Cardoso, Oyedele sign Monetary-Fiscal policy coordination MOU
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have signed a Memorandum of Understanding (MOU) on Monetary-Fiscal Policy Coordination to strengthen their partnership in the pursuit of stronger macroeconomic management, lasting economic stability and sustainable prosperity for all Nigerians. The Governor of the CBN, Mr. […]
SON approves new standards for chemical, food products
Standards Organisation of Nigeria(SON) has approved 133 Nigerian Industrial Standards(NIS) for Chemical, Food, and Leather Technology as well as for Mechanical Engineering and Textile Technology
Industrialists unmoved by N500bn Industrial Revival Fund
Industrialists have said that they are not excited by the proposed N500 billion Industrial Revival Fund (IRF) by the Federal Government, as it may yet be another dud cheque.
Prices of foodstuffs remain high in Lagos
The prices of foodstuffs in Lagos metropolis are still on the high side, some eight months into the year.According to a market survey conducted by the News Agency of Nigeria (NAN) on Tuesday in Lagos, the prices rice, beans and garri are now beyond the reach of the ordinary consumers.For instance, at the Oyingbo, Ketu, Mile-12, Daleko, Agboju, Suru/Alaba, Ajao Estate and Iddo markets, a bag of rice is sold for between N7, 500 and N10,000, depending on the brand.
Interconnect rates ready next month — NCC
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Mr Ernest Ndukwe, says the interconnect rates will be ready next month. Interconnect rates are the rates which service providers pay to each other for terminating calls on their fixed or mobile networks.
CBN withdraws N110.5bln from circulation
Activities at the Open Market Operation (OMO) wing of the money market showed that the Central Bank of Nigeria (CBN) withdrew N110.5 billion from circulation last week. The News Agency of Nigeria (NAN) reports that the CBN also raked in N35.39 billion from the OMO and N75.11 billion on bills at the Primary Market Auction (PMA) respectively.
