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Food prices rose in August, says NBS

The National Bureau of Statistics (NBS ) has said the prices of foods rose in August 2020. Selected food price watch data for August 2020, said the Bureau, “reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 3.70 per cent and month-on month …

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We must take loans to fund roads, power, others – Buhari

The President, Major General Muhammadu Buhari (retd.), on Tuesday justified the nation’s rising debt profile, saying his regime needed to borrow to fund critical infrastructure like roads, rail and power. According to a statement titled, ‘President Buhari justifies borrowing to fund infrastructure,’ by his Senior Special Assistant on Media and …

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EU, China to discuss stalled investment deal

German Chancellor Angela Merkel is to speak with Chinese President Xi Jinping on Monday as part of high-level talks between Beijing and the European Union that should reinvigorate stalled talks on an investment pact. The EU wants to agree on a plan to wrap up the deal, according to a …

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Coalition defends fuel, electricity tariff hike

The Coalition for a Better Nigeria has urged Nigerians to show understanding with the Federal Government following the recent fuel price and electricity tariffs hike. The social-political organisation rationalised that the fuel price hike was the after effect of subsidy removal and implementation of full deregulation. However he also added …

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Fed Govt begins N4m medium cost homes in Oyo

The Federal Housing Authority (FHA) has begun the building of low and medium cost housing projects in Ibadan, the Oyo State capital. The buildings will sit on 1,000 hectares of land, named Ajoda New Town, on the Ibadan-Ife expressway. The cheapest flat in the estate will cost a little over …

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Bakers threaten to increase bread prices

Bakers have vowed to react to price increase in baking ingredients by increasing the prices of bread. The Premium Breadmakers Association of Nigeria and the Association of Master Bakers and Caterers of Nigeria gave this warning on Thursday at a press conference in Lagos. The President, PBAN, Tosan Jemide, complained …

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