Editor
President Tinubu scheduled to commission the Lagos Redline Train on Thursday
...The train is the first phase of the project, which will run from Agbado in Ogun State to Oyingbo in the heart of Lagos.
...The...
CPPE says CBN’s jumbo interest rate hike failed to reckon with...
...The response of the Centre for the Promotion of Private Enterprise (CPPE) to yesterday's 400bps increase in Monetary Policy Rate (MPR) to 22.5% by...
Petrol subsidy removal necessary for long-term energy security and economic prosperity...
...Tinubu admitted that the decision to remove the petroleum subsidy was a challenging one, but stressed that it was a step that must be...
CBN Governor Cardoso, anticipates favorable outcomes in the short to medium...
TUE, FEB 27 2024-theGBJournal| The Central Bank of Nigeria (CBN) says he is anticipating favorable outcomes in the short to medium term given the...
Markets Brief| Naira tumbles at NAFEM to N1,615.94/US$, bonds yield rise...
...At the money market, the overnight lending rate expanded by 246bps to 26.7%, in the absence of any significant funding pressure on the system.
TUE,...
Selloffs pile pressure on equities market as NGX All-Share Index falls...
...Selloffs in MTNN (-9.94%), FBNH (-10.00%), and GTCO (-0.13%) outweighed gains in TRANSCORP (+2.85%), STERLINGNG (+4.55%) and HONYFLOUR
TUE, FEB 27 2024-theGBJournal| The Nigerian equities...
Analysis| How to deal with high interest rates
...What are the effects of high-interest rates?
...Historically, rises in market interest rates have been accompanied by cries of pain from borrowers, including industry, complaining...
CBN’s Monetary Policy Committee delivers record interest rate hike
...All other parameters were raised except for liquidity rate which it retained at 30.0%.
...The asymmetric corridor is hiked +100bps/-700bps (Previously: +100bps/-300bps) while the CRR...
CBN approves sale of forex to Bureau De Change at N1,301/$
...The CBN says all BDCs are allowed to sell to end-users at a margin ''not more than one percent (1%) above the purchase rate...
Leading IOCs are affirming their commitment as TotalEnergies, Shell, Chevron double...
...Ahead of the Invest in African Energy forum this May, leading IOCs have outlined substantial investment commitments to Africa’s frontier exploration and emerging LNG...
