Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rate, from 18.5 percent to 18.75%. Acting CBN Governor, Folashodun Shonubi,…
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Category: Business
How FIRS generated N5.5trn from taxes in six months – ‘highest half-year revenue ever’
The Federal Inland Revenue Service (FIRS) says it generated N5.5 trillion as tax revenue in the first half of 2023. In a statement on Thursday, Johannes Oluwatobi Wojuola, special assistant on…
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Cash transfers to be done via state social registers as NEC decides on palliative measures
Our reporter/ The National Executive Council (NEC) on Thursday agreed on palliative measures for Nigerians following the removal of petrol subsidy and the recent hike in petrol prices. NEC considered…
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Court awards Honeywell N72.2 billion damages against Ecobank
A federal high court sitting in Lagos on Tuesday awarded damages of N72.2 billion to Honeywell Flour Mills (HFMP) Plc in its eight-year legal battles with Ecobank Nigeria. In a…
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Zenith Bank MD Onyeagwu visits Gov Otti
Abia State Governor, Dr. Alex Otti, OFR, on Tuesday, played host to the Managing Director of Zenith Bank, one of Nigeria’s biggest lenders, who came on a courtesy visit. Mr.…
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