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 […]
U.S. and Nigerian forces launched additional strikes on Monday against Islamic State militants in Northeastern Nigeria, U.S. Africa Command announced Tuesday. “The removal of these terrorists diminishes the group’s capacity to plan attacks that threaten the safety and security of the U.S. and our partners,” AFRICOM said in a statement. It’s the third strike in […]
Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 to N1,650 per litre, in a move aimed at easing cost pressures on airlines and stabilising the aviation sector. In a statement on Tuesday, the company said the price adjustment is part of broader interventions to support operators struggling […]
Former Vice President Atiku Abubakar has called on federal authorities and the Kaduna State Government to immediately release former Kaduna State Governor, Nasir El-Rufai, describing his continued detention as “cruel, unjustifiable, and deeply troubling,” particularly as Muslims across Nigeria prepare for Eid Kabir celebrations. Atiku said the development represents a disturbing affront to civil liberties, […]
Nigeria’s Permanent Representative to the United Nations, Dr. Jimoh Ibrahim, has said President Bola Tinubu remains committed to strengthening military partnerships and supporting reforms within the United Nations aimed at addressing emerging global peace and security challenges. Ibrahim stated this on Monday while welcoming participants of the United States Army War College to the Permanent […]
Oyo State Governor, Seyi Makinde, has officially declared his intention to contest for the presidency in the 2027 general elections, making the announcement at a grand rally of the PDP–APM Alliance held in Ibadan. The declaration, which drew a large crowd of party supporters, stakeholders, and political allies, marks a significant moment in the unfolding […]
The Customs Area Controller of the Nigeria Customs Service, Apapa Command, Emmanuel Oshoba, has called for increased vigilance against smuggling activities, especially illicit drugs and prohibited items. He also warned officers against misconduct and improper dressing. Oshoba, speaking during the Command’s monthly parade, urged officers to focus on revenue generation, strengthen anti-smuggling operations, and maintain […]
In its continued quest at tackling the nation’s housing challenges, the Federal Housing Authority (FHA), Wednesday, performed a groundbreaking ceremony at Ofada, Obafemi Owode Local Government Area of Ogun state. The ceremony, which kickstarts the construction of FHA Gateway Estate in Ogun State, was performed by the Managing Director and Chief Executive of the Authority, […]
The President of the Dangote Group, Alhaji Aliko Dangote, has said the group rejected requests by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote stated this in an interview with the Chief Executive Officer of the Norwegian Sovereign Wealth Fund, Nicolai Tangen. The interview […]
