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 […]
Category: Economy
Economy
Oyo State House Approves N10 Billion Loan for World Bank Projects
The Oyo State House of Assembly has approved Governor Seyi Makinde’s request to access a N10 billion loan facility to provide counterpart funding for World […]
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 […]
Naira Appreciates Against Dollar at Official Market
On Wednesday, the Nigerian Naira experienced an appreciation at the official market, trading at N1,459.02 to the dollar. This marks a significant gain of N61.38, […]
Emefiele Denies Allegations of Printing N684 Million in Notes with N18.96 Billion in Court
The Economic and Financial Crimes Commission (EFCC) arraigned former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Wednesday for allegedly approving the […]
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 […]
EFCC: Former Aviation Minister, Brother, and Company Charged with N19.4 Billion Fraud
The Economic and Financial Crimes Commission (EFCC) has filed fresh charges against former Minister of Aviation, Hadi Sirika, his brother, Ahmad Sirika, and their company, […]
Federal Government May Need Supplementary Budget for Minimum Wage Increase
The Federal Government of Nigeria may need to consider a supplementary budget to accommodate the proposed increase in the minimum wage for workers, according to […]
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, […]