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CBN unveils N500bn new minimum capital requirements for commercial banks
…Gives lenders 24 months to recapitalise By Tochukwu Bliss, Abuja Within the next two years, commercial banks operating…
CBN’s MPC raises benchmark interest rate to 13%
. Retains other parameters The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted…
Transition key to tackling global energy, climate crisis
Clara Nwachukwu Short-term interventions addressing the current energy crisis must be accompanied by a steadfast focus on mid-…
CBN to establish financial centre to boost economic growth
The Central Bank of Nigeria (CBN) has set in motion plans to establish the Nigeria International Finance Centre…
IRENA, Hydrogen Council, others collaborate to accelerate energy transition
The International Renewable Energy Agency (IRENA) and the Hydrogen Council, a global CEO coalition, today (Wednesday), signed a…
Nigeria’s Q2 2021 GDP rises by 5.01%
Nigeria’s gross domestic product (GDP) witnessed a quantum leap by 5.01% year-on-year in the second quarter (Q2) of…
President Buhari signs PIB into law
Despite unresolved issues, President Muhammadu Buhari has signed the controversial Petroleum Industry Bill (PIB) 2021 into law. This…
EU unveils sweeping climate change plan
The European Union has announced a raft of climate change legislation aimed at pushing it towards its goal…