Business, Finance & Economics

26 — 11

rashyman

UPDATED: CBN Hikes Interest Rate To 27.5%, Cites Surging Inflation

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per cent as part of efforts to combat surging inflation. This followed the meeting of the Monetary Policy Committee (MPC) of the Central Bank…

Business Business, Finance & Economics News 26 — 11

rashyman

UPDATED: At last, Port Harcourt refinery begins production

After several postponements, the Port Harcourt refinery has finally commenced fuel production. The Nigerian National Petroleum Company Limited confirmed this to our correspondent on Tuesday. NNPC spokesperson, Olufemi Soneye, said the loading of trucks would start today. “Port Harcourt Refinery begins production. Truck…

Business, Finance & Economics News 11 — 11

rashyman

BREAKING: MC Oluomo assumes office as NURTW National President

Following his emergence as the National President of the National Union of Road Transport Union (NURTW), Alhaji Musiliu Akinsanya (aka MC Oluomo) has been sworn in at the union’s national secretariat in Abuja. Akinsanya emerged through consensus during the Quadrennial Delegate Conference at…

Business Business, Finance & Economics 30 — 07

rashyman

Hundreds Of Dollars Laundered Out Of Nigeria Every Hour — Interpol

The International Police Organisation’s investigation has shown that every hour, hundreds of thousands of dollars are being laundered out of Nigeria across the world. This disclosure was made in Abuja on Monday by the Interpol Vice President for Africa, Garba Umar, while declaring…

Business, Finance & Economics News 23 — 07

rashyman

Hunger protests: NLC warns against clampdown

The Nigeria Labour Congress, on Monday, issued a warning against any attempts to suppress Nigerians’ fundamental right to express their views, particularly in the light of the planned nationwide protests. The NLC instead called on the government to engage the protesters constructively, rather…

Business, Finance & Economics News 23 — 07

rashyman

JUST IN: Tinubu Sends ₦70,000 Minimum Wage Bill To NASS

President Bola Tinubu on Tuesday transmitted a national minimum wage bill to the House of Representatives in the National Assembly for consideration and passage. The President and the leadership of the Organised Labour had last Thursday agreed on ₦70,000 as the new minimum wage for…

Business Business, Finance & Economics News 17 — 07

rashyman

FG, States, LGs Share ₦1.35trn In June 2024

A total sum of N1.354 trillion June 2024 federation accounts revenue has been shared with the Federal Government, states, and local government councils in the country. The revenue was shared at the July 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held…

Business Business, Finance & Economics News 8 — 07

rashyman

World Bank: Country Director For Nigeria, Diop Assumes Office

The World Bank’s newly appointed Country Director for Nigeria, Dr. Ndiamé Diop, has assumed his new position today. He is succeeding Shubham Chaudhuri who completed his term in the same capacity. Before his assignment to Abuja, Dr. Diop served as the World Bank…

Business Business, Finance & Economics News 20 — 06

rashyman

India Fines Binance $2.25m Amid Ongoing Trial In Nigeria

Binance has been hit with a fine of 188.2 million rupees ($2.25 million) by India’s Financial Intelligence Unit (FIU), as the crypto exchange firm battles for its reputation in an ongoing court trial in Nigeria. In India, virtual digital asset service providers like…

Business Business, Finance & Economics News 20 — 06

rashyman

Customs Grow Revenue By ₦1.9trn, Partner CBN On Stable Imports FX Rate

The Nigeria Customs Service (NCS) said its revenue grew by ₦1.9trn in the past year, and that it has started working with the Central Bank of Nigeria (CBN), to achieve a stable exchange rate for imports. A breakdown of its revenue in the…

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