The Centre for the Promotion of Private Enterprise (CPPE), a leading private sector advocacy group in Nigeria, has flawed the Central Bank of Nigeria’s Monetary Policy Committee (MPC) on its latest monetary policy decisions during its two-day meeting which ended on Tuesday in Abuja, saying that the jerking of the lending benchmark rate and others […]
….Says $26Bn Transactions Through Binance Nigeria Difficult To Trace The Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, on Tuesday disclosed that the apex bank spent over N10 trillion in interventions to different sectors of the economy over the past six years without significant results to show for such humongous expenditure. He […]
….As Rice Price Surges By 98.47% As Nigeria’s surging inflation rate which rose to an all-time record high of 29.90% in January this year continued to take huge toll on consumers’ real incomes, Nigerians paid higher for all categories of food items in the month under review as the average price of 1kg Rice local […]
Apparently determined to involve more stakeholders in his administration’s drive to improve the performance of the nation’s economy, President Bola Tinubu on Sunday inaugurated an economic advisory committee comprising membership from the federal and sub-national governments and the organized private sector (OPS). The President’s latest action was the outcome of a meeting he held with […]
Economists at Comercio Partners, a Nigerian firm providing financial advisory and assets management services, have advised the Central Bank of Nigeria (CBN) to critically weigh the option of maintaining a bullish stance at the next meeting of its Monetary Policy Committee in view of the current micro and macroeconomic challenges in the economy and the […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading organized private sector advocacy group in Nigeria, has advised the Central Bank of Nigeria (CBN) to consider fixing the Customs Duty Exchange rate at N1,000/S1 to mitigate the current hardships of business owners, particularly manufacturers, in the country. The Centre’s Chief Executive Officer, Dr. […]
The Central Bank of Nigeria (CBN) at the weekend announced the pegging of the duty rates to be paid by importers to the Nigerian Customs Services during goods clearance. Specifically, the apex bank in a circular signed by its Director of Trade and Exchange Department, Hassan Mahmud, and posted on its website on Friday instructed […]
The British High Commission in Nigeria has commended the Ogun State Government on its aggressive industrial revolution drive, which has turned the state into preferred choice for local and foreign investors over the past few years. The Deputy British High Commissioner, Mr. Jonny Baxter, gave the commendation on Friday when he led a team from […]
The Federal Government on Thursday announced the ban on exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, as part of its current efforts to boost domestic supply volume and crash the commodity’s surging price nationwide. The Minister of Petroleum (Gas), Ekperikpe Ekpo, who made this disclosure at the ‘Internal Stakeholders’ workshop with […]
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% (year-on-year) in real terms in the fourth quarter of 2023, lower than the 3.52% recorded in the corresponding quarter of 2022, the National Bureau of Statistics (NBS) reported on Thursday. The Bureau, in its ‘Nigeria Gross Domestic Product Q4 2023’ report published on its website, however, stated […]