The Central Bank of Nigeria (CBN) again, on Tuesday, increased the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%. The CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.…
President Bola Ahmed Tinubu on Wednesday presented the 70,000 Minimum Wage bill to the House of Representatives for consideration and passage into law. The bill is to legalise the N70,000 recently agreed upon between organised Labour, the organised private sector and the federal government after a series of…
Oyo State Governor, Engr Seyi Makinde has approved the provision of necessary facilities that will allow for the appointment of ten new judges into the State judiciary. The Chief Judge of Oyo State, Justice Iyabo Yerima revealed this at a special valedictory court session in honour of late Hon. Justice…
Operatives from the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have apprehended 10 individuals suspected of illegal mining in Ogbomoso, Oyo State. The suspects were found with six trucks of lithium. The individuals apprehended by the gallant officers of the EFCC are:…
Probably driven by the words of the now-jettisoned National Anthem, Arise O Compatriots, that the labour of the heroes past shall never be in vain, Oyo State governor, ‘Seyi Makinde, in his policy document, Oyo State Roadmap for Accelerated Development, 2019-2023, made clear his ambition to revive and…
Shooting Stars fan club has been recognized for their outstanding support and dedication to their team, winning the NPFL Fans of the Season award. The award was Presented by the League Bloggers, this honor acknowledges the fan club’s unwavering passion and commitment to their team throughout the 2023/2024…
The Lagos State Police Command has reiterated that it is illegal for vehicle owners and drivers to cover their number plates. The command’s spokesperson, SP Benjamin Hundeyin, disclosed this in a post on X.com on Monday, stating that the act violates the National Road Traffic Regulations. Hundeyin wrote,…
United States President Joe Biden has endorsed Vice President Kamala Harris for the 2024 presidential race. Biden wrote on his official X handle Sunday evening, “My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My…
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to transfer funds in all dormant accounts to the apex bank. A circular by CBN Ag. Director of Financial Policy and Regulations, Mr. John Onoja, last night indicated that accounts that have remained dormant for 10 years…
The Oyo State Police Command said it arrested 41 persons for allegedly armed robbery, rituals, kidnapping, murder and car-snatching, amongst other offences. The Commissioner of Police in the state, Mr Ayodele Sonubi, said this on Friday at the Police Headquarters in Ibadan, while briefing newsmen on the command’s…