CBN raises Interest Rate from 24.75% to 26.25%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate for the third straight time by 150 basis points from 24.75 per cent to 26. 25 per cent. The CBN Governor Yemi Cardoso who is also the Monetary Policy Committee (MPC) chairman said the committee at its 295th meeting retained the Cash Reserve […]
Labour unions agree to attend Tuesday talks with FG over new minimum wage
The Organised Labour has reiterated its May 31, 2024 ultimatum to the Federal Government to meet all of its demands, which includes implementation of a new national minimum wage and reversal of the hike in electricity tariff. The position was contained in a communique issued at the end of a joint emergency National Executive Council […]
Iran’s President Raisi involves in an accident
A helicopter carrying Iran’s President Ebrahim Raisi and Iranian Foreign Minister Hossein Amir-Abdollahian has been involved in an accident. State media reports say Raisi was heading to the city of Tabriz, in the north west of Iran, after returning from an Iran-Azerbaijan border area. According to local media, the Bell 212 helicopter – one of […]
Women’s Club World Cup to take place in 2026
FIFA has confirmed that the inaugural Women’s Club World Cup will take place in January and February 2026. The 16-team tournament will be held every four years and fall during the domestic season for European leagues, between the Women’s Champions League group stages and the knockout rounds. FIFA at its congress today in Bangkok also […]
NBS-Nigeria’s inflation rate rose to 33.69%
The National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released yesterday shows Nigeria’s inflation rate rose to 33.69% in April 2024 compared to March 2024 headline inflation rate which was 33.20%. A cursory look at the movement, the April 2024 headline inflation rate showed an increase of 0.49% points when compared to the […]
ASUU-Nigeria ranks lowest in education budgets
The Academic Staff Union of Universities (ASUU) has decried the neglect of the education sector, saying Nigeria ranks lowest in education budgets across the West African sub-region. ASUU President, Prof. Emmanuel Osodeke, said this at a One-Day Workshop organised by the Tertiary Education Trust Fund (TETFund) in Abuja on Tuesday reiterating the union’s call for […]
JAMB releases additional 36,540 UTME results
The Joint Admissions and Matriculation Board (JAMB) has released additional 36,540 UTME results, which were earlier withheld for further investigation. Its spokesperson, Dr Fabian Benjamin in a statement said the results were in addition to the previous 531 results released during the week, bringing the total results released to 1,879,437. He further urged religious organisations […]
FEC sets up Tripartite Committee to Streamline Visa Processing
The Federal Executive Council, (FEC), has approved the establishment of a tripartite committee to streamline visa processes and acquisition for investors interested in investing in Nigeria. The Minister of Information and National Orientation, Mohammed Idris, who made this known while briefing newsmen in Abuja said the Goverment is also considering the idea for the facilitation […]
President mandates the procurement of CNG vehicles
President Bola Tinubu has directed the mandatory procurement of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies. Addressing members of the Federal Executive Council (FEC) at the State House on Monday, President Tinubu affirmed that there is no turning back in the energy reforms initiated by his administration, as well as reiterated his commitment […]
FG to empower 5000 NYSC Members
The Federal Government says it plans to empower at least 5,000 Corps members with N10 million each to fund their entrepreneurial ventures upon passing out of the NYSC scheme. The Minister of Youth Development, Dr Jamila Ibrahim, who revealed this yesterday in Abuja, during the opening ceremony of the maiden meeting of National Youth Service […]
