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CBN Retains Interest Rate at 27.5%, Cites Easing Inflation and Need for Economic Stability

CBN Retains Interest Rate at 27.5%, Cites Easing Inflation and Need for Economic Stability

by Favour Owonibi | May 21, 2025 | Business/Finance, Economics, NEWS

The Central Bank of Nigeria (CBN) has retained all monetary policy parameters, including the benchmark interest rate at 27.5%, This developmeny came following the Monetary Policy Committee (MPC) meeting held on 19th to 20th of May CBN Governor Olayemi Cardoso...
CBN Governor Cardoso Declares Nigerian Economy Stable, Cites Rising Investor Confidence

CBN Governor Cardoso Declares Nigerian Economy Stable, Cites Rising Investor Confidence

by Favour Owonibi | May 21, 2025 | Business/Finance, Economics, NEWS

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared the Nigerian economy stable, citing improved investor confidence over the past 18 months. Cardoso made the remarks on Tuesday during a press briefing following the 300th Monetary Policy...
Wike Travels to China to Advance ₦50bn Water Project for FCT Satellite Towns

Wike Travels to China to Advance ₦50bn Water Project for FCT Satellite Towns

by Peace Araga | May 2, 2025 | Business/Finance, NEWS, Politics

The Minister of the Federal Capital Territory, Nyesom Wike, has embarked on a trip to China to advance discussions on a major water supply project aimed at improving access to clean water in FCT satellite towns, including Gwagwalada, Kwali, and Kuje. This trip follows...
SEC Warns Influencers, Celebrities Against Promoting Unregistered Investment Schemes

SEC Warns Influencers, Celebrities Against Promoting Unregistered Investment Schemes

by Favour Owonibi | Apr 21, 2025 | Business/Finance, NEWS, Security

The Securities and Exchange Commission (SEC) has warned influencers, bloggers, and celebrities to avoid promoting unregistered investment schemes or risk legal consequences. ‎ ‎In a statement made available to newsmen on Sunday, the warning followed the enactment of...
NNPC CEO Targets $30bn Energy Investment by 2027, $60bn by 2030

NNPC CEO Targets $30bn Energy Investment by 2027, $60bn by 2030

by Araga Peace | Apr 18, 2025 | Business/Finance, NEWS

Bayo Ojulari, the newly appointed Group CEO of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has set an ambitious goal of attracting $30 billion in investments into Nigeria’s energy sector by 2027, with a further target of $60 billion by 2030. This was...
Asian Markets Plunge as Trump’s Tariff Policy Sparks Global Economic Fears

Asian Markets Plunge as Trump’s Tariff Policy Sparks Global Economic Fears

by Favour Owonibi | Apr 7, 2025 | Business/Finance, International, NEWS

Stock markets have plunged in Asia, as President Donald Trump’s tariffs continue to send shockwaves around the world ‎ ‎Japan’s Nikkei 225 has dropped by 6.3%, Hong Kong’s Hang Seng is down 9.8% with Hong-Kong listed shares of UK banks HSBC and...
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