Inflation to Reduce in Coming Months – Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed optimism that with the measures in place, core and headline inflation will come down in the coming months. He also disclosed a new strategy...

Again, CBN Raises Interest Rate to 26.25% The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), a benchmark interest rates, from 24.75 percent to 26.25 percent. The CBN Governor and the Chairman of the of Monetary Policy Committee (MPC), Mr. Olayemi Cardoso,...

Naira Gains against Dollar at Parallel, Official Markets The naira appreciated further to N1,490 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The FX rate is a 1.34 percent increase from the N1,510/$ recorded on May 17. Currency traders in Lagos,...

Port Harcourt Refinery Commences Operation July The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was disclosed on Monday by the National Public Relations Officer, Independent Marketers Association of Nigeria (IPMAN), Chief Ukadike Chinedu. He stated that...

Student Loan: 1.2m Students Across Federal Institutions Will Access First Phase – FG Managing Director of Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr, has disclosed that the maximum of 1.2 million students across federal tertiary institutions will access the students loan in the fist...

With Solar Power Nigeria can Generate $2bn Annually – Report Nigerians struggling with unreliable electricity may soon find relief, and the country could see a significant economic boost, according to a new report by Shell-funded impact investment company, All On. The report estimates that Nigeria has...