The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says recent stability achieved in the foreign exchange (forex) market is commendable. Cardoso said this on Tuesday in Abuja, while presenting the communique from the 294th meeting of the apex bank’s Monetary Policy Committee (MPC). According to...
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The Central Bank of Nigeria (CBN) on Tuesday announced further tightening of the monetary policy by raising the Monetary Policy Rate (MPR) by 200 basis points, to 24.75 per cent from 22.75 per. CBN Governor, Yemi Cardoso, made this known while presenting the communique from the 294th...
An Ikeja Sexual Offences and Domestic Violence Court has sentenced a man, Ugochukwu Onuoha, to life imprisonment for defiling a five-year old minor, his neighbour’s daughter. Justice Rahman Oshodi, in his judgment, held that the prosecution had established beyond reasonable doubt, the charge of defilement against Onuoha. Oshodi...
The Minister of Solid Minerals Development, Dr Dele Alake has declared value addition as the new indispensable standard for mining operations in the country. Alake made the declaration in a statement issued by his Special Assistant on Media, Mr Segun Tomori, on Tuesday in Abuja. The News Agency of...
Zamfara State Governor, Dauda Lawal has said the state is in dire need of the Federal Government’s support to complement its efforts toward curbing the spate of insecurity there. Lawal disclosed this to State House Correspondents after a meeting with President Bola Tinubu on Tuesday in Abuja. He...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given its enforcement committee 48 hours to produce a template for a seamless implementation of Domestic Crude Oil Supply Obligation (DCSO) in Nigeria. The Commission Chief Executive, NUPRC, Mr Gbenga Komolafe, gave the charge on Tuesday in Abuja while speaking...
Investors in the Nigerian Exchange stock market on Tuesday further lost N104 billion or 0.18 per cent, as the market capitalisation which opened at N58.879 trillion, closed at N58.775 trillion. Similarly, the All-Share Index shed 0.18 per cent to settle at 103,952.47, as against 104,136.35 recorded on Monday. Consequently,...
The Ministry of Petroleum Resources has been interacting with stakeholders to obtain industry alignment and participation in carrying out its Executive Order issued by President Bola Tinubu. Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, said this on Tuesday in Abuja in his keynote address at the...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum, on Tuesday, visited the African Development Bank (AfDB) office in Abuja, the Federal Capital Territory to facilitate the implementation of all Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Project (IBSDLEIP) in Borno State. IBSDLEIP is a multi-sectoral...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum has approved the reconstitution of the Borno State Agricultural Transformation Committee with immediate effect. Governor Zulum’s approval was contained in a statement issued and signed on Tuesday by the Commissioner of Information and Internal Security, Prof. Mohammed Usman...
The Guild of Corporate Online Publishers (GOCOP), has expressed its commitment to enter into partnership with key international and local partners in the ongoing drive to strengthen the country’s democratic process to ensure peaceful and transparency during elections. Treasurer of the Guild,, Mrs. Yemisi Izuora, in a goodwill...
Police in Katsina State have rescued five persons suspected to have been kidnapped while travelling from Abuja to Zamfara. Police spokesman, ASP Abubakar Sadiq-Aliyu, confirmed the rescue when he spoke with the News Agency of Nigeria (NAN) in Katsina on Tuesday. He said a police patrol team rescued...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised Monetary Policy Rate (MPR) – inter-bank loan interest rate – by 200 basis points, to 24.75 per cent from 22.75 per cent on Tuesday. MPR is a short-term, often overnight rate that banks charge one...
Two Boko Haram commanders, Ibrahim Muhammed and Auwal Muhammed, alias “Wanka’’, surrendered to troops of Sector 3 of the Multinational Joint Task Force (MNJTF) in Monguno, Borno on Monday. The MNJTF is a combined multinational formation comprising military units from Benin, Cameroon, Chad, Niger, and Nigeria. It is...
The Minister of the Federal Capital (FCT), Mr Nyesom Wike, has sought for huge investments from Indian investors, as part of strategies to fast tract the development of the capital territory, Abuja. Wike made the call when the Indian High Commissioner to Nigeria, Mr Shri Balasubramanian, visited him...
Imo State House of Assembly on Tuesday, commended Governor Hope Uzodimma for securing 1.5 billion dollars investment to the state, through the African Export, Import Bank (AFREXIM). Mr Obinna Egu (APC-Ngor Okpala) in a motion sponsored at a plenary told the House that the governor had finalised discussions...
Senator Abdul’aziz Yari (APC-Zamfara) has donated 66 cows to 10,000 orphans across the state for Ramadan and Eid-el-Fitr celebrations. Chairman of the lawmaker’s Orphans’ Welfare Committee, Malam Sanusi Liman-DanAlhaji, disclosed this to newsmen in Gusau on Tuesday. The News Agency of Nigeria (NAN) reports that Yari, a former...
Nigeria`s Para Powerlifter’s Team has assured of winning more Gold medals for the country at the upcoming Olympics in Paris. The News Agency of Nigeria (NAN) reports that the country`s para powerlifters, won seven gold medals at the just concluded Para Powerlifting World Cup in Sharm El Sheikh,...
Enugu State Governor, Peter Mbah on Tuesday, signed the Enugu State University of Medical and Applied Sciences (SUMAS) Teaching Hospital Bill into Law. The News Agency of Nigeria (NAN) reports that SUMAS, built by the former governor of Enugu State, Ifeanyi Ugwuanyi, is located at Igboeno in Udenu...
The Rivers State Executive Council has approved N80.9 billion for the construction of the 33.5-kilometre-long Elele-Omoku Road. The Permanent Secretary, Ministry of Works, Mr Atemea Briggs, disclosed this while briefing newsmen on the outcome of the council’s meeting, presided over Gov. Siminalayi Fubara, at the Government House in...