The Manufacturing Purchasing Managers’ Index (PMI) in September stood at 46.9 index points, indicating a contraction in the Nigerian manufacturing sector for the fifth month. This was disclosed by the…
Read More CBN report: Nigerian manufacturing sector contracts for 5th consecutive month
President Muhammadu Buhari is to send a long-awaited oil-reform bill formally to the Senate as early as next week, according to a Reuters report. The legislation has been in the…
Read More Buhari to send oil reform Bill to NASS
TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The…
Read More Tony Elumelu Is One Of Time’s 100 Most Influential People Of 2020
By our reporter| The federal government has approved the sum of $1,9million for the construction of a rail line that will link Nigeria to the Niger Republic. The rail line…
Read More FEC approves $1.9m rail Line to Niger Republic
As the country braces up to an impending recession in the third quarter, the Central Bank of Nigeria on Tuesday cut the Monetary Policy Rate from 12.5 per cent to…
Read More Amid looming recession, CBN reduces monetary policy rate To 11.5%