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Tag: Dailytrust
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Against expectation, CBN raises interest rate to 27.25%
Categories: BusinessContinue Reading: Against expectation, CBN raises interest rate to 27.25%…Experts express mix reaction over hike In a move that took the market by surprise, the Central Bank of Nigeria (CBN) Monetary Policy Committee voted to further raise interest…
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BREAKING: Again, CBN jacks up interest rate to 27.25 percent
Categories: BusinessContinue Reading: BREAKING: Again, CBN jacks up interest rate to 27.25 percentThe Central Bank of Nigeria (CBN) has again raised the Monetary Policy rate by 50 basis points to 27.25 from 26.75 percent. The committee also retains asymmetric corridor to +500…
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Refineries in Europe, Asia face profit slump over new plants – Report
Categories: BusinessContinue Reading: Refineries in Europe, Asia face profit slump over new plants – Report…There will be more competition – Expert Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows following the springing up…
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How youths can make money from pineapple farming
Categories: AgricultureContinue Reading: How youths can make money from pineapple farmingA renowned pineapple farmer, Osemwonghogho Henry, has said that lack of government attention is affecting pineapple farming in the country. But the graduate of Economic Education, said despite that, pineapple farming…
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Sugar masterplan targets $5bn investments – NSDC
Categories: BusinessContinue Reading: Sugar masterplan targets $5bn investments – NSDCThe National Sugar Development Council has revealed that the second phase of Nigera Sugar Master Plan (NSMP) is targeted at boosting production up to two million metric tons annually which…
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CBN to now charge cybercrime levy at 0.005% in new guidelines
Categories: BusinessContinue Reading: CBN to now charge cybercrime levy at 0.005% in new guidelinesReconstitutes Keystone Bank’s board The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005% on all electronic transactions under its…
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Why cocoa farmers are relocating from Edo
Categories: AgricultureContinue Reading: Why cocoa farmers are relocating from EdoCocoa is one of the major crops in Edo but the farmers said lack of forest for planting and other challenges are affecting production in the state. One of the…
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NNPC lifts 70 trucks of petrol from Dangote refinery
Categories: BusinessContinue Reading: NNPC lifts 70 trucks of petrol from Dangote refinery‘We bought at N898 per litre’ We don’t expect price reduction — MEMAN As promised by the federal government, the first set of trucks yesterday lifted premium motor spirit…
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How Okada riders changed rice farming in Lagos, Ogun
Categories: AgricultureContinue Reading: How Okada riders changed rice farming in Lagos, OgunRice farming in Magboro along the Lagos- Ibadan expressway in Ifo Local Government Area of Ogun State is now attracting people of various classes and business backgrounds, thereby boosting economic…
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50% IGR cut: Keyamo intervenes as aviation unions threaten protest
Categories: BusinessContinue Reading: 50% IGR cut: Keyamo intervenes as aviation unions threaten protestThe Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has intervened as the unions in the industry have declared a peaceful protest on Wednesday next week to demand an…
