Author Archives: Ruth Omoteso

Flour Mills of Nigeria has notified the investing public that the Company has no outstanding compliance issues with the National Sugar Development Council (NSDC), as confirmed by the council’s latest raw sugar allocation for 2022. On the contrary, the Company have been adjudged as the best performing Backward Integration Program (BIP). In a statement on the website […]

Report released by the National Bureau of Statistics revealed that Nigeria Gross Domestic Product (GDP) grew by 3.98%(year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10% and -3.62% in Q2 and Q3 of 2020 under the[…]

The Nigerian National Petroleum Company (NNPC) has assured Nigerians that the fuel scarcity triggered by recent importation of toxic Premium Motor Spirit (PMS) will soon end. NNPC Group Managing Director (GMD), Mele Kyari explained that the recent importation of toxic Premium Motor Spirit (PMS), popularly known as petrol, into the country was not deliberate. According to him,[…]