Challenges, Opportunities for MSMEs As CBN Raises Interest Rate to 27.25%
In a bold move to curb inflation, the Central Bank of Nigeria (CBN) has again increased its Monetary Policy Rate (MPR) by 50 basis points to 27.25%. The CBN Governor Olayemi Cardoso announced the decision after the 297th Monetary Policy…
Niger Delta Lawyers Want Port Harcourt Refinery Operational Before End Of September As Promised By NNPCL, Mele Kyari
Lawyers from the Niger Delta region have given the Nigerian National Petroleum Company Limited (NNPCL) and its Managing Director, Mele Kyari, an ultimatum: ensure the Port Harcourt Refinery is operational before the end of September. This demand follows the refinery’s…
Enugu State’s Newly Elected LGA Leaders Urged to Prioritize People’s Welfare As Save Enugu Group Congratulates Winners
The Save Enugu Group (SEG), a frontline accountability watchdog and socio-political pressure group, has congratulated the winners of Enugu State’s local government elections, advising them to focus on delivering the greater good. “As leaders at the grassroots, your focus should…
Dangote Refinery: How FX Intervention Can Slash Petrol Prices Below N600 Per Liter — Refinery Operators
The Crude Oil Refiners Association of Nigeria (CORAN) has called on the Nigerian government to peg foreign exchange at N1000 per dollar to reduce Dangote Refinery’s petrol price to below N600 per liter. This suggestion comes amid the current petrol…
Nigeria’s Economic Woes: Bukar Reveals How Inefficient Ports Drive Trade to Neighboring Benin Republic
Nigeria’s struggling economy has been dealt another blow as its inefficient ports continue to drive trade volumes to neighboring Benin Republic. According to Kyari Bukar, former Chairman of the Nigerian Economic Summit Group (NESG), the country’s clumsy bureaucracies and bottlenecks…
Middle-Class Woes: Cardinal Onaiyekan Tasks Tinubu On Policy Review Amidst Economic Hardship
Cardinal John Onaiyekan, former Archbishop of Abuja Catholic Archdiocese, has sounded the alarm on Nigeria’s economic crisis, emphasizing the need for a policy review to alleviate the suffering of the middle class. Speaking on the sidelines of a Marian Concert…
Nigerians’ Perception of NNPCL’s Stand on Dangote Refinery Fuel Wrong — Says Chairman, Skymark Energy and Power LTD
… Maintains that Prices Are Determined by International Market Forces The Chairman and Chief Executive Officer (CEO) of Skymark Energy and Power Limited, Muhammad Saleh Hassan, has taken a swipe at critics that are passing flaks on the NNPCL and…
Nigeria’s Solid Minerals Sector Gets $1 Billion Boost As Iron Ore to Steel Project Set to Transform Economy
In a groundbreaking move, the Federal Government has welcomed a $1 billion iron ore to steel project in Kogi State, poised to revolutionize Nigeria’s solid minerals sector. The project, a joint venture between Chart and Capstone Integrated Limited and Sinomach-He,…
ALGON Collaborates with Presidency as NDDC, WHO, Others Endorse Primary Health Care Revitalization in 774 LGAs and Councils
In a landmark event aimed at revitalizing primary healthcare delivery in Nigeria, the Association of Local Governments of Nigeria (ALGON) has collaborated with the Presidency, Niger Delta Development Commission (NDDC), World Health Organization (WHO), and other stakeholders to launch a…
Financial Woes: Nigerians’ Savings Depleted, Debt Levels Soar Amidst Rising Costs – CBN Survey Reveals
A recent survey by the Central Bank of Nigeria (CBN) has revealed that Nigerians are resorting to depleting their savings and accumulating debt due to the persistent rise in prices of goods and services. Despite this, many remain optimistic about…
