Category: Economy
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Why cost of Lagos rice is increasing – Sanwo-Olu’s aide
The Special Adviser to the Lagos State Governor on Agriculture, Dr Oluwarotimi Fashola, has identified inconsistent rainfall pattern as the major factor affecting rice production.
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Nigeria grapples with growing food insufficiency
The Federal Government has disclosed that no fewer than 88.5 million Nigerians were faced with insufficient food consumption while the figure was projected to increase by six million in December.
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FG moves to address rising cost of cooking gas
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has waded into the challenges of constant price increment of Liquefied Petroleum Gas (LPG) in the country’s domestic market.
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Economic hardship: Why Nigerians should live within their means
As the economic hardship takes a toll on Nigerians, Clinical Psychologist, Adedotun Ajiboye has advised people to live within their means.
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How food prices continue to rise in Nigeria
The National Bureau of Statistics (NBS), says prices of beef, rice, beans, tomato, and other food items increased in October.
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$1.0 trillion economy: CBN moves to reposition Nigerian banks
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
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CBN clarifies FG policy on importing 43 items
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria.
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Federation account witnessing improved revenue inflow – Edun
The Minister of Finance, Mr Wale Edun has said the Federation Account is witnessing improved revenue inflow since the removal of subsidy.
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18 ships with assorted goods to berth at Lagos ports – NPA
The Nigerian Ports Authority (NPA) on Friday said 18 ships conveying assorted goods were expected at Lagos ports from Friday to Nov. 26.
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Association moves to crash price of catfish
The Lagos State Catfish and Allied Association of Nigeria (LASCAFAN) says the introduction of frozen catfish in the aquaculture value chain will reduce the price of frozen fish in the country.