Ebun Francis| The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate, which determines interest rate, at 14%, for the 15th consecutive…
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Category: Economy
BREAKING: NLC rejects N27,000 minimum wage
The Nigeria Labour Congress has rejected the N27,000 new national minimum wage adopted by the National Council of States on Tuesday. The NLC Secretary-General, Dr. Peter Ozo-Eson, made this known…
Read More BREAKING: NLC rejects N27,000 minimum wageOil prices drop as China economic slowdown threatens to spread
Oil prices fell on Tuesday over signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. The gloomy…
Read More Oil prices drop as China economic slowdown threatens to spread
Dollar near 3-week high after IMF cuts growth forecasts
The dollar held at a near three-week high on Tuesday as investors sought the relative safety of the U.S. currency after the International Monetary Fund cut its forecasts for the…
Read More Dollar near 3-week high after IMF cuts growth forecasts
LCCI urges World Bank to review ease of doing business indicators
The Lagos Chamber of Commerce and Industry (LCCI) says the World Bank needs to review the indicators for composition of the Ease of Doing Business Index to reflect the reality…
Read More LCCI urges World Bank to review ease of doing business indicators