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Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). They said the outcome of the 278th MPC was in line with predictions and consistent with global trends among central banks. They said this in interviews with…
March 24, 2021
The Central Bank of Nigeria, CBN, has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances. The bank had earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders and recipients of international money transfers. The incentive will see recipients of diaspora remittances paid N5 for…
March 22, 2021
Alphabet Inc’s Google will invest $7 billion in offices and data centers across the U.S. this year, down from the $10 billion last year, and create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The latest investment includes expansion plans for data centres in Nebraska, South Carolina and Texas,…
March 19, 2021
Financial experts on Tuesday said the February inflation figure of 17.33 per cent was inevitable due to drop in agriculture production and price hikes in electricity and petroleum. They spoke with the News Agency of Nigeria (NAN) in Lagos, in reaction to the February inflation figure released by the National Bureau of Statistics (NBS). Professor…
March 17, 2021
'We're Happy You Made It', Says President.. Eyes All-inclusive Int'l Trade WTO DG Offers Investment Support For Nigeria... Reveals Nigeria's Share Of Global Trade Is 0.33% From Segun Amure, (The New Diplomat's Abuja Bureau) President Muhammadu Buhari, Monday, hosted Dr Ngozi Okonjo-Iweala, newly appointed Director-General of the World Trade Organization (WTO), disclosing to her that…
March 15, 2021
Minister of Transportation Rotimi Amaechi says President Muhammadu Buhari’s major aim for investing in rail construction all over the country is to create employment for Nigerian youths. Amaechi, who stated this on Sunday in a statement by his Media aide, Mrs Taiye Elebiyo-Edeni, said that all the ongoing projects would contribute to the GDP of…
March 14, 2021
A Real Estate Consultant, Mr Meckson Okoro, said that the shock created by the Coronavirus (COVID-19) pandemic in the construction and real estate sub-sector would remain for a long time. Okoro, Managing Partner, M. I. Okoro and Associates, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. According to him,…
March 14, 2021
Daily Oil Production Slumped To 1.56mbpd in 4th Quarter Economy Shrank By 1.92% In 2020 Nigeria’s economy emerged from recession in the fourth quarter of 2020, posting a Gross Domestic Product (GDP) growth of 0.11% after staying below the waters in the two previous quarters of last year. Recall Nigeria officially slipped into its worst…
February 18, 2021
Amidst rumours of an impending hike in the pump price of petrol, the National Bureau of Statistics (NBS) announced on Tuesday that the country’s headline inflation climbed to 16.47 per cent in January 2021. Food inflation also rose to 20.57 per cent in January, from 19.56 per cent in December 2020. Inflation soared at 15.75…
February 17, 2021
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Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). They said the outcome of the 278th MPC was in line with predictions and consistent with global trends among central banks. They said this in interviews with…
March 24, 2021
The Central Bank of Nigeria, CBN, has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances. The bank had earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders and recipients of international money transfers. The incentive will see recipients of diaspora remittances paid N5 for…
March 22, 2021
Alphabet Inc’s Google will invest $7 billion in offices and data centers across the U.S. this year, down from the $10 billion last year, and create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The latest investment includes expansion plans for data centres in Nebraska, South Carolina and Texas,…
March 19, 2021
Financial experts on Tuesday said the February inflation figure of 17.33 per cent was inevitable due to drop in agriculture production and price hikes in electricity and petroleum. They spoke with the News Agency of Nigeria (NAN) in Lagos, in reaction to the February inflation figure released by the National Bureau of Statistics (NBS). Professor…
March 17, 2021
'We're Happy You Made It', Says President.. Eyes All-inclusive Int'l Trade WTO DG Offers Investment Support For Nigeria... Reveals Nigeria's Share Of Global Trade Is 0.33% From Segun Amure, (The New Diplomat's Abuja Bureau) President Muhammadu Buhari, Monday, hosted Dr Ngozi Okonjo-Iweala, newly appointed Director-General of the World Trade Organization (WTO), disclosing to her that…
March 15, 2021
Minister of Transportation Rotimi Amaechi says President Muhammadu Buhari’s major aim for investing in rail construction all over the country is to create employment for Nigerian youths. Amaechi, who stated this on Sunday in a statement by his Media aide, Mrs Taiye Elebiyo-Edeni, said that all the ongoing projects would contribute to the GDP of…
March 14, 2021
A Real Estate Consultant, Mr Meckson Okoro, said that the shock created by the Coronavirus (COVID-19) pandemic in the construction and real estate sub-sector would remain for a long time. Okoro, Managing Partner, M. I. Okoro and Associates, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. According to him,…
March 14, 2021
Daily Oil Production Slumped To 1.56mbpd in 4th Quarter Economy Shrank By 1.92% In 2020 Nigeria’s economy emerged from recession in the fourth quarter of 2020, posting a Gross Domestic Product (GDP) growth of 0.11% after staying below the waters in the two previous quarters of last year. Recall Nigeria officially slipped into its worst…
February 18, 2021
Amidst rumours of an impending hike in the pump price of petrol, the National Bureau of Statistics (NBS) announced on Tuesday that the country’s headline inflation climbed to 16.47 per cent in January 2021. Food inflation also rose to 20.57 per cent in January, from 19.56 per cent in December 2020. Inflation soared at 15.75…
February 17, 2021
