The Monetary Policy Committee of the Central Bank of Nigeria has reduced the Monetary Policy Rate, also known as main interest rate, to 12.5 per cent from 13.5 per cent.
The CBN Governor, Mr Godwin Emefiele, disclosed this while announcing the decision of the MPC at its meeting on Thursday.
He...
The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the...
The Minister of Information and Culture, Alhaji Lai Mohammed, has said BUA Cement's massive increase in production, especially since 2015, was made possible by the conducive business environment provided by the Federal Government.
The Minister, who stated this during a media tour of BUA Cement's Sokoto Plant on Wednesday, listed...
Flutterwave, Africa’s premier payments technology firm, has clinched the top spot in Fast Company’s Most Innovative Company for Europe, Middle East, and Africa 2024, joining the ranks of industry giants like Nvidia, Open AI, and YouTube.
This year’s list spotlights companies shaping industries and cultures with their innovations, setting new...
Union Bank of Nigeria (UBN) Plc on Thursday announced a dividend recommendation of about N7.3 billion for the 2019 business year, its first dividend payment in 11 years. Shareholders will receive a dividend per share of 25 kobo.
The dividend was a major highlight of considerable improvements in the commercial...
FirstBank of Nigeria has appointed Aishatu Bubaram as group executive, Commercial Banking North Division, making her the first female from Northern Nigeria to attain an executive management position in the bank.
Prior to her appointment, she was the group head, Commercial Banking North, a position she assumed in 2016 following...
In a milestone celebration, Jimpo Ori, a leading producer of refined shea butter, marks its 10th anniversary with pride and gratitude. Since its inception, the company has been dedicated to delivering premium-quality shea butter products to consumers worldwide, contributing to the empowerment of local communities and the sustainable development...
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.
The World Bank, in a new report, titled ‘Nigeria in times of COVID-19: Laying foundations for a...
Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board.
Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources.
The memo quoted BUA chairman as saying...
