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Business & Economy
Over 30% of poultry farmers out of business in 6 months
Maureen Aguta
Poultry farmers have disclosed that over 30 per cent of poultry farms nationwide shut down in the last six months due to the challenges in the sector.
The National Publicity Secretary of the Poultry…
Danger looms as Nigeria’s debt-to-GDP ratio crosses 50%
Maureen Aguta
Nigeria is set to assume the status of a debtor nation as the country’s debt-to-GDP (Gross Domestic Product) ratio crossed 50 per cent for the first time ever last week, after the Debt Management Office,…
NESG lauds CBN for suspending price verification system portal
Maureen Aguta
The Nigerian Economic Summit Group (NESG) said suspension of Price Verification System Portal (PVSP) by the Central Bank of Nigeria (CBN) will enhance economic efficiency, boost industrial output, and…
SON: Product authentication mark, PAM takes off July 1st
Maureen Aguta
The Standards Organisation of Nigeria (SON) on Monday in Lagos, disclosed that its Product Authentication Mark (PAM), which has been in the works for a while now, would take off on July 1, 2024.…
Davido’s Meme Coin similar to MMM, experts warn investors
Maureen Aguta
Financial analysts have raised concerns over Davido’s newly launched MEME Coin and warned about the associated risks.
The introduction of the coin into the market has sparked a debate within financial…
Peter Obi tackles Tinubu over move to acquire new presidential jet
Joseph Irikefe
The Labour Party presidential candidate in the 2023 election, Peter Obi has upbraided the Federal Government for contemplating the purchase of some new aircraft to add to the existing presidential fleets.…
SON confiscates fake electric cables worth N30.5m
Maureen Aguta
The Standards Organisation of Nigeria (SON) on Tuesday confiscated fake electrical cables and wires worth N30.5 million in Ekiti State.
The incident happened during a raid in some major markets in the…
Adeyanju: No agreement reached on National Minimum Wage contrary to President’s statement
Joseph Irikefe
The Organised Labour has rejected President Bola Tinubu’s claims that an agreement has been reached on the new National Minimum Wage in his nationwide broadcast to mark Democracy Day.
According to…
Harsh Economy: Guinness owners, Diageo set to exit Nigeria
Maureen Aguta
As Nigeria’s harsh economic climate bits harder, Diageo, owners of Guinness Nigeria after over 70 years in the country set leave the country where it has operated the biggest brewery in Africa over the…
Nigeria joins Somalia as hunger hotspots where acute food insecurity shows signs of deterioration…
Maureen Aguta
Data from the UN Humanitarian Aid shows that at least 18 crisis locations—which are already experiencing food insecurity—may experience a "acute food insecurity" if help is not delivered quickly.
The…