Over 90m Nigerians lack electricity –Tinubu
President Bola Ahmed Tinubu, yesterday, lamented that over 90 million Nigerians lack access to electricity. This was as the Minister of Power, Adebayo Adelabu, threatened to revoke licences of companies whose performances fall below standard. Speaking at the Nigeria Electricity Supply Industry (NESI) Market Participants and Stakeholder Roundtable in Abuja, Tinubu who was represented by the […]
Declining disposable income depresses FGN Savings Bond
Investors have reduced their patronage of FGN Savings Bond as subscription value has dropped by 13.7% to N10.7 billion in the third quarter 2023, Q3’23, as against N12.4 billion recorded in the corresponding period of 2023, Q3’22. Vanguard’s findings from the data released by the Debt Management Office, DMO, also show that number of allotted subscriptions […]
Price of rice increases 60%, yam 45% as transport fare spikes — NBS
The National Bureau of Statistics, NBS, yesterday, said the price of one kilogram (kg) of local rice sold loose increased year-on-year (YoY) by 60.5 percent to N757.06 in September 2023 from N471.42 in September 2022. The Bureau disclosed this in its ‘Selected Food Price Watch’ report for September 2023, noting that the price of yam and beans […]