Just in: CBN’s MPC votes to leave all monetary policy metrics unchanged
The Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN), Tuesday, unanimously elected to maintain the status quo by keeping all monetary policy metrics at current levels. The rates are left as follows: *Monetary Policy Rate (MPR) at…
Just in: Lagos shuts all markets except foodstuff, takeaway ordered in eateries
…Bans interstate transits forthwith, cuts gathering limits to 25 Lagos State governor, Mr Babajide Snawo-Olu Tuesday ordered all markets dealing with stiffs order than food and essential medics to shutdown effective Thursday, March 26, 2020. Addressing the state in a…
How NCC’s DND policy, aggregator inclusion collapsed ₦300bn VAS market
Clearer perspectives have emerged on why the business and market segment of the Value Added Service (VAS) providers in Nigeria had been nose-diving in recent times. Before the observed drop in telecoms market share, the VAS sub-sector, whose worth was…
Customs waivers: Telecoms services to bounce back at border communities
In less than one week, the leadership of the Nigerian Customs Service (NCS) has rescinded two of its policy positions found to be counterproductive to the general good and economic growth of the country. First was the removal of ban…
Chukwu, Omordion differ on naira devaluation by CBN
Two leading finance market experts in Nigeria have taken divergent positions on the recent devaluation of naira which the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele had insisted to be an adjustment and not devaluation. Recall…
Ecobank Group hits 32% growth of NGN146.5bn for 2019 in PBT
Leading continental financial giant, the Ecobank Transnational Incorporated (ETI) has announced a record 32% growth in profit before tax of NGN146.5 billion for 2019 financial year. This was up from the N110.8 billion recorded in 2018. The bank which released…
Mandilas Center @ Lagos Trade Fair complex issues COVID-19 safety measures
The leadership of Mandilas International Trade Center (MITC), one of the leading shopping plazas at the massive Lagos International Trade Fair complex, Badagry Expressway, has become the first trading group in Nigeria to issue COVID-19 precautionary measures for both business…
UBA takes capacity training to Onitsha, empowers 400 entrepreneurs
Pan African financial Institution, United Bank for Africa weekend held Micro Small and Medium Enterprises (MSME) capacity training in Onitsha to deepen entrepreneurial skills development. During the highly attended training session, about 400 small and medium scale business entrepreneurs in…
COVID-19 lockdown in India, China frustrating NASME’s operations
More negative multiplier effects of COVID-19 induced lockdown of industrial cities of China and India in the Nigerian manufacturing space have emerged. This was made public by the Nigerian Association of Small and Medium Enterprises (NASME) President, who doubles as…
NNPC silent on reviving refineries in Q1, gives stats on lube, fuel, others
Since the beginning of the first quarter of 2020, which is winding up in few days, the Nigerian National Petroleum Corporation (NNPC) had not given any clear update to Nigerians on the repair status of each of the national refineries….
