CBN to maintain tight monetary policy, estimates 12% inflation

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has projected that the current monetary policy stance of the bank is ...

NNPC considers extending gas pipeline to Algeria

by Rate Captain

March 20, 2019

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The Nigerian National Petroleum Corporation is considering extending the ongoing Ajaokuta-Kaduna-Kano gas pipeline system across the Sahara to Algeria in ...

FG to redeem N139.6bn Treasury bills, bonds …as CBN auctions N48.6bn T-bills this week

by Rate Captain

March 19, 2019

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The Federal Government is expected to redeem N48.6bn Treasury bills and make N91bn bond coupon payment this week to bolster system liquidity. The Central ...

FG reopens N100bn bond offer this week

by Rate Captain

March 16, 2019

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The Debt Management Office, on behalf of the Federal Government, is expected to offer a total of N100bn for subscription on February 27, ...

Take over operation of OML 11 from Shell, Buhari orders NNPC

by Rate Captain

March 14, 2019

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President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation to take over the operatorship of the entire Oil Mining Lease ...

Textile industry: Emefiele faults LCCI position on forex restriction

by Rate Captain

March 13, 2019

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The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, on Monday said the recent measures announced by the apex bank to ...

Power generation loses 1,108MW, drops to 3,456MW

by Rate Captain

February 28, 2019

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Electricity generation in the country plunged to 3,456 megawatts on Tuesday, losing 1,108MW in seven days, according to latest data obtained by our correspondent ...