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CBN Increases Interest Rate To 18%

Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent.This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading the communiqué of the second MPC meeting. He said the committee also pegged the liquidity ratio at thirty percent. The tightening…

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Dana Air increases frequency

…… NCAA commends airline for high safety standards Dana Air has announced an increase in frequency across it’s destinations Speaking on the development, the spokesperson of the airline Kingsley Ezenwa said Dana Air upon receipt of some of its aircraft from maintenance started with an abridged schedule but decided to increase frequency based on the…

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Task force raids filling stations in Kwara

The Kwara State Government Task Force on Monday, raided some filling stations within the Ilorin metropolis, cautioning attendants against hoarding of fuel which the government says imposes needless hardship on the masses. A statement signed by Mashood Agboola, Deputy Chief Press Secretary, Government House in Ilorin on Monday, said the raid was part of the…

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Company blames insufficient power allocation for unstable electricity supply

The Abuja Electricity Distribution Company (AEDC) said insufficient power allocation to the company by generation stations was responsible for the unstable electricity supply in the region. Adamu Muhammed, public relations Officer, Niger Region, AEDC, disclosed this while speaking with the News Agency of Nigeria (NAN) on Sunday in Minna. “The Management of AEDC PLC wishes…

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