Following a two-day meeting, the bank’s Monetary Policy Committee ,MPC, agreed to increase the Monetary Policy Rate,MPR, for the third straight time to rein in the country’s soaring inflation levels pegged at 33.69% in April 2024.The CBN Governor Yemi Cardoso who is also the MPC chairman however, said the Cash Reserve Ratio ,CRR, of Deposit […]
Represented by the Secretary to the Government of the Federation, Senator George Akume, who also chairs the new NEITI board, transparency in the extractive sector and prudent management of Nigeria’s resources were central to Tinubu’s economic agenda and anti-corruption policies.The President warned the board not to dabble in the day-to-day activities of NEITI.According to him, […]
The Judge also granted order to the former Deputy Governor to join his successor as a defendant in the suit.Delivering ruling in a motion on notice filed by Shaibu, the Judge agreed with his counsel, Ayotunde Ogunleye SAN, that both the Speaker and the new Deputy Governor are necessary parties in the suit.The Judge held […]
Seliat, who is a sister to Mr Ahmed Raji,SAN, had her residence invaded by kidnappers at Iseyin and was whisked away after disarming her security guard.Unfortunately, the security guard was later killed by the gun-trotting abductors. His remains were later recovered.While breaking the news of her release, Baale Koso of Iseyinland, High Chief Sikiru Adeniji, […]
Reports say she will undergo a specialised treatment protocol that requires social distancing to avoid infection, adding that she will temporarily withdraw from all direct engagements as part of her treatment plan.In 2019, Syria’s first lady had said she was totally free of breast cancer after battling the disease for a year.Born in Britain in […]
The Ukrainian boxer beat Fury last Saturday, to unify the WBC, WBA, WBO and IBF heavyweight titles.However, he will only reign supreme for a short spell, because one of boxing’s governing bodies is likely to strip away a title.This is because the IBF mandatory title challenger, Filip Hrgovic, has been waiting for his own title […]
The ‘African Giant’ crooner is set to make his debut as an executive producer in Black Mic Mac’s upcoming movie ‘3 Cold Dishes.’Burna Boy would executively produce the movie through Spaceship Films, a company he co-founded alongside Bose Ogulu, his mother.The movie will be co-produced by Black Mic Mac, Ifind, Alma Prods, Asurf Films, and […]
The FX rate is a 1.34 percent increase from the N1,510/$ recorded on May 17.Currency traders in Lagos, also known as bureau de change ,BDCs, operators, quoted the buying rate of the greenback at N1,450 and the selling price at N1,490 — leaving a profit margin of N40.At the official section of the FX market, […]
The Lagos Zonal Command of the EFCC, had on January 12, 2022 arraigned Mompha alongside his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession […]
He was quoted as saying Mokhber will remain interim president until then adding that they will follow the path of Raisi in doing the duties entrusted without any disruptions .The development comes barely 24 hours after President Ebrahim Raisi alongside his Minister of Foreign Affairs died in a helicopter crash.It was gathered that Iran […]