Posted in Policy

Nigeria cuts interest rate for the first time in nearly three years

Nigeria, Africa’s largest economy, has reduced its headline interest rate by 50 basis point to…

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inflation
Posted in Policy

Nigeria’s inflation drops to 11.37%

Latest data from the official data office of Nigeria said consumer price index or inflation…

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Nigeria
Posted in Policy

Nigeria economy expanded by 2.3% in 2018

Africa’s largest economy seems to be leaving its sluggish growth era for a stronger territory….

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Petrofac
Posted in Policy

Former Petrofac executives pleads guilty to fraud

London-based Petrofac Plc, said a former employee of its subsidiary yesterday admitted bribery under the…

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EFCC
Posted in Policy

Nigeria’s anti-graft police gets order to arrest former intelligence boss, wife

The Economic and Financial Crimes Commission, the EFCC, said it has ecured a court order…

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competition
Posted in Policy

Nigeria passes new competition and consumer protect law

Nigeria’s President Muhammadu Buhari has just assented to the Federal Competition and Consumer Protection Bill,…

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Lagos
Posted in Policy

Lagos proposes $2.3 billion budget for 2019

Lagos, Nigeria’s commercial capital is proposing to spend $2.3 billion for the year 2019. This…

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Posted in Policy

Nigeria increases minimum wage to USD98

Nigeria’s federal government has just approved an increment in the national minimum wage to N30,000…

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Egmont Group
Posted in Policy

Egmont Group lifts suspension on Nigeria

The Egmont Group has confirmed the lifting of the suspension of Nigeria from the group’s…

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interest rate
Posted in Policy

Here are the microfinance banks CBN wants to shut down

The Nigerian Central Bank said it will revoke the licenses of microfinance banks and finance…

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