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Nigeria, central bank

Nigeria’s Naira Hits Fresh Low Against Dollar Despite Rate Hike

Nigeria’s naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase amid ongoing local scarcity of the US currency.

Hosted on MSN · 2d

Nigeria's central bank surprises with fifth rate hike this year

Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.

invezz on MSN · 2d

Nigeria’s central bank raises interest rate to 27.25% amid inflation concerns

Nigeria’s central bank surprised the market on Tuesday by raising its benchmark lending rate by 50 basis points to 27.25%. This is the fifth rate hike of the year and reflects the bank’s ongoing battle against inflationary pressures,

Daily Post Nigeria on MSN · 2d

BREAKING: In fifth consecutive hike, CBN raises Nigeria’s interest rate to 27.25%

The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, has raised the interest rate by 50 basis points to 27.25 percent, the fifth hike since February 2024. CBN Governor Olayemi Cardoso disclosed this during a press briefing at the end of 297th MPC in Abuja on Tuesday.

Nigeria, ExxonMobil

Hosted on MSN · 16h

Exxon plans $10 billion oil investment in Nigeria, presidency says

Exxon Mobil Corp has proposed a $10 billion investment in offshore oil operations in a new investment push in Nigeria, a presidential spokesperson said on Thursday, citing company executives. The investment was announced during talks between Nigeria's Vice President Kashim Shettima and the CEO of Exxon's Nigeria operations Shane Harris on the sidelines of the U.

Yahoo Finance · 12h

Nigeria Says Exxon Weighs $10 Billion Offshore-Oil Investment

(Bloomberg) -- Exxon Mobil Corp. is considering investing as much as $10 billion in Nigeria’s offshore oil industry over the coming years, despite finalizing the sale of shallow-water assets to a local firm, the country’s government said. Most Read ...

Crude Oil Prices · 12h

Exxon Proposes $10 Billion Investment in Nigeria’s Deepwater Oil

ExxonMobil has announced a $10 billion investment in Nigeria's deepwater oil operations, signaling a renewed commitment to the country's energy sector.

14h

Gluwa CEO Advocates for a Borderless Financial System for Nigeria's Creative Industry at UN General Assembly Side Event

Gluwa CEO participated in the "Destination 2030: Nigeria Everywhere" event, a side panel during the United Nations General ...

10h

Nigeria Military Says Dozens of Militia Group Leaders Killed Over Past Three Months

Nigeria faces widespread insecurity including a 15-year Islamist insurgency in its northeast, separatist violence in the southeast, rampant oil theft in the Niger River delta and kidnapping for ransom ...

As Global Temperatures Rise, Nigeria Faces a Cooling Crisis

With electricity scarce, Africa’s most populated country struggles to provide lifesaving cooling without worsening the very ...

devdiscourse10h

Nigeria's Military Offensive: Key Militia Leaders and Fighters Neutralized

Nigeria's military has launched a significant offensive in the third quarter of the year, neutralizing 65 key terrorist leaders and combatants and over 1,900 fighters across the country. This move ...

Nigeria Set to Pause Two-Year Tightening Cycle as Inflation Cools

Nigeria’s monetary policymakers are expected to cautiously loosen their grip on a more than two-year tightening cycle on ...

Baking Business14h

BUA Foods expanding pasta plant in Nigeria

LAGOS, NIGERIA — BUA Foods PLC, a Nigerian food manufacturer, plans to expand pasta production by 400,000 tonnes per year at ...

Daily Post Nigeria4h

Nigeria Police arrest four over alleged sextortion, romance scam

The Nigeria Police Force National Cybercrime Center, NPF-NCCC has arrested at least four suspects in connection with an ...

PM NEWS Nigeria2h

Nigeria inaugurates ambitious carbon market plan

The Federal Government has said it is optimistic that the Nigeria Carbon Market Activation Policy (NCMAP) will unlock a ...

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