CBN RAISES INTEREST RATE TO 27.65 PER CENT.
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end of the 296th MPC meeting in Abuja on Tuesday. The MPC had maintained a hawkish […]
HOUSE OF REPRESENTATIVES TELLS PARTIES IN ONGOING PETROLEUM SECTOR DISPUTES TO CEASE-FIRE AS PROBE COMMENCES
The House of Representatives on Monday called on all parties involved in the ongoing disputes in the petroleum sector to cease fire pending the outcome of its investigations. The House at the plenary on July 9 constituted a Joint Petroleum Committees on Midstream and Downstream sectors to conduct a forensic investigation towards addressing the pressing issues […]
PRESIDENT DANGOTE GROUP, ALIKO DANGOTE OFFERS TO SELL THE DANGOTE REFINERY TO THE NIGERIAN NATIONAL PETROLEUM CORPORATION LIMITED.
President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over the […]
MINISTER OF WORKS, SENATOR DAVE UMAHI DESCRIBES THE ENUGU-PORT HARCOURT EXPRESSWAY AS PRIORITY PROJECTS.
Minister of Works, Senator Dave Umahi, has described the Enugu-Port Harcourt Expressway as part of the Federal Government’s priority projects. Senator Umahi said this on Sunday while addressing newsmen after inspecting the Aba section of the Enugu-Port Harcourt Expressway, Port Harcourt Road, Aba and other federal roads undergoing rehabilitation in Aba and its environs. He […]
MEMBERS OF HOUSE OF REPRESENTATIVES PLEDGE TO GIVE UP 50 PER CENT OF THEIR SALARIES FOR SIX MONTHS TO ADDRESS THE HUNGER ACROSS THE COUNTRY.
The House of Representatives at a plenary session on Thursday pledged to give up 50 per cent of their salaries for six months to address the hunger across the country. During the session presided over by Speaker Tajudeen Abbas, Deputy Speaker Benjamin Kalu amended the motion, urging his colleagues to sacrifice 50% of their […]
SENATE SAYS ITS EMERGENCY MEETING WITH THE ECONOMIC TEAM OF PRESIDENT BOLA TINUBU IS TO ASSESS THE ECONOMY AND LEVEL OF IMPLEMENTATION OF THE 2024 BUDGET.
Senate says its emergency meeting with the economic team of President Bola Tinubu is to assess the level of implementation of the 2024 budget and how it impacts on the lives of the common Nigerians. In his remarks at the meeting ,Senate Committee chairman of Finance Senator Sani Musa said the although the committee is […]