Economy

CBN hikes MPR for fourth time in a row amid soaring inflation

By Business AM The Central Bank of Nigeria (CBN) on Tuesday raised the benchmark interest rate, or Monetary Policy Rate…

Nigeria’s inflation quickens for ninth consecutive month to 21.09% in October

By Onome Amuge Nigeria’s inflation rate rose for the ninth consecutive month to a new 17-year high of 21.09 percent…

CBN MPC maintains policy in line with analysts’ expectations

Charles Abuede   The 278th convention of the CBN’s Monetary Policy Committee (MPC) held on Monday and Tuesday in Abuja…

Nigeria’s oil-rich Rivers State to spend N448bn in 2021 in pursuit of inclusive growth

Finance commissioner fails to list sectoral allocations State to spend N2.75bn on LG elections New budget 49.37% higher than revised…

Finally, Nigeria ratifiesits membership of AfCFTA

By Hamid Ayodeji   The Federal Executive Council (FEC), the Nigerian government highest decision making body, on Wednesday announced it…

Coumantaros, Flours Mills chief, canvasses adequate infrastructure, policy consistency for economic growth

By Hamid Ayodeji   John Coumantaros, one of Nigeria’s biggest industrialists and investors, and chairman of Flour Mills of Nigeria,…