CBN releases cash, orders banks to open on weekends
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.
Rainoil calls for optimal utilisation of gas to achieve energy security, equity
The Executive Director, Rainoil Limited, Mr. Emmanuel Omuojine, has said the optimal utilisation of gas is the guarantee to acvhieving energy security and equity in Africa.
Nigeria’s economy maintains nine-quarter consecutive growth — CBN
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting the recession in 2020.
Experts canvass for smart meters to improve electricity distribution, revenue generation
Energy experts have warned on the need to use Smart Metering to improve electricity distribution and revenue generation across the country.
Petrol price increased by 54.76% per litre in one year – NBS
The National Bureau of Statistics says the average retail price of a litre of the Premium Motor Spirit, popularly known as petrol, increased by 54.76 per cent from N170.42 in February 2022 to N263.76 in February 2023. It made the declaration in its Petrol Price Watch for February 2023 released in Abuja on Tuesday. It […]
Just in: CBN raises interest rate to 18%
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 50 basis points to 18. per cent.
