Business

Tinubu’ll transform Niger Delta region, says NDDC

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Nigeria’s food inflation has jumped consistently in the past five years despite intervention in the agriculture sector, especially through the N1.08 trillion Anchor Borrowers Programme (ABP), with composite food prices jumping by about 170 per cent in the past five years.

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A turnover of 2.4 billion shares worth N47.9 billion was recorded in 54,982 deals by investors on the floor of the exchange last week.

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The National Insurance Commission (NAICOM) has disowned a fraudulent recruitment website claiming to represent the commission.

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The sustenance of monetary tightening, reduction in the use of Ways and Means advances by the federal government, more stable naira, base effects and consumer resistance will cause inflation to reach an inflection point by mid-2024, and begin a gradual decline to an average of 26 per cent in 2024, Agusto & Co., a research agency, has said.

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An underwriting firm, Linkage Assurance Plc, said despite the economic situation that characterized the financial year ended December 2023, it recorded outstanding Gross Premium Written (GPW) growth of N16.33 billion, from N12.98 billion recorded in 2022.

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