MPC
30 Sep
Amid the reported high currency in circulation, which hit a record high of N4.05 trillion in July, the Central Bank of Nigeria (CBN) says it will pump another N1.4 trillion into the system in the next three months. The move, according to the bank, is to improve cash flow within the banking system. There have…
23 Sep
With inflation slowing to 32.15 per cent in August, there are indications that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (MPC), which meets today and tomorrow, will halt further interest rate hike.
22 Sep
At exactly 10 AM today, the members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will gather to begin their 297th meeting. This will be the fifth MPC meeting since Olayemi Cardoso was appointed CBN Governor in September 2023. Of course, the members will beat their chests and say, “Yes,…
20 Sep
Nigerian naira may come under intense pressure following the U.S. Federal Reserve’s decision to slash key interest rates by 50 basis points to 4.75-5 per cent.
21 May 2024
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has announced a 150 basis points increase in the benchmark interest rate, raising it from 24.75% to 26.25%. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s…
1 Apr 2024
As the hawkish tone of the Monetary Policy Committee (MPC) continues to worsen risk sentiments in the local bourse, the scramble for government debt instruments is currently pushing yield to unprecedented heights across segments.
29 Mar 2024
What changed in the production and marketing chain to warrant such a quantum jump in price within 48 hours? Did money supply change within such a short time to justify that level of inflation? This is an abracadabra that is clearly beyond market force.
11 Mar 2024
Often described as the optimist general of Africa, the President of the African Development Bank (AfDB), Dr Akinwumi Adesina, holds a strong view on the prospect of the continent breaking into the global frontier to drive the next phase of growth.
Latest
3 mins ago
The Governor of Yobe, Mai Mala Buni, has approved the employment of 267 health technicians to strengthen manpower in the state’s health facilities. Alh. Mamman Mohammed, Director General of Press and Media Affairs to the Governor, announced this to journalists in Damaturu on Monday. He stated that the employment includes 140 Buni Scholars who recently…
15 mins ago
The police command in Akwa Ibom has neutralised members of a notorious kidnap gang terrorising parts of the state. The Police Public Relations Officer (PPRO), DSP Timfon John, confirmed this in a statement on Monday. John said the gang was responsible for most kidnapping operations in Ikot Ekpene, Essien Udim, and surrounding areas. “Acting on…
24 mins ago
Nollywood actor Babatunde Bernard Tayo, popularly known as Baba Tee, has confessed to a brief sexual encounter with Dara, the wife of comedian and skit maker Ganiyu Morufu, also known as Ijoba Lande. This admission came during a live interview with socialite Esabod and other TikTok users on Sunday, March 9, 2025. Previously, Baba Tee…
26 mins ago
Ultraviolet Microfinance Bank Limited has signed a partnership agreement with the Entrepreneurship Centre for Women Development (ECWD) to empower 10,000 women entrepreneurs in the country. In his opening remarks, Mr. Bayonle Omoyele, MD/CEO of Ultraviolet Microfinance Bank Limited, disclosed that the partnership aims to bridge the gap in financial inclusion and economic empowerment of women,…
26 mins ago
President Donald Trump said Sunday the United States was in talks with four groups interested in acquiring TikTok, with the Chinese-owned app facing an uncertain future in the country. A US law has ordered TikTok to divest from its Chinese owner ByteDance or be banned in the United States. Asked Sunday if there was going…
43 mins ago
The Adamawa State Police Command has arrested three suspects for vandalizing and stealing electrical cables in Bororo Village, Michika Local Government Area. According to the command's spokesperson, SP Suleiman Yahaya Nguroje, the suspects—Emmanuel John (34), Habila Kwaji (21), and Mohammed Garba (28)—were intercepted by a surveillance team from the Michika Divisional Police Headquarters during a…
51 mins ago
The Federal Road Safety Corps (FRSC) in Ogun confirmed that four people died, while nine others sustained injuries in a lone accident on the Lagos-Ibadan Expressway on Sunday. Mrs. Florence Okpe, the spokesperson for the FRSC in Ogun, confirmed the incident in a statement on Monday. According to Okpe, the crash occurred at 8:30 p.m.…
53 mins ago
Anambra State Governor, Chukwuma Soludo, has banned open gospel preaching, citing noise pollution as the primary reason. The ban was announced following the arrest and release of a pastor caught preaching in a marketplace. In a viral video recorded at a market in Onitsha, Soludo confronted the preacher, warning that public preaching contravened state regulations.…
56 mins ago
The Federal Civil Service Commission (FCSC) has extended the deadline for submission of applications for vacancies in the Federal Civil Service to Monday, March 17. The extension replaces the initial deadline of March 10, as earlier advertised in The Sun, Daily Trust, The Nation newspapers, and on the FCSC website (www.fedcivilservice.gov.ng.) Prof. Tunji Olaopa, FCSC…
1 hour ago
Syria's new leader has vowed accountability and an investigation after reports of mass killings of Alawite civilians triggered an international backlash against the worst violence since Bashar al-Assad's overthrow. In its latest toll Monday, the Syrian Observatory for Human Rights war monitor said 973 civilians had perished since March 6 in "killings, field executions and…