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The Monetary Policy Committee of the Nigerian Central Bank (MPC) has reduced the interest rate by 50 basis points, from 27.5 percent in July to 27 percent. The Committee also reduces the cash reserve requirements to 45 percent for commercial banks and maintains a merchant bank by 16 percent. This decision follows the constant pressure of critical stakeholders such as …

2030 Commonwealth games: the Nigerian delegation arrives the United Kingdom for the presentation of final phase offers London (Core reporter) A high -power Nigerian delegation led by the President of the National Sports Commission (NSC), Mallam Shehu Dikko and the general manager, Hon. Bukola Olopade, arrived in London, in the United Kingdom, for the final phase of the country’s presentation …

First Lady, Senator Oltemi Tinubu, has announced that his fundraising for the 65th birthday towards the completion of the National Library has created n20.7 billion. He declared him as he had lunch with the media in the presidential villa, Abuja.Senator Oltemi Tinubu explained that the birthday account, Oloremi@65 Education Fund will remain open until December 2025 to receive more donations …

Post views: 53 By SilverNews The IMO state commissioner for sports development, Hon. Obinna Evaristus Onyeocha, she congratulated the Super Falcons goalkeeper, called Nnadozie, to have arrived fourth in the Ballon d’Or Yachine ranking of 2025 in Paris, France. Hon. Onyeocha described the recognition of Nnadozie as a well -deserved honor, observing that it has constantly distinguished itself as …

… The revenues jump from ₦ 711 billion in 2023 to ₦ 3,64TRN in 2025 … Govt insists that the loans will pay for them The Federal Government has justified its continuous use of loans despite an increase of 411 percent of national revenues in the last 16 months, insisting on the fact that loans are now dedicated exclusively to …

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 …