Markets

The National Cashew Association of Nigeria (NCAN), on Tuesday, urged the federal government to prevent foreigners from going directly to farmers to buy cashews. The national president of the association, Ojo Ajanaku, who gave the advice in a keynote address he delivered during a one-day stakeholders’ consultative meeting in Lagos, …

It was gathered on Friday that the only importer of PMS at the moment was the Nigerian National Petroleum Company Limited, as many depots and filling stations now lack petrol, leading to queues in outlets that dispensed fuel. Seven oil marketers, who imported Premium Motor Spirit, popularly called petrol, about …

The Africa Continental Free Trade Area has said that internal trading will earn Africa more than $70 billion development assistance.The Silver Ojakol,Chief of Staff of the AfCFTA Secretariat, made the projection at the 2023 Regional Integration Issues Forum which held  in Accra, Ghana.The RIIF is a sensitisation mechanism and an …

Nigeria and other countries in the Sub-Saharan Africa (SSA) region have the highest rates of self-employment and unpaid family employment in the world, according to the World Bank. In its latest Africa’s Pulse report, the multilateral lender said this ranking is leading to depressed worker productivity and limiting workers’ earnings …

When Senator (Prince) Bassey Edet Otu was sworn in on May 29, 2023 as the governor of Cross River State, he made a very strong vow to build the state’s economy on Agriculture. One of the commodities which he said would be of great priority in his determination to escalate …

Organised labour unions have suspended their planned nationwide indefinite strike action for the next one month. This was contained in a memorandum of understanding signed Monday by the NLC President, Joe Ajaero, and General Secretary, Emmanuel Ugboaja; as well as the TUC President, Festus Osifo, and Secretary General, Nuhu Toro. …

In light of the increasing emigration rate of Nigerians, the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, says the government must do its part in providing a favourable environment for its residents. Dabiri-Erewa spoke on Monday from Paris during an appearance on Channels Television’s Empowering Tomorrow: A New Vision …

The new chairman of the Federal Inland Revenue Service, FIRS, Dr Zacch Adedeji, said yesterday the nation is in a revenue crisis and requires urgent steps to change the narrative. Adedeji, who stated this while taking over the mantle of leadership of the agency from his predecessor, Muhammad Nami, noted …

The Bimbola Nutrition and Health Foundation (BNHF), a humanitarian organization based in Abuja, has trained and impacted free culinary skills and offered start-up business packs to no fewer than 20 less privileged persons at the Internally Displaced Persons (IDPS) in Kuchigoro and Games village camps as part of the foundation’s …

President Bola Tinubu on Tuesday assured Nigerians that there will be no increase in the pump price of Premium Motor Spirit (PMS), or petrol, anywhere in the country. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, noted that the market has been deregulated and will remain …