CBN’s interest rate hike won’t curb inflation, says LCCI
The Lagos Chamber of Commerce and Industry has warned the Central Bank of Nigeria (CBN) to look beyond rate hikes…
CBN clarifies stance on conversion of Naira to Dollar
The Central Bank of Nigeria (CBN) has clarified a statement made by its Governor, Mr. Godwin Emefiele, at Tuesday’s post-Monetary…
FG tasks indigenous oil firms to fill void created by divesting IOCs
The Federal Government has challenged the Indigenous Petroleum Producers Group (IPPG) to take advantage of the ongoing divestments by International…
FG’s debt servicing cost surpasses revenue by N310bn
The cost of servicing debt surpassed the Federal Government’s retained revenue by N310 billion in the first four months of…
Pension fund operators invest N1.99tn through bank placement
Pension funds fixed in bank placements rose by N520.25bn from N1.64tn as of the end of April 2021 to N1.99tn…
BREAKING: FG to spend N6.72trn on subsidy in 2023
The Federal Government has said it will make provision for subsidy in 2023 to the tune of N6.72 trillion. Minister…
NEPC sensitizes MSMEs on export finance options
The Nigerian Export Promotion Council (NEPC) has equipped Micro Small and Medium Enterprises (MSMEs) in export businesses with available finance…
PIA will reduce revenue accruals to Federation Account – RMAFC
The implementation of the Petroleum Industry Act 2021 (PIA) is going to significantly reduce the revenue accruable to the Federation…
Outcry as CBN Raises Interest Rate Again
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday again raised the Monetary Policy Rate from 13…
Nigeria needs 5bn megawatts yearly to bridge electricity deficiency gap – NAEE
Nigeria would need to generate no less than five billion megawatts of electricity each year to address the chronic energy…