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MayOando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment […]
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MayReport recently published by the National Bureau of Statistics revealed that Nigeria’s Gross Domestic Product (GDP) dropped to 2.31% in the first quarter of 2023 from 3.52% recorded in the fourth quarter of 2022. The reduction in growth is attributed to the adverse effects of the cash crunch experienced during the quarter. The performance of the GDP[…]
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MayThe Central Bank of Nigeria (CBN) has increased the interest rate from 18% to 18.5%. The CBN governor, Godwin Emefiele, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja. Mr Emefiele, said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR. Source: CBN[…]
