Business

By Eyo Nsima The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has increased the Monetary Policy Rate (MPR) – benchmark interest rate that guides all other rates in the money market – by another 100 basis points (bps) to 14 per cent from 13 per cent. The Committee had, at its […]

Purple Real Estate Income limited (“PREIL”), Nigeria’s breakthrough real estate investment platform, today announced the signing of agreements with Genesis Cinemas, Market Square and The Ventures Park to be the anchor tenants and partners at the PurpleLekki, a new development scheduled to open in late 2022. The 38,000 square metre Purple Lekki will encompass a

PwC Nigeria has announced the admission of five new partners effective July 1, 2022. They are Abisola Atitebi, Habeeb Jaiyeola, and Femi Madariola from the firm’s Assurance practice, and Gbenga Adepetu and Tiwalade Otufale from Advisory and Tax, respectively. A record 36 new partners joined the partnership in PwC Africa, of which 51% are female.

The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guidelines that will oblige the oil and gas industry to patronize the local insurance sector, thereby retaining spending on the economy. The guidelines will also address loopholes that have been identified while implementing the provisions of the

By Eyo Nsima The Lagos Chamber of Commerce and Industry, LCCI, said the recent hike in the Monetary Policy Rate (MPR) by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) from 11.5% to 13% was well expected by the Chamber following recent fundamentals in the economy. In a statement obtained by The

The outcome of the MPC meeting of 24th May 2022 was not unexpected having regard to the intense inflationary pressures, the increasing risks to price stability and the policy tightening trend by Central Banks globally. The primary mandate of the CBN is price stability. Numerous headwinds had posed significant risks to this critical CBN objective.

The Chief Operating Officer of Miccom Cables, Olubukola Adubi has lauded the Standards Organisation of Nigeria (SON) and the Lagos State Consumer Protection Agency (LASCOPA) over their recently announced collaboration to stamp out counterfeiting and peddling of substandard products from the market. She said this whilst speaking at a courtesy visit of Miccom to SON

17 Early-stage Businesses start 2022 NCIC/All On Ideation Incubation Program By Eyo Nsima   Nigeria Climate Innovation Centre (NCIC) with support from All On, is pleased to announce the 2022 edition of their annual ideation incubation program for early-stage renewable energy entrepreneurs. Bankole Oloruntoba, Chief Executive Officer of NCIC, while addressing the 2022 cohort during