Business

By Victor Osula, Abuja The Nigeria Central Bank Monetary Committee (MPC) has reduced the 50 -basic monetary policy rate (MPR), lowering it from 27.5% to 27%. The announcement was made by the Governor of the CBN, Olaymi Cardoso, during a briefing prints on Tuesday in Abuja, following the conclusion of the 302nd meeting of the Committee. Cardoso explained that the …

Senator Natasha Akpoti-Auduaghan Storms Nass with entourage for the second half Senator Natasha is preparing for legislative work after six months of suspension By Raphael Ekpang Abuja (basic reporter) Natasha akpoti-auduaghan the suspension of six months from the Senate ended and his office was officially unfair. The Sergeant d’Armi of the National Assembly, assisted by the security personnel, unlocked his …

Nigerian Central Bank Governor (CBN), Yemi Cardoso, said on Tuesday that 14 banks had fully met new capital requirements in the ongoing recapitalization training. The CBN Governor stated this when he presented the communication from the 302th meeting of the Apex Bank Monetary Policy Committee (MPC) in Abuja. CBN has, earlier this year, introducing new minimum capital base requirements for …

Days after serving his six-month suspension, Senator Natasha Akpoti-Auduaghan (PDP, Kogi Central), Tuesday, stormed the complex of the National Assembly, Abuja with his supporters.Before his arrival, the security agents had put his office to the test.“For this reason, he has easily gained access to the office,” said one of the workers of the complex.Akpoti-Auduaghan, who spoke with journalists, said he …

The Private Company Promotion Center (CPPE), has praised the decision of the Nigerian central bank to reduce interest percent. Think-economic tank, which has encouraged interest cutting, notes that the decision will have a positive impact on the economy. CPPE, in a statement issued on Tuesday by the Chief Executive, Muda Yusuf, said several implications of the decision including improving credit …

Post views: 30 Dr. Ahaotu Ikenna Henry The Ebonyi State University of ICT, Science and Technology, Oferekpe, has announced the introduction of 20 new academic programs for the academic session of 2025/2026. Deputy Chancellor of the Institution, Engr. Prof. Ernest Iutma Egba revealed this development after receiving the approval from the National University Commission (NUC). The letter of approval …

The French Media group Canal+ has announced a new council to direct the South African broadcaster Multichoice (MCGJ.J), after taking control of the company through the acquisition of 35 billion rand ($ 2.02 billion). The takeover gives a canal+ dominant foothold in the fast -paid TV market that grows, where multichoice operates in 50 countries. It also marks a big …

On Monday, the speaker of the room of representatives, Tajudeen Abbas, said that the green room is solidly behind the loan strategy of President Ahmed Tinubu, describing it as a “necessary tax tool” for economic growth and the reduction of poverty. Speaking at the eighth annual conference of the African network of parliamentary budget offices (AN-PBO) in Abuja, Abbas rejected …

The Northern Elders Forum (Nef) declared support for the establishment of the State Police, stating that the initiative, if correctly implemented, would significantly improve security throughout the country. The spokesman for the NEF, Prof. Abubakar Jiddere, made this known in a press conference to announce the inaugural edition of the investment and industrialization summit of northern Nigeria, scheduled for 29 …

The National Assembly postpones the date of resumption of plenary activities to 7 October Abuja (Core reporter) The National Assembly has postponed the date of resumption of plenary activities, previously scheduled for September 23 to 7 October 2025. The employee of the National Assembly (CNA), Kamoru Ogunlana Esq in a press declaration on Monday 22 September, said: “I am directed …