Standard Bank, Stanbic IBTC Complete $250m Financing Deal For Aradel Energy
A consortium led by Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and Standard Bank of South Africa has reached financial close on a...
Reduction In Price Of Diesel Will Fight Inflation, Says Dangote
The Chairman of Dangote Group, Alhaji Aliko Dangote, has assured that the slash in diesel price to N1,200 by his refinery below the market...
Lagos Assembly Passes N2.267tn 2024 Budget Into Law
The Lagos State House of Assembly has passed the N2.267 trillion budget for 2024 presented by Governor Babajide Sanwo-Olu last year. The budget, comprising 58...
Reduce Prices Of Items Within One Month, FG Tells Traders
The Federal Competition and Consumer Protection Commission (FCCPC) has given one month moratorium to traders and other market stakeholders involved in exploitative pricing to...
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...
Stay Away From Further Borrowing, DMO Cautions FG
The Debt Management Office, DMO, has warned the Federal Government against additional borrowing, saying 73.5 per cent of revenue generated this year will be...
Rising Cost Of Food Items Pushes 7 Million Persons Into Poverty In Nigeria — World Bank
High inflation driven by soaring food prices has pushed seven million Nigerians into poverty, the World Bank said. In a new report, it commended Nigeria...
CBN Increases Interest Rate To 16.5%
The Monetary Policy Committee of the Central Bank of Nigeria voted Tuesday to increase the benchmark interest rate by 100 basis points to 16.5...
Naira Notes Scarcity: Poultry Farmers Say Members Lost 15m Crates Of Egg Worth N15bn
The Poultry Farmers Association of Nigeria said its members lost more than N30 billion worth of over 15 million crates of eggs due to...
Logistics Issues Responsible For Fuel Scarcity — NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) says logistics issues were responsible for the resurfacing of fuel queues in some parts of the...
