The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday voted to keep the monetary policy rate at 13.5%. CBN governor, Godwin Emefiele who made the ddisclosure…
Read More CBN, MPC holds interest rate 13.5%
Category: Economy
250,000bpd pipeline fire threatens Nigeria’s oil exports
The nation’s crude oil exports have suffered a fresh setback following a fire outbreak on the Trans Forcados Pipeline, one of the nation’s key export routes. One of our correspondents…
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Nigeria’s GDP growth slows as oil sector contracts – Report
The National Bureau of Statistics (NBS) on Monday said Nigeria’s economic growth slowed as it recorded a gross domestic product (GDP) of 2.01 per cent in the first quarter of…
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Loan recoveries pushes Ecobank post-tax profit up 10% in Q1 2019
In spite of the tough operating environment, Pan-African lender, Ecobank rode on the back on significant loan recoveries made to grow its bottom-line in the first three months of 2019.…
Read More Loan recoveries pushes Ecobank post-tax profit up 10% in Q1 2019
Governors write Buhari, protests restriction of asses to LG funds by NFIU
The Nigeria Governors’ Forum (NGF) has kicked against the move by the Nigerian Financial Intelligence Unit (NFIU) to restrict the asses of governors in the disbursement of local government funds.…
Read More Governors write Buhari, protests restriction of asses to LG funds by NFIU