He said supporting local businesses is an act of patriotism and should become common practice.
The post To Boost Economy, Air Peace Chairman Onyema Charges Nigerians to Support Indigenous Investments appeared first on Arise News.
Category: Business
There are growing calls for Google CEO Sundar Pichai to step down
By Hugh Langley/Business Insider New York, March 2: Google, the search giant, already feeling the heat of sudden and fierce
Dangote Refinery Ramps Up Imported Crude Stock, Second Shipment Leaves US for Nigeria
It is estimated to reach the country around mid-March.
The post Dangote Refinery Ramps Up Imported Crude Stock, Second Shipment Leaves US for Nigeria appeared first on Arise News.
Nigerian Stock Market Investors’ Lose N1.49 Trillion In Two Days Over Interest Rate Hike
The share prices of GTCO, Zenith Bank Plc, and UBA also declined.
The post Nigerian Stock Market Investors’ Lose N1.49 Trillion In Two Days Over Interest Rate Hike appeared first on Arise News.
Price Of Local Rice Rose By 98.47% in One Year- NBS
The National Bureau of Statistics (NBS) has revealed that the price of local rice rose by 98.47 percent in January 2024.
Announcing the development in its latest food price watch released for January 2024, the statistics bureau detailed that the kilogram price of local rise rose from N514.83 in January 2023 to N1,021.79 in January 2024.
Naija News reports that the NBS data further detailed that the average price of boneless beef rose by 37.08 per cent between January 2023 and January 2024.
Also, the price of brown beans reportedly rose by 64.42 per cent between January 2023 and January 2024.
The report read, “Selected Food Price Watch for January 2024 shows that the average price of 1kg Rice local sold loose stood at N1,021.79. This indicates a rise of 98.47% in price on a year-on-year basis from N514.83 recorded in January 2023 and 11.31% rise in price on a month-on-month basis from N917.93 in December 2023. The average price of 1kg of Beef boneless increased by 37.08% on a year-on-year basis from N2,418.91 in January of last year (2023) to N3,315.78 in January 2024. On a month-on-month basis, the average price of this item increased by 5.37% from N3,146.94 in December 2023. The average price of 1kg of Beans brown (sold loose) rose by 64.42% on a year-on-year basis from N593.96 in January 2023 to N976.58 in January 2024. On a month-on-month basis, it increased by 12.16% from N870.67 in December 2023.”
The post Price Of Local Rice Rose By 98.47% in One Year- NBS appeared first on Naija News.
‘Ridiculous’: Afreximbank President, Professor Benedict Oramah Debunks Allegations of Repaying NNPCL $3bn Loan with $12bn
He said the loan is taking effect as it helps to stabilize the financial system and acute FX shortage
The post ‘Ridiculous’: Afreximbank President, Professor Benedict Oramah Debunks Allegations of Repaying NNPCL $3bn Loan with $12bn appeared first on Arise News.
Temitope Oriola: Killing of Edmonton security guard raises broader questions
The killing of a GardaWorld security guard at a parkade in downtown Edmonton on Tuesday contributed to safety concerns in
Air Peace Offers Students Special Fares Ahead of Lagos-London Flight Debut on March 30
The service will be operated with the airline’s Boeing 777 and Boeing 787 Dreamliner aircraft.
The post Air Peace Offers Students Special Fares Ahead of Lagos-London Flight Debut on March 30 appeared first on Arise News.
The Pump Price Of Fuel Rose By 159.92% In One Year – NBS
The National Bureau of Statistics (NBS) has revealed that the pump price of fuel rose by 159.92 percent from N257.12 per liter in January 2023 to N668.30 in January 2024.
Announcing the development in its latest Premium Motor Spirit (Petrol) Price Watch report released for January 2024, the statistics bureau revealed that on a monthly basis, the price of fuel reduced bu 0.53 per cent from N671.86 in December 2023 to N668.30 in January 2024.
Naija News recalls that President Bola Tinubu quickly abolished fuel subsidies upon taking office, resulting in an astronomical spike in pump prices from approximately N189 per litre to more than N640 per litre which it currently sells.
The NBS report read, “The average retail price paid by consumers for Premium Motor Spirit (Petrol) for January 2024 was N668.30, indicating a 159.92% increase when compared to the value recorded in January 2023 (N257.12). Likewise, comparing the average price value with the previous month (i.e. December 2023), the average retail price decreased by 0.53% from N671.86.
“On State profile analysis, Kebbi State had the highest average retail price for Premium Motor Spirit (Petrol) at N796.67, Zamfara and Taraba States were next, with N771.43 and N704.11, respectively. On the other side, Kwara, Niger and Kogi States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N614.90, 624.04 and 626.79 respectively. Lastly, on the Zonal profile, the North West Zone had the highest average retail price of N701.60, while the North Central Zone had the lowest price of N632.86.”
The post The Pump Price Of Fuel Rose By 159.92% In One Year – NBS appeared first on Naija News.
Boeing 737 Max Boss Ed Clark Resigns After Jet Blowout Incident
He will be replaced by Katie Ringgold, who is currently vice president of 737 delivery operations.
The post Boeing 737 Max Boss Ed Clark Resigns After Jet Blowout Incident appeared first on Arise News.