monetary policy
25 Nov
It is not advisable for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to further tighten the Monetary Policy Rate (MPR). An economic expert, Dr Chijioke Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. Ekechukwu, a former president of the Abuja Chamber…
14 Jun 2024
The World Bank has warned that the Central Bank of Nigeria's (CBN) tightening of monetary policy will not effectively address inflation in the country. The Bretton Woods institution disclosed this in its global economic prospects report released on Wednesday. According to the World Bank, one of the risks to Nigerian economic growth is a failure…
6 May 2024
A constitutional lawyer, Obe Agu, has criticised Senate President Godswill Akpabio for his remarks regarding the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Agu, in a report, clarified that Emefiele's responsibility was to manage monetary policy and not the overall economy, as erroneously stated by Akpabio during a speech at Ikot…
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6 mins ago
In a bid to reinforce operational integrity and ensure effective management within the Nigeria Police Force, the Inspector-General of Police,
9 mins ago
Donald Trump’s return to the White House has sent shockwaves across the global aid community, raising urgent concerns about the United States’ foreign assistance to Africa. With his administration already pushing aggressive “America First” policies, African nations, like Nigeria, face an uncertain future. If history repeats itself, Trump’s renewed cuts on international funding could unravel…
10 mins ago
Romanian President Klaus Iohannis has said on Monday that he would resign on Feb. 12, so that the parliament did not have to impeach him. Iohannis’s presidential mandate came to an end on Dec. 21, 2024. Since then he has been staying in office until the new head of state is elected, while the election…
12 mins ago
The National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed counterfeit and expired drugs, unwholesome processed food and substandard products worth ₦4.7 billion in Rivers State. According to the agency, the exercise took place at the Aluu dumpsite in the Ikwerre Local Government Area of the state. NAFDAC said the destroyed products…
17 mins ago
The Kano State House of Assembly, on Monday, passed a bill for the establishment of the Kano State Small and Medium Enterprise (SME) Development Agency. The bill passed the third reading, after deliberations at the Committee of the Whole during the plenary session presided over by the Speaker, Alhaji Jibrin Falgore. During the deliberation, the…
25 mins ago
The University of Jos has offered admission to 67 foreign students from 13 African countries for the 2024/2025 academic session. Prof. Tanko Ishaya, Vice Chancellor (VC) of the university, disclosed this in a brief ceremony organized to formally welcome the students into the institution on Monday in Jos. Ishaya explained that the students were offered…
38 mins ago
The Joint Admission and Matriculation Board (JAMB) registrar, Professor Emeritus Isiaq Oloyede, has disclosed that no fewer than 4,997 underage candidates have so far registered for the ongoing Unified Tertiary Matriculation Examination (UTME) registration. This is as he disclosed that the board had, by Monday afternoon, registered 420,674 candidates for its May 2025/2026 exams, targeting…
39 mins ago
Former Vice-President Atiku Abubakar on Monday visited former President Olusegun Obasanjo in Abeokuta. The News Agency of Nigeria (NAN) reports that Atiku was accompanied on the visit by former Gov. Liyel Imoke of Cross River and Aminu Tambuwal, a former Sokoto State governor. READ ALSO:GMOs: Experts draw attention of NSA to risks of gene editing…
44 mins ago
Agriculture and policy experts have urged the National Security Adviser, Nuhu Ribadu, to investigate a suspected attack on Nigerians through gene editing, allegedly carried out using Genetically Modified Organism (GMO) foods. The Country Director of Project Sprint, Israel James, while speaking at a press conference in Abuja, along with some other experts, sounded the alarm…
46 mins ago
The Minister of Power, Chief Adebayo Adelabu, says the Ibadan Electricity Distribution Company (IBEDC) will reconnect the University College Hospital (UCH), Ibadan, as soon as agreed conditions are met. The minister disclosed after Monday’s tripartite meeting involving himself with the management of UCH and IBEDC at the hospital complex. Adelabu said the reconnection would occur…