Policy

CBN keeps interest rate at 14%
Big Business Policy

CBN keeps interest rate at 14%

Nigeria’s apex bank, the Central Bank of Nigeria, CBN, has kept the interest rate at 14%. The CBN’s monthly monetary policy committee which made the decision shortly said it is not reducing the rate due to various macroeconomic indices which showed that Nigeria’s economic recovery is still fragile. The incoming […]

How to put in for the 2018 NSE Essay Competition
Policy

How to put in for the 2018 NSE Essay Competition

The Nigerian Stock Exchange has just released guidelines for its 2018 NSE Essay Competition. The topic for the 2018 NSE Essay Competition is “Discuss how technology can promote financial literacy and encourage investment habit among youths?” The NSE said in a statement that the 2018 edition aims to bring the […]

Buhari to sign African free-trade agreement soon
Policy

Buhari to sign African free-trade agreement soon

President Muhammadu Buhari of Nigeria said he will soon sign the African free-trade agreement, AfTA. Nigeria’s President refused to sign the African free-trade agreement very close to the signing ceremony after the country raised concerns on the impact of the agreement on Nigeria’s domestic economy. President Buhari said in a […]

Big Business Policy

Nigeria’s inflation drops to 11.61% in May

For the 16th consecutive time, Africa’s largest economy, Nigeria said its headline inflation dropped to 11.61% for the month of May. Data released by the official statistics office, the National Bureau of Statistics, the Consumer Price Index (CPI) which measures inflation increased by 11.61 percent (year-on-year) in May 2018. This […]