Monthly food inflation declines for second consecutive month in April- NBS
Nigeria’s month-on-month food inflation declined in April for the second consecutive time following five months of consistent increase dating back to October 2023. Monthly food inflation in April stood at 2.50%, a decline from the 3.62% recorded in March 2024…
Port Harcourt refinery begins operation July
The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was disclosed on Monday by the National Public Relations Officer, Independent Marketers Association of Nigeria, Chief Ukadike Chinedu. He stated that…
Local vehicle manufacturing begins soon, declares industry minister
Plans are underway to position Nigeria as a major player in the vehicle manufacturing industry, according to the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. The minister stated this on Friday while launching the Nigeria Automotive Industry Development Plan…
African countries should put an end to resource backed loans – Adesina
The African Development Bank’s President, Akinwunmi Adesina is advocating for an end to the practice of offering loans in return for access to Africa’s abundant oil reserves and vital minerals, which are essential for producing smartphones and electric car batteries….
BREAKING: Nigeria Set To Join Russia, China In BRICS –
The President Bola Tinubu-led government is working towards submitting an application for Nigeria to join international organisation, BRICS. This was made known in a post shared via X (formerly Twitter) on Friday by the international union. Nigeria will apply to…
Cost of Living Crisis: Tinubu meets with Dangote, Rabiu, Elumelu, others
President Bola Tinubu on Sunday met with private sector leaders to discuss the cost of living crisis in the country and efforts to address the problem. Those at the meeting include Africa’s richest man and owner of Dangote industries, Aliko…
BRICS: Bank of America Forecasts Future of US Financial System
As the global economy has embraced de-dollarization spearheaded by the BRICS alliance, Bank of America has forecasted the future of the US financial system. Indeed, the financial institution CEO Brian Moynihan recently discussed his expectations of the country’s economic outlook….
Ghana and Nigeria to witness the slowest economic growth in West Africa 2024- AfDB
The economies of Ghana and Nigeria are poised to see the slowest economic growth in 2024 when compared to their peers in the West African region. Overall, the West African region is expected to grow by 0.8% to 4.0% this…
Minna protest rattles Tinubu administration, President gives orders on food prices
The government is very concerned about what Nigerians are going through, especially what happened in Minna yesterday. The mass protest in Minna, Niger State, against rising food prices and worsening economic situation rattled the Bola Tinubu administration and partly influenced…
Nigerians groan over rising prices of garri, rice, beans, others
There are growing indications that Nigerians now find it difficult to survive following the persistent rise in the cost of foodstuffs and staple foods, Sunday Tribune has learnt. Sunday Tribune investigation also found out that concerns have continued to mount…