CBN keeps interest rate unchanged The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 26.5 percent. CBN Governor Olayemi Cardoso announced the decision on Wednesday after the committee’s 305th meeting in Abuja. He confirmed that members agreed to maintain the Monetary Policy Rate at its current level….
Tragic accident claims four lives in Kano Four people have been confirmed dead after a Golf Wagon vehicle plunged into Tomas Dam in Kano State. The accident happened on Tuesday evening in Danbatta Local Government Area. The Kano State Fire Service confirmed the incident in a statement released on Wednesday. Public Relations Officer of the…
Fatal crash claims two lives in Akure No fewer than two people lost their lives in a road accident on Wednesday in Akure, the Ondo State capital. The crash happened in the Ijapo area of the city. Two other victims also suffered injuries during the incident. According to reports, the accident involved a Nissan car,…
Sam Egwu, former governor of Ebonyi state, says Peter Obi satisfied all requirements set by the Nigeria Democratic Congress (NDC) for its presidential aspirants. Egwu spoke on Tuesday after Obi’s screening at the party’s national headquarters in Abuja. According to him, the screening committee spent nearly two hours assessing Obi before clearing him for the…
Federal Ministry of Education says the federal government has commenced payment of outstanding allowances for Nigerian students studying abroad under the Bilateral Education Agreement (BEA) scholarship programme. In a statement issued on Tuesday by Boriowo Folasade, director of press and public relations at the ministry, the government said the approved funds had been remitted to…
Defence Headquarters (DHQ) says the abduction of pupils and teachers in Oyo state was an isolated criminal incident and not evidence of an entrenched terrorist presence in the south-west. In a statement issued on Wednesday by Michael Onoja, director of defence media operations, the military dismissed claims that terrorists have established operational bases across the…
Peter Obi, the 2023 presidential candidate of the Labour Party, says poor literacy and numeracy levels in northern Nigeria are the result of leadership failure and weak accountability, rather than inadequate funding. In an X post on Tuesday, Obi reacted to recent comments by Tunji Alausa, minister of education, that the north-west and north-east regions…
Peter Obi, 2023 presidential candidate of the Labour Party, says he is not concerned about reports of Goodluck Jonathan joining the 2027 presidential race. Obi spoke to journalists on Tuesday after his screening at the headquarters of the Nigeria Democratic Congress (NDC) in Abuja. Reacting to claims that Jonathan’s possible entry into the race could…
NDLEA uncovers major methamphetamine network The National Drug Law Enforcement Agency has dismantled a transnational methamphetamine production syndicate linked to a Nigerian drug cartel and Mexican collaborators. The operation led to the arrest of 10 suspects. In addition, operatives recovered illicit drugs and chemicals valued at more than N480bn. NDLEA Chairman and Chief Executive Officer,…
Dele Momodu, publisher of Ovation magazine and a chieftain of the African Democratic Party (ADC), has cautioned Rotimi Amaechi, former minister of transportation, to control his temper and stop attacking Atiku Abubakar. Momodu spoke during an interview on Channels Television’s Politics Today programme on Tuesday. Earlier, Amaechi had clashed with a presenter on Trust TV…
