The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR), at 26.5 per cent, as it assessed easing inflation, exchange…
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Category: Business
IPMAN kicks against issuing licences for petroleum products import
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has kicked against the issuing of licences to some companies for the purpose of importing petroleum products into the country. In a…
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FG, states, LGs shared N2.550 trillion June revenue – FAAC
The Federation Account Allocation Committee (FAAC) has shared N2.550 trillion among the federal government, states and local government councils for the month of June. Bawa Mokwa, the director of press…
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Report – Nigerian stocks overtake South Korea as world’s best performer
Nigerian equities have overtaken the South Korean stock market to emerge as the best-performing stock market in the world in dollar terms this year. The development was buoyed by macroeconomic…
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Oil price calm despite another night of strikes
The oil price has not seen much movement this morning despite a second night of attacks by the US on Iran. On Wednesday, benchmark Brent crude jumped by more than…
Read More Oil price calm despite another night of strikes