Business articles

CBN retains 14% interest rate

CBN retains 14% interest rate

The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) otherwise known as interest rate at 14 per cent. The apex bank disclosed this at the end of its Monetary Policy Committee (MPC) meeting in Abuja. Addressing journalists on the outcome of the meeting, the CBN Governor, Godwin Emiefele, said following

Senate to probe Abuja electricity company over fraudulent bills

The Senate is set to investigate the Abuja Electricity Distribution Company (AEDC) over alleged fraudulent billing of electricity consumers in the Federal Capital Territory.   Senator Dino Melaye, who raised the matter at plenary on Tuesday, said the AEDC has been perpetrating the alleged scam though estimated billing system.   Based on the information provided

OPEC ministers meet in Vienna on Thursday

Ministers from oil exporting countries have been scheduled to meet in Vienna, Austria on Thursday. The meeting is intended to discuss oil production cuts amid increased competition from U.S. shale producers. According to the information available on the Organisation of the Petroleum Exporting Countries website, it is the organisation’s 172nd meeting. The OPEC Secretariat calculations states

Dollar crashes to N380/$1 as MPC meets

The dollar yesterday recorded its worst outing in more than three months against the naira, exchanging at N380/$1 in the parallel market. The rate comes ahead of tomorrow’s Central Bank of Nigeria (CBN) led Monetary Policy Committee (MPC) meeting in Abuja. The local currency was exchanging at N385/$1 on Friday and has maintained steady decline

Osinbajo can assent to 2017 budget, Enang makes u-turn

The Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang, has said the Acting President has the powers to assent to the 2017 budget. Enang told State House correspondents that the Acting President has the constitutional power to assent to the bill once he is satisfied with the content, shortly after

Breaking: Osinbajo receives 2017 budget

Acting President Yemi Osinbajo on Friday received the 2017 budget passed by the National Assembly last week. The Senior Special Assistant to President Muhammadu Buhari on National Assembly Matters (Senate), Mr. Ita Enang in a closed door session presented the document to Osinbajo at the Presidential Villa, Abuja. The budget first presented in December 2016

Kirusa Launches Instavoice® Channels With Tigo In Rwanda

Kirusa, a global leader in providing telecom and social media solutions, today announced the launch of Celeb and Sports content services on InstaVoice® Channels platform, with Tigo Rwanda, a leading mobile network in the country. The Celeb content service, which is offered as a part of InstaVoice Channels, brings celebrities and their fans together. Using