Olayemi Cardoso, the Central Bank of Nigeria Governor has said the Monetary Policy Committee raised the country’s interest to 27.25 percent to curb inflation. This is according to a press statement from the apex bank on Sunday. He described the decision to raise interest rates as a necessary move to control inflation and curb excess money in circulation. Cardoso, who spoke at the Harvard Club of Nigeria over the weekend, stressed that the rate hike, while difficult on borrowers, is crucial for the country’s economic stability. “Our decision to raise the Monetary Policy Rate to 27.25 percent was a bold…
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The Arewa Consultative Forum (ACF), has set up committees to tackle rising insecurity in the Northern part of the country. The committees were inaugurated following a resolution reached at the ACF’s Board of Trustees (BOT) meeting on September 4, 2024. In a statement by the ACF’s national publicity secretary, Professor Tukur Muhammad-Baba, the Unity, Peace, and Reconciliation Committee, chaired by Alhaji (Dr.) Yayale Ahmed was mandated to propose realistic strategies to foster harmony and dialogue across Northern communities. He said the initiative stems from concerns over the worsening state of inter-group relations in the region, which had hampered peaceful coexistence…
The Israel Defense Forces, IDF, early Monday said its air force attacked a command centre of the Palestinian militant organisation, Hamas in the Gaza Strip. The IDF said the command centre was located in the Deir al Balah area in central Gaza embedded within the Shuhada al-Aqsa hospital. In the same area, the army had earlier said that it attacked Hamas command centres that had been located in a former school and a former mosque. The IDF said that numerous measures had been taken to reduce the risk to civilians before the “precise” attack. According to the army, the command…
Gunmen suspected to be bandits have kidnapped the district head of Kanya under the Danko/Wasagu Local Government Area of Kebbi State. The bandits kidnapped the district head, Isah Daya when they stormed his village on Saturday. They also killed one, injured three persons and kidnapped eight others. The State Police Public Relations Officer, Nafui Abubakar, who confirmed the attack, gave the name of the deceased as Sheriff Alhaji Almu. He said a combined security team led by the police has launched a manhunt on the abductors of the monarch to rescue the abducted persons. He also said that the Kebbi…
The Minister of Art, Culture and Creative Economy, Hannatu Musawa, has again refused to clear up the controversy surrounding her National Youth Service Corp, NYSC, certificate scandal. Speaking as a guest on Channels Television’s Politics Today on Sunday, Musawa insisted she won’t be distracted by such discussion. The minister failed to provide the Senate with evidence that she participated in the mandatory NYSC scheme during her screening after President Bola Tinubu sent her name for confirmation. Musawa was eventually confirmed in 2023, but some persons dragged her to court, claiming she got the appointment without completing the mandatory service as…
Juventus midfielder, Paul Pogba, is in talks with the Serie A club over the termination of his contract. According to Mail Sport, Pogba’s second stint with the Italian giants is set to end. This comes after the Frenchman’s initial four year doping ban was reduced by the Court of Arbitration for Sport (CAS) to just 18 months on Friday. This means the 31-year-old can resume playing competitive football in March. Pogba can also restart training in January. But Pogba is likely to continue his career away from Juventus, with the expectation that he will reach a mutual agreement with the…
Rivers United players have been rewarded with a sum of N2m for Sunday’ hard-earned 2-1 home victory over Sunshine Stars. Rivers State Sports Commissioner, Chris Green splashed the cash on the players after the game. The former Nigeria Premier Football (NPFL) champions secured top position on the table following the win. Goals from Stephen Manyo and Ndifreke Effiong guaranteed the win. Finidi George’s side are unbeaten in the NPFL this season. The Port Harcourt club have amassed 13 points from five games. NPFL: Rivers United players get N2m bonus for win over Sunshine Stars
Jose Peseiro has explained the reason he is still inactive months after leaving his role as Super Eagles head coach. Peseiro quit the position in February following the expiration of his contract. The Portuguese guided the Super Eagles to second position at the 2025 Africa Cup of Nations in Cote d’Ivoire. The former Saudi Arabia and Venezuela coach said he is still waiting for the right project. “I honestly don’t see myself coaching another team in Portugal, even though there are projects that I’m excited about,” Peseiro told Portuguese news outlet Ojogo. “So far, it hasn’t happened. I’ve had offers…
Sunshine Stars technical adviser, Kennedy Boboye, has blamed his players for the 2-0 loss to Kano Pillars. Ahmed Musa’s brace earned Kano Pillars maximum points in the matchday five encounter. Boboye said that his side paid the price for not converting their chances. “It was a bad game for us. We played very well, but the result did not show how we performed,” Boboye stated in a post-match interview. “We wasted many goal-scoring chances. If we had converted our chances, we would have been 4 goals up in the first half. “When you fail to convert your chances, you get…
The Resident Electoral Commissioner, REC, in Ondo State, Oluwatoyin Babalola, has disclosed that the Bimodal Voter Accreditation System, BVAS, and the non-sensitive materials have arrived in the state ahead of the November 16 governorship poll. According to the REC, INEC is not leaving anything to chance towards ensuring that the commission conducts seamless and flawless polls in the state. Babalola, who disclosed this during a media briefing with newsmen, maintained that security agencies are also prepared for the off-cycle governorship election and stressed that vote-buying would be tackled during the election. The REC added that Registration Area Technical Support Staff…