Just in: CBN reduces Monetary Policy Rate to 27%
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, from 27.5 percent to 27 percent.
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Lawyer threatens legal action over FG’s N330b cash transfer to beneficiaries
Nigerian lawyer Festus Oguns has given the Federal Government seven days to release the list of the 8.1 million households it claims benefited from the ₦330 billion Conditional Cash Transfer (CCT) programme.
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BREAKING: CBN Cuts Interest Rate To 27%, Adjusts Banks’ Cash Reserve
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has reduced the benchmark interest rate to 27 per cent, down from 27.5 per cent in July, in its latest effort to stabilise the economy. Naija News reports that the Committee also announced fresh adjustments to banks’ cash reserve obligations. Commercial banks will now operate
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Asylum seeker jailed for sexually assaulting teen, woman
Judge Christopher Williams said his behaviour “resulted in mass demonstrations and the fear that children in the United Kingdom are not safe.’’
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MAN, importers, agents decry continuous collection of 4% FOB levy at port
The Manufacturers Association of Nigeria (MAN) and clearing agents operating at the nation’s ports have raised the alarm that despite the Federal Ministry of Finance’s directive that the Nigeria Customs Service (NCS) should suspend the 4 percent Free-on-Board (FOB) levy on imported goods, the Service has failed to implement the directive as the levy still
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BREAKING: CBN slashes interest rate for first time in 3 years.
The Central Bank of Nigeria’s Monetary Policy Committee, MPC, on Tuesday cut the interest rate from 27.50 percent to 27 percent from 27.50 percent. CBN
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Cabinet reshuffle: Otti swears in two new commissioners, one adviser
Abia State Governor, Alex Otti, on Tuesday made a minor reshuffle of his cabinet, swearing in two new commissioners and a special adviser.
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Cooperate with security agencies to ensure peace in Zamfara
Stakeholders in Zamfara have been urged to cooperate with the Nigeria Security and Civil Defence Corps, Zamfara State Command, and other Security agencies to enable peace return to the State.
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N20bn raised for National Library project now – First Lady
First Lady Oluremi Tinubu has revealed that more than ₦20 billion has so far been raised towards the completion of the National Library of Nigeria. The First Lady also revealed that the project, which initially budgeted N8 billion for its completion when initiated in 1981, will require more than N100 billion to deliver. Speaking during
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Nigerian man who was almost deported from UK despite living there for 38 years wins appeal to stay
A Nigerian man was almost deported from the UK after he has lived there for 38 years. The man filed an appeal and he has not been allowed to stay back.
