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The National Bureau of Statistics, NBS, on Tuesday said the Consumer Price Index which measures inflation dropped from 17.26 per cent in March to 17.24 per cent in the month of April. The NBS in the report stated that the 0.02 per cent points in inflation rate made it the third consecutive month of decline…
May 17, 2017
As the 2016 fiscal year closes, the Federal Ministry of Finance says N1.2 trillion capital releases have been made in line with government's increased focus on capital expenditure. The Director of Information, Salisu Dambatta, in a statement on Thursday, said power, construction and housing sectors got the largest share of the releases made in 2016.…
May 12, 2017
New Budget figure stands at N7.441trn Buhari presented N7.298trn last December NASS gets N125bn as against N115bn initial proposal The National Assembly has jack-up the size of the 2017 budget by over N143bn, a report of the House of Representatives' Committee on Appropriations indicated on Tuesday. The New Diplomat recalls, President Muhammadu Buhari's original estimates, laid…
May 10, 2017
Leaders of farmers and herders as well as religious and ethnic leaders have identified proliferation of arms in the country, diminishing farmlands and grazing pastures due to climate change, and frequent media bias as major contributing factors to escalation of violent tensions between farmers and herders in Nigeria. These were part of the group’s agreed…
May 5, 2017
These are indeed trying times for most Nigerians as hike in import duty, high fuel prices, high electricity tariff, naira devaluation, all culminated in higher commodity prices across the country, raising inflation rate from 9.6 percent in January 2016 to 18.55 percent at the end of the year, according to the National Bureau of Statistics…
January 24, 2017
Edo state Governor, Mr. Godwin Obaseki, has assured the people of the state of a quick economic recovery in 2017. Obaseki who gave the assurance in his new year broadcast, said he would never betray the confidence reposed in him by the people who elected him governor on September 28, 2016. He said: “I would…
January 2, 2017
… To maintain retail outlets in the three senatorial districts Lagos State Government has once again assured residents of the availability of ‘LAKE Rice’ products at designated outlets across the State. The Commissioner for Agriculture, Mr. Toyin Suarau, who gave this assurance while reviewing sales reports of the product from designated retail outlets and centres,…
December 28, 2016
... 50kg bag for N12,000; 25kg for N6,000; 10kg for N2,500 …This Is a historic moment for Lagos, Kebbi, says Lagos Gov Lagos State Governor, Mr. Akinwunmi Ambode and his Kebbi State counterpart, Alhaji Atiku Bagudu on Wednesday launched the much anticipated Lagos-Kebbi Rice christened LAKE RICE, saying that the partnership which culminated into the…
December 21, 2016
Oil prices went up again on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at 55.41 dollars per barrel at 0043 GMT, up 20 cents, or 0.36…
December 20, 2016
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The National Bureau of Statistics, NBS, on Tuesday said the Consumer Price Index which measures inflation dropped from 17.26 per cent in March to 17.24 per cent in the month of April. The NBS in the report stated that the 0.02 per cent points in inflation rate made it the third consecutive month of decline…
May 17, 2017
As the 2016 fiscal year closes, the Federal Ministry of Finance says N1.2 trillion capital releases have been made in line with government's increased focus on capital expenditure. The Director of Information, Salisu Dambatta, in a statement on Thursday, said power, construction and housing sectors got the largest share of the releases made in 2016.…
May 12, 2017
New Budget figure stands at N7.441trn Buhari presented N7.298trn last December NASS gets N125bn as against N115bn initial proposal The National Assembly has jack-up the size of the 2017 budget by over N143bn, a report of the House of Representatives' Committee on Appropriations indicated on Tuesday. The New Diplomat recalls, President Muhammadu Buhari's original estimates, laid…
May 10, 2017
Leaders of farmers and herders as well as religious and ethnic leaders have identified proliferation of arms in the country, diminishing farmlands and grazing pastures due to climate change, and frequent media bias as major contributing factors to escalation of violent tensions between farmers and herders in Nigeria. These were part of the group’s agreed…
May 5, 2017
These are indeed trying times for most Nigerians as hike in import duty, high fuel prices, high electricity tariff, naira devaluation, all culminated in higher commodity prices across the country, raising inflation rate from 9.6 percent in January 2016 to 18.55 percent at the end of the year, according to the National Bureau of Statistics…
January 24, 2017
Edo state Governor, Mr. Godwin Obaseki, has assured the people of the state of a quick economic recovery in 2017. Obaseki who gave the assurance in his new year broadcast, said he would never betray the confidence reposed in him by the people who elected him governor on September 28, 2016. He said: “I would…
January 2, 2017
… To maintain retail outlets in the three senatorial districts Lagos State Government has once again assured residents of the availability of ‘LAKE Rice’ products at designated outlets across the State. The Commissioner for Agriculture, Mr. Toyin Suarau, who gave this assurance while reviewing sales reports of the product from designated retail outlets and centres,…
December 28, 2016
... 50kg bag for N12,000; 25kg for N6,000; 10kg for N2,500 …This Is a historic moment for Lagos, Kebbi, says Lagos Gov Lagos State Governor, Mr. Akinwunmi Ambode and his Kebbi State counterpart, Alhaji Atiku Bagudu on Wednesday launched the much anticipated Lagos-Kebbi Rice christened LAKE RICE, saying that the partnership which culminated into the…
December 21, 2016
Oil prices went up again on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at 55.41 dollars per barrel at 0043 GMT, up 20 cents, or 0.36…
December 20, 2016
