Economy
CBN Retains Lending Rate At 11.5%, Expresses Concern Over Inflationary Pressures
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent....
Read moreDetailsMinister Hints On Inevitability Of Higher Petrol Price, Says FG Can’t Afford Subsidy
Questions on the lips of most Nigerians are why subsidy payments by the Federal government have been shrouded in secrecy,...
Read moreDetailsNNPC To Be Minority Investor In Port Harcourt Refinery
Nigeria’s state-owned oil company plans to become a minority shareholder in its largest refinery after finishing refurbishments on it, according...
Read moreDetailsDevaluation Beckons As Nigeria Adopts Flexible Rate in Foreign-Exchange Policy Overhaul
In a move seen by some analysts as likely third devaluation of the local currency, Naira within 12 months, Nigeria...
Read moreDetailsFitch Affirms Nigeria’s ‘B’ Rating, Stable Outlook, Bemoans High Inflation, Weak Growth
Fitch Ratings has affirmed Nigeria’s long-term foreign-currency Issuer Default Rating (IDR) at ‘B’ and assigned the country a Stable Outlook....
Read moreDetailsOppositions To Rehabilitation Of P/H Refinery Swell As Chairman NGF, Fayemi Says More Information Needed To Justify Action
More oppositions to the proposed rehabilitation of the Port Harcourt refinery by the federal government have continued to swell with...
Read moreDetailsAMCON Takes Possession Of Centage Estate,Trade Center, Others Over N3.5bn Debt
Following the order of Honourable Justice C.J. Aneke of the Federal High Court Lagos Division, the Asset Management Corporation of...
Read moreDetailsCryptocurrency Derivative, Bybit, Adds ADA, Dot, UNI To USDT margined offerings
Cryptocurrency derivatives exchange Bybit has announced today the arrival of three new USDT trading pairs with Cardano’s ADA, Polkadot’s DOT...
Read moreDetailsWTO DG Visits CBN, Counsels Emefiele On Digital Economy, Recession
Dr Ngozi Okonjo-Iweala, the newly appointed Director-General of the World Trade Organization (WTO) on Tuesday paid a visit to the...
Read moreDetailsMore Worries For Consumers As Inflation Rises To 17.33% in February, Highest In 46 Months
More Worries for consumers reeling under low purchasing power, ocassioned by devaluation of the local currency as food prices have...
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