In an era marked by global economic volatility, few nations have demonstrated the strength and foresight of Nigeria’s Central Bank and its Monetary Policy Committee (MPC). The recent decision to retain the Monetary Policy Rate (MPR) at 26.5%, maintain the Cash Reserve Requirement (CRR) for deposit money banks at...
By ISAH CHIROMA, Abuja
The pain hanging over Yawota, Alawusa and Ahoro-Esinele villages in Ogbomosho, Oyo State, is difficult to describe. Days after terrorists invaded the community and abducted over 45 school children, teachers and residents, families are still trapped in fear, grief and uncertainty. Among them is a man whose wife, Akanbi...
Taraba State Governor, Agbu Kefas, has expressed satisfaction with the peaceful conduct of the ongoing governorship primary election of the All Progressives Congress (APC) in the state. The governor cast his vote at Nurul/Wapan-Nghaku Primary School, Hospital Ward, in Wukari Local Government Area, where party members participated in the...
Minister of Education, Tunji Alausa, has reaffirmed the commitment of President Bola Tinubu led administration to equipping Nigerian youths with globally relevant digital skills through the Digital Training Academy (DTA) programme. Speaking at the signing ceremony on the sidelines of Education World Forum (EWF) in London, Alausa described the...
The Joint Admissions and Matriculation Board (JAMB) has released 279 results from those previously held for further investigation. This is in addition to the results earlier released by the Board. Spokesperson of JAMB, Dr Fabian Benjamin, in a statement on Thursday in Abuja, noted that the release follows ongoing...
President Bola Ahmed Tinubu has appointed Professor Segun Aina as the new Registrar of the Joint Admissions and Matriculation Board (JAMB), succeeding Professor Is-haq Oloyede, whose two-term tenure expires on July 31, 2026. This is contained in a statement issued on Thursday in Abuja by the Special Adviser to...
First HoldCo Chairman Femi Otedola has announced plans to invest $100 million in Dangote Refinery as part of a $2 billion private placement ahead of its planned initial public offering. Otedola disclosed the move on Wednesday after leading First HoldCo executives on a tour of the refinery and fertiliser...
Former Vice President Atiku Abubakar has concluded the screening exercise for presidential aspirants of the African Democratic Congress (ADC) ahead of the 2027 general elections. The screening exercise was held at the Transcorp Hilton Hotel in Abuja as the party intensifies preparations for the next presidential election cycle. Atiku...
Nigeria Police Force (NPF) has categorically stated that it did not approve, endorse, or authorize the purported “AFRIPOL 2026” programme currently being circulated online. The Force spokesman, DCP Anthony Placid,made the clarification in a statement issued to newsmen on Thursday in Abuja. The Force also condemned the unauthorized use...
Frontline governorship aspirant in the Rivers State chapter of the All Progressives Congress (APC), Tonye Patrick Cole, has withdrawn from the party’s gubernatorial primaries scheduled to hold tomorrow. Cole announced his decision in a statement issued on Wednesday evening, saying the move was made in the interest of unity,...
Dangote Cement Plc has rolled out multi-million naira empowerment programmes for farmers, women, and youths across its six host communities in Gboko Local Government Area of Benue State. The company said the initiative is designed to help beneficiaries expand businesses, raise agricultural output, and acquire vocational skills. According to...
Nigerian Exchange (NGX) closed in the red on 20 May 2026, with the All-Share Index shedding 2,571.7 points to settle at 249,063.7. The 1.02% decline pushed the benchmark index below the 250,000-point threshold, as selling pressure weighed on large-cap stocks with BUA Cement leading the drop, falling 10% to...
Central Bank of Nigeria (CBN) and commercial banks are reviewing the high volume of transaction alerts sent to customers and complaints about bank charges, CBN Governor Olayemi Cardoso said on Wednesday. Speaking after the 305th Monetary Policy Committee meeting in Abuja, Cardoso said many customers are confused by receiving...
Oyo State Police Command has confirmed the abduction of two staff members of the Cocoa Research Institute of Nigeria (CRIN) Idi-Ayunre, while also debunking false reports circulating on social media alleging a mass abduction within Ibadan and surrounding communities. The incident occurred on Monday, 19th May, 2026, at about...
President Bola Ahmed Tinubu has announced that 38 ministries and extra-ministerial departments have now transitioned to a secure paperless workflow system, even as he declared that Nigeria’s civil service was undergoing a major digital transformation. Speaking while declaring open the International Civil Service Conference 2026 in Abuja on Wednesday,...
Rivers State Governor, Siminalayi Fubara, has announced his withdrawal from the All Progressives Congress (APC) gubernatorial primaries, saying the decision was taken in the interest of peace, stability, and unity in the state. Fubara made the announcement in a personally signed statement issued on Wednesday, where he explained that...
Natinal Drug Law Enforcement Agency (NDLEA) has dealt another crippling blow to transnational organized crime by completely dismantling a highly sophisticated, multi-million-dollar Nigerian- Mexican methamphetamine production syndicate. The clinical, simultaneous operation, executed by elite operatives of the Agency’s Special Operations Unit (SOU), led to the shutdown of an industrial-scale...
Nigerian Air Force (NAF), through the Air Component of Operation HADIN KAI, intensified ongoing air offensives against terrorist elements in the North-East with precision air strikes conducted on 19 May 2026 at Bukar Meram in the Southern Tumbuns and Chikide in the Mandara Mountains. Director of Public Relations and...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has called on banks to stay vigilant against emerging risks after the banking sector recapitalisation exercise, even as the Monetary Policy Committee kept the benchmark interest rate unchanged. Speaking after the MPC 305th meeting in Abuja, Cardoso said the...
Federal Government will begin deducting unremitted value-added tax and withholding tax directly from the revenue allocations of states, local governments, and federal ministries, departments, and agencies. Executive Director, Large Taxpayers and Government Directorate at the Nigerian Revenue Service, Amina Ado, announced the plan on Tuesday 19 May in Abuja...