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The Central Bank of Nigeria’s first interest rate decision since Godwin Emefiele’s removal as governor will be a litmus test of its inflation-fighting mettle and independence after President Bola Tinubu said borrowing costs should be lowered. The investment community will be looking closely to assess any changes in the credibility of the institution” and for |
ABUJA, July 25 - Nigeria's central bank raised its main lending rate by a smaller-than-expected 25 basis points (NGCBIR=ECI) on Tuesday, saying it preferred a moderate increase to anchor inflation expectations while continuing to support investment. The decision to raise the bank's Monetary Policy Rate to 18.75% is the first since President Bola Tinubu suspended |
If Congress wins in Chhattisgarh, Bhupesh Baghel will be 'first in line' for CM post: T.S. Singhdeo thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Madhya Pradesh Assembly polls | For BJP, 'Laadli Behena' scheme could hold the key to victory thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Abuja, July 21, 2023 The House of Representatives says it will explore diplomatic and political solutions in resolving the plight of citizens in Danare and Biajua communities, ceded to Cameroon. The communities were ceded to Cameroon via a judgment by the International Court of Justice (ICJ) between Nigeria and neighbouring Cameroon but bent on remaining |
Awka, July 20, 2023 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the hike in the price of products due to abrupt removal of subsidy was threatening the survival of their businesses. Mr Chinedu Anyaso, Chairman of IPMAN Enugu Depot Community said average sales had dropped by about 50 percent from May |
Previously the NNPC was the sole importer of gasoline, using crude swap contracts, but now 56 private firms have been licensed to import gasoline, with 10 of them approved to supply products in the third quarter of 2023. Nigeria has three oil refineries but none of them is operationa With Nigeria still dependent on fuel |
NIGERIA’s rig count, an index of measuring activities in the upstream sector of the petroleum industry rose, year-on-year, YoY, by 27.3 per cent to 14 in June 2023, from 11 in the corresponding period of 2022. Also, on month-on-month, MoM, the nation’s rig count rose by 7.7 per cent to 14 in June 2023, from |
By Emmanuella Anokam Moscow, July 18, 2023 Some energy experts and journalists from different African countries have arrived in Moscow, Russia to participate in a tour of facilities of Gazprom, the Russian energy company. Naija247news reports that the press tour for African journalists and experts, scheduled to hold from July 18 to July 25, 2023, |
ABUJA, July 2023 - Nigeria's naira traded at a record low of 860 per dollar on the black market on Thursday, according to traders, weakening below its official rate a month after the country devalued the currency and ahead of a central bank policy meeting next week. The bank last month allowed the naira to |