Category: Economy

Experts’ Caution Against Interest Rate Benchmark At 18%
March 22, 2023 No Responses

Experts’ Caution Against Interest Rate Benchmark At 18%

A financial expert, Dr Tunde Adeoye, says increasing Monetary Policy Rate (MPR) from 17.5 per cent to 18 per cent by Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) can lead to a prolonged downturn in economic activities....
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Poultry Association Laments Rising Cost Of Eggs
March 14, 2023 No Responses

Poultry Association Laments Rising Cost Of Eggs

The Poultry Association of Nigeria (PAN) has blamed the hike in the price of eggs on cash scarcity and the rising cost of raw materials. The News Agency of Nigeria (NAN) reports that the cost of a crate of eggs...
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DMO Re-Opens Auction For N360b FGN Bonds
March 14, 2023 No Responses

DMO Re-Opens Auction For N360b FGN Bonds

The Debt Management Office (DMO) on Tuesday offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction. According to the DMO, the first offer is a February 2028 FGN Bond valued at N90 billion...
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Okomu Oil Empowers Women  On Waste To Wealth Initiatives   
March 14, 2023 No Responses

Okomu Oil Empowers Women  On Waste To Wealth Initiatives   

Okomu Oil Palm Plc has empowered not less than 70 women on how to turn waste to wealth as part of activities to mark the 2023 International Women’s Day. According to Okomu Oil Palm Plc, the two day skills acquisition...
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FG Takes Over Yobe Cargo Airport
March 14, 2023 No Responses

FG Takes Over Yobe Cargo Airport

The Federal Government has taken over the recently inaugurated Muhammadu Buhari International Cargo Airport, Damaturu, Gov. Mai Mala Buni of Yobe, disclosed on Monday. Speaking at the launch of a book titled: “Gov. Buni’s 1,500 projects” authored by Alha...
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Naira Loses Further To Dollar
March 14, 2023 No Responses

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...
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Shareholders Hold Investors Summit Thursday
March 14, 2023 No Responses

Shareholders Hold Investors Summit Thursday

All is now set for the 2023 Investors’ Summit organized by members of the Proactive Shareholders Association of Nigeria (PROSAN). Under the chairmanship of former chairman, NAHCO AVIANCE, Alhaji Sulaiman Yahyah, the event is scheduled to hold on Thursday, Ma...
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CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes
March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...
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Winners Emerge In Ecobank Supper Reward Campaign 
February 22, 2023 No Responses

Winners Emerge In Ecobank Supper Reward Campaign 

Ecobank Nigeria Limited, a subsidiary of Ecobank Transnational Incorporated (ETI), has rewarded four customers, being winners in the Super Rewards deposit promo with N1 million each.   The Super Rewards Campaign is a customer-focused initiative ...
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<strong>Court Sets Aside Execution On Stallion </strong>
February 22, 2023 No Responses

Court Sets Aside Execution On Stallion 

The Federal high court in Lagos has set aside a purported execution carried out by Guaranty Trust Bank  (GTB)Plc against Stallion Nigeria Limited over alleged N13 billion judgement debt.  Justice Ambrose Lewis Alagoa  in a ruling deliv...
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Edo Disburses N703m To 1,681 MSMEs 
February 19, 2023 No Responses

Edo Disburses N703m To 1,681 MSMEs 

The Edo State Government has disbursed  N703,678,950 to 1,681 Micro Small and Medium Enterprises (MSMEs) in the state under the Edo MSME Fund scheme.  Project Manager, Edo State MSME Fund, Joseph Ojoboh, who disclosed this in...
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Buhari’s Speech on Currency Swap  
February 16, 2023 No Responses

Buhari’s Speech on Currency Swap  

My Dear Compatriots,   I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...
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FEC Approves $53.1m For Electricity Conductors
February 16, 2023 No Responses

FEC Approves $53.1m For Electricity Conductors

The Federal Executive Council (FEC) has approved $53.1 million and N2.1billion as local component for the procurement and installation of electricity conductors to boost power supply across the country.   Minister of Power, Abubakar Aliyu, made this known...
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Fishermen Lament Cash Crunch, Fuel Scarcity
February 15, 2023 No Responses

Fishermen Lament Cash Crunch, Fuel Scarcity

Artisanal fishermen operating along the Atlantic coastline in Niger Delta on Tuesday lamented the hardships they had been facing as Central Bank of Nigeria (CBN) cashless policy cripple their vocation.  Niger Delta Coordinator, Artisanal Fishermen Associa...
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