Excess cash in circulation may worsen inflation – MPC members
Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the...
Business
Subsidy removal: FG, states, LGs allocations hit N10.14tn
The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by...
Firm gets NBC licence to broadcast children’s contents
The National Broadcasting Commission has granted a license to Three Tees Entertainment Limited to operate a children’s television station. The TV station is owned by...
Access Bank to acquire National Bank of Kenya
Access Bank has revealed plans to acquire the National Bank of Kenya from the KCB Group. This marks its second acquisition of a Kenyan bank...
NCDMB reiterates commitment to research
The Nigerian Content Development and Monitoring Board has reaffirmed its commitment to promoting Nigerian content in the oil and gas industry through research. NCDMB declared...
N30tn loans: Senate uncovers fresh infractions, summons Cardoso
The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria and spent by the former...
Dangote, MTN, others lose N1.7tn to naira depreciation
Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According...
FID on $25bn Nigeria-Morocco pipeline for Dec — Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that the Final Investment Decision for the $25bn Nigeria-Morocco...
Power station collapses, blackout hits Abuja, Kogi
Some residents of the Federal Capital Territory, Abuja and some areas in Kogi State are currently experiencing power outages due to technical glitches. The two...
CBN holds 294th MPC meeting Monday
The Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes the nation’s economic policies. The...