PANDEF demands greater Niger Delta inclusion in oil block allocation

…Condemns Environmental Degradation The Pan Niger Delta Forum (PANDEF) has called on the Federal Government to reserve at least 60 per cent of oil blocks and marginal fields for companies owned by people of the Niger Delta region. The group made the demand in a statement signed by its National Spokesman and Publicity Secretary, Chief […]
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CBN retains interest rate at 26.5%

…Says Forbearance Era Over as Reserves Hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent, citing the need for a cautious monetary policy stance amid global economic uncertainties. CBN Governor, Mr. Olayemi Cardoso, announced the decision on Tuesday at […]

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