6 h. ago Nigeria’s interest rate pause sparks mixed reactions across market

For the first time in about three years, Nigeria’s Monetary Policy Committee (MPC) decided to pause its aggressive interest rate read more Nigeria’s interest rate pause sparks mixed reactions across market

Politics

14 h. ago Maintaining MPR at 27.50 per cent, beginning of better deal for business —LCCI

Tribune Online Maintaining MPR at 27.50 per cent, beginning of better deal for business —LCCI THE Lagos Chamber of Commerce and Industry (LCCI) has commended the latest decision by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to retain the Monetary Policy Rate (MPR) at 27.50 percent, describing it as the beginning of a better deal for the business community, regarding credit cost. The Chamber, in a […] Maintaining MPR at 27.50 per cent, beginning of better deal for business —LCCI Tribune Online

Economics

4 d. ago JUST IN: CBN retains interest rate at 27.50%, maintains other parameters

Tribune Online JUST IN: CBN retains interest rate at 27.50%, maintains other parameters The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters. This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja. In this regard, that keeps the Monetary Policy Rate (MPR) at 27.50 percent, and retains the asymmetric corridor around […] JUST IN: CBN retains interest rate at 27.50%, maintains other parameters Tribune Online

Politics

4 d. ago Pounds Wants Nigeria’s Healthcare System To Prioritise Clinical Malnutrition Amid Crisis

The president of the West African Society of Parenteral & Enteral Nutrition (WASPEN), Dr Theresa Pounds, has raised concern over the high rate of clinical malnutrition, which poses a major threat and affecting patients’ health and recovery rate in hospitals across Nigeria. Speaking at a virtual meeting with journalists, Dr Pounds charged the Federal, State […]

Politics

5 d. ago FG wants Binance to pay $79bn for economic loss fine, $2bn tax

Tribune Online FG wants Binance to pay $79bn for economic loss fine, $2bn tax In the new case, the Federal Inland Revenue Service (FIRS) is imposing demands and alleged liabilities, which include a 10% penalty for non-payment of income tax for the years 2022 and 2023. Additionally, there is a 26.75% interest rate applied—reflecting the prevailing Central Bank of Nigeria (CBN) lending rate per annum—starting from January 1, 2023, and January 1, 2024, respectively, along with other charges. FG wants Binance to pay $79bn for economic loss fine, $2bn tax Tribune Online

Economics

6 d. ago Why Nigeria’s inflation rate falls to 24.48% after rebasing — NBS

Tribune Online Why Nigeria’s inflation rate falls to 24.48% after rebasing — NBS The National Bureau of Statistics (NBS) has explained why Nigeria’s headline inflation rate dropped to 24.48 percent in January 2025 after rebasing. The Statistician-General of the Federation and Chief Executive Officer of the NBS, Prince Adeyemi Adeniran, provided the explanation on Tuesday at the launch of the rebased Consumer Price Index (CPI) report. He noted […] Why Nigeria’s inflation rate falls to 24.48% after rebasing — NBS Tribune Online

Politics

6 d. ago Nigeria’s Inflation Drops To 24.48% After CPI Rebasing – NBS

The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate decreased from 34.8 per cent in December 2024 to 24.48 per cent in January 2025 following the rebasing of the consumer price index (CPI). The NBS revealed in its CPI report for January published on Tuesday that the rate represented an increase of […]

Politics