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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also unanimously agreed to hold all…
November 23, 2021
Nigeria should end its expensive fuel subsidy regime within three to six months, the World Bank said on Tuesday. Reuters reported that the bank advised that the removal of the subsidy must be accompanied by “aggressive reform effort” that “could contribute more to growth than a sustained period of high oil prices.” Africa’s largest economy devotes…
November 23, 2021
Senior Advocate of Nigeria (SAN), Mr Femi Falana, has called out to the Federal Government to outrightly reject the recent advise given by the International Monetary Fund (IMF), asking it to remove fuel and electricity subsidies in early 2022. The legal luminary who condemned the advise of the Bretton woods institution described it as capable…
November 21, 2021
Nations that are home to the largest tobacco corporations need to contribute more if countries are to recoup the US$47 billion lost to the illicit tobacco trade each year. That is the message that rang out of talks around the Protocol to Eliminate Illicit Trade in Tobacco Products which ended yesterday. The message from anti-tobacco…
November 19, 2021
President Muhammadu Buhari on Monday highlighted Nigeria's key interests on trade to participants at the 2nd Intra-African Trade Fair 2021 ongoing in Durban, South Africa. Buhari said his delegation is attending with ‘‘full force’’ to maximize the advantage of the gathering. Addressing the opening ceremony of the event, the President said: ‘Let me assure you…
November 15, 2021
Nigeria’s headline inflation declined for the seventh consecutive month to 15.99 per cent in October, Mr Simon Harry, the Statistician-General of the Federation has said. He said this on Monday in Abuja at a media conference while presenting the October Consumer Price Index (CPI). According to Harry, the headline inflation reduced from 16.63 per cent…
November 15, 2021
President Muhammadu Buhari who has been in transit in the last two weeks, arrived Durban, South Africa, from Paris over the weekend as part of his ongoing socio-economic diplomatic missions aimed at enhancing security and economic transformation of the country. The News Agency of Nigeria (NAN) reports that the Nigerian leader is in Durban at…
November 15, 2021
The National Association of Government Approved Freight Forwarders (NAGAFF) is a seeking 14-day demureage-free period for containers from shipping companies. The National Coordinator of the NAGAFF 100% Compliance Team, Alhaji Ibrahim Tanko, disclosed this to journlaists on Friday after a meeting to address the impasse between shipping companies and freight forwarders. The meeting had in…
November 13, 2021
First City Monument Bank (FCMB) is currently battling a repudiation crisis following reports claiming it has ordered its staff to target accounts owned by customers between the age of 18-30 for certain financial infractions. The bank is said to have made the directive in furtherance of the recent ban on cryptocurrencies by the Central Bank…
November 11, 2021
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also unanimously agreed to hold all…
November 23, 2021
Nigeria should end its expensive fuel subsidy regime within three to six months, the World Bank said on Tuesday. Reuters reported that the bank advised that the removal of the subsidy must be accompanied by “aggressive reform effort” that “could contribute more to growth than a sustained period of high oil prices.” Africa’s largest economy devotes…
November 23, 2021
Senior Advocate of Nigeria (SAN), Mr Femi Falana, has called out to the Federal Government to outrightly reject the recent advise given by the International Monetary Fund (IMF), asking it to remove fuel and electricity subsidies in early 2022. The legal luminary who condemned the advise of the Bretton woods institution described it as capable…
November 21, 2021
Nations that are home to the largest tobacco corporations need to contribute more if countries are to recoup the US$47 billion lost to the illicit tobacco trade each year. That is the message that rang out of talks around the Protocol to Eliminate Illicit Trade in Tobacco Products which ended yesterday. The message from anti-tobacco…
November 19, 2021
President Muhammadu Buhari on Monday highlighted Nigeria's key interests on trade to participants at the 2nd Intra-African Trade Fair 2021 ongoing in Durban, South Africa. Buhari said his delegation is attending with ‘‘full force’’ to maximize the advantage of the gathering. Addressing the opening ceremony of the event, the President said: ‘Let me assure you…
November 15, 2021
Nigeria’s headline inflation declined for the seventh consecutive month to 15.99 per cent in October, Mr Simon Harry, the Statistician-General of the Federation has said. He said this on Monday in Abuja at a media conference while presenting the October Consumer Price Index (CPI). According to Harry, the headline inflation reduced from 16.63 per cent…
November 15, 2021
President Muhammadu Buhari who has been in transit in the last two weeks, arrived Durban, South Africa, from Paris over the weekend as part of his ongoing socio-economic diplomatic missions aimed at enhancing security and economic transformation of the country. The News Agency of Nigeria (NAN) reports that the Nigerian leader is in Durban at…
November 15, 2021
The National Association of Government Approved Freight Forwarders (NAGAFF) is a seeking 14-day demureage-free period for containers from shipping companies. The National Coordinator of the NAGAFF 100% Compliance Team, Alhaji Ibrahim Tanko, disclosed this to journlaists on Friday after a meeting to address the impasse between shipping companies and freight forwarders. The meeting had in…
November 13, 2021
First City Monument Bank (FCMB) is currently battling a repudiation crisis following reports claiming it has ordered its staff to target accounts owned by customers between the age of 18-30 for certain financial infractions. The bank is said to have made the directive in furtherance of the recent ban on cryptocurrencies by the Central Bank…
November 11, 2021
