Business

Vice President Yemi Osinbajo has urged financial market experts to support the Federal Government’s efforts by developing an appropriate housing finance model that will significantly transform the housing sector on a large scale.…

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Thursday. It also…

The Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform. The Governor of the Central Bank of…

The Sustainable Energy Fund for Africa has approved a $1m grant for the renovation of Africa’s ageing hydropower fleet. This was contained in a statement distributed by APO Group on behalf of the African Development Bank Group. The…

AT the backdrop of poor coordination of activities among Federal Government’s agencies in the manning of Nigeria’s maritime domain, Director General, Nigerian Maritime Administration and Safety Commission, NIMASA, Dr Bashir Jamoh, has said…

The Debt Management Office has reported a surplus of N1.92bn in two years, consisting of N538.4m in2018 and N1.31bn in 2019. Between 2018 and2019, DMO recorded a 144.1 per cent increase in profit. This was contained in the DMO’s 2019…

The Consumer Price Index which measures the inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics said on Wednesday. According to the latest CPI report, this rate is 0.37 per cent points lower than the 17.38…

The Federal Government of Nigeria has said that it is targeting an increase in e-commerce trading, from the current market value of $13bn to about $75bn by 2025. The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr…

President Muhammadu Buhari has requested the National Assembly to approve it for $4,054,476,863 and €710 million. Buhari is also seeking the nation’s legislature’s approval for grant components of $125 million in the 2018-2020 external…

Nigeria estimates its economy will grow between 2.5% and 3% this year, Central Bank Governor Godwin Emefiele said on Tuesday, after an easing of lockdown measures and increased vaccinations boosted business, including international and…