NNPC Boosts Gas Supply To Gas Power Plants

The Nigerian National Petroleum Corporation (NNPC), increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d) in June.

The National Bureau of Statistics today, released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July. The Bureau in the report on Monday, said this is the sixth consecutive time that the index would be dropping since January this year.

Irish Potato farmers in some parts of Plateau state have raised alarm over alleged attacks on their farms by suspected witches and wizards, resulting in low harvest. According to Dailytrust, the farmers claimed that the issue is seriously affecting them as the case has not been experienced before.

The government of Pakistan has invited Nigerian Businessmen and investors to participate in the 10th Expo Pakistan in Karachi. The Pakistani Government made the call in a statement released by an official of Pakistan High Commission in Nigeria, Thairv Abbass. The statement disclosed that the exhibition which will last for four days would strengthen bilateral relationship between both countries.

Chemicals In Yoga Mats May Disrupt Fertility - Study

If you are planning to undergo fertility treatment, avoiding products like yoga mats may help, as those with flame retardant chemicals can disrupt in-vitro fertilisation (IVF), a study has claimed.

The Nigerian Stock Exchange (NSE) market capitalisation rose by N25 billion or 0.20 per cent as the volume of shares traded on has improved by 77.38 per cent while 422.45 million shares worth N3.25 billion were traded in 3,618 deals, on Friday. This was against 238.16 million shares valued at N5.49 billion traded in 4,162 deals on Thursday.

CBN Injected $9.96bn Into FX Market In Six Months

The Central Bank of Nigeria (CBN) has injected $9.964 billion into the interbank segment of the foreign exchange (forex) market since it commenced its aggressive interventions in February this year.

The Minister of Transport, Rotimi Amaechi said President Muhammadu Buhari has approved a rail line from his hometown, Daura in Katsina to Kano, as the current administration intensifies efforts toward revamping the rail sector. The Minster who made the disclosure on Friday at the Osasu Show Symposium tagged "The Economy and its Effects on the Less Privilege" listed other rail lines approved by the president to include rail lines from Port Harcourt to Maiduguri, Kano to Maiduguri, Makurdi to Jos, Gombe to Yobe to Borno and Jigawa to Niger Republic.

FG TO Reposition Cocoa Industry

President Muhammadu Buhari has expressed regrets over the neglect of the cocoa sector over the years, saying his administration will work to reposition it and other non-oil export commodities.

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the Bank deployed various import-substitution strategies since 2014 in order to save the economy from collapse. Emefiele who made this declaration in a keynote address titled “The Dilemma of Monetary Policy During a Recession: Potential Options for Nigeria”, at the 57th Annual General Conference of the Nigerian Bar Association (NBA), also expressed satisfaction that the measures are working.