Nigeria faces looming rice shortage over flood unless farmers replant, warns agriculture minister
Shalom Anthony
October 4, 2018
Scarcity of rice is imminent in Nigeria next year with resultant hike in prices unless farmers take appropriate measures to replant
Nigeria’s August revenues at N745.5bn fell 32.7% below budget
Adesola AfolabiOctober 4, 2018
The Federal Government of Nigeria earned N745.52 billion, as its gross federally collected revenue (gross) in August, 2018. This
Supply anxiety raises aluminium price to one month high
Temitayo AyetotoOctober 4, 2018
Aluminium touched its highest price in more than three months on Thursday, supported by concerns over potential shortages after the
Nigeria’s active mobile lines decreases to 161.4 million in July – NCC
Oyindamola TolulopeOctober 3, 2018
The Nigerian Communications Commission (NCC) in a recent report said active mobile telephone lines in Nigeria decreased in the month
Sell-offs hit Nigerian blue chips as market year-to-date loss worsens to 15%
Adesola AfolabiOctober 3, 2018
Continued sell-offs in Nigerian blue chips Wednesday worsened market year-to-date loss to 15 percent as investors weigh investment
World Bank slashes SSA’s growth forecast to 2.7% on not-too good progress in continent’s big economies
Afolabi OluwaseunOctober 3, 2018
The World Bank Wednesday slashed its sub-Saharan Africa’s economic growth forecast from 3.1 percent to 2.7 percent. The World Bank
Globacom, Nigerian telecoms operator, offers latest devices, freebies in 2nd smartphone festival
Businessam StaffOctober 3, 2018
Nigerian telecoms operator, Glo says it is repackaging its ‘Glo Smartphone Festival’ with many freebies and latest devices on offer.
FMDQ pledges to improve efficiency in Nigeria’s fixed income market
Adesola AfolabiOctober 3, 2018
FMDQ OTC Securities Exchange has reiterated commitment to the development of fixed income securities market in the country. Tumi
Pound sterling, euro surrender gains against US dollar
Businessam StaffOctober 3, 2018
The pound sterling and the European common currency, the euro, both gave up gains against the US dollar as trading got under way in
CBN survey shows Nigeria manufacturing still expanding, but at slower pace
Adesola AfolabiOctober 2, 2018
Nigeria’s manufacturing sector is still expanding but it is doing so at a slower pace, a new Central Bank of Nigeria (CBN)