The Central Bank of Nigeria (CBN) hiked the benchmark interest rate from 13.5 percent to 14 percent at its most recent Monetary Policy Committee (MPC)…
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Category: Business
Okonjo Iweala Hosts Peter Obi In Switzerland.
The presidential candidate of Labour Party (LP) in the 2023 elections, Peter Obi, met with Dr Ngozi Okonjo-Iweala on Wednesday in Switzerland. Obi visited Okonjo-Iweala…
View More Okonjo Iweala Hosts Peter Obi In Switzerland.
World Bank Ready to Help Nigeria phase out fuel subsidies
The President of the World Bank Group, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies…
View More World Bank Ready to Help Nigeria phase out fuel subsidies
700 Flights To Be Cancelled Today As Lufthansa Pilot Begins Strike Today.
Lufthansa, Germany’s flagship carrier has announced the cancellation of all passenger and cargo flights due to the proposed industrial action by pilots. In July, some…
View More 700 Flights To Be Cancelled Today As Lufthansa Pilot Begins Strike Today.
Breaking: FG, US Sign Agreement For Return Of Fresh $23.4 Abacha Loot.
The Federal Government, on Tuesday, signed a fresh agreement with the Government of the United States of America, USA, for the repatriation of a total…
View More Breaking: FG, US Sign Agreement For Return Of Fresh $23.4 Abacha Loot.
China Cancels Debt of 17 African Nations.
China, the world’s second-largest economy and the largest government lender to growing economies announced plans to cancel 23 interest-free loans for 17 African countries. China,…
View More China Cancels Debt of 17 African Nations.
JUST IN: Emirates Suspends Air Flights To Nigeria
There are hints that Emirates Airlines’ decision to suspend all flights into and out of Nigeria may have been motivated by its inability to return…
View More JUST IN: Emirates Suspends Air Flights To Nigeria
N6.7 Billion Fuel Subsidy Payment Missing – CBN
CBN Governor, Godwin Emefiele, made the disclosure yesterday during a hearing of the House of Representatives special ad-hoc committee on the petroleum products subsidy regime…
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CBN to sell Polaris Bank for N40 billion to Auwal Gombe, IBB’s in-law.
Godwin Emefiele and other wheeler-dealers could squeeze more for Nigerians by advertising the Polaris bank rather than a secret sale that would benefit only those…
View More CBN to sell Polaris Bank for N40 billion to Auwal Gombe, IBB’s in-law.
Reaction As Naira Gains In Market, See The New Price
Normalcy seems to be returning to the unofficial segment of the foreign exchange (forex) market in Nigeria because the Naira is trading stronger against the…
View More Reaction As Naira Gains In Market, See The New Price