Day: July 23, 2025

NCDMB’s Exec Sec Inspects Training of 305 Youths At Centre For Marine And Offshore

Abibat Babalola

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for Marine and Offshore Technology Development (CMOTD), Rivers State University (RSU).Sponsored by the NCDMB, the trainings cover seven technical areas, which include Automation, Instrumentation and Control, Mechanical/Process Piping and System Design/ Pressure Vessel and Heat Exchanges Design (PV-ELITE), Electrical Power Transformer Repairs and Maintenance, and Industrial/Practical Ship Design and Construction. Other specialist areas covered by…

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CBN Retains 27.5% Interest Rate; 8 Banks Meet Recapitalisation Target

Abibat Babalola

The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 percent with all policy parameters. The Governor of CBN, Mr. Olayemi Cardoso, disclosed this at the MPC briefing in Abuja this afternoon. Consequently, the asymmetric corridor was retained at +500/-100 basis points around the MPR, leaving the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and a general Liquidity Ratio of 30 percent. Mr. Cardoso explained that the decision to maintain the current MPR was premised on the need to continue…

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