Category: Local News

inflation 3

Inflation rate rises to 15.63 per cent

9 ViewsThe National Bureau of Statistics (NBS) yesterday said for the first time in the last eight months, inflation rate rose to 15.63 per cent in December 2021 from 15.40 per cent in November. It...

TURKISH DRINK

Turkish drink producer eyes Nigeria market share

20 ViewsThe Turkish producer of Power Black, a premium energy drink, says it is targeting a significant share of the Nigerian drink market as it steps up efforts to replicate its success in over...

nigeria russia

Nigerian, Russian firms sign MoU on technology

22 ViewsA Nigerian company, iStrategic Transparent Solutions Ltd, has signed a working agreement with a major exporter of Russian technology, Russian Software Trade House, for collaborative efforts towards the deployment of technology to fight...

Stanbic IBTC Plc

Stanbic IBTC Holdings to establish fintech subsidiary

23 ViewsStanbic IBTC Holdings Plc announced on Tuesday that it had commenced the process of seeking regulatory approvals to establish a wholly-owned financial technology subsidiary to be known and referred to as Stanbic IBTC...

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Nigeria’s mobile subscriber base hits140m

19 ViewsThe Nigerian Communications Commission (NCC) has said the country’s internet subscribers rose to 140.41 million in November 2021. The Commission which stated this in a recent update of industry statistics posted on its website,...

FMARD

FG to Unveil New Dairy Policy to Reduce Importation

21 ViewsThe federal government yesterday said a new national dairy policy was underway to cut importation of related products, increase local production and enhance marketing in the country. The Permanent Secretary, Federal Ministry of...

FAO

World Food Prices Dip by 0.9% in December 2021

21 ViewsThe Food and Agriculture Organisation (FAO) food price index has revealed that world food prices fell slightly in December 2021 by 0.9 per cent, noting that the price is still up 23.1 per...

seed production

New seed production company berths in Nigeria

30 ViewsThe seed market in Nigeria and West Africa has received a major boost through the recent launch of a private for-profit foundation seed entity. The effort is aimed at improving food production through the...

ELECTRICITY

Power generation drops as vandals ground 504MW plant

22 ViewsThe Niger Delta Power Holding Company on Monday announced the shutdown of its 504 megawatts Alaoji Power Plant following the vandalism of a part of the Northern Option Pipeline that supplies gas to...