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Category: Economy

Business Economy headline

Why we reduced MPR – Emefiele

Iheanyi Ejiofor March 27, 2019 No Comments headline

Emeka Ejere| The reduction of the benchmark lending rate from 14 per cent to 13.5 per cent by the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN,…

Read More Why we reduced MPR – Emefiele
Economy headline

Importers are Nigeria’s greatest enemies – Agric Minister

Iheanyi Ejiofor March 26, 2019 No Comments Importers are Nigeria’s greatest enemies – Agric Minister

The Minister of Agriculture, Mr Audu Ogbeh, says importers are the greatest wreckers of Nigeria’s efforts to promote patronage of locally produced products. Ogbeh made this known in Abuja on…

Read More Importers are Nigeria’s greatest enemies – Agric Minister
Economy headline

FG committee to harmonise oil, gas revenue

Iheanyi Ejiofor March 26, 2019 No Comments FG committee to harmonise oilgas revenue

The Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all sectors of the economy. Mr Tim Okon, Technical…

Read More FG committee to harmonise oil, gas revenue
Breaking Business Economy headline

UPDATED: CBN MPC reduces interest rate to 13.5%

Iheanyi Ejiofor March 26, 2019 No Comments headline

The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday reduced the monetary policy rate by 50 basis points. With this development, the MPR, which is put…

Read More UPDATED: CBN MPC reduces interest rate to 13.5%
Economy headline

Nigeria needs N10trn infrastructure bond to curb deficit – Fashola

Iheanyi Ejiofor March 25, 2019 No Comments Nigeria needs N10trn infrastructure bond to curb deficit – Fashola

The Minister of  Power, Works and Housing, Mr Babatunde Fashola, has said that N10 trillion infrastructural bond was needed to meet up with infrastructural deficit and advance the course of…

Read More Nigeria needs N10trn infrastructure bond to curb deficit – Fashola

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