CBN raises interest rate to 22.75% in a bid to curb inflation
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 400 basis points to a record 22.75% from 18.75 percent. Addressing journalists at the end of the two-day first MPC meeting of the year in Abuja, CBN Governor, Olayemi Cardoso, disclosed that the committee voted to adjust […]
US President Joe Biden hopes for ceasefire in Israel-Gaza war
The Egyptian foreign minister said “the world is witnessing the most heinous crimes” against the Palestinians in the Gaza Strip, adding that the war there has exposed double standards in the approach to crises around the world. Sameh Shoukry made the remarks at the session of Human Rights Council in Geneva, stressing the need for […]
President Bola Tinubu launches the handbook for EELMS Programme
President Bola Tinubu has launched the handbook for the Expatriate Employment Levy Management System (EELMS) Programme aimed at giving guidelines for employment of Nigerians and expatriates in the country. The President, however, said that the implementation should not constitute a bottleneck or hindrance to the much needed foreign investment in the country. The programme is […]
FEC approves the construction of Lagos-Port Harcourt-Calabar Coastal Superhighway
The Federal Executive Council has approved the construction of Lagos-Port Harcourt-Calabar Coastal Superhighway at a cost at 1.067 trillion naira. Briefing journalists at the end of FEC meeting, in Abuja, Minister of Works, Dave Umahi said the road project will run through the nine coastal states up to Lagos, adding that the first phase of […]
Minister says FG has achieved about 90% of 15-point MoU with organised Labour
Labour Minister Nkiruka Onyejeocha says the Federal Government has achieved about 90% of the 15-point memorandum of understanding it had with the Organised Labour last October. In a monitored TV Programme, Politics Today, the minister revealed that the NLC President, Joe Ajaero, told government representatives at a meeting on Sunday that the protest was not […]
2024 Screen Actors Guild Award Winners Announced
Cameo are delighted to provide radio assets for winnersOPPENHEIMER & SUCCESSIONClick on the links below to access Oddyo pages to download audio for broadcast. Outstanding Performance by a Cast in a Motion PictureWINNER – OppenheimerAmerican FictionBarbieThe Color PurpleKillers Of The Flower Moon Outstanding Performance by a Male Actor In Leading RoleWINNER – Cillian Murphy – OppenheimerBradley Cooper – […]
President Bola Tinubu orders full implementation of Oronsanye Report
In its bid to reduce cost of governance and eliminate the duplication of functions by several departments and agencies, the Federal Government has resolved to implement part of the Stephen Oronsaye Panel report to merge some parastatals, while others will be subsumed, scrapped or relocated. Minister of Information and National Orientation, Mohammed Idris clarified that […]
Super Falcons defeat Cameroon in Olympic qualifier
The Super Falcons of Nigeria defeated the Indomitable Lionesses of Cameroon in the second leg of their 2024 Paris Olympic qualifier. Ester Okonronkwo scored in the 14th minute to give the Super Falcons a 1-0 win after Nigeria was forced to settle for a goalless draw in the first leg The winner will play South […]
Largest US military exercise in East Africa begins
A US-led military exercise code-named “Justified Accord” begins in Kenya yesterday, with more than 20 nations taking part in what has been billed as the largest event of its kind in East Africa. The 11-day exercise, which will end next Thursday, is aimed at increasing participating countries’ readiness for peacekeeping missions, crisis response and humanitarian […]
Nigeria Customs suspend sale of seized food items over stampede
The Nigeria Customs Service (NCS) has suspended its food disposal initiative following a stampede that claimed seven lives on February 23, during the distribution of 25Kg bags of rice at its Zonal Headquarters, Yaba, Lagos State The service announced the suspension in a statement by its National Public Relations Officer, Mr Abdullahi Maiwada, noting that […]