Walmart increases minimum wage to $14 per hour
By Christian George While firms globally are stylishly slashing down its workforce, Walmart has concluded plans to increase its hourly workers wage in the U.S to $14. This was…
Five facts about Imota rice mill
The Imota rice mill was on Monday, commissioned by the President, Major General Muhammadu Buhari (retd.), in Lagos State. The much anticipated project has been adjudged to be a…
Lekki sea port’ll reduce Nigeria’s trading cost – NPA MD
Kazeem Owoseni The Managing Director of Nigerian Port Authority, Mohammed Bello Koko has said that, with the newly commissioned Lekki Deep Sea Port in Lagos State, the traffic…
What every Nigerian should know about the interest rate
Oluwanifemi Ojo Interest rate is a measure of the amount paid on a borrowed money or the amount received for saving money. This means, if an amount of money…
New naira note: CBN insist on January 31st deadline
Juliet Buna The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes,…
Senate ask CBN to extend deadline of new naira note
Juliet Buna The Senate has once again asked the Central Bank of Nigeria to extend the deadline for the stoppage of the use of old naira notes from January…
CBN raises interest rate to 17.5%
The Central Bank of Nigeria has raised the Monetary Policy Rate, which measures the interest rate to 17.5 per cent. The CBN Governor, Godwin Emefiele, announced this after the…
New naira: 50% unbanked Nigerians may lose savings, says report
Oluwanifemi Ojo A new report by the Inclusion for all Initiative predicts that over 50 percent of Nigerians without access to banking services could lose their savings as the…
Mutual Benefits won’t relent on customer experience improvement – Chairman
Chairman of Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi, has assured key stakeholders and the insuring company that the organisation will continue to offer improve customer services in the…
FG empowers NMDPRA to tackle petrol price hike
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this week, to enhance the authority’s capacity to curb…
New naira: Customers flood Kebbi bank one week to CBN deadline
As the deadline for the use of old naira notes draws closer, some customers in Birnin Kebbi, Kebbi State capital, on Monday, flocked to banks to deposit or withdraw cash…
Banks lending rate to customers hits 29.13%
As of the end of December 2022, the maximum loan rate in the banking industry was 29.13%, while the return on savings deposits was 4.13%. Data on money market…
