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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 …

The Federation Account Allocation Committee (FAAC) has announced the indefinite postponement of its meetings for February 2025. Ali Mohammed, FAAC secretary, announced the postponement in a statement on Thursday. “Further to our earlier notice referenced F.12090/T/68 dated 14th February, 2025 on the above subject, I am directed to inform you …

A mild drama erupted in the Senate on Thursday as Senate President Godswill Akpabio ordered the Sergeant-at-Arms to remove Senator Natasha Uduaghan, representing Kogi Central, from the chamber. The drama started after a report by Senate Chief Whip Mohammed Monguno, who informed the Senate that Senator Natasha had refused to …

Renowned talent manager Ubi Franklin has shared insights on success and business growth with his followers, urging them to take bold steps in pursuing their dreams. This comes amid reports of his alleged separation from Nigerian music superstar David Adeleke, popularly known as Davido, and his wife, Chioma Adeleke. Franklin …

A Federal High Court in Abuja has rescheduled the trial of Olugbenga Obadina, Chief Executive Officer of Almond Projects Limited, for alleged N2.17 billion fraud, until May 12. Olugbenga Obadina was alleged to have received the money from retired Col. Sambo Dasuki, former National Security Adviser (NSA) during the President …

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, …

Kuda Technologies Limited and its CEO, Babatunde Ogundeyi are currently embroiled in a legal dispute in a UK court, with accusations of sex discrimination, victimisation, and unfair dismissal brought by its former Group Chief People Officer (CPO), Rosemary Hewat. Hewat filed a case in UK Employment Tribunal accusing the company …

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 …

… Donates N8bn to Presidential Library, Pledges N2bn Annually Until Completion The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has praised former Head of State, Gen. Ibrahim Badamasi Babangida, popularly known as IBB, for implementing policies that liberated the private sector in Nigeria during his regime. Dangote …