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BREAKING: CBN MPC raises lending rate to 13%

BREAKING: CBN MPC raises lending rate to 13%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised interest rate to 13 percent. Godwin Emefiele, governor of the Central...
Telecom providers kick against FG’s move to impose new tax on GSM phone calls

Telecom providers kick against FG’s move to impose new tax on GSM phone calls

Telecom service providers in the country have kicked against the newly proposed tax on phone calls by the federal government.The government had imposed a...
Nigeria's external reserves dip $216.85m amid inflationary pressures

Nigeria’s external reserves dip $216.85m amid inflationary pressures

Agency reportNigeria’s external reserves dropped by $216.85 million within four days, buckling under the heightening inflationary pressure.This is according to the latest data...
NSIA posts N100bn income for 2021

NSIA posts N100bn income for 2021

Nigerian Sovereign Investment Authority (NSIA) has closed the 2021 financial year with a core income of N100.8 billion in 2021, down 8.0 per cent...
Zinox on Jumia acquisition: It may happen in the future, but no concrete plans yet

Zinox on Jumia acquisition: It may happen in the future, but no concrete plans...

Indigenous tech giant, Zinox Group, has said has no immediate concrete plans to acquire Jumia, an e-commerce startup, but that the acquisition may happen...
Heirs Oil & Gas doubles gas production capacity of OML 17

Heirs Oil & Gas doubles gas production capacity of OML 17

Heirs Oil & Gas, Africa’s integrated energy company says it has doubled gas production capacity of its OML 17 facility.This is just as reaffirmed...
Kaduna airport resumes flight operations two months after terrorists attack

Kaduna airport resumes flight operations two months after terrorists attack

The Kaduna International Airport has resumed flight operations two months after shutting down over an attack by gunmen.The airport was shut down in after...
Nigeria's net foreign exchange inflow drops 62%

Nigeria’s net foreign exchange inflow drops 62%

Net foreign exchange inflow into the Nigerian economy dropped 62 per cent year on year to $950 million in January 2022 from $2.5 billion...
IPMAN, EFCC to work against oil theft in Niger Delta

IPMAN, EFCC to work against oil theft in Niger Delta

Adebayo ObajemuThe Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached out for support and intervention of the Economic and Financial Crimes Commission (EFCC),...
'I'm being held hostage by EFCC' - Okorocha cries out

‘I’m being held hostage by EFCC’ – Okorocha cries out

Former governor of Imo State, Rochas Okorocha, has said he is being held hostage by officials of the Economic and Financial Crimes Commission...