The Central Bank of Nigeria has raised interest rates by 150 basis points to 26.25 per cent from 24.75 per cent in March to tackle rising inflation. CBN Governor, Olayemi Cardoso disclosed this on Tuesday at the 295th Monetary Policy Committee press briefing in Abuja. CBN had continued tightening of monetary instruments to bring down…
Elder statesman Chief Edwin Clark has alleged the national chairman of All Progressives Congress (APC) Abdullahi Ganduje and his Peoples Democratic Party (PDP) counterpart, Ambassador Illiya Damagum, are conniving with the Federal Capital Territory (FCT) minister, Nyesom Wike to sabotage the administration of Rivers State Governor Siminalayi Fubara.Clark, a former minister of Information and senator,…
In a startling revelation, a contractor, Olugbenga Obadina admitted in court on Monday that his company, Almond Projects Limited, received N2.17 billion from the Office of the National Security Adviser (NSA) without any contractual agreement or project fulfillment. The admission came during his trial before the Federal High Court in Abuja, where he is being…
The Chief Executive Officer of Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, stated this yesterday while unfolding the conditions would-be beneficiaries will be required to meet. No fewer than 1.2 million students are expected to benefit from the cardinal programme of the Bola Ahmed Tinubu Administration. President Tinubu on April 3 signed into law the…
There was a noticeable tension in Ojo area of Lagos State on Monday after two students of the Lagos State University were hit by stray bullets. The incident reportedly happened outside the school campus at a popular students’ residential area called PPL late Monday. The two students were said to have been hit around 8…
Pupil beaten into coma. Teacher Arrested. School Shut A teacher Faith Nwonye, has been arrested for allegedly beating an eight-year-old pupil into a coma at the Landmark School Mgbakwu in Awka North Local Government Area of Anambra State, The state Commissioner for Education, Prof. Ngozi Chuma-Udeh, who disclosed this to journalists in her office, on…
Lagos State Police Command has rescued two infants who were locked up in an apartment on Adelakun Street, in the Iju Ishaga area of Lagos State. A rights group, Advocate for Children and Vulnerable Persons Network, alleged that the mother of the infants had been grappling with substance abuse. The Chief Operating Officer of the…
The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsory withdrawal of 0.05 per cent from every electronic transaction as cybersecurity levy. The controversial directive for collection of the levy had attracted nationwide condemnation when the central bank introduced…
Ebrahim Raisi, Iran’s president, dies in helicopter crash aged 63Iranian president was travelling by helicopter in the country’s East Azerbaijan province when it came down in a forested area. Iran’s President Ebrahim Raisi has died after a helicopter carrying him and other officials crashed in a mountainous and forested area of the country in poor…
The Ministry of Youth Development says that its 2024 ministerial retreat will focus on reduction in youth unemployment rates by promoting entrepreneurial mindset. Dr Jamila Ibrahim, Minister of Youth Development, said this in Abuja on Thursday during a two-day ministerial retreat on presidential deliverables. Ibrahim said that the retreat marked a critical step in achieving…
