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Private Business Development Center [CPPE] has warned that decisions taken by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) will be detrimental to the economy. CBN Governor Olayemi Cardoso, who held earlier on Tuesday in Abuja, announced the committee’s decision to further raise the Monetary Policy Rate (MPR) by 50 basis points from 26.75% to 27.25% to tighten …

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has blamed excessive printing of the naira and other policies initiated by his predecessor, Godwin Emefiele, for the country’s current economic situation. He also cited the fall in oil prices in the international market as another cause of the problem. Cardoso stated this on Tuesday at a press conference at the end …

The All Progressives Congress (APC) has issued a stern warning to Yiaga Africa, a civil society organisation accredited by the Independent National Electoral Commission (INEC) for the general elections, to stop second-guessing the commission’s results in the Edo State governorship election. In a statement issued on Tuesday, the APC National Publicity Secretary, Felix Morka, stressed that INEC was the sole …

Nigeria, known as the leading fencing nation in Sub-Saharan Africa, will host the Fencing World Cup this December. The event is sanctioned by the Swiss-based International Fencing Association. Federation (FIE). Absolute Fencing, a leading fencing equipment manufacturer based in The United States, has donated five aluminum piste fences (each measuring 1.5 m x 17 m). m) worth N40 million. Gary …

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