Nigeria’s central bank cut its benchmark interest rate to 13.5 percent from 14 percent, its governor said on Tuesday, following a meeting of its Monetary Policy Committee. The move is the first rate cut in more than two years in Africa’s biggest economy. Most analysts polled by Reuters in January expected rates to be kept […]
Super Eagles technical adviser, Gernot Rohr said that Brighton defender Leon Balogun and FC Midtjyland striker Paul Onuachu will be in the lineup today at the Stephen Keshi Stadium, Asaba when Nigeria face Egypt in a friendly match. Leon Balogun Leon Balogun Both Onuachu and Balogun started the game on the bench when Nigeria wrapped […]
Buoyed by increasing foreign portfolio investments (FPIs) and stability in crude oil price, Nigeria’s external reserves has risen to a five-month high of $43.507 billion as of last Thursday, THISDAY has learnt. The reserves rose as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will commence its 266th meeting tomorrow. The […]
The Building Collapse Prevention Guild on Monday said about 36,000 potential buildings might soon collapse in Lagos State and other parts of the country. According to the President of BCPG, Mr Akinola George, this is because most buildings in Lagos State are not constructed by the people who are properly trained to do so. The […]
The Movement for the Survival of Ogoni People (MOSOP) has described the Federal Government’s N3.039 billion expenditure on Ogoni clean up as the “biggest scam, using it to resume oil exploration in the region.” In a statement, the group’s president, Fegalo Nsuke, said his people had lost confidence in the entire process, alleging lack of […]
Another building has collapsed in Lagos, a few weeks after 20 persons were confirmed killed in a similar accident. The scene of the latest collapse at 50, Kakawa on Lagos Island, is less than four kilometres from Ita Faji where school children were among those that died. “Preliminary investigation revealed that the building had been […]
By Foster Obi In a responsive approach to mitigate customer complaints arising from estimated bills, Ikeja Electric has set up a “Bill Dispute Resolution Panel” (BDRP) across its Undertaking offices to help expedite cases of disputed bills. The panel, which comprises selected staff with expertise in the business operations and customer services, will meet with […]
The Nigerian Communications Commission, NCC, yesterday announced that it had concluded plans to disburse money to Infrastructure companies, InfraCos, to facilitate provision of affordable internet services in the country. NCC NCC Executive Vice Chairman of the NCC, Prof. Umar Danbatta, spoke weekend when he received a delegation from the United States Trade and Development Agency […]
There were scenes of wild celebration across major cities in Tanzania yesterday after the country’s national team; the Taifa Stars defeated the Uganda Cranes 3-0 to achieve a historic qualification for this year’s Africa Cup of Nations to hold in Egypt. Amuneke leaves Al Khartoum over unpaid salaries Amuneke Yesterday’s qualification was Tanzania’s first since […]
IN spite of the two months consecutive decline in inflation rate, improved stability of the exchange rate and decline interest rate on fixed income instruments, the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, is expected to retain the Monetary Policy Rate, MPR, and other benchmark rates at same level at the […]