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Category: Economy

“18,000 capacity stadium to enhance A’Ibom economy and discover talent” –Gov aide

The Special Assistant on Research and Documentation to the Akwa Ibom State Governor, Mr. Nduese Essien, has said the 18,000-seater stadium in Eket Local Government will...

Good news for Bank customers as CBN issues new directive

Following the recent hike of interest rate in Nigeria to 15.5 percent by the Central Bank of Nigeria (CBN), the apex bank has issued a directive to banks to pay 4.65...

Nigerians face harder times as CBN increases interest rate for 3rd consecutive time

The Monetary Policy Committee, MPC, of the CBN increased Monetary Policy Rate, MPR, from 14 per cent to 15.5 per cent on Tuesday to tame inflation. The committee had...

CBN, Security Operatives move to arrest Offenders peddling new naira notes

The Central Bank of Nigeria, alongside other security agencies, has intensified efforts to arrest Nigerians selling new Naira notes. Already Officials of the Department...

Gbajabiamila reveals Buhari’s 2023 budget presentation date

The speaker of the house of representatives, Femi Gbajabiamila, has revealed that President Muhammadu Buhari is expected to present a budget estimate for the year 2023...

CBN Anchor Borrowers Programme Spreads To Ogun commodity farmers

The Central Bank of Nigeria (CBN) has declared its readiness to give more support to members of the Ogun Famers and Commodity Association in its Anchor Borrowers...

Fuel Scarcity: IPMAN embarks on strike

Abuja, Kaduna, Nasarawa, Kogi, Niger and neighbouring states may encounter another round of scarcity of Premium Motor Spirit, popularly called petrol, following the...

Custom CG reacts to NNPC petroleum subsidy payment

Hameed Ali, the comptroller general of Nigerian Customs Services, has faulted the planned payment of N6 trillion as a subsidy on Premium Motor Spirit (PMS) in the 2022...

Debt crisis as Federal Government to borrow money from CBN

The Nigerian government has no plans to stop borrowing from the Central Bank of Nigeria (CBN), as its debts to the bank climbed to N695 billion last month. BusinessDay...

Airlines get $265 million from CBN

The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales. According...