The Central Bank of Nigeria on Tuesday raised the interest rate from 11.5 per cent to 13 per cent, the first increase in about five years. However, it retained the asymmetric corridor around the MPR at...
The Federal Government says the National Theatre in Iganmu, Lagos, which is under renovation, will be known as Lagos Creative and Entertainment Center, upon completion. The Minister of Information and Culture, Lai Mohammed, disclosed this on...
The Central Bank of Nigeria (CBN) says it will begin the payment of N65 forex rebate to exporters who sold their goods through the importers and exporters (I&E) window at the end of the first...
The Central Bank of Nigeria (CBN) says it has signed the term sheet with the Infrastructure Corporation of Nigeria (InfraCorp) and four independent asset managers to develop infrastructure. The signing took place on Friday at CBN’s...
Considering Nigeria’s rising profile in fertiliser production from the implementation of the right policies by his administration, with over 70 blending plants in operation, President Muhammadu Buhari sees the country becoming the commodity’s powerhouse on...
The Central Bank of Nigeria’s governor, Godwin Emefiele, on Monday said he was focused on strengthening the nation’s economy amid calls by supporters that he should contest for the nation’s topmost office in 2023. Supporters of...
The Central Bank of Nigeria (CBN) has unveiled 21 maize pyramids in Kaduna State which it said will boost maize production towards promoting food security and self-sufficiency. According to the CBN, “As at February 2022, it...
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the commencement of the Lagos Free Zone (LFZ) will help decongest the Apapa and Tin Can Island Ports in Lagos. He said this when he...
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the CBN is tackling the economic challenges facing the Nigerian economy through its various intervention. Emefiele, represented by the Corporate Communications Director, CBN,...
Nigeria’s private sector coalition has put together N100 billion to help the government fight widespread insecurity in the country. The Chairman of the United Bank for Africa, Tony Elumelu disclosed this at a dinner organised for...