Business

Inflation Rate Slightly Drops In April

Inflation Rate Slightly Drops In April

Nigeria’s inflation rate slightly dropped in April 2021 against analysts’ expectations. ALEDEH News report that 18.17 percent year-on-year recorded in…
Money Supply Hits N38trn In Q1 2021

Money Supply Hits N38trn In Q1 2021

Money supply hits N38 trillion in Q1 2021. ALEDEH News reports the rise in demand for cash by members of…
Food Imports Gulp $1.24bn

Food Imports Gulp $1.24bn

Food imports gulped $1.24bn of the foreign exchange supplied by the Central Bank of Nigeria (CBN) between October 2020 to…
Fertiliser Imports Increase By 84% 

Fertiliser Imports Increase By 84% 

Fertiliser imports increased by 84% to N117 billion or $247.91 million in 2020. ALEDEH News reports that fertiliser imports increased…
Pension Fund Rebounds In March  

Pension Fund Rebounds In March  

Pension fund rebounded in March with N92bn gain after two months of decline. ALEDEH News reports that Nigeria’s total pension…
Colonial Pipeline Paid $5m Ransom To Hackers – Report

Colonial Pipeline Paid $5m Ransom To Hackers – Report

Colonial Pipeline Co. has reportedly paid Eastern European hackers about $5 million as ransom on Friday, shortly after the cyberattack…
Gasoline Scarcity Hits Several States After Pipeline Hack

Gasoline Scarcity Hits Several States After Pipeline Hack

Gasoline scarcity hits several regions in the United States after a ransomware attack that shut down the Colonial Pipeline system,…
Pipeline Shutdown Sparks Worries Of $3 Gas

Pipeline Shutdown Sparks Worries Of $3 Gas

A cyberattack forced the largest US fuel pipeline to shut down Friday, and analysts are worried the disruption could result…
SpaceX To Launch In Nigeria

SpaceX To Launch In Nigeria

US-based Space exploration company, SpaceX is in talks with the Nigerian Government to secure the required licences to launch Starlink,…
Q1 2021 VAT Generation Stands At N496.39bn

Q1 2021 VAT Generation Stands At N496.39bn

Value Added Tax (VAT) generated for the 1st quarter of 2021 rose to a total of N496.39bn. This was made…
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