Just in: CBN ends MPC meeting, retains rates amidst fears of fragile economy
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) today, voted to maintain status quo that was reviewed during the previous meeting. Today’s meeting was the 267th meeting and third this year which came barely few days after the…
After Gambia, Kenya, Ethiopia line up to understudy how TSA works in Nigeria
Following the observed success so far recorded by the Federal Government accounting system powered by the introduction of Treasury Single Account (TSA), more African governments are lining up to understudy and adopt the regime to drive spending transparency and efficiency….
Expert explains why it’s difficult for CBN to bring down Monetary Policy Rate
More reasons why the Central Bank of Nigeria (CBN), has been maintaining apparently high side of Monetary Policy Rate (MPR) emerged Monday when latest growth statistics showed a drop in Gross Domestic Product (GDP) to 2.01 per cent, a scary…
Nigeria has huge stock of smart kids to change the growth narrative but…—Ekeh
Leading pioneer investor in Nigeria’s IT sector and chairman of Zinox Group, Mr Leo-Stan Ekeh, has averred that Nigeria has a huge stock of smart kids who can change and sustain the developmental story of this country. Speaking during his…
Orange avoids Nigeria; builds largest data centre in Ivory Coast selects ENGIE for keeps
…Set to drag market share with emerging MainOne Data centre in Abidjan Nigeria has yet again, lost another chance of hosting massive data centre to Ivory Coast, after losing similar infrastructure by Microsoft to South Africa last year. Otherwise, leading…
FG renews attack on Atiku’s interests as NPA terminates Intels Pilotage Contract
For failure to remit about $145.84m being payment due to the Federal Government through the Nigerian Ports Authority (NPA), the agency has terminated its boats pilotage monitoring and supervision agreement with Intels Nigeria Limited. Intels, topmost integrated logistics and facilities…
Minister’s stand on Enugu FTZ may discourage international investors—Npower FZC
The Enugu Power Free Zone Company (Enpower FZC), the managers of Enugu Free Trade Zone located near the Akanu Ibiam International Airport (AIIA), Enugu, has reacted to the recent comments credited to the Minister of State for Aviation, Hadi Sirika…
Oil export under threat as fire guts Trans Forcados Pipeline spill site in Delta
Explosion followed by massive inferno Monday engulfed a spilled site along the Trans Forcados Pipeline within the Chanomi Creeks in Yeye community of Burutu Local Government Area of Delta. Heritage Energy Operational Services Limited, operator of the crude pipeline, confirmed…
US firms rush stakes in Angola’s oil sector as licensing regime to 2025 begins
The observed poor political will frustrating the executive-legislative synergy needed to deliver the highly needed new Petroleum Industry Act may have started to take tolls on the number of foreign direct investments to the industry. This is coming on the…
Okorocha spent N8bn Paris Club Refund on the eve of elections—EFCC
More details are beginning to emerge on how the outgoing governor of Imo State, Chief Rochas Okorocha, feasted on the state’s N8bn share of the Paris Club Refund approved and paid in by the Federal Government some months ahead of…
