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China’s manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said today. The report said industrial output rose 7 per cent from a year earlier in January-February, better than analysts had forecast. Spending on factories and equipment, […]
Imported food inflation in Nigeria rose to its highest level, reaching 29.8% in February 2024 from 26.3% recorded in the previous month, which represents a 352 basis points increase. This is according to analysis by journalists. Further analysis showed that imported inflation has increased consecutively for over 4 years, largely driven by both internal and […]
Nigerian singer Ugbekile David Osemeke, popularly known as Boy Spyce, has said those criticising his female colleague, Simi, do not realise how talented she is. Simi has been under fire with some fans calling for her to change her voice, saying her sound was monotonous. Seemingly reacting to the backlash, Boy Spyce said he was […]
A yet-to-be identified individual around the team of Mr Peter Obi, the Presidential candidate of the Labour Party, LP, in the last general election, has been accused of reportedly cornering N60 million donated to his campaign. @MissPearls, a strong supporter of Obi, made public the allegation on Sunday via a series of posts on her […]
Britain’s foreign minister David Cameron on Monday said the result of the Russian elections showed “the depth of repression” under President Vladimir Putin. The Kremlin praised Putin’s landslide re-election for a fifth term in office as “eloquent confirmation” of the people’s support. But Cameron, who on Sunday evening said the election was neither free nor […]
Governor Chukwuma Soludo of Anambra State believes Nigeria’s biting economic situation is an “inevitable” phase for the betterment of the nation. Soludo stated this in an interview on Channels Television’s Sunday Politics. Recall that Nigeria’s inflation level rose to 31.70 per cent in February with the cost of living shooting up in the wake of […]
The Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari, has said the Port Harcourt refinery will commence operations in about two weeks time. According to Kyari, mechanical works have been completed on the Port Harcourt, Warri, and Kaduna refineries, stressing that the Kaduna refinery will commence operations in December. Kyari […]
In a bid to ensure food security, the Niger Delta Development Commission has partnered with the Rice Farmers Association of Nigeria. According to a statement by the NDDC Director of Corporate Affairs, Pius Ughakpoteni, the commission’s Managing Director, Dr Samuel Ogbuku, stated this during a strategic meeting with a delegation of the farmers association, led […]
The Central Bank of Nigeria has handed over N100bn worth of fertilisers to the Federal Ministry of Agriculture and Food Security to boost food production across the country. CBN Governor, Olayemi Cardoso, handed over the 2.15 million bags of fertilisers to the Minister of Agriculture and Food Security, Abubakar Kyari, at the headquarters of the […]
An international business research firm, the Economist Intelligence Unit (EIU), has declared that indigenous oil companies acquiring the assets of divesting international oil companies will not be able to match their investing power. The EIU, in its latest Country Report on Nigeria, observed that the indigenous companies would not have the same financial power to […]
