CBN Increases Interest Rate To 16.5%
The Monetary Policy Committee of the Central Bank of Nigeria voted Tuesday to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001. The CBN Governor, Godwin Emefiele, disclosed this while reading the communique of the last MPC meeting of the year on Tuesday, November 22, 2022. The MPC said the tightening would curb...
Court Sacks Labour Party State Assembly Candidates In Rivers
A Federal High Court sitting in Port Harcourt, on Tuesday, nullified the nomination of four House of Assembly candidates of the Labour Party in Rivers State. The presiding Judge, Justice Turaki Mohammed in his judgment agreed with the Peoples Democratic Party, PDP, that the Labour Party did not comply with the Electoral Act act while conducting four of the State...
2023 Presidency: APC Does Not Need Logistics Support From Wike – Gov. Umahi
The Governor of Ebonyi State, David Umahi has said the All Progressives Congress (APC) does not need logistics support but votes from Rivers State. Umahi stated this during the inauguration of the Akpabu-Itu-Omudiogha-Egbeda road in Emohua LGA in Rivers State on Tuesday. On Monday, Rivers Governor Nyesom Wike promised to give the presidential candidate of the New Nigeria Peoples Party (NNPP),...
CBN Gov Explains Features Of The New Naira Notes
The Central Bank of Nigeria Governor, Godwin Emefiele has explained the features of the redesigned notes. Emefiele told State House Correspondents that it was in line with global best practices, noting that it was mandatory for the naira to be redesigned and re-issued every five to eight years. According to him, it is regrettable that the naira has not been redesigned...
Court Remands Pastor For Murder Of Member’s Son
An Ondo State Chief Magistrates Court sitting in Akure, the state capital has remanded a pastor, identified as Samuel Alade-Emin, over his alleged involvement in the death of the son of one of his church members. It was gathered that the deceased had been declared missing for seven days after which he was found in the pastor’s custody at Alagbado...
Herdsmen Attack Rivers Community, Kill Two
Suspected killer herdsmen have allegedly invaded Agbeta II Tuabon Community in Ebubu Clan, Eleme Local Government Area of Rivers State and reportedly killed two persons. The killers had attacked the community last Sunday and killed two men and injured some other persons. It was gathered that since March that the community farmlands have been invaded repeatedly and that the intruders allegedly...
Executive Order 22: Rivers Govt Threatens To Seal Accord Party Office, Gives Seven Days Ultimatum
The Rivers State Government has threatened to seal the Accord Party secretariat in Port Harcourt, the state capital, for violating Executive Order 22, which the state governor, Nyesom Wike, recently implemented. The Rivers government accused the Accord Party (AP) of converting a property at No 5 Ndoni Street in Port Harcourt’s GRA area from residential to semi-public use. According to the government,...
PDP Is A One Big United Family – Ayu
Iyorchia Ayu, National Chairman of the Peoples Democratic Party (PDP), has declared that the party is one big united family. Ayu declared the party’s unity at the launch of its presidential and governorship campaigns in Kwara State on Thursday. His statement comes in the midst of a crisis involving the party’s leadership and the five disgruntled governors known as the G5 governors...
President Buhari Does Not Use And Dump His Loyalists – Ibrahim Gambari
Ibrahim Gambari, the Chief of Staff to President Muhammadu Buhari has stated that his principal does not use and dump his loyalists like other politicians in the country. This was made known by Gambari while reacting to accolades from the leadership of the State House and his staff at a reception organized to mark his 78th birthday in the Presidential...
2023: We Will Relocate Gov Abdullahi Sule To Saudi Arabia – PDP
The Peoples Democratic Party (PDP) in Nasarawa State has boasted that it will relocate Governor Abdullahi Sule to Saudi Arabia after the 2023 elections. The State PDP chairman, Mr. Francis Orogu made the assertion on Thursday during a media dialogue in the Karu Local Government Area of the State. According to Orogu, the governor lacked the capacity to ensure effective administration...
