W'Bank to CBN: Interest Rate Hike may not Lower Inflation
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation and remains a risk to Nigeria’s growth outlook.
The international lender disclosed this in its...
8,651 RSA Holders Withdraw N14bn from Pension Savings – PenCom
About 8,651 Retirement Saving Account holders withdrew N14.20bn in the first quarter of 2024 due to temporary job loss.
This was disclosed in the first quarter report 2024 published by the National Pension Commission recently.
In the...
Daily Oil Production Drops to 1.25mbpd – OPEC
Nigeria’s daily oil production dipped further to 1.25 million barrels per day in May, a report by the Organisation of the Petroleum Exporting Countries (OPEC) has said.
This is despite the claim by the Federal Government and the...
Why Dangote Refinery 'll not Supply Petrol in June
The Dangote refinery has said its plan to release premium motor spirit into the market this month will no longer be possible, sparking reactions from Nigerians.
The President of Dangote Group, Aliko Dangote told newsmen during a...
Fiber-optic Cable: FG, W’Bank Begin Talks on 90,000km Project
Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km of fibre optic cable, it has begun talks with the World Bank.
The Minister of...
