INFLATION: Analysts divided over MPC decision on policy rate
Investment analysts are divided on whether the Central Bank of Nigeria, CBN will at the end of the meeting of its Monetary Policy Committee, MPC, raise the Monetary Policy Rate, MPR, following the three-month consecutive increase in the inflation rate. The inflation rate rose to 16.82 per cent in April,
AIHS 2022: HDAN Harps On Dialogue With Political Leaders On Housing
Nigeria’s leading housing advocacy organization, Housing Development Advocacy Network (HDAN), has stressed the significance of dialogue as a mechanism for addressing the country’s housing gap, as it sets out to engage political aspirants at both state and federal levels on housing. Mr. Festus Adebayo, executive director of HDAN made this
Electoral Act Amendment: Bill yet to be signed — Presidency sources
There are conflicting stories on the position of the Electoral Act Amendment Bill waiting for President Muhammadu Buhari’s assent. It was earlier reported that President Muhammadu Buhari may have appended his signature to the piece of legislation. Some online platforms, on Saturday, published a story claiming that the President
Priest suspended for joining Benue state governorship race
The Catholic Diocese of Gboko in Benue State has suspended Reverend Father, Hycainth Alia, for expressing interest in the governorship contest of the state. Alia is among the 12 governorship aspirants who purchased expression of interest and nomination forms of the All Progressives Congress (APC) to participate in
FUTA VC: ASUU members divided over rejection of new Vice Chancellor
Members of the Academic Staff Union of Universities, (ASUU) of Federal University of Technology, Akure, (FUTA) are divided over the appointment of the first female Vice-Chancellor of the institution, Prof. Adenike Temidayo Oladiji. Recall that some concerned members of the union recently kicked against the appointment of Oladiji, but
Yomi Fabiyi and wife storm church after marital crisis for damage control
Actor Yomi Fabiyi’s new wife is working really hard at changing the narration of their marital crisis after she previously goofed and called him out on social media. It was recalled that on the 11th of May, 2022, Yomi Fabiyi’s new wife, Grace Jimoh Fabiyi dragged him on social
Lagos airport shut temporarily, flights diverted over mangled corpse on runway
The international wing of the Murtala Muhammed International Airport, Lagos, was temporarily shut in the early hours of Thursday after the mangled body of a dead man was found on Runway 18R of the nation’s flagship airport. The identity of the corpse could not be ascertained as of press time.
Bakers decry inability to pass rising production costs to consumers
Bakers across the country have decried the impact of the rising price of flour and other production inputs even as they find it difficult to pass the rising cost to the final consumers whose purchasing power has been hit by steep inflation and naira depreciation. Bakers submitted that except production
World Bank to fund $30bn projects in Nigeria, others
The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global response to combat the ongoing food security crisis. According to the bank, it is working with countries on a $12bn
Nigeria’s Q1 trade deficit rose by 175%, hit $764m – CBN
The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022, according to data from the Central Bank of Nigeria. The International Trade Summary on the CBN’s website shows that the total value of international trade was $28.77bn in