CBN Raises Monetary Policy Rate From 26.25% To 26.75%
The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate by 50 basis points, from 26.25% to 26.75%. Announcing this after the apex bank’s 296th Monetary Policy Committee meeting in Abuja, CBN Governor, Olayemi Cardoso, said the committee also pegged the Cash Reserve Ratio for Deposit Money Banks at 45% while that […]
President Tinubu calls for suspension of August 1 planned protests
President Bola Tinubu has appealed to Nigerians to shelve the August 1 planned nationwide protests against bad governance in the country. Tinubu, who spoke through the Information Minister, Mohammed Idris, after a meeting yesterday, said he is gravely concerned about the economic challenges and working assiduously to ameliorate the sufferings of Nigerians. Our correspondent, Raliat […]
58 more trafficked Nigerians rescued in Ghana
A total number of 58 new sets of Nigerian women and children were rescued from Human Traffickers in Ghana thus bringing the total number of rescued Nigerians in Accra in the last three months to 105. Chief Callistus Elozieuwa, Chairman NIDO Board of Trustees in Ghana disclosed this to the Chairman/CEO, Nigerians in Diaspora Commission […]
President Tinubu urges the youth not to protest
President Bola Tinubu has urged the youth not to carry out their planned protests against the Federal Government’s economic reforms. Tinubu made the call in Abuja yesterday at a meeting of the National Council of Traditional Rulers, where he was represented by the Secretary to the Government of the Federation, George Akume. According to him, […]
Stakeholders in oil and gas speak on resolving issues
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has convened a high-level meeting with key stakeholders in the oil and sector to resolve issues surrounding the Dangote Refinery. The minister convened the meeting which held yesterday in Abuja to find a lasting solution to the current impasse affecting the Dangote Refinery, with all parties […]
President Tinubu Appoints New Director-General of NIMR
President Bola Tinubu has approved the appointment of Professor John Oladapo Obafunwa as the new Director-General of the Nigerian Institute of Medical Research (NIMR). According to a statement by Presidential media aide, Ajuri Ngelale, Professor Obafunwa succeeds Professor Babatunde Salako, whose tenure expires on July 23, 2024. The appointment takes effect from July 24, 2024. The President expects […]
ECOWAS continues dialogue with Burkina Faso Mali and Niger
President Bola Tinubu has assured that the Economic Community of West African States ECOWAS will continue to dialogue with the three countries that withdrew from the regional bloc. The President who gave the assurance at the just concluded 2024 African Union Mid-Year Coordination meeting, in Accra, Ghana, said ECOWAS will continue to make efforts to […]
Afam Osigwe emerges the President-elect of NBA
A Senior Advocate of Nigeria, Afam Osigwe, has emerged as the president-elect of the Nigerian Bar Association (NBA) following the 2024 NBA election held online. Osigwe secured the highest number of votes, with 20,395, surpassing his closest rival, Tobenna Erojikwe, who got 10,970 votes, and Chukwuka Ikwuazom (SAN), who received 9,007 votes. He will succeed […]
President Tinubu Addresses African Leaders At AU Meeting
President Bola Tinubu on Sunday in Accra, Ghana addressed African leaders on the status of ECOWAS, highlighting the progress so far made by the West African economic bloc and the prevailing challenges. Presenting the achievements of ECOWAS in the past one year at the Sixth Mid-Year Coordination Meeting of the African Union, President Tinubu, who is the […]
Joe Biden Drops Out Of US 2024 Election Race
US President, Joe Biden has dropped out of the US presidential election and endorsed his Vice, Kamala Harris as the Democratic Party’s new nominee. In a stunning move which makes Biden the first president in US history to pull out so late in an election race, and the first to bow out because of concerns […]
