World Food Program Temporarily Halts Local Food Purchases in Nigeria Awaiting Price Stabilization. The United Nations World Food Program (WFP) has announced a strategic pause in its procurement of local food supplies in Nigeria, citing the need for market…
Croatia Allocates €150,000 Investment to Aid Foreign Workers in Learning Croatian Language Zagreb, Croatia – In a bid to enhance the integration process for foreign workers, Zagreb, the capital city of Croatia, has unveiled plans to invest €150,000 towards Croatian…
Top 10 Countries Driving Foreign Investment into Nigeria in 2023. The influx of foreign capital into Nigeria witnessed a decline of 27% in 2023, as reported by the National Bureau of Statistics (NBS), dropping from $5.33 billion to $3.91…
Federal Government Set to Audit N22.7 Trillion Ways and Means Loan Approved Under Former President Buhari’s Administration. The Federal Government has taken steps to audit the N22.7 trillion Ways and Means loan endorsed during the tenure of former President…
Challenges in Real Estate Development: Rising Cement Prices and Economic Pressures. In the realm of real estate development, escalating costs of building materials, particularly cement, coupled with economic uncertainties, are compelling developers to reconsider their projects nationwide. This shift…
NERC Considers Price Adjustment for Prepaid Meters Amid FX Challenges. The Nigerian Electricity Regulatory Commission (NERC) is contemplating a potential increase in the price of prepaid meters, responding to mounting production costs encountered by meter manufacturers. Sources familiar with…
Nigerian Customs Foils Smuggling Attempt: 15 Truckloads of Food Seized in Sokoto. In a concerted effort to combat smuggling activities exacerbating the inflation of essential commodities, the Nigeria Customs Service (NCS) has successfully intercepted 15 trucks laden with food…
Impact of Rising Fuel and Commodity Prices on Nigeria: AfDB Warns of Potential Social Unrest. The African Development Bank (AfDB) has issued a cautionary note, highlighting the looming threat of social unrest in Nigeria due to escalating prices of…
Nigerian Breweries 2023 Annual Report: Navigating Challenges with Strategic Moves Despite N106 Billion Loss. Key Highlights: Revenue surges by 9%, showcasing resilience amidst economic challenges. Operating profit declines by 15% due to increased input costs and economic pressures. Expansion…
Nigeria’s Investment Landscape Flourishes with 66.27% Surge in Foreign Capital Inflows in Q4 2023. In the fourth quarter of 2023, Nigeria experienced a remarkable increase in capital inflows, soaring by 66.27% compared to the preceding quarter. This surge, from…
