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    ALMOND 94.3 FM Ibadan

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ROWDY SESSION IN SENATE OVER TAX REFORM BILL

A rowdy session characterised today’s plenary session at the Senate over the controversial Tax Reform Bill, which unexpectedly came up for debate despite not being listed as an item for the day’s business. The session, presided over by Deputy Senate President, Jibrin Barau turned heated after the Senate Leader, Senator Opeyemi Bamidele proposed inviting experts, including the Director-General of the Debt Management Office, Tanimu Yakubu, and the Federal Inland Revenue Service Chairman, Zacch Adedeji, to address the Chamber on the […]

todayNovember 27, 2024 15

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CBN RAISES INTEREST RATE TO 27.5%

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.

todayNovember 26, 2024 12

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TINUBU SEEKS SENATE CONFIRMATION OF OLUYEDE AS COAS

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 that Oluyede was appointed by President Tinubu as the Acting […]

todayNovember 26, 2024 15

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P’HARCOURT REFINERY: TINUBU DEMANDS REACTIVATION OF WARRI, KADUNA PLANTS

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.

todayNovember 26, 2024 16

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EX-KOGI GOV YAHAYA BELLO REPORTS TO EFCC

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 anti-graft agency. It was also reliably gathered that the […]

todayNovember 26, 2024 11

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CBN LIKELY TO RAISE INTEREST RATE TO HALT INFLATION

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 be recalled that the CBN Governor, Mr Olayemi Cardoso  during  […]

todayNovember 25, 2024 14

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NIMET FORECASTS 3-DAY SUNSHINE, DUST HAZE

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 should be cautious of the present weather condition. It urged […]

todayNovember 25, 2024 15

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BREAKING: Senate approves Tinubu’s $2.2bn loan request

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 request. In a letter read during the Senate and House […]

todayNovember 21, 2024 32

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CBN WARNS AGAINST FAKE ‘SWIFT’ MESSAGES

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 a statement signed by Hakama Sidi Ali, acting director of […]

todayNovember 20, 2024 12

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