World News

Peugeot signs deal to build cars in Nigeria

  PSA Peugeot Citroen will start producing cars in Nigeria this year with a local manufacturing partner, the French carmaker said on Wednesday.   Paris-based Peugeot will begin building its 301 sedan in small volumes at a plant operated by PAN Nigeria Ltd in the central state of Kaduna, the […]

President Jonathan Seeks $1 Billion Loan to Fight Boko Haram

By  InvestAdvocateLagos (INVESTADVOCATE)-President Goodluck Jonathan on Wednesday sought the permission of the National Assembly to borrow $1 billion (N165 billion) to fight Islamist-insurgents Boko Haram. The $1 billion according to him is to help equip the Nigerian armed forces in the fight against the Boko Haram according to a letter […]

Nigerian Inflation Rose 8.2 Percent Y-o-Y in June

By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-Nigerian inflation rose 8.2 percent (8.2%) Year-on-Year (Y-o-Y) in June 2014 for the fourth consecutive time as food prices climbed up. According to consumer price index (CPI) report June 2014 by the National Bureau of Statistics (NBS), the rate increased up by 0.2 percentage points from […]