The Central Bank of Nigeria has raised the monetary policy rate to 27.50 per cent from 27.25 per cent. The Central Bank of Nigeria (CBN) governor Yemi Cardoso announced this in Abuja during the last MPC meeting of the year at the apex bank’s headquarters. This followed the meeting of the Monetary Policy Committee (MPC). The monetary policy rate measures the benchmark interest rate.
President Bola Tinubu has requested the Senate to confirm the appointment of Lieutenant-General Olufemi Oluyede as the substantive Chief of Army Staff. The president’s request is contained in a letter read by Senate President, Godswill Akpabio during plenary today. The Senate subsequently referred the matter to its Committee on the Army, directing it to screen the nominee and report back to the plenary for further consideration. It would be recalled […]
President Bola Tinubu has congratulated the Nigeria National Petroleum Company Limited on the successful revitalisation of the Port Harcourt Refinery. The president also urged the firm to expedite the scheduled reactivation of the second Port Harcourt refinery and the Warri and Kaduna refineries. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement made available to newsmen in Abuja.
The Former Governor of Kogi State, Yahaya Bello, has again honoured the invitation of the Economic and Financial Crimes Commission (EFCC) over alleged misappropriation of funds. It was gathered from sources close to the EFCC that he went to the office with his lawyers today and not with the current Governor of Kogi State, Usman Ododo. This followed the Supreme Court judgment which dismissed states’ case on the constitutionality of […]
The Central Bank of Nigeria (CBN) is set to tighten further its monetary control in a renewed bid to moderate resurgent inflationary pressure. The apex bank Monetary Policy Committee (MPC) will hold its meeting today and tomorrow, in order to make a decision on the country’s interest rate, which stood at 27.25 percent in September 2024. This comes as Nigeria’s headline inflation surged to 33.9 percent in October 2024. It would […]
The Nigerian Meteorological Agency (NiMet) has predicted sunshine and dust haze from today to Wednesday across the nation. The NiMet`s weather outlook released in Abuja anticipated sunny skies in the southern region with patches of clouds with prospects of afternoon and evening thunderstorms. According to the statement, dust particles are in suspension and urged the public to take the necessary precaution, people with asthmatic health conditions and other respiratory issues […]
The Senate on Thursday approved President Bola Tinubu’s loan request of $2.2 billion to partially finance the ₦9.7 trillion budget deficit for the 2024 fiscal year. The approval followed the presentation of a report by the Chairman, Senate Committee on Local and Foreign Debts, Aliyu Wamakko, during plenary. Presiding over the session, Deputy Senate President Jibrin Barau commended the committee for its swift action and thorough examination of the loan […]
The Central Bank of Nigeria (CBN) has warned the general public to be cautious of fraudulent ‘Swift’ messages and unsubstantiated claims regarding foreign currency transfers allegedly withheld by Nigerian banks or the apex bank itself. The warning follows a surge in petitions from private individuals, law firms, government agencies, and private entities claiming that foreign currency funds sent to their accounts by foreign entities have not been credited. In […]
The First Lady, Senator Oluremi Tinubu, has called for sustained efforts towards achieving gender equality in the country. She said that gender equality is essential to achieving a peaceful, equitable society and sustainable development. Speaking at the 2024 Gender Conference held on Tuesday at the University of Lagos, she emphasised the significance of justice, equity, and empowerment in advancing society. The First Lady, who was represented by Mrs Maryam Obadina, […]
The Nigerian Meteorological Agency, NiMet, has predicted sunshine and dust haze from Wednesday to Friday across the country. NiMet’s weather outlook released on Tuesday in Abuja envisaged moderate dust haze on Wednesday in the northern region with horizontal visibility of 2km to 5km over Zamfara, Katsina, Kano, Sokoto, Kebbi, Jigawa and Kaduna. The agency expected a slight dust haze over the remaining parts of the region during the forecast period. […]
