Category: Business

South Korea’s Yoo Myung-hee has withdrawn her candidacy from the World Trade Organisation (WTO) Director-General’s race, according to Washington Trade Daily. Yoo, Korea’s Minister of Trade was contending with Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala for the top job at the WTO. Okonjo-Iweala had last month secured a popular vote by a wide margin but […]

The price of Beans in Jos Katako Market of Plateau State is high for the past month despite the new harvest. Daily Trust reports. Our correspondents who visited the Katako market on Monday reports that 100 Kg of beans is sold at N28,000 – N30,000, depending on the type of grain you want. The Chairman […]

By Emmanuel Afonne Bala Ka’Oje, a former Minister of Sports/Chairman, National Sports Commission (NSC), says telecommunication giant Globacom spent over N3 billion to sponsor the Nigeria Football Federation (NFF) and the then Nigeria Premier League (NPL). Ka’Oje, who disclosed this in an interview with the News Agency of Nigeria (NAN) also said that the company […]

Dangote Cement Plc says 171 millionaires across the nation have emerged in its ongoing  ‘Bag of Goodies Promo season 2’. The company made this known in a statement signed by Mr Anthony Chiejina, Group Head, Corporate  Communications, Dangote Industries Limited on Sunday. The News Agency of Nigeria (NAN) reports that the promo, which kicked off […]

A group of young entrepreneurs seeking to modernise agriculture has invested N30 million in 15 rural communities in Adamawa State. The young entrepreneurs under a firm, Tannep Prime Concept disclosed the development during a seminar they organised and held in Yola with the theme: Securing the Future with Agriculture, Maximizing Profit and Mitigating Losses. The […]

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Inflation rate increased by 13.22 percent in August, up from the 12.82 percent recorded in July, 2020. The Consumer Price Index, which measures inflation released Tuesday by the National Bureau of Statistics (NBS) shows that on a month-on-month basis, the Headline index increased by 1.34 percent in August 2020. Analysis of the report showed that […]

The president, Musa Salihu Bawa Bosso , said Niger State Soyabeans growers cooperative apex limited urged Nigerian to explore soybeans as a good food source, to alleviate malnutrition and achieve good health The commodity associations is demanded for more support and interventions that would enable them to be efficient in their service delivery to ensure […]

Ahead of the planned resumption of sales of foreign exchange (forex) to the parallel market by the Central Bank of Nigeria (CBN), the naira strengthened against the dollar at a buying rate of N450/$ and sale rate of #455/$ on Monday. That was lower than the sale rate of buying at N470/$ and selling at […]

There are indications that there could be another hike in the price of flour, bakers associations in Lagos have said. Daily Trust had reported on Monday, the arbitrary increase in the price of flour by over 19 per cent between March and June this year. Some bread makers who confirmed the latest plan to increase […]