Economy

CBN retains interest rate at 27.5%

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.5 per cent. The MPR is used to...

Dangote Refinery exports 1 million tonnes of petrol worldwide in 50 days

The Dangote oil refinery has begun exporting Premium Motor Spirit to other countries of the world. The president of the Dangote Group, Alhaji Aliko Dangote,...

Tinubu urges Africa to set its own energy prices, calls for transparent benchmarks 

President Bola Tinubu, on Tuesday, stated that Africa must take ownership of its energy resources by creating credible and transparent benchmarks that reflect the...

Nigeria now spends below 50% of revenue on debt servicing: Oyedele 

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, disclosed that the country currently spends less than 50 per...

Nigeria’s GDP grows by 3.13% 

Nigeria’s Gross Domestic Product grew by 3.13 per cent year-on-year in real terms in the first quarter of 2025. This is according to the latest...

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