CBN continues rates tightening, raises interest rate to 26.75%
July 23, 2024 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the country’s baseline interest rate by another 50 basis points to 26.75…
Dangote’s new level battle, by Pius Mordi
For a man touted to enjoy serial support and concessions from whatever government in power for his business ventures, the statement credited to Farouk Ahmed, chief executive of Nigerian Midstream…
AfDB invests $10.9 bn in Nigeria, largest shareholder – D-G
The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the bank’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars. Barrow said this at the…
How APC underdeveloped Nigeria in 9 years – Peter Obi
The Labour Party Presidential Candidate in the 2023 poll, Peter Obi has taken a hard look at the Nigeria economy in the last nine years of APC administration and…
Reflections on CBN’s remedial policies, by Arize Nwobu
The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso and his team assumed office at a critical time when there was a crisis of confidence in CBN and the economy…
Reps to sanction Shell, Agip, others over alleged $60bn inflated cash calls
The House of Representatives has threatened to sanction agencies and companies that failed to appear before the committee in the probe of loss of $60 billion by the federal…
Dangote refinery in talks with Libya to secure oil
July 21, 2024 Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior…
Dangote: Our products are standard; dismisses NMDPRA CEO’s claim
Alhaji Aliko Dangote, President of Dangote Petrochemicals and Refinery, has dismissed claims by the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Farouk Ahmed, that…
Global tech outage disrupts airlines, banks, healthcare, public transit operations
A major technology outage grounded flights, hampered public transit systems and disrupted operations at banks and hospitals around the globe Friday in an incident a cybersecurity firm blamed on a…
TD Africa partners Cisco on tech-skills development in Africa
In its continuous drive to bridge the widening skills gap in Africa’s technology sector, TD Africa, Africa’s largest technology distribution company, has partnered with Cisco on its month-long inaugural training…