Economy
CBN raises interest rate by 25 basis points
4 weeks ago
CBN raises interest rate by 25 basis points
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis…
CBN sells $543m to banks to check market volatility
5 October 2024
CBN sells $543m to banks to check market volatility
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and…
IMF hinges Nigeria’s 3.1% economic growth outlook on stronger reforms
28 August 2024
IMF hinges Nigeria’s 3.1% economic growth outlook on stronger reforms
IMF hinges Nigeria’s 3.1% economic growth outlook on stronger reforms By Rukayat Moisemhe and Aderonke Ojediran The International Monetary Fund…
Nigeria’s inflation rate declines to 33.40% in July- NBS
15 August 2024
Nigeria’s inflation rate declines to 33.40% in July- NBS
Nigeria’s headline inflation rate declined to 33.40 per cent in July, says the National Bureau of Statistics (NBS). This is…
Shell blames oil thieves for leak in Imiringi community, Bayelsa
14 August 2024
Shell blames oil thieves for leak in Imiringi community, Bayelsa
The Shell Petroleum Development Company of Nigeria (SPDC) has said that the reported oil spill from its facility in Imiringi…
Glovo, SPAR partner to enhance Nigeria’s grocery delivery
13 August 2024
Glovo, SPAR partner to enhance Nigeria’s grocery delivery
L-R: Mr Prakash Keswani, Deputy Managing Director of SPAR Market Nigeria, and Mr Kolawole Adeniyi, Head of Commercial Glovo…
CBN mandates BDCs to cap forex profit at 1.5%
18 July 2024
CBN mandates BDCs to cap forex profit at 1.5%
The Central Bank of Nigeria(CBN) on Thursday directed Bureau De Change (BDCs) operators to sell forex at a maximum profit…
Privatisation won’t solve Lagos water problems, group says
27 June 2024
Privatisation won’t solve Lagos water problems, group says
By Seyi Odewale An accountability group, the Corporate Accountability and Public Participation Africa (CAPPA) has slammed the Lagos State government…
GDP not enough to measure economic growth- AfDB
31 May 2024
GDP not enough to measure economic growth- AfDB
Dr Akinwumi Adesina, the President, African Development Bank (AfDB), says an increase in the Gross Domestic Product (GDP) must translate…
CBN continues aggressive tightening, raises lending rate to 26.25%
21 May 2024
CBN continues aggressive tightening, raises lending rate to 26.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline lending rate by…