archiveSeptember 2016

The Standards Organisation of Nigeria (SON) has declared new war against circulation of substandard goods across the country, saying the influx of such products has contributed greatly to the current economic recession experienced by Nigerians. While addressing journalists and other stakeholders during a two-day SON Capacity Development Retreat for Media...

Suffering of Nigerian masses may soon be heightened as the former Group Managing Directors (GMDs) of the Nigerian National Petroleum Corporation (NNPC), at the weekend, have expressed the fear that the current pump price of N145 per litre was no longer feasible, meaning that there may be an upward review...

In line with its vision to thrill its consumers and provide them varieties of options to choose from, Sosaco Nigeria Limited has launched the new Jago Gold Full Cream instant whole milk powder in the premium segment of the milk powder market. Jago Gold comes with key vital nutrients, vitamins...

    ...demands sacking of Economic Team ...wants Nigeria saved from collapse   Kogi State Senator, Otunba Dino Melaye, on Sunday expressed concern over the economic recession with a call on President Muhammadu Buhari to sack members of his economic team and constitute a new team. Among the economic team...

The Emir of Kano, Muhammadu Sanusi II and the former Governor of the Central Bank of Nigeria (CBN) spoke on the nation’s economic recession and the way out at the 15th meeting of the Joint Planning Board and National Council on Development Planning. The paper is titled “Nigeria in Search...

Monday, September 12, has been declared Eid-El-Kabir Day, 1437 AH. The announcement followed the declaration of Saturday, September 3, as the 1st of Zulhijja, 1437 AH. The Sultan of Sokoto, Sa’ad Abubakar III, made declaration today  in a press statement signed by Sambo Junaidu, Chairman, Advisory Committee on Religious Affairs,...

Some group of experts at Moody’s disclosed that the country inflation rate is expected to close the year at 18 per cent. Presently, The National Bureau of Statistics (NBS) for the month of July said inflation rate increased from 16.5 per cent in June to 17.2 per cent in July....

It’s no longer news that Nigeria is fully in economic recession. The situation that is been described as the lowest economic performance in about 25 years with over four million jobs lost in one year. Experts who spoke to Business247 News Online have also said that it may take about...

A turnover of 1.115 billion shares worth N13.817 billion in 16,083 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.124 billion shares valued at N13.839 billion that exchanged hands last week in 15,625 deals. The NSE All-Share Index and...

Fitch Ratings has affirmed Lagos State's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'B+' with Stable Outlook and Short-Term Foreign Currency IDR at 'B'. According to the rating released on Friday, September 2nd, 2016, the National Long-Term Rating has also been affirmed 'AA+ (nga)', with Stable Outlook....