Energy cost, forex shortage stall growth of printing sector
Operators in the printing subsector have rued the depreciation of the naira coupled with the rising energy cost and its impacts on the sector, urging
Author : Our Reporter
Economy in rare credit squeeze as CBN continues with 20-year-high interest
It was another audacious response from the Monetary Policy Committee (MPC), yesterday, as it increased the benchmarked interest rate by another 150 basis points (bps)
Pipeline leaks are ‘most serious security incident’ in Baltic
Latvian Foreign Minister, Edgars Rinkevics described leaks in the Nord Stream 1 and 2 gas pipelines as deliberate attacks. Three leaks were found earlier this
Increased MPR will put pressure on private sector – Economist
An economist, Prof. Evans Osabuohien says the increase of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) Central Bank of Nigeria (CBN) will
Money lending: FCCPC wants unregulated institutions to comply with CBN standards
The Federal Competition and Consumer Protection Commission (FCCPC), has urged unregulated digital money lending entities to comply with Central Bank of Nigeria (CBN) standards. Mr
Reps step down motion to stop touts operating on major highway
The House of Representatives on Wednesday stepped down a motion to stop unruly behaviour of touts operating on major highways in the country. The move
China begins construction on new gas transmission pipeline
The construction work on the fourth pipeline of a mega power transmission project that transports natural gas from China’s western regions to the country’s began
Money supply rises to N49.36trn amid Federal Government borrowing
The Central Bank of Nigeria (CBN) in its money and credit statistics has revealed that money supply (M3) in the economy has increased to N49.36
Immigration urges applicants to claim 29,095 uncollected passports
Nigerian international passports The Passport Control Officer, Ikoyi, Deputy Comptroller of Immigration, O. O Ayegbusi, has revealed that not less than 29,095 passports remained uncollected
How petrol subsidy raised 2022 borrowing by N1trn – DMO boss
The nation’s public debt stock is being increased by the petrol subsidy as the government had to borrow N1 trillion to subsidise petrol this year,
