News

W’Bank warns CBN against FX control, direct lending, subsidy programmes

The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconventional measures that might undermine their monetary policies. According to the Washington Bank, these measures include “monetizing the fiscal deficit, direct lending interventions, untargeted subsidy programs, and foreign exchange controls.” The lender emphasised …

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States divided over FG’s N35,000 wage awards to federal workers

By Emma Amaize, Regional Editor, South-South, Dayo Johnson, Sam Oyadongha, Wole Mosadomi, Demola Akinyemi, Egufe Yafugborhi, Umar Yusuf, Bashir Bello, Haruna Aliyu, Dennis Agbo, Marie-Therese Nanlong, Ozioruva Aliu, Ugochukwu Alaribe, Rotimi Ojomoyela, Deola Badru, Shina Abubakar, James Ogunnaike, Emma Una, Dan Abia and Ochuko Akuopha ASABA — States were split …

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Police Arrest Naira Marley Over Mohbad’s Death

The Lagos State Police Command has confirmed the arrest and detention of Marlian Records label boss, Azeez Fashola, popularly known as Naira Marley, in connection with the mysterious death of his former signee, Mohbad. The Lagos police spokesperson, Benjamin Hundeyin, announced Naira Marley’s detention in a tweet on Tuesday night. …

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