CBN increases MPR by 50 basis points to 26.75%
The Central Bank of Nigeria (CBN) has implemented yet another increase in its monetary policy rate (MPR), making it the 11th consecutive hike since May 2022. The MPR, which plays…
Dangote: Our Refinery is having repeated orders from abroad …Urges National Assembly to test all available products from Standard laboratory to disclaim NMDPRA’s assertions
L-R: Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko-Dangote; House Leader, House of Representatives, Hon. Julius Ihonvbere; Speaker, House of Representatives, Rt. Hon. Abbas Tajudeen; Deputy Speaker, House…
CBN attributes foreign exchange volatile to demand pressure from corporate entities …Sells US$106.5 million to 29 authrised dealers
By Kayode Ogunwale The recent fluctuations in the foreign exchange market observed by the Central Bank of Nigeria (CBN) have been primarily attributed to increased demand from corporate entities and…
Dangote says Company’s projected $30bn revenue will boost the Naira value
By Kayode Ogunwale L-R: Editor, Blueprint Newspaper, Abdulraheem Abdulrauf; President/CE, Dangote Industries Limited, Aliko Dangote; Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; Arise News Business Editor, Boason…
Nigeria’s headline inflation hits 34.19 percent as food inflation stood at 40.87percent in June
By Kayode Ogunwale The latest inflation report released by the National Bureau of Statistics (NBS) reveals that Nigeria's headline inflation rate experienced another upsurge in June 2024. The inflation rate…
FIRS revitalises Nigeria’s tax system . ..generate N3.94 trillion revenue in Q1 2024
By Kayode Ogunwale L-R: Mrs Dapo Awolowo (Head, Office of the Special Adviser on Media to the Chairman, Federal Inland Revenue Service, FIRS); Mr. Dare Adekanmbi (Special Adviser on Media…
Dangote Refinery capable of solving Nigeria’s forex problems; catalysing economic devt, says S&P Global
By Kayode Ogunwale Associate Director, Sovereign Ratings, S&P Global Rating, Maxmillian McGraw; Senior Analyst, Bank Ratings, Charlotte Masvongo, Vice President of Oil and Gas at Dangote Industries Limited (DIL), Devakumar…
FG Allocates N732bn for Empowerment Projects in 2024 Budget, Higher than Allocations for Health Projects
By Kayode Ogunwale Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, has discovered billion worth of…
Divestments: Indigenous energy companies capable of growing Nigeria’s oil production, says Seplat
Timely approval of deals could advance Nigeria’s energy fortunes, says Roger Brown Abuja, 4 July 2024: Seplat Energy PLC, leading Nigerian independent energy company listed on both the Nigerian Exchange…
Court Grants EFCC Order to Freeze 1146 Suspicious Accounts linked to FX manipulation
EFCC Chairman, Ola-Olukoyede Justice Emeka Nwite of the Federal High Court Abuja, on Wednesday 24, April, 2024 granted the Economic and Financial Crimes Commission, EFCC, an interim order to freeze…