CBN holds 294th MPC meeting Monday
The Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes the nation’s economic policies. The...
Business
Cable cut: Telcos pledge 100% voice, data service today
The Association of Licensed Telecommunications Operators of Nigeria has said voice and data services affected by the cut in the undersea fibre optics along the...
Pension funds fall by $6bn over naira depreciation
The value of the pension fund in dollar terms declined by 29 per cent to $14.39bn in January 2024 compared to $20.41bn in December 2023....
Equity market dips 0.40% on sell-offs
The Nigerian exchange declined by 0.40 per cent as investors reacted to the latest Consumer Price Index figures from the country’s statistics bureau. At the...
African ESG bonds hit $4.4bn, says report
The value of international loan securities issued by African entities to raise funds for investments complying with Environmental, Social, and Governance principles has hit $4.4bn...
PH refinery: Marketers eye fuel price reduction, ready to load
The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of...
Naira depreciation pushes Nigeria’s imports to N35tn
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics. A breakdown of...
FG eyes $1bn W’Bank loans for IDPs, agric
The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally...
NICA advocates business-friendly loans for SMEs
The National Institute of Credit Administration has said the availability of loans with low interest rates and flexible repayment terms will boost the profitability of...
Senate warns against supplementary budget, excess loans
The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are...