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Category: Business

Business Economy Features

Report: Dangote oil refinery could accelerate European sector’s decline

Iheanyi Ejiofor March 27, 2024 No Comments #Dangote refinery

Nigeria’s giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping pressure on European refineries already at…

Read More Report: Dangote oil refinery could accelerate European sector’s decline
Business Economy

Palliatives: Dangote donates 80,000 bags of rice to Lagos residents

Iheanyi Ejiofor March 27, 2024 No Comments #Dangote#palliatives

… Sanwo-Olu says Dangote prioritize Nigerians’ welfare above profit   The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in…

Read More Palliatives: Dangote donates 80,000 bags of rice to Lagos residents
Business Economy headline

Security agencies after firms involved in $2.4bn forex fraud Say – CBN

Iheanyi Ejiofor March 27, 2024 No Comments #CBN#forex fraud#Olayemi Cardoso

Our reporter/ The Central Bank of Nigeria (CBN) has confirmed that security agencies including the Economic and Financial Crimes Commission are investigating the $2.4bn questionable foreign exchange allocations and forward…

Read More Security agencies after firms involved in $2.4bn forex fraud Say – CBN
Business Economy headline

CBN raises interest rate to 24.75 percent

Iheanyi Ejiofor March 26, 2024 No Comments #CBN#Inflation #rate#interest rate

Our reporter/ The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the benchmark interest rate by 200 basis points to 24.75 percent. CBN governor…

Read More CBN raises interest rate to 24.75 percent
Business Economy headline

Binance: CBN says collaboration with SEC, EFCC, NSA positive

Iheanyi Ejiofor March 26, 2024 No Comments #Biance#CBN

Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday said it is the role of the Securities and Exchange Commission (SEC) to regulate cryptocurrency transactions in the country, and…

Read More Binance: CBN says collaboration with SEC, EFCC, NSA positive

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