CBN Raises Interest Rate To 15.5% To Tame Inflation   The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 14 to 15.5 per cent in order to tame the rising inflation rate. This represents...

Reps Demand Tax Records, Documents Of NNPC JV Accounts   The House of Representatives has demanded the tax records and other relevant documents on joint venture (JV) businesses and production-sharing contracts of the Nigerian National Petroleum Corporation (NNPC) from 1990 to...

FG Borrowed N1trn To Fund Fuel Subsidy - DMO   The Federal Government has borrowed N1 trillion to subsidise petrol this year, the Debt Management Office (DMO) said yesterday. Its Director-General, Ms. Patience Oniha, spoke during the presentation at the Executive Course...

Domestic Stock Sheds N15bn In Bearish Trading   The domestic stock market yesterday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day. Also,...

World Bank To Raise $127bn For Mini-grid Power Funding   The World Bank Group will be raising $127 billion for mini-grip power funding by 2030. The bank said it will be leveraging development partner funding and government investment to “crowd in” private-sector...

FG To Deploy PPP To Boost Excise, Tax Revenue   The Federal Government is deploying an Integrated Secure Track and Trace Solution to boost revenue through excise and tax collection. The Public-Private Partnership (PPP) solution, which will adopt the Build, Operate and...