The consumer price index which measures inflation increased by 16.47 per cent (year-on-year) in January 2021. This is the highest figure recorded in the country since April 2017. The National Bureau of Statistics disclosed this in its Consumer Price Inflation report for January on Tuesday. It stated that the figure …

Oil prices extended gains on Tuesday, with WTI crude rising 1.1% to $60.12 a barrel and Brent oil gaining 0.3% to $63.48 a barrel at around 07:30 AM GMT. Both benchmarks hovered around their highest in 13 months, amid concerns about the deep freeze weather in Texas and Oklahoma. About …

Nigeria’s Ngozi Okonjo-Iweala on Monday became the first woman and African to head the World Trade Organization (WTO) that has been hobbled by dissent within in recent years. “WTO members have just agreed to appoint Dr. Ngozi Okonjo-Iweala as the next Director-General of the WTO. The decision was taken by …

Oil prices jumped on Monday to their highest in 13 months, as traders were nervous about tensions in the Middle East, after the Arab coalition announced on Sunday it had intercepted and destroyed around ten drones launched by Yemen Houthis towards Saudi Arabia. Risk appetite was also boosted by reports …

BUA Cement has earned a gross profit of N95.4 billion in its unaudited 2020 Full Year financial accounts representing 16% increase from N82.4bn in 2019. A statement from the firm said it has been strengthened with the commissioning of three million metric tonnes Sokoto Cement Plant in 2021. It targets …

Nigeria will need to create 5 million new jobs yearly over the next ten years to prevent an increase in the unemployment rate, IMF experts said in a recent report. According to the document, this figure includes the growing number of young people entering the labor market each year. With …

Barely 48 hours to St. Valentine’s Day, an increase in the purchase of adult themed toys, lingerie (women’s underwear), cakes and wigs has been recorded, a survey by the News Agency of Nigeria (NAN) in Lagos reveals. The survey was conducted at The Palms Mall, Lekki, and Novera Mall, Sangotedo, …

Yoshiro Mori resigned as the president of the Tokyo Olympic organizing committee on Friday after sexist comments made last week in which he said women “talk too much.” The resignation of the former Japanese prime minister at an executive board meeting has left a mess in its wake. And it …

President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1 Trillion. It is envisaged that, over time, the entity will grow to N15 Trillion in assets and capital. Infra-Co will be one of the premier infrastructure …

In his bid to explore opportunities in the African Continental Free Trade Area (AfCFTA) Agreement to boost internally generated revenue, Governor Bala Mohammed of Bauchi State said the state will set up an agency on the AfCFTA. The Governor made the disclosure on Thursday while playing host to the delegates …