News

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, …

Armed men have kidnapped Laven Jacob, the legislator representing the Pandshin electoral college in the Plateau State of Assembly. The accident occurred on Monday evening in his residence in the Angwan Kaji area in Dong, in the northern local government area, when the legislator was returning home. Two tight collaborators – an ex -helper of his time as vice -president …

A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday urged the High Court of the Federal Capital Region (FCT) to close his trial for alleged procurement fraud. The federal government charged a former Governor of CBN on charges of 20 procurement fraud calculations. In the accusations submitted by the Office of the Attorney General Federation, …

The Government of Ondo State has sanctioned two high school principals to collect illegal accusations and goods from students in schools in states. Commissioner of State for Education, Science and Technology, Prof. Igbekele Ajibefun, revealed this to journalists on Tuesday at Akure. Ajibefun, who refused to mention names and schools and schools from affected school principals, said they felt in …

A high court of the territory of the federal capital of Jabi on Monday sentenced a former legislative helper and banker, Goni Yilkan, eight years in prison for having obtained N10.58 million for false claim. The judge FE Messiri found that Yilkan guilty of a two -counts accusation accusation, the commission for economic and financial crimes revealed in a declaration …

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 …

West African countries in Mali, Burkina Faso, and Niger have announced their withdrawal from the International Criminal Court (ICC) because it became a “neocolonial oppression tool.” Announcement, in a joint statement published on Monday, is the latest example of diplomatic upheaval in the West African Sahel region after eight coups between 2020 and 2023. Three countries, governed by military officers, …

The preparations are in full swing for the activities of a week that lead to the grand finale of the 2025 Okeho Day celebration. The celebrations will begin on Sunday 23 November 2025 and will end with the grand finale of Saturday 29 November 2025. With “Roomed in the heritage, United for Education: a great meeting for Okeho’s future” 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 …