Food prices are spiking again in Southern Nigeria as trucks conveying food items from the North are prevented from coming South, causing concern for another wave of food inflation. Prices of tomatoes, pepper, onions and other vegetables have doubled since Friday last week, as fewer trucks of food items made entries into markets across the…
By Providence Adeyinka ECONOMY A firm, 234Parts.com has introduced online platform for the automobile sector, to connect spare parts buyers and sellers, dealers, auto workshops and car owners. A statement from the Managing Director of 234Parts.com, Mr. Godson Madu, said that the site boasts of over 370,000 car parts listings with 28,000 unique products from
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Banks’ credit to Federal Government of Nigeria has risen as seen in the fourth quarter (Q4) of 2020, where it picked up by 18.17 percent to N32.7 trillion, from N27.67 trillion in the corresponding period (Q4) of 2019, data from the Central Bank of Nigeria (CBN) indicate. This means the Federal Government borrowed more during […] Read Full Story
Nigeria is targeting to increase revenue as a percentage of GDP to 15 percent by 2023 from the current level of 6 percent, through a new growth plan, according to Zainab Ahmed, minister of finance, budget and national planning. This is as the government is looking to grow its income stream and diversify the country’s […] Read Full Story