Bread, rice record 42%, 48% price hikes in five years –NBS report
The average prices of bread and rice in Nigeria have been recording significant increases in the past five years, according…
Day: March 15, 2022
Blackout as national grid collapses, minister summons emergency meeting
Power generation on the national grid collapsed to zero megawatts around 10.40am on Monday, leading to widespread blackout across the…
TANZANIA: Kenyan textile firm opens Sh5.7bn plant in Zanzibar – (THE CITIZEN)
Kenya’s firm Basra Textiles Ltd is setting up a Sh5.7 billion ($51.3 million) factory in Zanzibar as it targets to…
FMDQ Exchange admits Coleman’s N6b commercial paper
The Coleman Wires and Cables (Coleman Technical Industries Limited) N6.05 billion Series 3 and 4 Commercial Paper (CP) has been…
NDPHC Seals Power Purchase Deal with APL Electric, Eko Disco
The Niger Delta Power Holding Company (NDPHC) has signed a Power Purchase Agreement (PPA) with APL Electric Company Limited (APLE),…
Access Bank finalises transition to holdco
Access Bank Plc is concluding arrangements for its transition from a commercial banking group to a holding company (holdco). In…
Higher oil prices will increase subsidy cost, fitech tells Nigeria
Fitch Ratings has affirmed Nigeria’s long-term foreign-currency issuer default rating at ‘B’ with a stable outlook. It disclosed this in…
Convention: Micro-zoning Tearing APC Apart Amid Leadership Crisis
The crisis in the ruling All Progressives Congress (APC) over the zoning of national offices, ahead of the party’s national…