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NNPC forecloses fuel price hike in February
…seeks sanction for marketers hoarding products Notwithstanding the rise in the price of crude oil in the international market, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the price of Premium Motor Spirit (PMS) otherwise known as petrol in February. T he corporation explained that the decision was to allow ongoing […]
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CBN retains lending rate at 11.5%
The Monetary Policy Committe (MPC), yesterday, unanimously voted to retain the lending rate (MPR) at 11.5 per cent; asymmetric corridor of +100/-700 basis points around the MPR; retain Cash Reserves Ratio ( CRR) at 27.5 per cen and Liquidity Ratio at 30 per cent for umpeenth time. On the state of economy, which informed […]
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APC govt has failed on security, welfare –PDP govs
…call for national dialogue Governors elected on the platform of the Peoples Democratic Party (PDP) have called for national dialogue to find solution to the socio-political and economic problems facing the country. The governors stated that the APC-led Federal Government “has failed Nigerians on issues of security and the general welfare and wellbeing of our […]
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