A financial expert, Uche Uwaleke, says it is an “overkill’’ to increase the country’s Monetary Policy Rate (MPR) to 22.75 per cent from 18.75 per cent. Mr Uwaleke, a professor…
Read More CBN increasing MPR by 400 basis points is overkill; will hurt banks, real sector, experts warn
The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its role in the divestment of the…
Read More IOC’s Divestment: We facilitate, not hinder process – NNPC Ltd
Our reporter/The Nigeria Labour Congress (NLC), on Tuesday night, suspended its two-day protest all over the country. In a statement at the end of its National Executive Council meeting, the…
Read More NLC suspends protest, extends ultimatum to FG
-CBN increases interest rate to 22.75% Our reporter/ The governor of the central bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday distanced himself and his economic team from the current…
Read More I’m not responsible for Nigeria’s economic woes, says Cardoso
Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday commenced sale of dollars to Bureax De Change (BDC). According to a statement by the apex bank’s director, trade and…
Read More CBN resumes sale of dollars to BDCs