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 President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, yesterday said the company would increase its revenue base from $4 billion to $30 billion by 2021.
Dangote disclosed this when the Minister of Finance, Budget and National Planning, Zainab Ahmed, paid a working visit to the Dangote Refinery, Petrochemicals...
The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments but refused to remit such to their respective Pension Fund Administrators between July and September.
It disclosed this in its third-quarter report entitled ‘Update on the recovery of outstanding pension...
The Dangote Petroleum Refinery in a ground breaking move announced a drastic reduction in diesel prices, plummeting from N1200 to N1000 per litre. This comes after the refinery had already slashed prices from N1600 to N1200 just three weeks ago, marking a significant 30% decrease in market rates.
The refinery's...
President Bola Tinubu emphasized Nigeria's commitment to fighting corruption and fostering a conducive business environment during the Nigeria-Qatar Business and Investment Forum in Doha. He urged Qatari investors to report any instances of bribery by Nigerian government officials and assured them of decisive action against corruption.
President Tinubu reiterated his...
The Tony Elumelu Foundation (TEF), in collaboration with United Nation Development Programme (UNDP) has released the names of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme.
A statement explained that the programme targets small business owners in rural communities across the seven Sahel countries of Africa – Nigeria,...
United Bank for Africa (UBA) Plc on Monday awarded millions of Naira as education grants to winners of its annual national essay competition.
A 14 year-old student of Louisville Girls High School, Ogun State, Miss Oluwatoroti Jolaosho emerged the overall winner of the 2019 edition of the UBA Foundation National...
Huawei Technologies Company Nigeria Limited has assured that it would provide advanced and innovative support to MTN Nigeria following the trial roll-out of 5G network technology in Nigeria.
In a statement in Abuja, Managing Director of Huawei Technologies Company, Mr. Zhang Lulu, stated the company would keep supporting MTN through...
Despite the directive of the Central Bank of Nigeria to merchants to stop the deduction of additional N50 on Point of Sales transactions, some outlets have yet to comply with the directive.
Our correspondent who monitored the rate of compliance with the directive observed that many of the filling stations...
President, Dangote Group, Alhaji Aliko Dangote, said close to $500m have been expended on the Dangote Sugar Refinery in Tunga, Nasarawa State, with the project when completed, expected to generate 90 megawatts of power, as well as provide direct employment for thousands.
Alhaji Dangote disclosed this when he led the...
