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CBN Increases Interest Rate To 18.50%

The Central Bank of Nigeria (CBN) has again increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. The Governor of the CBN, Mr Godwin Emefiele, announced this interest rate hike on Wednesday while addressing newsmen in Abuja. He said members of the team agreed to raise the benchmark interest rate to curb inflation. The CBN …

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Oando And LAMATA To Build Local Capacity With Electric Mass Transit Buses

On Tuesday, May 23, Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando, Nigeria’s leading energy solutions provider; in partnership with the Lagos Metropolitan Area Transport Authority (LAMATA) marked the formal commencement of operations of its electric mass transit buses in a grand ceremony at Lagos Bus Services Limited (LBSL) Head Office, Illupeju, Lagos. The initiative aimed at …

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