JUST-IN: CBN retains interest rate at 27.5%, keeps CRR at 50%, liquidity ratio at 30%

Adebisi solade The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its 300th Monetary Policy Committee (MPC) meeting held in Abuja. This was disclosed by the apex bank’s Governor Olayemi Cardoso during the post-MPC press briefing on Tuesday. Key Monetary Policy Decisions:Monetary Policy Rate (MPR): Retained…

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Senator Nwebonyi Empowers 225 Students, 2,000 Farmers in Ebonyi North

By Chinwe Imo-Eze Onwosi Senator Peter Onyekachi Nwebonyi, representing Ebonyi North Senatorial District, has distributed ₦50 million in scholarship grants to 225 students and provided agricultural empowerment to over 2,000 farmers in the district. According to the Senator, each student received ₦200,000 to support their education, with the initiative aimed at boosting both education and…

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Petrol tanker explosion kills 11 in Enugu

By Chizaram Ifeatu No fewer than 11 persons were killed when a petrol-laden tanker exploded along the Enugu-Onitsha Expressway on Saturday. The tanker, which had earlier suffered a brake failure, summersaulted and spilled its content, before exploding. Governor Peter Mbah, while commenting on the tragic incident, said those injured were receiving medical attention and that…

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Court Grants EFCC`s Move To Amend Charges Against Agunloye

Justice Jude Onwuegbuzie of the Federal High Court, FCT sitting in Apo, Abuja on Thursday, granted the prayers of the Economic and Financial Crimes Commission (EFCC) to amend charges brought against a former Minister of Power, Olu Agunloye and make him take his plea. Agunloye is standing trial by the  EFCC on seven-count charges bordering on official corruption and fraudulent…

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Govt Outlaws Lakurawa Group

Nigeria’s authorities have officially declared the Lakurawa armed group – which flogs people for listening to music – a terrorist organisation and banned it across the country. Lakurawa is a new militant group which carries out attacks, targeting local communities in north-western Nigeria and across the border with Niger. Nigerian officials say Lakurawa is affiliated…

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