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CBN Increases Monetary Policy Rate To 18.5%

The Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent. The apex bank governor, Godwin Emefiele, announced the...

Ron DeSantis Will Launch Presidential Bid on Twitter With Elon Musk

Florida Gov. Ron DeSantis will announce he is running for president during a discussion with Twitter CEO Elon Musk. Musk and DeSantis will host an...

MTN Nigeria 2023 Data Revenue to Surpass Voice in Seismic Shift

MTN Nigeria will be propelled by data usage by its consumers in 2023, rather than voice for the first time since its launch some...

Dangote Pays Back 70% of Loans Used to Construct Refinery

The Dangote Group has paid back about 70% of the loans it took to construct its mega 650,000 bpd Refinery in Lagos. This was disclosed...

Buhari Inaugurates Dangote Petroleum Refinery, Petrochemical Plant

…Emefiele Says Refinery Epitomizes Nigerian Can-Do Spirit. …Dangote hails Emefiele’s Courage, Support. A week to the end of his eight-year tenure, President Muhammadu Buhari, on Monday,...

Dangote Refinery Puts Nigeria on Global Refining Map as Capacity Surges to 1.09m b/d

…Country now top-20 for refining capacity globally The commissioning of the country's new 650,000 barrels per day (b/d), Dangote refinery by President Muhammadu Buhari...

Buhari, Five African Presidents to Commission Dangote Petroleum Refinery on Monday

In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will Monday commission Dangote Petroleum Refinery &...

Soaring Raw Material Costs Causing Pains for Nigerian Manufacturers

Nigerian manufacturers are feeling the pains of rising raw material costs brought on by geopolitical tensions, foreign exchange illiquidity and currency devaluations that are...

Nestle Nigeria pays N388.15bn Dividend in 10 Years

Nestle Nigeria Plc, the six most capitalised firms in the country, has been consistently paying dividends to its shareholders even amid macroeconomic headwinds, which...

CBN Reserve Ratio Stifles Lending as Banks Profit from Higher Rates

Nigerian banks are sidestepping steep regulatory reserve ratio requirement to book growing profit from higher interest rates on investment securities. As the regulator continues to...

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