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The Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, its benchmark interest rate at 27.5%. Olayemi Cardoso, governor of the CBN, disclosed this at the end of the Monetary Policy Committee (MPC) meeting of the apex bank on Thursday. The apex bank also retained the Cash …

Protesting students of Federal University Lokoja, FUL, on Wednesday threatened to block the Abuja-Lagos Highway if the federal government failed to stop the incessant killing of their colleagues by trucks. Benjamin Timothy, FUL President, Student Union Government, SUG, who made the threat during the procession at the Falele Campus, Lokoja, …

Former Military President Ibrahim Badamasi Babangida, also known as IBB, has publicly expressed regret over the annulment of the June 12, 1993, presidential election. At the launch of his autobiography, “A Journey in Service,” in Abuja on Thursday, Babangida took full responsibility for the cancellation, acknowledging that mistakes were made …

Fitch Ratings has issued a warning that Union Bank of Nigeria (UBN) and other tier-3 banks in Nigeria may face mergers, acquisitions, or a downgrade of their licences due to difficulties in meeting the Central Bank of Nigeria’s (CBN) new paid-in capital requirements. The global credit rating agency in a …

Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing ₦1 trillion. This landmark accomplishment positions LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent tax …

Olufemi Ajadi, a prominent chieftain of the New Nigeria People’s Party (NNPP), has expressed his profound sorrow over the passing of the leader of the Pan Niger Delta Forum, Edwin Clark, who departed this mortal coil at the age of 97. In a poignant statement released to the press on …

The artificial intelligence (AI) race took another leap forward on Monday as xAI, the AI company founded by Elon Musk, unveiled Grok 3, its latest chatbot model. Prior to the launch, Musk had boasted that Grok 3 would be the “smartest AI on Earth”. During a live demonstration on Monday, …

President Bola Tinubu said he is deeply saddened by the passing of Chief Edwin Clark, former federal commissioner of information and respected leader of the Pan-Niger Delta Forum (PANDEF). In a statement issued on Tuesday, the president noted that history will remember Chief Edwin Clark as a man who fought …

The Ogun State Police Command has declared street-hop singer Habeeb Okikiola Olalomi, popularly known as Portable, wanted for his alleged involvement in a violent attack on government officials carrying out their lawful duties. The Command in a statement issued by its spokesperson, Omolola Odutola, said that a valid court order …

Members of the Association of Resident Doctors (ARD) at the University College Hospital (UCH) in Ibadan, Oyo state, have embarked on an indefinite strike. NAN quoted Uthman Adedeji, the association’s secretary in Ibadan, as saying that the strike was due to power outage in some of the hospital’s residential areas. …