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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 …

MPs who represented Kogi Central in the National Assembly, Senator Natasha Akpoti-Uuduaghan, finally returned to his office in the National Assembly after his office was reopened by Sergeant-Di-in the Red Room on Tuesday morning. The senator who was fought suspended for six months in March after his dispute with the President of the Senate Godswill Akpabio for the seating settings, …

Investors in the Nigerian equity market lost N326 billion at the close of trade on Tuesday. This follows a decrease in stock prices such as Dangote Sugar, Wema Bank, and Secure Electronic Technology, among others, on the trading floor. The Benchmark All-Share Index (ASI) fell to 140,929.60 points from 141,498.44 points recorded on the previous day. After five hours of …

On a scorching Tuesday afternoon at the entrance of Obafemi Awolowo University, where Town-Gboro buses regularly drop off and pick up students and staff, a group of teenagers, aged between 11 and 17, darted between passersby, pleading for alms. The children were Kudus Ayomide, Ayomide Olabosun, Ezekiel Fajemila, Olabosun Daniel, and Toheeb Akinpelu. “Uncle, please help me—give me anything you …

Here are the top 10 stories throughout the country. 1. Tinubu held a closed meeting without notice with the Governor of Fubara In developments that have triggered speculation in all political circles, Bola President Ahmed Tinubu on Monday night held a closed meeting with the Governor of the State Rivers, Sir Siminaayi Fubara, at the President’s Villa in Abuja. Read …

Investors in the Nigerian equity market lost the N220 billion at the close of trade on Monday. This follows the decline in stock prices, Mcnichols PLC, Ikeja Hotels PLC, and FTN Cocoa, among others, on the trading floor. The Benchmark All-Share Index (ASI) fell to 141,498.44 points from 141,845.34 points recorded on the previous day. After five hours of trading …

In a development that has triggered speculation in all political circles, Bola President Ahmed Tinubu on Monday night held a closed meeting with the Governor of the State Rivers, Sir Siminaayi Fubara, at the President’s Villa in Abuja. Governor Fubara arrived at Aso Rock around 6:20 pm, wearing a traditional white kaftan and black hat, but the details of the …

The Socio-Economic and Accountability (SERAP) and Amnesty International projects have urged the President of the Tinubu Soccer to “direct the Attorney General Federation and the Minister of Justice MR Lateef Fagbemi, San to immediately withdraw accusations against activists Omoyle Sowore, x [formerly Twitter] and Facebook owner for MR Sowore’s post that is suspected to be critical and ‘anti-tinubu’ on the …

The controversial Islamic scholar, Sheikh Ahmad Abubakar Gumi, has asked Nigeria’s authority to rehabilitate the bandit Fulani as they did in the Delta Niger militant if they want a sustainable peace agreement to have a significant impact. Islamic scholars based in Kaduna who made a call after a wave of peaceful meeting which was mediated by several communities between bandits …

The Catholic bishop of the diocese of Sokoto, most of the Matthew Pastor Hassan Kukah, said it was contrary to popular opinions, democracy did not die in Africa, but only experienced a decline that had to be opposed to develop. Bishop Kukah who is also the founder of the Kukah center in Abuja made a statement while delivering the main …