Nigeria’s central bank kept its main interest rate at 14 percent on Tuesday, its governor said, marking two years at the record high level. Godwin Emefiele cited the risk of increasing inflationary pressure in the decision by the bank’s monetary policy committee to hold the rate at its current level. The rate has been held at 14 percent since July 2016. Reuters
Related Articles
PENGASSAN seeks stiffer sanctions against Forte Oil, Seplat, others over anti-labour posturing
The Petroleum and Natural Gas Senior Staff Association of Nigeria has condemned what it described as the lingering anti-labour practice perpetrated by some indigenous oil companies operating in the country against their employees, especially Nigerian workers. Arising from the Association’s National Executive Council (NEC) meeting in Uyo, Akwa Ibom State recently, PENGASSAN listed Forte Oil, […]
11th Anniversary: Dana Air celebrates, Rewards passengers with gifts
By Foster Obi Nigerian carrier, Dana Air, on Sunday celebrated the 11th anniversary of its flight operations by rewarding customers with various gifts ranging from free tickets to souvenirs. The Chief Operating Officer, Mr Obi Mbanuzuo ,while speaking at a brief ceremony in Lagos said that the airline would never have made it this far […]
Kaduna Govt. to seal 6 firms over tax evasion
Kaduna State Internal Revenue Service (KDRIS) has said that it has obtained a court order to seal off the premises of Kaduna Electric and five other companies over failure to pay tax amounting to N216,367,453.64. The Executive Chairman of KDIRS, Muktar Ahmed, made this known during a press briefing on Saturday in Kaduna and explained […]