Economy

Experts Say CBN Rate Cut Could Unlock Cheaper Credit, Boost Investment

Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane, told THISDAY that the latest decision should be viewed against…

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CBN Slashes Interest Rate By 350bps to 23%, Signals Cheaper Credit

Central Bank of Nigeria (CBN) on Tuesday slashed the Monetary Policy Rate (MPR), the benchmark interest rate, by 350 basis…

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NMDPRA Unveils 138 Rules to Break Monopoly, Curb Price-Fixing in Oil Sector

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday announced that it was proposing 138 new regulations to…

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Wema Bank MD Urges Auditors To Strengthen Digital Risk Controls

The Managing Director/Chief Executive Officer of Wema Bank Plc, Mr. Moruf Oseni, has charged audit executives in the banking sector…

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Samson Esemuede: Nigeria’s Power System Cannot Absorb $10bn Investment Under Current Structure

Chief Investment Officer at Zrosk Investment Management, Samson Esemuede, has said Nigeria’s current power system cannot support a $10 billion…

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Afreximbank, ATDC Sign $500m Facility To Boost African Commodity Trade

The agreement will provide financing for the purchase and aggregation of African goods, while supporting logistics, transportation, warehousing and distribution…

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Nigerian Stocks Hit Record High As NGX Market Cap Rises To N162.39trn

The milestone coincided with FTSE Russell’s restoration of Nigeria to its Frontier Market Index, reversing nearly three years of exclusion…

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Alibaba Unveils New AI Chip, Plans 20GW Global Data Centre Capacity By 2032

The company made the announcements at the annual Apsara Conference hosted by its cloud computing unit in Hangzhou, where it…

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Dangote: Refinery IPO Will Give Millions Of Africans Stake In Industrial Transformation

President and Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, has reaffirmed the Group’s unwavering commitment to Africa’s industrial…

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Gastech: Ekpo Pushes Nigeria-Libya Gas Pipeline, Courts Fresh Investments To Unlock 215TCF Reserves

The federal government has intensified its drive to attract fresh investment, technology and strategic partnerships into Nigeria’s gas sector, as…

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