Business

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At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said. The apex bank said this in its first quarter report on currency-in-circulation and deposits. This was in contrast to the respective decline of 3.9 per cent and four per cent at the end […]

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that all the 11 […]

The Nigerian Electricity Regulatory Commission has said electricity customers will be able to acquire meters without upfront payment starting from next month. NERC said customers could get meters and pay in installments within one year or a maximum of 10 years, with the prices of a one-phase and three-phase meters put at N36, 992 and […]

Technology firm, Tecno Nigeria, has stressed the need for more investment in youth development. Its Marketing Manager, Jeff Tang, who spoke during scholarship presentation to pupils in Lagos, said it is in realisation of the importance of youth development that the firm, through Tecno Foundation, is giving back to the society. He said the firm […]

The nation’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration, data from the Debt Management Office showed. The external debt soared to $25.61bn on March 31, 2019 from $10.32bn on June 30, 2015, according to the DMO. Eurobonds worth $10.87bn accounted for the largest chunk […]


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