The National Bureau of Statistics (NBS) on Tuesday said the Consumer Price Index, which measures inflation, dropped from 17.26 per cent in March to 17.24 per cent in the month of April. The NBS stated in the report that the 0.02 percentage point decline in inflation rate made it the third consecutive month of decline in the CPI.

Shea Butter

Industry experts observe that Nigeria have 57 per cent of the world's Shea Butter reserve which is highly underutilized. According to them, the Shea Butter Industry in Nigeria is worth over $2bn (N772Bn) stating that if the value chain is well harnessed could employ millions of people.

Dr. Okechukwu Enelamah

The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, says the Ministry has developed a five-point agenda to enhance economic growth in the country. He said the five-point agenda includes creating an enabling environment

The Federal Government has launched a 10-year strategic plan to combat food insecurity in the country. During the launch of the document: Agricultural Sector Food Security and Nutrition Strategy in Abuja,  Chief Audu Ogbeh, the Minister of

Chief Audu Ogbeh - Agriculture Minister

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has said that the federal government’s ban on the importation of rice into the country was having severe effects on rice production in Thailand.

yam

The International Institute of Tropical Agriculture (IITA), Ibadan Nigeria has recorded an unprecedented yam seedling breakthrough, which involves the planting of yam leaves to produce millions of healthy high yield stems. 

NNPC Towers Abuja

The Nigerian National Petroleum Corporation (NNPC) said it had spent over N1.6 billion on the repairs of vandalized oil pipelines between Kaduna and Kano in 2016. The NNPC Group Managing Director (GMD), Mr Maikanti Baru, disclosed this when he paid a courtesy visit to Kano State Governor, Dr Abdullahi Ganduje in Kano.

The Federal Government has said it would conclude sale of 10 brand new electricity generation plants built under the National Integrated Power Projects (NIPPs) by the Niger Delta Power Holding Company Limited (NDPHC) in accordance with its recently launched Economic Recovery and Growth Plan (ERGP). 

Finance Minister - Kemi Adeosun

There are apparent signs that the nation's economy may soon be out of the woods. The Minister of Finance, Kemi Adeosun made the disclosure at a Town Hall meeting held in Abuja Tuesday, to x-ray the achievement of the current administration so far.