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Category: Economy

Business Economy headline

CBN raises interest rate to 26.75%

Iheanyi Ejiofor July 23, 2024 No Comments #Cardoso#CBN#inflation#interest rate#soaring prices

Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring…

Read More CBN raises interest rate to 26.75%
Business Economy headline

Kyari challenges Dangote to name NNPC officials who own blending plant in Malta

Iheanyi Ejiofor July 23, 2024 No Comments #Blending plant#Dangote#Malta#NNPCMele Kyari

The Group Chief Executive Officer of NNPCL, Mele Kyari, on Tuesday denied owning a blending plant in Malta, adding that he does not know of any employee of the oil…

Read More Kyari challenges Dangote to name NNPC officials who own blending plant in Malta
Business Economy headline

‘People in NNPC don’t want subsidy scam to end’- Emir Sanusi

Iheanyi Ejiofor July 22, 2024 No Comments #Aliko Dangote#Dangote refinery#Muhammadu Sanusi II#NNPC#Subsidy scam

Our reporter/ The reinstated Emir of Kano, Muhammadu Sanusi II, on Monday said the people in NNPC do not want to end their lucrative subsidy scam, and will not end…

Read More ‘People in NNPC don’t want subsidy scam to end’- Emir Sanusi
Business Economy headline

Tinubu’s govt ignores Dangote Refinery export crude oil to Indonesia

Iheanyi Ejiofor July 22, 2024 No Comments #Dangote refinery

The Tinubu government neglected Dangote Refinery to export crude oil to Indonesia and import finished products from the same country, Rabiu Umar, the Group Chief Commercial Officer at Dangote Industries…

Read More Tinubu’s govt ignores Dangote Refinery export crude oil to Indonesia
Business Economy headline

AEDC announces leadership changes; appoints Chijoke Okwuokenye as MD/CEO

Iheanyi Ejiofor July 22, 2024 No Comments #AEDC

Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the acting Managing Director, with immediate effect. This appointment, which is part of the transformation agenda…

Read More AEDC announces leadership changes; appoints Chijoke Okwuokenye as MD/CEO

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