The Monetary Policy Committee (MPC) of the Central Bank of Nigeria on Wednesday retained all major monetary policy parameters at its 305th meeting, keeping the benchmark interest rate unchanged. According to the committee’s decisions, the Monetary Policy Rate (MPR), which serves as the benchmark interest rate, was maintained at 26.5 per cent. The MPC also […]

The Defence Headquarters (DHQ) has dismissed reports suggesting that terrorist groups have established operational bases in Nigeria’s South West, insisting that intelligence assessments do not support claims of an entrenched insurgent presence in the region. In a statement signed by Major General Michael Onoja, Director of Defence Media Operations, on Wednesday, the military described the […]

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