stated this in a communique issued at the end of a one-day seminar by the Chairman of Ohaneze Ndigbo in Nsukka Local Government Area, Prof. Damian Opata, and […]

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Markets News

Lagos To Shut Ladipo, Oyingbo Markets

Lagos Waste Management Authority (LAWMA) says it will shut down Ladipo and Oyingbo markets till further notice over reckless waste dumping, refusal to pay for waste services, and general poor waste management. Read Also:Europa League Round-Up: United Thrash Sherriff Tiraspol Two-Nil Away, Roma, West Ham Win Mr. Ibrahim Odumboni, Managing Director/Chief Executive Officer (CEO) LAWMA, […]

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Lagos CP Receives 165 Recruits, Urges Them to Be Change Agents

T he Commissioner of Police in Lagos State, Mr Abiodun Alabi, on Monday received 165 recruits posted to the command.   The command’s Spokesman, Mr Benjamin Hundeyin, revealed this on his verified Twitter handle monitored by the News Agency of Nigeria (NAN).   He quoted Alabi as tasking the constables to be change agents in […]

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Markets

FG Records N3trn Budget Deficit, Subsidy To Gulp N6.72trn In 2023

The Federal Government has recorded a N3.09 trillion deficit in its 2022 budget implementation between January and April.   This is even as it emerges that subsidy is set to gulp a whopping N6.72 trillion in 2023.   Vanguard reports that the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed these at […]

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