2 mn read The Central Bank of Nigeria (CBN) Monetary Policy Committee has raised interest rates by 150 basis points, increasing them from 24.75 percent in March to 26.25 percent. CBN Governor Olayemi Cardoso announced this decision on Tuesday, highlighting it as a measure to address the country’s escalating inflation. During the 295th MPC press briefing in Abuja, […]
< 1 mn read The Central Bank of Nigeria (CBN) has implemented a significant increase in its interest rate, raising it to 26.25%. This decision comes in response to the persistent challenge of rising inflation in the country. Inflation refers to the general increase in prices of goods and services over time, leading to a decrease in the purchasing […]
< 1 mn read On Tuesday, the Nigerian Senate confirmed the appointment of two executive commissioners for the Nigerian Communications Commission (NCC), following a request by President Bola Tinubu. Rimini Haraya Makama was confirmed as the Executive Commissioner for Stakeholders Management, and Sunday Abraham Oshadami as the Executive Commissioner for Technical Services. This confirmation came after the Senate’s Committee […]
2 mn read The Academic Staff Union of Universities (ASUU), which has been advocating for increased funding for the education sector and improved welfare for its members, appears poised to initiate a nationwide strike as their 14-day ultimatum draws to a close on Sunday. Reports indicate that members of the union at the University of Jos staged a […]
2 mn read Former Bauchi State governor, Isa Yuguda, has asserted that President Bola Tinubu should not shoulder blame for the current economic hardships and soaring inflation in Nigeria. Yuguda contended that Tinubu’s implementation of drastic measures and reforms, such as the removal of fuel subsidy and the floatation of the naira, prevented the country from facing severe […]
< 1 mn read The Federal High Court in Abuja recently made a significant decision regarding Tukur Mamu, a former terrorist negotiator facing charges related to terrorism financing. Mamu had filed an application seeking to be transferred from the custody of the State Security Service (SSS) to the Kuje Correctional Centre. However, Justice Inyang Ekwo dismissed this application on […]
2 mn read Nollywood actress Motilola Akinlami has penned a heartfelt message of appreciation to express her gratitude for the overwhelming support she received after speaking out against her senior colleague Kunle Afod and his wife, Desola Afod. The articulate actress expressed her astonishment at the flood of love and messages she received on her Instagram page in […]
< 1 mn read Former South African President Jacob Zuma’s hopes of running for a parliamentary seat in the upcoming election were dashed when the country’s apex court ruled against his eligibility. The Constitutional Court made the decision, citing Zuma’s 15-month jail sentence for contempt of court in 2021 as disqualifying him from participating in the May 29 election. […]
2 mn read Nollywood actress Angela Okorie has addressed Nigerians, clarifying that her recent outbursts are not indicative of a mental breakdown. In the past few days, the actress has been publicly criticizing her colleagues, including Mercy Johnson and Zubby Michael. This led many to speculate about her mental well-being. On her Instagram story, Angela expressed frustration at […]
< 1 mn read “EFCC Cracks Down on Alleged Internet Fraudsters, Arrests 78 in Enugu and Imo States” The Economic and Financial Crimes Commission (EFCC) has intensified its efforts to combat internet fraud, commonly known as “yahoo yahoo,” with a recent crackdown resulting in the arrest of 78 suspects across Enugu and Imo States. In a coordinated operation, EFCC […]
