Business

By Kunle Sanni The Federal Government has stated that it will not intervene in the ongoing dispute over petrol pricing between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, affirming that both entities are free to set their own market prices for consumers. The stance was disclosed by Bayo Onanuga, Special Adviser on Information and Strategy to President…

Greenwich Merchant Bank Ltd and PSRG-Richardson have partnered on the key strata of sustainability – health, safety, security and the environment to drive the nation’s economy towards robust and inclusive growth. This was disclosed in a press release signed and made available by the Head, Corporate Communications of the Institution, Ozena Utulu yesterday. Speaking on the sidelines of the 2024…

A Lagos based financial & management consultants, Mr. Kola Amzat has expressed that the members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria were too much in hurry to effect  increase in its Monetary Policy Rate (MPR) or interest rate from 26.75 per cent to 27.25 per cent. The committee members after a two-day meeting in…

A report by National Bureau of Statistics (NBS) revealed that that the average price of 1kg beans brown (sold loose) stood at N2,574.63 in August 2024, a 271.55per cent increase  in price on a year-on-year basis from N692.95 recorded in August 2023 and a 5.31 per cent rise in price on a month-on-month basis from N2,444.81 in July 2024. The…

Airtel Nigeria, as part of its continued efforts to foster stronger relationships with key stakeholders, hosted a Media Roundtable event to discuss updates on its sustainability initiatives, innovations, and strategic approach towards ensuring seamless customer experience. The event which held recently in Lagos had over 30 senior media personnel in attendance and included insightful presentations by four Airtel directors who…

The Tinubu Stakeholders Forum (TSF) has praised the Nigerian government for its strides in enhancing the aviation sector, particularly its efforts in improving compliance with the Cape Town Convention (CTC), which it noted, has positioned Nigeria as a more reliable destination for aircraft leasing. This commendation follows the Aviation Working Group’s (AWG) recent announcement that Nigeria’s CTC compliance index score…

The Central Bank of Nigeria (CBN), governor, Olayemi Cardoso  on Tuesday said N1.4 trillion will be distributed in the next three months to aid cash flow within the banking system. He disclosed this during a press conference in Abuja. Speaking on the issue of cash insufficiency in most bank’s automated teller machine (ATM), Cardoso said the apex bank is working…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) after a two-day meeting  in Abuja increased the interest rate or Monetary Policy Rate (MPR) by 50 basis points  to 27.25 per cent in September 2024 from  previous 26.75 per cent.  Additionally, the committee on Tuesday elevated the Cash Reserve Ratio (CRR) by 50 basis points, increasing the…

The founder of Dangote Petroleum Refinery, Aliko Dangote  on Monday urged the Federal Government that   this is the right time to stop paying subsidy  for petrol. Dangote spoke during an interview with Bloomberg TV, said  “I think it is the right time to (take away subsidy) because all countries have gotten rid of subsidy,” he said. He said subsidy is…

Coronation Art Gallery’s highly anticipated 2024 exhibition, which held on September 19th, brought together a distinguished group of leaders from Nigeria’s private and public sectors. Headlined by Minister of Finance & Coordinating Minister of the Economy, Mr. Wale Edun, the event underscored the importance of art as a multidimensional asset class that contributes to wealth creation and socio-economic development. y…