CBN raises CRR of Deposit Money Banks 50%
Sept. 24, 2024 The Central Bank of Nigeria (CBN), has raised the Cash Reserve Ratio (CRR) of Deposit Money Banks by 500 basis points to 50 per cent from 45.00…
Lifting petrol from Dangote refinery will moderate FX pressure – Cardoso
Sept. 24, 2024 The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says lifting of petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures. Cardoso…
CBN further increases interest rate by 50 basis to 27.25%
Sept. 24, 2024 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points to 27.25 per…
25, 847 metres installed under NMMP framework in 2023 -NERC report
Sept 24, 2024 The Nigerian Electricity Regulatory Commission (NERC) says 25,847 metres were installed under the National Mass Metering Programme (NMMP) framework in 2023. The commission said this on its…
UNGA: FG says US to invest $320m in mortgage refinancing, SMEs in Nigeria
Sept. 24, 2024 The United States Chamber of Commerce has expressed its willingness to invest about 320 million dollars in mortgage refinancing and Small and Medium Enterprises (SMEs) in Nigeria….
Economy: FG approves economic stabilsation bill for transmission to NASS
Sept. 24, 2024 Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, on Monday, said the Federal Executive Council (FEC) approved an economic stabilisation bill to be…
NOVA Bank appoints new Executive Directors
NOVA Bank has announced the appointment of David Isiavwe as Executive Director, Operations and Information Technology, and Chinwe Iloghalu as Executive Director, Institutional and Commercial Banking. These appointments…
NNPCL, Delta, NLNG, FIRS, Lagos, JAMB, T-Pumpy, others partner GOCOP for 2024 conference
More partners have lined up for the eighth annual conference of the Guild of Corporate Online Publishers (GOCOP) with the Nigerian National Petroleum Company Limited (NNPCL), Delta State, Nigeria LNG…
Bloomberg’s report on Nigeria’s Savings Bond payments inaccurate – Presidency
Bloomberg’s recent report titled “Nigeria Says ‘System Issues’ Delaying Coupon Payment on Savings Bond” is inaccurate. According to Nigeria’s Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun,…
FG signs MoU with Russian firm to complete Ajaokuta steel coy
Sept. 20, 2024 The Federal Government has signed a Memorandum of Understanding (MoU) with the Russian firm, Tyazhpromexport (TPE), the original builders of the Ajaokuta Steel Plant, and members of…