African Development Bank President Akinwumi Adesina’s agripreneur fund to assist African youths, has increased to $600,000.

Adesina last week after winning the 2017 World Food Prize in Des Moines, Iowa, said he was dedicating the $250,000 cash prize to set up a fund fully dedicated to providing financing for the youth of Africa in agriculture to feed Africa.

The Nigerian National Petroleum Corporation (NNPC) has assured that Nigerians will not experience scarcity of Premium Motor Spirit (PMS), also known as petrol, during the yuletide season because it had stored over two billion litres to ensure a hitch-free movement.

The House of Representatives on Thursday set up an ad hoc committee to probe alleged mismanagement at National Economic Reconstruction Fund (NERFUND).

The House also urged Federal Government to suspend its planned closure, pending investigations on the alleged mismanagement.

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies.

The Johannesburg Stock Exchange (JSE) on Thursday saus it has suspended trading in shares belonging to Oando Plc. According to a statement issued by JSE’s Sens service said, Oando’s listing was suspended “pending clarification following the review of subsequent correspondence received on October 18 from the Nigerian Stock Exchange and SEC”.

Inflation rate in Nigeria dropped for the eighth consecutive time since January 2017. Nigeria’s inflation rate dropped to 15.98 per cent in September from 16.01 per cent recorded in August, the National Bureau of Statistics, NBS, said on Tuesday. According to data released by the NBS, the decline was 0.03 per cent points lower than the rate recorded in August.

The Naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week, the News Agency of Nigeria (NAN) reports.

The Pound Sterling and the Euro traded at N475 and N425, respectively.

Weekly transactions on the Nigerian Stock Exchange (NSE) reopened on positive note on Monday with the All-Share Index improving by 0.33 per cent.

The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of Oando Plc effective from today, according to reports. The suspension which will last till 20 October is a prelude to the technical suspension of the company shares.

The World Bank Group says it has an investment portfolio of about N8.5 billion scattered across several states and regions in Nigeria as part of efforts to support inclusive economic development and youth empowerment in the country.