CBN raises interest rate to 22.75% in a bid to curb inflation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark interest rate to a record 22.75%. The decision was disclosed by the CBN Governor, Olayemi Cardoso, during the reading of the communiqué after the first MPC meeting of the year in Abuja. Cardoso highlighted the […]
President Tinubu sets up Tripartite Economic Advisory Committee
President Bola Tinubu has set up a tripartite economic advisory committee made up of representatives from the Federal and State governments as well as the Organised Private Sector. Speaking at a meeting with some state governors and stakeholders in the private sector in Abuja, President Tinubu who expressed concerns over the dwindling economy and rising […]
President Tinubu Commits to Judicial Reforms in ECOWAS Meeting
President Bola Tinubu reiterated his dedication to advancing judicial reforms in West Africa during a meeting with the ECOWAS Judicial Council delegation led by Justice Olukayode Ariwoola. The meeting took place at the Presidential Villa in Abuja. President Tinubu emphasized the crucial role of integrity and accountable judicial systems in strengthening democracy across the region. […]
Nigerian Govt Set To Ban Export Of Cooking Gas
The Nigerian government announced on Thursday its efforts to tackle the surge in the price of cooking gas by preventing the exportation of Liquified Petroleum Gas (LPG), commonly known as cooking gas. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), revealed this during an internal stakeholders’ workshop in Abuja. In line with President Bola […]
President Bola Tinubu meets with Gen Yakubu Gowon (Rtd)
President Bola Tinubu met privately yesterday with Former head of State, Gen Yakubu Gowon (Rtd) at the Presidential Villa, Abuja to discuss issues bordering on the crisis in the West African regional bloc. Addressing the press after the meeting, Gen Gowon said he had robust discussions with Mr President, while he clarified the rumors of […]
President Bola Tinubu directs for immediate settlement of outstanding electricity bill due to the AEDC
According to a statement signed by Special Adviser to the President on Information & Strategy, Bayo Onanuga, the President’s directive follows the reconciliation of accounts between the State House Management and AEDC. Contrary to the AEDC’s initial claim of N923million debt in paid advertorial in newspapers, the State House outstanding bill is N342, 352, 217.46, […]
AEDC threatens to disconnect the electricity supply to the Presidential Villa
The Abuja Electricity Distribution PLC (AEDC) has threatened to disconnect the electricity supply to the Presidential Villa, the Central Bank of Nigeria (CBN), the Economic and Financial Crimes Commission (EFCC) and 83 other government agencies in Abuja, over N47.1 billion electricity debt. In a disconnection notice on Monday, the distribution company urged the 86 MDAs […]
President Bola Tinubu says Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty
Speaking at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU) in Addis Ababa, Ethiopia, at the weekend, the President said his administration would engage the African Union Commission in collaboration with member states to ensure that the bank takes off as scheduled in 2028. Speaking […]
FG launches Electronic Verification Management System for military retirees
The Federal Government has launched an Electronic Verification Management System for military retirees. The system will replace the Military Pensions Board’s traditional physical verification process for veterans to access their pensions, gratuities, and other benefits. The introduction of the electronic system is a response to retirees’ complaints about the cumbersome physical verification process, particularly challenging […]
FCT Minister threatens to blacklist Setraco Limited
The FCT Minister, Nyesom Wike, has threatened to blacklist Setraco Nigeria Limited if it failed to deliver the Southern Parkway Road project before May 29. Wike gave the warning in Abuja on Wednesday, after inspecting some road projects in the territory, and when he queried the contractor on the installation of streetlights, the Managing Director, […]
