Category: Economy
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UK cuts tariffs on Nigerian exports
The UK government on Monday said it had cut tariffs and extended duty-free trade in goods exported from Nigeria Mr. Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites, Victoria Island, Lagos.
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BREAKING: Against projections, CBN raises interest rate to 17.5%
Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent.
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Nigeria’s economy’ll grow at subdued pace in 2023 – CBN Gov, Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has said the nation’s economy will grow at a subdued rate in 2023.
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Global economic growth projected to slow in 2023
Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year.
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‘How crude oil refining in PH refinery will reduce pump price’
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA ) says resupmtion of crude oil refining in the Port Harcourt Refinery Company will reduce pump price.
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Fuel scarcity: Why pump price of petrol skyrocketed – Suppliers
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA ) says scarcity and high price of Premium Motor Spirit (PMS) are caused by many challenges especially high price of Automative Gas Oil (AGO).
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Why Nigeria needs help from private sector – Finance Minister
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, says Nigeria needs help from the private sector to meet its public investment needs. Ahmed said this at the presentation of the latest World Bank Nigeria D
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CBN explains new cash withdrawal limits to Senate
The Central Bank of Nigeria (CBN) on Friday offered an explanation to Senate Committee on Banking, Insurance and other Financial Institutions on the need for the cashless policy, limiting cash withdrawal for individuals to N100,000 and Corporate Bodies to N500,000 per week.
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UPDATE: Cash withdrawal limits too sudden, harsh on Nigerians – Reps tell CBN
The House of Representatives on Thursday asked the Central Bank of Nigeria (CBN) to immediately suspend its latest policy on revised cash withdrawal limits.
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Food prices continue to rise in Nigeria
The National Bureau of Statistics (NBS), said that prices of selected food items increased in October.