Ebun Francis| The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate, which determines interest rate, at 14%, for the 15th consecutive…
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Category: Business
Dangote, Adenuga are Africa’s richest men, says Forbes
Aliko Dangote, the President of the Dangote Group, and the Chairman of Globacom, Dr. Mike Adenuga, top Forbes’ Africa Billionaires List released on Wednesday. Arica’s richest man, Dangote, however, saw…
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Bismarc Rewane to head Buhari’s minimum wage advisory committee
Ebun Francis| President Muhammadu Buhari on Wednesday named Bismarck Rewane, chief executive of Financial Derivative to head the minimum wage technical advisory committee. The President while inaugurating the committee shortly…
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CBN continues intervention in Forex market
The Central Bank of Nigeria (CBN) has continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another sum of $210 million into the forex market.…
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UN Report: Oil-related crimes in 2018 cost Nigeria $2.8bn in revenue
The United Nations says Nigeria lost an estimated $2.8 billion in revenue in 2018, mainly due to oil-related crimes. This is according to a new report by the secretary-general on…
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