Rahma Oladosu

New Listing on NGX Boosts Market Cap by N105bn

New Listing on NGX Boosts Market Cap by N105bn   The new listing of 2,418,099,300 ordinary shares of 50 Kobo each per share of Notore Chemical Industries Plc on the daily official list of the Nigerian Exchange(NGX) boosted the market capitalisation...

Operators Blame Forex as Vehicle Import Crashes by 61%

Operators Blame Forex as Vehicle Import Crashes by 61%   The importation of vehicles into Nigeria dropped from 28,024 units in the first quarter of 2023 to 10,991 units in the same quarter of 2024, representing a 60.8 per cent decrease,...

FG Seeks $500m World Bank Loan For Water Resource Management

FG Seeks $500m World Bank Loan For Water Resource Management The Federal Government has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the federation. This loan is expected to address the...

FG Secures $2.2bn for Health Sector Overhaul as Tinubu Appoints Umar Sadiq

President Bola Tinubu has approved the establishment of the Sector-wide Coordinating Office-Programme Management Unit (SCO-PMU) domiciled in the Office of the Coordinating Minister of Health and Social Welfare. 

CBN Expresses Optimism Over FG’s Food Inflation Strategy

The Central Bank of Nigeria (CBN) has expressed optimism about the Federal Government's recent measures to address the food supply deficit, which is expected to help curb inflation. 

MPC: Why we Jerked up Interest Rate to 26.75% – Cardoso

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again increased the benchmark interest rate by 50 basis points from 26.25 per cent to 26.75 per cent. 
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