Business

Petroleum Marketers’ Borrowing Surges Amid Rising Costs and High Interest Rates

Petroleum marketers in Nigeria have experienced a significant surge in bank borrowing, attributed to escalating costs of procuring products and…

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CBN Approves CFA Franc for Repatriation of Export Proceeds, Boosting Nigeria’s Non-Oil Export Sector

The Central Bank of Nigeria (CBN) has officially approved the inclusion of the CFA Franc on Nigeria Export Proceeds (NXP)…

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German Inflation Unexpectedly Slows in Boost for ECB

German inflation unexpectedly slowed in January in its first decline for several months, official data showed Friday, bolstering the case…

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CBN Expresses Its Commitment to Taming Inflation and Stabilizing the Economy – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed the bank’s commitment to controlling inflation and…

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NAICOM Issues Fresh Annuity Rules, Mandates Actuarial Oversight

The National Insurance Commission has issued fresh regulations on annuity business with effect from February 1, 2025, in a bid…

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Cardoso Says CBN Policies Prevented 42.81% Inflation in 2024

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the apex bank’s “decisive policy interventions” prevented inflation…

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MRS Oil Reports Strong PMS Sales, 63% Pre-Tax Profit in 2024

MRS Oil Nigeria Plc has reported a pre-tax profit of N403.5 million for Q4 2024 in its recent financial statement,…

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