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faith Jegede

CBN Bans Banks From Utilising Naira Devaluation Gains 

The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilizing gains from the revaluation of the naira to pay dividends or finance operations.

Umahi Tackles Contractor Over Shoddy Job

The new minister of works, Senator Dave Umahi who is on a familiarization tour of the federal roads across Nigeria, slammed a contractor handling roads in the East, for doing shoddy jobs.

FG Hikes Electricity Meters Price By 40%

The Federal Government, on Wednesday, announced an increase in the prices of single-phase and three-phase pre-paid electricity meters and declared that the hike takes effect from September 6, 2023.

NANS Tackles DSS, To Storm UNILAG Tomorrow

The National Association of Nigerian Students has warned the Department of State Services not to try to deter students from exercising their rights to protest, saying this is a universally recognised human right.

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CBN Holds Interest Rate At 26.5% As MPC Cites Global Risks And Inflation Concerns

The Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate, the Monetary Policy Rate (MPR), at 26.5 per cent, following the conclusion of the Monetary Policy Committee (MPC) meeting in Abuja. CBN Governor Olayemi Cardoso, who announced the committee’s decision on Tuesday, said the move reflected the...

144 Migrants Dead Or Missing Off Mauritania’s Coast, UN Says

The UN refugee agency reported on Tuesday that 144 migrants are dead or missing after attempting to reach Europe via the waters off Mauritania, following three separate rescue operations carried out between July 14 and 18. The heaviest toll came from a single boat that departed Bufaloto, Gambia,...

ECOWAS Demands Release Of Detained Opposition Leader In Guinea-Bissau

The Economic Community of West African States (ECOWAS) has called on Guinea-Bissau's military-led government to unconditionally free all detained political figures, including opposition leader Domingos Simoes Pereira, according to a statement issued after a summit of regional heads of state in Sierra Leone. Freeing the political prisoners would...