ECONOMY

CBN Monetary Policy Committee cuts MPR to 11.5% - Against market expectations, the Monetary Policy Committee (MPC), faced with the choice of reducing or leaving policy parameters unchanged, elected to reduce...

Chemical union seeks reversal of CBN’s forex policy - The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria (CBN) to...

CBN projects $29.9b to $34.3b reserves by year-end: The Central Bank of Nigeria (CBN) at the weekend said the degree of external reserves accumulation would drop as outflows are expected to...

CBN investigates 71 for suspected forex deals - THE Central Bank of Nigeria (CBN) has launched a massive investigation into foreign exchange transactions by 71 companies after preliminary reviews raised suspicions...

EXMAN mulls payment of pitch rejection fee - The Experiential Marketers’ Association of Nigeria (EXMAN) has disclosed that organisations inviting experiential marketing agencies for pitch should prepare to pay N500, 000...

Firms unveil power saving products - Lumos Nigeria, Africa’s leading provider of high-quality solar home systems, in partnership with telecommunications giant, MTN Nigeria Plc, recently announced the launch of two new...

Steel sector may not resume production until 2021 – MAN: Activities within the nation’s steel sector will remain paralysed for the time being as the industry is still smarting from the...

NNPC Records N20.36bn Trading Surplus in July - Nigerian National Petroleum Corporation (NNPC) said yesterday that it recorded an increased trading surplus of N20.36 billion in July 2020 compared to the...

N2m investment fund for small businesses - A two million naira Borderless Trade Impact Investment Fund has been launched for Small and Medium Scale (SMEs) entrepreneurs to start or expand their...

Nigeria Economy will recover in Q1 2021, says minister - The Federal Government has predicted that the economy will rebound to positive territory in the first quarter (Q1) of 2021. Minister...