Home Blog Page 345

Who is Natasha Osawaru, The Alleged New Lover Of 2face

February 11, 2025

The Edo State House of Assembly reportedly witnessed an unexpected incident on Monday when music star Innocent Idibia, widely known as 2face or 2Baba, made a surprise appearance during the plenary session.
This dramatic incident comes amidst rumours of his alleged affair with a member of the Assembly, Natasha Osawaru, after his separation from his wife, Annie Idibia.

Days after announcing his separation from longtime partner Annie Idibia nee Macaulay, 2Face was spotted leaving a nightclub with a mystery woman.

A video circulating on social media on Monday captured the crowd’s excitement as the singer entered the Assembly complex.
In the video, 2Baba was seen sitting among some individuals, trying to remain out of sight as fans and onlookers gathered around him, attempting to get a glimpse of the music star.

However, Osawaru reportedly denied the allegations through her spokesperson, Eseosa Okundia, dismissing the rumours as “false and baseless.”
The statement was said to have described the claims as “fallacy at its peak,” urging the public to disregard the speculation.

Who Is Natasha Irobosa Osawaru

Natasha Osawaru, 2face Alleged New Lover

Natasha Irobosa Osawaru, born on November 14, 1993, is a Nigerian lawyer and politician representing Egor Constituency in the Edo State House of Assembly. As a member of the People’s Democratic Party (PDP), she serves as the Deputy Majority Leader of the Assembly.

Educational Background

Natasha Osawaru earned a law degree from Igbinedion University, Nigeria. She furthered her education by obtaining a master’s degree in Film Production from Full Sail University in Florida, USA, and completed an advanced course in Communication Design at Parsons, The New School in Manhattan.

Political Career

In the 2023 Edo State House of Assembly elections, Natasha Osawaru was elected to represent Egor Constituency. She was subsequently appointed as the Deputy Majority Leader of the Assembly.

Community Engagement

As a legislator, Natasha is committed to community development and empowerment. She actively engages in business and procurement endeavors, mentors young professionals, and leads impactful outreach programs benefiting her community. Among her notable contributions, she has awarded 32 scholarships to deserving young girls in Edo State, demonstrating her commitment to fostering the next generation of leaders.

Controversies

In June 2024, Natasha Osawaru was ordered out of a plenary session by the Speaker of the Edo State House of Assembly, Blessing Agbebaku, due to alleged improper dressing and wearing dark glasses, which were deemed against the House rules.

Personal Life

Natasha is the granddaughter of Chief Gabriel Osawaru Igbinedion, a renowned Nigerian businessman and philanthropist. Information about her personal life, including her marital status, remains private.

Naira Hits Highest Point in 2025, Nearing N1,500/$ in Black Market Amid Reforms

Tosin Onisuuru

February 11, 2025

The Nigerian naira has reached its strongest position in the unofficial market in 2025, buoyed by improved market fundamentals and ongoing reforms from the Central Bank of Nigeria. In the early hours of Tuesday, the naira was quoted at N1,520/$ in Nigeria’s business capital, marking a significant surge. This price action reflects heightened participation in the Nigerian stock market despite a decline in Treasury bill yields and increased incentives for naira-denominated investments.

Furthermore, the Central Bank of Nigeria’s (CBN) sale of foreign exchange to Bureau De Change (BDC) operators, coupled with a reduction in foreign exchange demand, has provided enough support for the naira bulls to break through the N1,500/$ support line. This marks a rare period of stability for the Nigerian currency, one year after its sharp fall against the US dollar.

Since the relaxation of foreign exchange controls in 2023, the naira lost 70% of its value against the US dollar. However, the Nigerian central bank has implemented various forex interventions and policy measures, such as tightening regulations for BDC operators and boosting dollar liquidity in the official market, to stabilize the naira’s value. CBN Governor, Olayemi Cardoso, has stated that violations of the recently introduced Nigeria Foreign Exchange (FX) Code will have severe consequences, reinforcing the CBN’s commitment to ethical practices and transparency in the country’s forex market.

In global trade news, the U.S. Dollar Index, which measures the greenback’s strength against a basket of six major currencies, rose above 108 index points as currency traders reacted to mixed economic data and new tariff concerns. Traders are also closely watching Federal Reserve Chairman Jerome Powell’s upcoming testimony before Congress for hints about future interest rate policies.

President Donald Trump’s announcement of a 25% tariff on all steel and aluminum imports from Monday also boosted the dollar, while concerns over new trade restrictions led to declines in the Canadian dollar, Japanese yen, euro, and British pound. The dollar index climbed to 108.31, up by 0.21%. Prime Minister Keir Starmer’s spokesperson noted that the UK government would continue to engage with the Trump administration regarding the proposed tariffs.

The CME FedWatch Tool currently indicates a 90% chance that the Fed will keep interest rates unchanged during its March 19 meeting. Additionally, the US 10-year yield has bounced back from its annual low, rising to 4.50%. Markets are watching Powell’s testimony for indications of any future monetary policy adjustments. Investors are also awaiting January’s consumer price inflation data, expected to show a 0.3% monthly increase in both headline and core consumer prices, marking an annual gain of 2% and 3%, respectively.

MTN Raises Data Prices as Nigerian Telcos Enforce 50% Hike Approval

Yemisi Lanre-Idowu

February 11, 2025

MTN Nigeria has raised its data subscription prices as telecommunications operators across the country begin implementing the 50% price increase recently approved by the Nigerian Communications Commission (NCC).

The updated MTN data prices, as seen by Nairametrics, reveal that the 1.8GB monthly plan now costs N1,500, replacing the previous 1.5GB plan priced at N1,000.

The 20GB plan has been adjusted to N7,500 from N5,500, while the 15GB plan now costs N6,500, up from N4,500. Additionally, text message charges have increased to N6.00, a rise from the previous N4.00.

While Airtel, Globacom, and 9mobile have not updated their data prices at the time of this report, Nairametrics confirms that all networks are now charging N6.00 for text messages, reflecting the 50% price increase approved by the NCC.

The rise in text message costs mirrors the NCC’s approved 50% tariff increase.
Telecom industry insiders note that the telcos received final approval for their new tariff structures on Monday, with all operators in the process of revising their data and voice plans.

Two weeks ago, Engr. Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), mentioned that all operators had submitted their new tariff plans to the NCC, awaiting approval.

Backstory
On January 20, the NCC announced the approval of a 50% tariff increase for telecom operators, citing rising operational expenses and the need to maintain industry sustainability. The Commission, through its Director of Public Affairs, Reuben Muoka, explained that this decision falls under the regulatory role defined in Section 108 of the Nigerian Communications Act, 2003.

However, the National Association of Telecommunications Subscribers (NATCOMS) has vowed to challenge the tariff hike in court, arguing that the decision was made without sufficient consultation with key stakeholders, including consumers.

Meanwhile, the Presidency has supported the 50% tariff hike approval, emphasizing its necessity to keep the telecom industry viable. In a recent statement, the President Bola Ahmed Tinubu Media Centre clarified that this approval does not mean telecom operators must immediately raise their tariffs by 50%.

“The approval does not automatically lead to tariff hikes; operators are free to maintain their current rates if they find them sustainable,” the Centre stated. While the decision is seen as a step toward addressing the challenges in Nigeria’s telecom sector, it also highlighted that prices have remained unchanged since 2013, despite rising operational costs.

JAMB Introduces320 UTME Score Benchmark for Under-16 Candidates

Tosin Onisuuru

February 11, 2025

The Joint Admissions and Matriculation Board (JAMB) has announced that outstanding candidates below the age of 16 can be considered for admission into Nigerian tertiary institutions if they achieve a minimum score of 320 (80%) in the Unified Tertiary Matriculation Examination (UTME).

This policy follows the reversal of the mandatory 18-year admission age introduced by former Minister of Education, Tahir Mamman. The current Minister of Education, Olatunji Alausa, has reinstated the 16-year age requirement, a decision widely supported by education stakeholders.

JAMB Registrar, Prof. Ishaq Oloyede, reaffirmed that while 16 remains the standard minimum age for admission, exceptional candidates under 16 may be granted entry under strict conditions. He made this known during a meeting with key education stakeholders, including Chief External Examiners, Chief Technical Advisors, and members of the Equal Opportunity Group.

“This is about complying with the law. Age is a crucial factor in academic and intellectual development. However, we must also recognize and accommodate gifted students who demonstrate exceptional academic ability,” Oloyede stated.

He emphasized that candidates under 16 must prove their excellence through multiple assessments, including UTME, WASSCE, Post-UTME, and GCE O/Level. According to him, a score of 200 in UTME does not qualify as exceptional, but an 80% score (320/400) is a strong indicator of outstanding ability.

Oloyede also expressed concerns about private universities admitting underage students, noting that many struggle academically and are eventually transferred to other programs. He further condemned the manipulation of birth records by parents seeking early admission for their children, only to later adjust their ages for the National Youth Service Corps (NYSC) program.

To address these challenges, JAMB has introduced a mock UTME specifically for underage candidates. However, this mock exam is not for direct admission purposes but rather to assess the capabilities of younger students.

The JAMB Registrar also confirmed the upcoming UTME schedule:

Form Sales: January 31 – March 5
Mock UTME: February 23
Main UTME: March 8

This initiative aims to ensure that only truly exceptional students under 16 are granted admission while maintaining academic integrity within Nigeria’s tertiary education system.

Emirates and Air Peace Expand Travel To 13 Nigerian Cities

Mary Oluwabamise

February 11, 2025

Global airline Emirates has signed an interline agreement with Nigeria’s Air Peace, enhancing travel connectivity for passengers flying to and from Nigeria. This partnership extends Emirates’ reach to 13 additional Nigerian cities, offering seamless single-ticket booking and simplified baggage handling.

The agreement was announced in a joint statement by Emirates’ Deputy President and Chief Commercial Officer, Adnan Kazim, and Air Peace’s Chief Operating Officer, Mrs. Oluwatoyin Olajide.

As part of the deal, passengers flying from Dubai to Lagos can now connect effortlessly to key Nigerian cities, including Asaba, Akure, Benin City, Calabar, Enugu, Ilorin, Kaduna, and Owerri. Additionally, business travelers will benefit from connections to other major destinations such as Kano, Uyo, Port Harcourt, Warri, and Abuja.

Emirates emphasized that the agreement would further strengthen trade and diplomatic ties between Nigeria and the United Arab Emirates (UAE).

Commenting on the partnership, Adnan Kazim stated, “Emirates remains a strong supporter of Nigeria’s tourism, trade, and aviation industries. This collaboration with Air Peace enhances connectivity, providing more travel options for corporate and leisure passengers, as well as those visiting friends and family.”

Air Peace’s COO, Oluwatoyin Olajide, also expressed enthusiasm about the agreement, highlighting its impact on global connectivity for Nigerian travelers.

“We are excited about this strategic interline partnership, which marks a significant milestone in improving travel accessibility for Nigerians. It aligns with our goal of delivering seamless, world-class travel experiences while expanding our international network,” she said.

Olajide further emphasized that the collaboration would improve ease of travel, boost business and tourism, and strengthen economic ties between Nigeria and the UAE. She also noted that it would reinforce Nigeria’s aviation industry by enhancing efficiency and positioning the country as a key regional and global travel hub.

“At Air Peace, we are committed to delivering greater connectivity, convenience, and top-tier service for our passengers,” she added.

With this interline agreement, both airlines aim to provide more efficient travel solutions while driving growth in Nigeria’s aviation sector.

Inter Milan Edges Fiorentina 2-1 in Serie A Thriller

Tosin Onisuuru

February 11, 2025

Inter Milan delivered a commanding performance against Fiorentina, securing a 2-1 victory that perhaps undersells their dominance. With this win, the Nerazzurri remain just one point behind Napoli in the Serie A standings. The goals came from Marin Pongračić’s own goal and Marko Arnautović for Inter, while Rolando Mandragora equalized for Fiorentina from the penalty spot late in the first half.

Pre-Match: Tactical Adjustments and Squad Rotations

Inter Milan manager Simone Inzaghi made several changes to his starting XI, looking to freshen up the squad after their lackluster display on Thursday. On the other hand, Raffaele Palladino largely stuck with his usual lineup, making just one enforced change—Matías Moreno stepping in for the suspended Pietro Comuzzo. This time, however, Fiorentina had more depth on the bench, giving them additional tactical flexibility.

First Half: A Dominant Inter Start and a Controversial Equalizer

Inter Milan came out flying, immediately putting Fiorentina under intense pressure. Lautaro Martínez narrowly missed with a volley inside the opening minute, setting the tone for what would be a relentless opening spell. The Nerazzurri pinned their opponents deep in their half, hitting the woodwork twice from corners before eventually breaking the deadlock.

The breakthrough arrived in the 28th minute from another corner, albeit in controversial fashion. Federico La Penna’s VAR crew failed to spot that the ball had gone out of play in the buildup, leading to a moment of frustration for Palladino, who received a booking for his protests. Nonetheless, Inter deserved their lead, even if it came through an unfortunate own goal by Marin Pongračić, a strike that Lautaro Martínez initially tried to claim.

Despite Inter’s dominance, Fiorentina managed to push forward sporadically. One of these rare attacks led to a corner, which the visitors executed brilliantly. Rolando Mandragora sent a cross to the back post, where Robin Gosens met it with a header that struck Matteo Darmian’s arm. After reviewing the incident on the monitor, La Penna awarded Fiorentina a penalty—a decision that seemed like a soft but inevitable make-up call.

Mandragora stepped up and confidently converted from the spot in the 44th minute, leveling the match against the run of play. The goal sparked tempers on both sides, leading to a flurry of late challenges and bookings. The first half ended with Fiorentina fortunate to be on equal terms, though the manner of the goals left a bitter taste.

Second Half: Arnautović Restores Inter’s Lead

As expected, Inter emerged from halftime with renewed intensity. The hosts resumed their attacking dominance, and it took just seven minutes for them to reclaim the lead. Carlos Augusto delivered a high, looping cross into the box, and Marko Arnautović rose above the defense to head home from close range in the 52nd minute.

Fiorentina’s defensive lapses were evident, with Luca Ranieri and Pongračić failing to track Arnautović properly, while goalkeeper David de Gea hesitated in claiming the cross. Despite the defensive errors, Inter’s goal was well-deserved given their control of the game.

The Nerazzurri continued to apply pressure, but Fiorentina slowly began to grow into the contest. Palladino introduced Danilo Cataldi, Michael Folorunsho, Nicolò Fagioli, and Nicolò Zaniolo in an attempt to shift the momentum. Fagioli, in particular, made an impact with some incisive passing, but it wasn’t enough to break down Inter’s well-organized defense.

Ultimately, Fiorentina fought hard but couldn’t find an equalizer, falling to a narrow yet deserved defeat.

What’s Next?

The defeat leaves Fiorentina in 6th place with 42 points, just one behind Juventus and three behind Lazio, who currently occupy the final Champions League qualification spot. Their next three fixtures—vs Como, at Hellas Verona, and vs Lecce—are must-win games if they hope to keep pace in the top-four race.

However, their upcoming match against Como could prove tricky, as star striker Moise Kean will be unavailable due to suspension. Palladino will need to be creative with his lineup, possibly turning to Fagioli and Zaniolo for inspiration, while hoping for returns to fitness for Danilo Cataldi and Albert Guðmundsson.

For Inter Milan, this win keeps them firmly in the title race as they continue their pursuit of Napoli at the top of the table.

Kemi Badenoch’s Immigration Crackdown: Countries You Can Get Free Visa From

Tosin Onisuuru

February 11, 2025

The term ‘Japa’ has become synonymous with the aspiration of many Nigerians to seek better opportunities abroad. However, recent developments in global immigration policies, particularly those proposed by UK Conservative leader Kemi Badenoch, may significantly impact these ambitions.

Understanding Kemi Badenoch’s Proposed Immigration Reforms

Kemi Badenoch, the UK’s Conservative leader, has introduced stringent immigration proposals aimed at reshaping the UK’s approach to foreign nationals. Key elements of her proposal include:

Extended Residency Requirement: Increasing the minimum period before migrants can apply for Indefinite Leave to Remain (ILR) from five to ten years.
Delayed Citizenship Eligibility: Proposing that immigrants should only be eligible for British citizenship after 15 years of residency.
Exclusion Criteria: Barring migrants with criminal records, those who have claimed benefits, or sought social housing from obtaining permanent residency.

Implications for Nigerians Aspiring to Relocate to the UK

These proposed reforms present several challenges for Nigerians considering relocation to the UK:

Prolonged Path to Citizenship: The extension of the residency requirement delays the timeline for obtaining citizenship, potentially affecting long-term plans for individuals and families.
Stricter Eligibility Criteria: The exclusion of individuals with certain backgrounds or those who have accessed public benefits may disqualify a segment of Nigerian migrants.
Increased Uncertainty: The evolving nature of immigration policies adds a layer of unpredictability, making long-term planning more complex for prospective migrants.

Alternative Countries with Accessible Citizenship and Lenient Immigration Policies

Given the tightening immigration landscape in traditional destinations like the UK and the US, you may consider the following countries that offer more straightforward pathways to citizenship:

1. Argentina

Citizenship Timeline: 2 years
Requirements: Legal residency for two years, basic Spanish proficiency, and integration into Argentine society.
Why Choose Argentina?: One of the fastest citizenship programs in the world; allows dual citizenship.

2. Paraguay

Citizenship Timeline: 3 years
Requirements: Open a local bank account and deposit around $5,200 to qualify for permanent residency. After three years, you can apply for citizenship.
Why Choose Paraguay?: Low cost of living, easy banking system, and access to Mercosur countries.

3. Uruguay

Citizenship Timeline: 3 years (for married individuals), 5 years (for single applicants)
Requirements: Physical presence, economic activity (job or business), and cultural integration.
Why Choose Uruguay?: Offers a stable economy, excellent healthcare, and no minimum income requirement.

4. Brazil

Citizenship Timeline: 4 years (can be reduced to 1 year if married to a Brazilian)
Requirements: Legal residency, basic Portuguese knowledge, and integration into society.
Why Choose Brazil?: Dual citizenship is allowed, and the country has a strong passport with visa-free travel to over 160 countries.

5. Canada (Through Asylum or Express Entry)

Citizenship Timeline: 3–5 years
Requirements: If applying through Express Entry, you need work experience and language skills. Refugees and asylum seekers can also apply for citizenship after three years.
Why Choose Canada?: Offers free healthcare, high living standards, and work opportunities.

6. Serbia

Citizenship Timeline: 3 years
Requirements: Live in Serbia legally for three years and show cultural or economic ties.
Why Choose Serbia?: Easy residency, affordable living, and visa-free travel to the Schengen Zone.

7. Mexico

Citizenship Timeline: 5 years (can be reduced to 2 years if married to a Mexican)
Requirements: Residency, basic Spanish knowledge, and cultural integration.
Why Choose Mexico?: Strong passport with visa-free access to over 150 countries, including the EU and Canada.

8. Dominican Republic

Citizenship Timeline: 2 years
Requirements: Live in the country continuously, have a clean criminal record, and show basic Spanish knowledge.
Why Choose Dominican Republic?: Offers one of the fastest naturalization processes without requiring huge financial investments.

9. Grenada

Grenada’s Citizenship by Investment Program provides visa-free access to over 140 countries, including the EU, UK, and China. Applicants can obtain citizenship by investing in real estate or contributing to the National Transformation Fund.

As global immigration policies become more restrictive, it’s crucial for Nigerians aspiring to ‘Japa’ to stay informed about the evolving landscape.

While traditional destinations may present new challenges, alternative countries offer viable pathways to citizenship with more lenient immigration policies. Careful consideration of these options, aligned with individual goals and circumstances, can help in making informed decisions about relocation.

Romania’s Outgoing President Resigns to Prevent Impeachment

Tosin Onisuuru

February 10, 2025

Romania’s outgoing president, Klaus Iohannis, resigned on Monday, preempting an impeachment effort by opposition hard-right parties. These parties had been planning to initiate proceedings against him.

Romania, a European Union and NATO member country bordering Ukraine, was thrown into political chaos last year when little-known far-right NATO critic Calin Georgescu won the first round of the presidential election.

After allegations of Russian interference, which Moscow denied, Romania’s highest court annulled the entire election.

With the election’s two rounds now set to be re-run on May 4 and May 18, the court had previously ruled that Iohannis, whose second and final term ended on December 21, would remain in office until a successor was elected.

However, in January, three far-right opposition parties, holding around 35% of parliament seats, introduced an impeachment motion against Iohannis.

As the impeachment motion approached a vote and with Iohannis’ popularity at a low point, analysts suggested that some lawmakers from mainstream pro-European parties might side with the hard-right’s impeachment attempt, potentially securing the votes needed for success.

“I am resigning from the president’s office to spare Romania this pointless and negative crisis,” Iohannis told reporters. “The request will have consequences both domestically and abroad.”

Ilie Bolojan, the Senate speaker and head of the Liberal Party within the ruling coalition, will assume the role of interim president with limited powers until the election.

The three hard-right parties, which gained popularity after Georgescu’s surprise victory, have used their campaign against Iohannis as a platform for protests and to shift the political narrative.

2025 Golden Award: Who’s Likely to Wear the Crown?

Tosin Onisuuru

February 10, 2025

The Premier League Golden Boot race has fans buzzing this season. Over the past few years, Erling Haaland has dominated, winning the award twice in a row with remarkable numbers. Before him, Harry Kane was often the league’s top scorer. Betting on the winner has become a thrilling part of the season for many supporters.

Fans eager to make their predictions can take advantage of the best betting deals—those interested should explore Ladbrokes offer details for smarter bets and greater returns. Now, the competition is fiercer than ever, with Mohamed Salah leading the charge.

Salah Leads the Way

Mohamed Salah has been the standout performer for Liverpool this season. He has scored 17 goals and provided 13 assists in just 18 games, playing a crucial role in Liverpool’s title challenge. Salah is not just a goal scorer; his playmaking abilities have been just as important, making him an all-around attacking threat.

One of his most memorable performances came against Tottenham in a thrilling 6-3 victory, where he scored twice and assisted twice. His consistent excellence has seen him achieve another historic milestone—becoming the first Premier League player to reach double figures in both goals and assists before Christmas. Additionally, with 80 assists, he now shares a spot with David Beckham on the all-time assist chart.

Haaland Slows Down

Manchester City’s Erling Haaland has experienced a challenging season compared to his previous campaigns. While he has still managed to score 14 goals, his form has dipped significantly, with just three goals in his last 12 games. This is a stark contrast to his explosive debut season in the Premier League, where he seemed unstoppable.

Despite his current struggles, Haaland remains a formidable opponent. He netted two hat-tricks earlier in the season and is only three goals behind Salah. However, if his form doesn’t improve soon, catching up may prove difficult.

Palmer and Isak in the Mix

While Salah and Haaland lead the race, other players are also making a strong case. Chelsea’s Cole Palmer has scored 12 goals and provided six assists, establishing himself as one of Chelsea’s most valuable players at just 22 years old.

Newcastle’s Alexander Isak is also impressing with 12 goals despite playing fewer matches. His hat-trick against Ipswich Town and a crucial goal against Manchester United have showcased his importance to Newcastle’s campaign.

Salah’s Record-Breaking Season

Beyond the Golden Boot race, Salah’s performances this season have cemented his status as one of Liverpool’s greatest players. He recently became the club’s fourth-highest goal scorer with 229 goals, surpassing Billy Liddell. Next on his radar is Gordon Hodgson’s record of 241 goals, a feat that seems well within reach.

In the Premier League, Salah now has 172 goals, inching closer to legends like Thierry Henry and Frank Lampard on the all-time scoring chart. If he maintains his current form, he could climb even higher before the season ends.

The battle for the 2025 Premier League Golden Boot is far from over. While Salah currently holds a strong lead, Haaland, Palmer, and Isak remain serious contenders. Other players like Chris Wood from Nottingham Forest (11 goals) and Matheus Cunha and Bryan Mbeumo (10 goals each) are also keeping the competition tight.

Liverpool’s title hopes rely heavily on Salah’s brilliance, making his performances even more critical in the coming months. With his contract set to expire next summer, every goal he scores not only adds to his legacy but could also influence his next career move. As the season progresses, all eyes will remain on Salah and Haaland to see who ultimately claims the Golden Boot.

CBN Reschedules MPC Meeting To February 19 And 20

Tosin Onisuuru

February 10, 2025

The Central Bank of Nigeria (CBN) has rescheduled the 299th Monetary Policy Committee (MPC) meeting, which was originally set for February 17 and 18, 2025. According to a statement issued on Monday, the meeting will now take place on February 19 and 20, 2025.

The statement read, “The Central Bank of Nigeria has announced that the 299th meeting of its Monetary Policy Committee earlier scheduled for February 17 and 18, 2025, will now be held on Wednesday, February 19 and Thursday, February 20, 2025.”

This change puts an end to the uncertainty surrounding the meeting dates, which arose from delays in the release of the rebased Consumer Price Index (CPI) by the National Bureau of Statistics.

With the new dates now confirmed, the statement highlighted that economic analysts are closely monitoring whether the committee will maintain or raise the Monetary Policy Rate in response to the current economic situation.

The first MPC meeting for 2025, originally planned for January 27-28, was pushed to February to allow time for the release of the rebased inflation and GDP data.

This isn’t the first time the CBN has postponed an MPC meeting under the leadership of Olayemi Cardoso. After taking office in September 2023, the CBN delayed another MPC meeting as investors and analysts awaited Cardoso’s approach to managing inflation. The first MPC meeting of 2024, held on February 26 and 27, was also the first under Cardoso’s leadership.

Monetary policy decisions are strongly influenced by inflation trends. However, with the rebased CPI still pending, which was expected at the end of January, there are concerns about the timing of critical economic data ahead of the MPC meeting. The NBS typically releases its CPI report on the 15th of each month. If this schedule is upheld, the inflation report may be released just three days before the newly scheduled MPC meeting.

1...344345346...2,674 Page 345 of 2,674