Finally, Progress Chukwuyem Wins Nigerian Idol Music Reality Show

The Nigerian Idol musical reality show sponsored by the Bigi carbonated soft drink brand of Rite Foods, ended on Sunday, with Progress Chukwuyem emerging the winner of the 10-week talent hunt and won the N100,000,000 worth of prizes.The things he won includes a N30 million cash, a new SUV, a Bigi branded refrigerator and a year’s supply of Bigi drinks, an EP and a music video, a weekend getaway from TravelBeta, and a DStv Explora fully installed with a 12 months premium subscription. Progress Chukwuyem (left) receiving a dummy cheque…

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Nigeria’s Central Bank Increases Monetary Policy Rate To 13%

The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rate, to 13 per cent. Governor, of the CBN Mr Godwin Emefiele made the disclosure at the end of MPC meeting in Abuja. The CBN policy-setting committee voted to raise the rate, the first time in over two years. The monetary policy rate (MPR) is the baseline interest rate in an economy, every other interest rate used within an economy is built on it. Addressing journalists after the committee’s meeting at the CBN…

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