CBN Retains Interest Rate At 26.5%, Raises Concerns Over Heightened ‘Global Uncertainties’
It reached the decision following the MPC meeting held in Abuja on Tuesday. The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has opted to keep the Monetary Policy Rate (MPR), which is the country’s benchmark interest rate, unchanged at 26.5 per cent. It reached the decision following the MPC meeting held in Abuja on Tuesday. The CBN governor, Olayemi...
Senate Passes Bill To Rename NAICOM As Insurance Regulatory Commission
The bill provides legal protection for the Commission and its officers against adverse claims arising from the lawful execution of their statutory duties. The Senate has passed a bill to repeal and re-enact the law establishing the National Insurance Commission (NAICOM), paving the way for the regulatory agency to be renamed the Insurance Regulatory Commission (IRC). The legislation, titled the Insurance...
PFIPC Probe: Reps Panel Faults MDAs Over Absence, Summons Foreign Affairs Minister, NSA
The panel described the absence of key government officials as a setback to its ongoing investigation into the activities of the council. The House of Representatives Ad Hoc Committee investigating the Presidential Foreign Investment Promotion Council (PFIPC) has expressed displeasure over the failure of some heads of Ministries, Departments and Agencies (MDAs) to honour its summons The committee voiced its concerns...
I’ll Wear Akwete Wrapper If My Husband Is Re-Elected President — Oluremi Tinubu
She also announced a ₦2 billion intervention to revive and promote the renowned indigenous textile industry. Wife of the President, Senator Oluremi Tinubu, has said that she will wear a traditional ‘Akwete’ ‘buba’ and wrapper at the inauguration of President Bola Tinubu for his second term if he is re-elected in the 2027 general elections. The ‘first lady’ made the declaration...
Xenophobia: Reps Move To Document Losses, Seek Compensation For Nigerians In South Africa
Lawmakers argued that a thorough assessment of the impact of the attacks is necessary to support affected Nigerians and strengthen the country’s response to future incidents The House of Representatives has called for a comprehensive investigation into the losses, casualties and properties abandoned by Nigerians following recent xenophobic attacks in South Africa. The lawmakers also urged the Federal Government to intensify...
Edo Assembly Moves Against Vandalism By Scavengers, Urges Security Agencies to Act
It directed security agencies to take decisive action to stop scavengers from parading the streets and to apprehend those operating illegally. The Edo State House of Assembly on Monday condemned the rising cases of vandalism by scavengers, popularly called “Iron Condemn”, and called on security agencies to arrest those operating illegally. The resolution followed a motion of urgent public importance moved...
Police Arrest Cattle Rustling, Vehicle Theft, Phone Snatching Suspects In Niger
The police said that the arrests were made through intelligence-led operations and prompt police response. The Niger State Police Command has recorded major breakthroughs in its sustained fight against crime, arresting several suspects linked to cattle rustling, vehicle theft, phone snatching and receiving stolen property across different parts of the state. The Police Public Relations Officer, SP Wasiu Abiodun, disclosed this...
Thunderstorm Strikes Six Dead In Adamawa State – Police
The lightning had struck nine persons who were working on a farm in the community. Six persons have died following a thunderstorm in the Ganye Local Government Area of Adamawa, police authorities in the state said. In a statement on Monday, the spokesperson for the Adamawa Police Command, Suleiman Nguroje, said the incident occurred on Sunday at about 4:00 p.m. in...
Two Dead In Crash Along Abeokuta–Ibadan Expressway, Ogun
Authorities attributed the development to a speed violation, warning motorists to adhere to safety protocols. Two persons have died following a road traffic crash at Leme along the Abeokuta–Ibadan Expressway in Ogun State. The Ogun State Command of the Federal Road Safety Corps (FRSC) attributed the crash to a speed violation. The Public Relations Officer of the command, Afolabi Odunsin, confirmed...
Uzodimma Approves ₦25bn For Judges’ Quarters
He also approved ₦1.9 billion for the establishment of four computer-based test centres in the Orlu zone to enhance access to UTME candidates Governor Hope Uzodimma has approved ₦25 billion for the building of new quarters for judges as part of efforts to provide a conducive environment for them to operate in the state, The quarters will consist of 40 standard...
