Category: nairalaw.com

FEC Adopts Oronsaye Report on Civil Service Reform The Federal Executive Council has adopted the Steve Oronsaye report on the reform of the civil service to cut cost of governance.…

LASG Enforces Building Permits, Requires Pre-Construction Authorisation The Lagos State Building Control Agency (LASBCA) has urged builders and developers to ensure they obtain a letter of authorisation from the agency…

Liquidity Squeeze: Banks Borrow N1.4trn from CBN on Friday Some deposit money banks borrowed N1.4 trillion from the standing lending facility (SLF) of the Central Bank of Nigeria (CBN) standing…

Oil Slides to $80 as Demand Slows Oil prices slid to $80 as global demand slowed down following multiple economic uncertainties. On Monday, the oil market extended the sell-off from…

Alpha Seekers Bet N2.24Trn on Treasury Bills The Central Bank of Nigeria (CBN) refused large Treasury bill demand by local investors in its latest primary market auction. Alpha seeking investors…

Geregu Power Grows Shareholders’ Wealth by 8 Fold In 2024, few listed stocks have seen a fast and furious increase in market valuation. Geregu Power Plc is among one of…

Hardship: CPPE Wants CBN to peg Customs Duty at N1000/$ The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg the…

FBNH Sees 11% Increase in Market Value FBN Holdings Plc (Ticker: FBNH) became investors’ toast in the stock market despite a massive run down on combined equities market capitalisation by…

MPC: Firm Sees 1.50% Interest Rate Hike in Feb Meeting To reduce inflation pressure on the economy, the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) is…