News

The Central Bank of Nigeria has raised the interest rate on the Fixed Deposit Facility (SDF) as part of its ongoing efforts to control liquidity in the banking sector. This becomes important after the money supply (CIC) hit an all-time high of N4.04 trillion in June 2024. Money and Credit data released by the CBN also showed that currency outside …

President Bola Tinubu has appointed new Director-Generals for Nigeria’s National Intelligence Agency (NIA) and the Department of State Services (DSS), signaling a change in leadership for these vital security agencies. This was revealed in a statement on Monday afternoon by the President’s Special Advisor for Media and Publicity, Ajuri Ngelale. Ambassador Mohammed Mohammed has been appointed as the new Director-General …

The Court of Appeal, Abuja, on Monday overturned the judgment of the Federal High Court that nullified the Peoples Democratic Party (PDP) governorship primary election in Edo State. Justice Inyang Ekwo on July 4 annulled the results of the February 22 election that produced Asue Ighodalo as the PDP governorship candidate in Edo on the grounds that 381 ad-hoc delegates …

Edo Guber 2024: Unleashing the Power of Edo Youth With Okpebholo and Idahosa leading the charge, we are committed to harnessing the immense potential of our youth to drive transformative growth and development in Edo State. Our comprehensive approach focuses on: – Targeted empowerment programs to unlock skills and talents – Innovative initiatives to promote entrepreneurship and job creation – …

Nigeria’s Gross Domestic Product (GDP) rose by 3.19% year-on-year in the second quarter of this year. GDP growth, a parameter used to measure a country’s economic growth, is driven by the services and agriculture sectors. The National Bureau of Statistics (NBS) disclosed this in its Q2 GDP report released on Monday in Abuja. According to the report, the economy experienced …

The National Association of Resident Doctors (NARD) on Monday announced a seven-day warning strike to press for the demands of their abducted colleagues. The victim, Dr. Ganiyat Popoola, was kidnapped along with her husband by suspected bandits on December 27 last year in Kaduna. The decision to commence the strike was taken at an emergency meeting of the NARD National …

Borno State Commissioner for Finance, Ahmed Ali Ahmed, is dead. The Commissioner reportedly died in his room on Monday morning, August 26. His family members became worried when he did not come out of the room. The door of the room was then forced open and his dead body was found. Governor Babagana Zulum has lost two members of his …

Cloud-based mobile and desktop messaging app Telegram has reacted to the arrest of its Chief Executive, Pavel Durov, in France. The 39-year-old billionaire was arrested by police at an airport in northern France on Saturday. He was arrested after his private jet landed at Le Bourget Airport for violations related to the popular messaging app. According to reports, Mr. Durov …

Advocacy groups under the umbrella of United Nigerians Against Crimes (UNAC), have faulted what they described as inconsistent rulings on the Kogi state gubernatorial election by the Supreme Court. The Supreme Court on Friday upheld Governor Usman Ododo’s victory. in the November 16, 2023 election The five-member panel dismissed the appeal filed by Social Democratic Party (SDP) candidate Murtala Ajaka …

Nollywood actress Kemi Lala Akindoju took to social media to discuss her views on marriage customs and the practice of women taking their husbands’ surnames. Kemi, who shared her thoughts on the matter in a post on her Instagram page, said a woman should be allowed to choose whether she wants to change her name or not. She wrote: “The …