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Banks have begun to increase interest rates on deposits in line with the sustained hike in the Monetary Policy Rate, MPR, by the Central Bank of Nigeria, CBN. At its last Monetary Policy Committee, MPC, meeting previous week, CBN raised MPR by another 25 basis points the sixth consecutive raise …

•As NERC grants license to Ekiti IPP Consumers in the country paid N247.1 billion for electricity in the first quarter of 2023, an increase of 1.14 percent compared to N243.65 billion paid in the fourth quarter of 2022, the latest report from the Nigerian Electricity Commission, NERC, has shown. In …

Britain’s Foreign Secretary James Cleverly walks outside Number 10 Downing Street in London, Britain, October 18, 2022. REUTERS/Toby Melville UK Foreign Secretary, James Cleverly, has announced a new partnership between Nigerian Exchange Limited (NGX) and the UK government in Mobilising Institutional Capital Through Listed Product Structures (MOBILIST). Cleverly disclosed this …

Following the withdrawal of her name from the list of ministerial nominees by President Bola Tinubu, Dr. Maryam Shetty blamed life with its characteristic unpredictability for the action, saying, however, she bore no ill will towards anyone. She said being nominated was a validation of her capabilities and a sign …

•Ask President, ECOWAS to tread with care The Senate and the Jama’atu Nasril Islam, JNI, led by the Sultan of Sokoto, Muhammadu Sa’ad Abubakar, have asked the Chairman of the Economic Community of West African States, ECOWAS, and President of Nigeria, Bola Tinubu, and other leaders of the region to …

“It is quite impossible for those who want to gain power to avoid getting rid of those who are most likely to form the opposition” – Critias, 404 BC, VANGUARD BOOK OF QUOTATIONS, VBQ, p 196. In addition to those in opposition, power-grabbers abhor those likely to form a rival …

  Governor Alex Otti of Abia State has hinted his administration would soon establish a Commission on the Ease of Doing Business. The Governor who disclosed this when he received in the audience a team from the Central Bank of Nigeria (CBN), led by the Abia State Branch Controller, Mr …

Stakeholders in the education sector, including the West Africa Office of the Association of African Universities (AAU), the Joint Admissions and Matriculation Board (JAMB) and the National Universities Commission (NUC) have launched a Framework of Action for Accelerating Academic Excellence (FAAAE) in the Nigerian higher education system. This was unveiled at …

Cute Abiola in police uniform Abdulgafar Abiola, widely known as Cute Abiola, has embarked on an exciting new chapter in his career as he makes his entry into Nollywood. The popular skit creator has secured a significant role in an upcoming highly-anticipated Nollywood movie, signaling his official entry into the world …

File Photo: Electricity power station The Port Harcourt Electricity Distribution Company (PHED) has begun the adoption of modern innovations to improve service delivery to customers in its four franchise states. The states include Akwa Ibom, Bayelsa, Cross River and Rivers. The PHED’s Managing Director, Dr Benson Uwheru made this known …