Lagos State has successfully attracted over N50 billion in investments through Foreign Direct Investment (FDI) and Domestic Direct Investment (DDD) in the past year, according […]
Category: Business
Business
CBN Raises Interest Rates to 26.25% Amid Rising Inflation
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR) from 24.75 percent to 26.25 percent. This decision, announced […]
NNPC CEO Highlights Gas Sector’s Role in Revenue Generation
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), emphasized the pivotal role of the country’s gas sector […]
OPEC: Nigeria’s Oil Output Rises to 1.28 Million Barrels per Day in April 2024
The Organisation of Petroleum Exporting Countries (OPEC) disclosed that Nigeria’s oil output, excluding condensate, increased by 4 per cent to 1.28 million barrels per day […]
Minister of Marine and Blue Economy Highlights Nigeria’s Fishing Industry Potential to Surpass Oil Sector
The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has emphasized the significant potential of Nigeria’s fishing industry, suggesting that it could rival the […]
CBN Governor Signals Commitment to High Interest Rates to Tackle Inflation
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank will maintain high interest rates until inflation eases, […]
EFCC Bans Foreign Missions from Transacting in Foreign Currencies
The Economic and Financial Crimes Commission (EFCC) has issued a directive prohibiting foreign missions based in Nigeria from conducting transactions in foreign currencies, mandating the […]
U.S. Government Lauds Nigeria’s Monetary Policies, Commits to Partnership for Economic Growth
The United States government has praised Nigeria’s monetary policies, acknowledging their role in creating a conducive environment for businesses to thrive and in strengthening and […]
FBN Holdings Announces New Chairman for First Bank of Nigeria Ltd.
FBN Holdings Plc has announced the departure of Mr. Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following the completion of […]
Presidency Denies Microsoft Office Shutdown in Nigeria
Recent reports alleging that Microsoft is closing its Nigerian office have been refuted by the presidency. The news, which circulated widely online, claimed that Microsoft […]