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Category: Economy

Business Economy

Ibom deepsea port host community lauds FG, A’Ibom for selection, sues for peace

Iheanyi Ejiofor June 1, 2021 No Comments #Akwa Ibom #Deepsea #Ibeno

Chidi Tony| Stakeholders and leaders of Ibeno local government area of Akwa Ibom state have expressed deep-seated gratitude to the federal and Akwa Ibom state governments for their selection as…

Read More Ibom deepsea port host community lauds FG, A’Ibom for selection, sues for peace
Business Economy

Fidelity bank celebrates children’s day

Iheanyi Ejiofor May 31, 2021 No Comments #Fidelity bank #Childrens day #Nneka Onyeali Ikpe

Fidelity Bank remains committed to putting smiles on its customers’ faces by enriching their lives through its ongoing savings loyalty program. To mark this year’s Children’s Day, the bank doled…

Read More Fidelity bank celebrates children’s day
Business Economy headline

CBN retains benchmark interest rate at 11.5%

Iheanyi Ejiofor May 25, 2021 No Comments CBN retains benchmark interest rate at 11.5%#

The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday voted to retain the monetary policy rate at 11.5 percent. The committee also retained the liquidity ratio…

Read More CBN retains benchmark interest rate at 11.5%
Business Economy headline

CBN devalues Naira, adopts Nafex rate

Iheanyi Ejiofor May 25, 2021 No Comments adopts Nafex rate#CBN devalues Naira

The Central Bank of Nigeria has officially adopted the Nafex rate as the government’s official exchange rate for the naira, effectively devaluing the currency by 7.6 per cent. The bank…

Read More CBN devalues Naira, adopts Nafex rate
Business Economy headline

Nigeria’s economy records 0.51% growth in Q1 2021

Iheanyi Ejiofor May 23, 2021 No Comments #NBS#Nigeria’s economy records 0.51% growth in Q1 2021

By our reporter| Nigeria’s Gross Domestic Product (GDP) in quarter 1 of 2021, recorded a growth of 0.51 per cent (year-on-year) in real terms. The National Bureau of Statistics (NBS)…

Read More Nigeria’s economy records 0.51% growth in Q1 2021

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