TETFund Blames Slow Pace Of Work In Projects To Cost Of Materials, COVID-19   The Tertiary Education Trust Fund (TETFUND) has blamed slow pace of work in its various intervention projects in public tertiary institutions across the country to fluctuations in...

Nigeria Ranks 61st Globally, 2nd In Africa On Startup Ecosystem Index   The Nigerian startup ecosystem has been ranked 61st globally and second in Africa on the Global Startup Ecosystem Index by StartupBlink. Nigeria displaced Kenya to spot 62 and third in...

CBN Retains 5% Interest Rate For Critical Sectors   Sequel to its development finance initiative, the Central Bank of Nigeria (CBN) has agreed to leave interest rates at five per cent per annum for critical sectors and manufacturing industries until March...

CBN Pledges Support For Power Sector   The Central Bank of Nigeria has visited the Eko Electricity Distribution Company (EKEDC) as part of its monitoring and evaluation tour of the CBN-funded intervention facilities for electricity distribution companies in Nigeria. The apex bank...

Stock Investors Net N598bn Capital Gains Amid Profit-taking   Investors in Nigerian equities closed weekend with net capital gains of N598 billion despite the onset of a considerable profit-taking. Investors sought to monetise substantial capital gains built up over weeks of successive...

'Interest Rate May Rise Above 30%'   Average interest rates to end-users may rise above 30 per cent in future as banks begin to adjust lending rates to the new Monetary Policy Rate (MPR). The Central Bank of Nigeria (CBN)’s Monetary Policy...