CBN raises interest rate by 150 basis points to 26.25%

8 mins ago
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has announced a 150 basis points increase in the benchmark interest rate, raising it from 24.75% to 26.25%. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s…
10 hours ago
The Director General of the Debt Management Office (DMO), Patience Oniha, said the federal government has so far raised N4.5 trillion out
10 hours ago
Platform Petroleum has announced its plans to invest a billion dollar in expanding its operations, targeting the production of 10,000 barrel
10 hours ago
Amidst efforts to increase revenue generation from tax, the Chartered Institute of Taxation of Nigeria (CITN), yesterday, in Abuja insisted
1 day ago
Microsoft CEO Satya Nadella unveiled a new category of PC on Monday that features generative artificial intelligence tools built directly into Windows, the company’s world leading operating system. The tech giant estimates that more than 50 million “AI PCs” will be sold over the next 12 months, given the appetite for devices powered by ChatGPT-style…