A central bank official has emphasized the necessity for reforms in Nigeria to enhance competition and diminish the influence of major corporations in regulating the prices of goods and services within Africa's most populous nation. Kingsley Obiora, the Deputy Governor responsible for Economic Policy at the Central Bank of Nigeria, expressed concerns regarding the low |
Global rice prices have surged to their highest levels in nearly 15 years, raising concerns about worldwide supplies following India's decision to limit rice shipments. Severe weather conditions in Southeast Asia are also posing a threat to crop production. Thai white 5% broken rice, a key Asian benchmark, has experienced a significant increase to $648 |
The Central Bank of Nigeria has said that Nigeria is still doing better than most African nations despite the high inflation witnessed across the country. Acting Governor of the CBN, Folashodun Shonubi said this at the 2023 Zenith Bank International Trade Seminar in Lagos on Tuesday, August 8. Shonubi who was represented by the Deputy |
Prices of Premium Motor Spirit, popularly called petrol have reportedly been reduced at some private depots. Naija247news gathered that the Secretary, Abuja-Suleja, of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mohammed Shuaibu made the revelation to The Punch. According to him, the cost of fuel is set to come down in the coming weeks, |