President Tinubu blasts sponsors of planned protest
President Bola Tinubu has allayed fears of manipulation by any interest group, in the ongoing economic reforms, saying his campaign was self-sponsored, without strings, or indebtedness to any individual or institution. The President, who stated this yesterday when he received a delegation of Islamic leaders at the State House led by Sheikh Bala Lau, noted […]
CBN Raises Monetary Policy Rate From 26.25% To 26.75%
The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate by 50 basis points, from 26.25% to 26.75%. Announcing this after the apex bank’s 296th Monetary Policy Committee meeting in Abuja, CBN Governor, Olayemi Cardoso, said the committee also pegged the Cash Reserve Ratio for Deposit Money Banks at 45% while that […]
President Tinubu calls for suspension of August 1 planned protests
President Bola Tinubu has appealed to Nigerians to shelve the August 1 planned nationwide protests against bad governance in the country. Tinubu, who spoke through the Information Minister, Mohammed Idris, after a meeting yesterday, said he is gravely concerned about the economic challenges and working assiduously to ameliorate the sufferings of Nigerians. Our correspondent, Raliat […]
Stakeholders in oil and gas speak on resolving issues
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has convened a high-level meeting with key stakeholders in the oil and sector to resolve issues surrounding the Dangote Refinery. The minister convened the meeting which held yesterday in Abuja to find a lasting solution to the current impasse affecting the Dangote Refinery, with all parties […]
Joe Biden Drops Out Of US 2024 Election Race
US President, Joe Biden has dropped out of the US presidential election and endorsed his Vice, Kamala Harris as the Democratic Party’s new nominee. In a stunning move which makes Biden the first president in US history to pull out so late in an election race, and the first to bow out because of concerns […]
FG to distribute 30,000 CNG conversion kits to commercial drivers
The Chief Executive Officer, Presidential Compressed Natural Gas (CNG) Initiative, Mr Michael Oluwagbemi, says 30,000 CNG conversion kits have been procured to be distributed to commercial drivers within 90 days. Oluwagbemi added that the CNG initiative which is cheaper, cleaner, safer and more reliable, was to ensure that commercial drivers would benefit from the palliative […]
Kagame re-elected as Rwanda’s President for fourth term
Rwanda’s President, Paul Kagame, has been re-elected with 99.18% of the vote, extending his near quarter-century in office. Chairperson of the National Electoral Commission, Oda Gasinzigwa, told a news conference today that the final election results are due to be announced latest July 27. The two men standing against him both conceded defeat in Monday’s […]
House of Reps Members to slash salaries by 50% for six months
Members of the House of Representatives have resolved to slash their salaries by 50% for six months to support the Federal Government with N648 million for food sufficiency across the country and to address the high cost of food. Deputy Speaker of the House, Benjamin Okezie Kalu, said the salary cut is to be used […]
President Tinubu approves ₦70,000 as New National Minimum Wage
Federal Government and Organised Labour have agreed on ₦70,000 as the New National Minimum Wage for Nigerian workers. Minister of Information, Mohammed Idris, who announced this after President Tinubu meet with the leadership of the Organized Labour yesterday, said the President is expected to submit the new national minimum of ₦70,000 to the National Assembly […]
Rick Ross shares his favourite Blaqbonez song ahead of collaboration
The American rapper, Rick Ross is one of the international acts who has expressed their fascination with Nigerian and African music, he has continued to restate his desire to make an African-themed album. Rick Ross in his latest interaction with Blaqbonez on Instagram Live, revealed that his favourite song of the Nigerian rapper is his hit single ‘Bling’ featuring Amaarae and BNXN. During the […]