MPC Retains Interest Rate at 11.5% in First 2022 Meeting

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday held its meeting, the first in 2022, where members unanimously voted to retain the Monetary Policy Rate (MPR), otherwise known as interest rate at 11.5 per cent. Reading a communiqué after the meeting, Mr Godwin Emefiele, the CBN Governor, said the MPC also unanimously agreed to hold all other monetary policy parameters constant. Consequently, the Asymmetric Corridor was retained at +100 and -700 basis points around the MPR, the Cash Reserved Ratio (CRR) at 27.5 per cent…

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Igbo Presidency 2023: Mazi Sam Ohuabunwa Explains Why He Will Contest

Mazi Sam Ohuabunwa, has said his ambition to contest in the 2023 presidential election is not motivated by the clamour for a president of Igbo extraction. Since 1960 when Nigeria got its independence from the British colonial masters, the eastern part of Nigeria has suffered all manners of marginalization, which even led to the declaration of Biafra and eventual war between the east and the rest of Nigeria. Ohuabunwa said his ambition is not motivated by those clamours or those sad stories of the past but by his competence, adding…

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Insecurity Across Nigeria: Criminals Kill Ogun Monarch, Set Him Ablaze

Characters suspected to be hoodlums on Monday Ayinde Odetola, the traditional ruler of Agodo village in Ewekoro local government area of Ogun State. The killing was the second attack on the Odetola family in less than three months. It was gathered that Mr Odetola and one other aide were killed within a month. While the monarch was burnt beyond recognition, his brother, who was also attacked months ago, was allegedly hacked to death by the assailants. The attack on the monarch allegedly happened around 11:00 a.m. on Monday. A resident…

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Sad Side Of AFCON Cameroon Vs Comoros: Six People Dead, Many Injured In Stampede

The ongoing Africa Cup of Nations has been hit by bad news as Six persons have been reported dead after a crush at Olembe Stadium that hosted Cameroon and Comoros in the Cameroonian capital Yaounde on Monday. In a video that surfaced online, football fans were seen struggling to get access to the stadium. A Cameroon-based television, CRTV, reported that “half a dozen deaths and dozens have been injured”. Confederation of African Football confirmed the incident in a statement, saying that investigation is ongoing. The statement read, “CAF is aware…

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