BUSINESS
CBN Raises Interest Rate To 27.65%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased the benchmark lending rate to 27.65 percent. The hike in the Monetary...
Please Don’t Legalise Cannabis, Chairman NDLEA Buba Marwa Begs
The recent push by some stakeholders for legalisation of cannabis in Nigeria will rob the country of the gains so far made in the...
FG Begins Payment To Contractors After Year-Long Delay
The Federal Government has commenced payment to contractors handling projects across its ministries, departments, and agencies (MDAs) after over a year of suspended disbursements. Spokesperson...
Buhari Against Fuel Subsidy Removal – Sylva
The Minister of State for Petroleum, Timipre Sylva, says President Muhammadu Buhari is not in support of the removal of subsidy on the Premium...
NCAA Suspends Azman Air For Failing To Renew Licence
The Nigerian Civil Aviation Authority (NCAA) has suspended Azman Air over the carrier’s inability to renew its Air Operators Certificate (AOC). It was also learnt...
Power Supply In Ekiti Worsening, Gov. Fayemi Decries
Ekiti State Governor, Kayode Fayemi, has decried worsening electricity supply in the state, calling for urgent action. Speaking during a groundbreaking programme of transmission infrastructure...
Only A Budget Size Of N7trn Can Tackle Lagos Infrastructural Needs — Sanwo-Olu
The governor of Lagos State, Babajide Sanwo-Olu, says the state requires about a N7 trillion budget size to meet up with infrastructural and basic...
International Oil Companies Plotting Failure Of Our Refinery, Dangote Alleges
The Vice President, Oil and Gas, at Dangote Industries Limited, Devakumar Edwin, has accused International Oil Companies, IOCs, in Nigeria of doing everything to...
Presidency Refutes Reports Of Finance Minister’s N105,000 Minimum Wage Proposal
The presidency on Thursday, June 6, dispelled rumours surrounding an alleged proposal by the minister of finance and coordinating minister of the economy, Wale...
We’re Working Hard To Ensure Free Fall Of Naira Stops, Emefiele Vows
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in...
