By Tony Obiechina Abuja The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the country’s interest rate at 27.50 percent. The governor of CBN, Olayemi Cardoso, disclosed this at a press briefing on Tuesday after the 300th MPC meeting in Abuja. “The committee unanimously agreed to retain MPR at 27.50 percent,” he stated. Cardoso also announced that the MPC members decided to retain the Cash Reserve Ratio (CRR) at 50 basis points for commercial bank and 16 percent for mortgage bank, the liquidity ratio (LR) at 30 percent, and the asymmetric corridor at +500/-100 basis points around…
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By Tony Obiechina Abuja The Federal Government has reaffirmed its strong commitment to revitalising Unity Schools across the country. This was disclosed by the Minister of state for Education, Professor Suwaiba Sa’id Ahmad, during an unscheduled visit to Federal Government College (FGC), Kano, and Federal Government Girls College (FGGC), Kazaure, as part of efforts to assess infrastructure, teaching standards, and student welfare in these institutions. During the visits, Professor Suwaiba engaged directly with school leadership, teachers, and students, gaining first-hand insights into the conditions of the schools and the challenges they face. She explained that the inspection was not ceremonial…
President Bola Tinubu on Friday said traditional institutions remain integral to the country’s development and called for more support in implementing policies that directly impact people’s livelihoods. The President spoke when he received the 46th Alaafin of Oyo, Oba Abimbola Abdulhakeem Owoade I, his wife, Abiwumi, and a delegation of other traditional rulers from Oyo State at the Presidential Villa in Abuja. President Tinubu congratulated the Alaafin for his ascendancy to the historic throne, assuring the royal father of his prayers and support. “It is a great joy for me and a great honour. Your ascendancy to the throne of…
The Nigeria Women Football League (NWFL) on Thursday confirmed a total prize package of ₦24.5 million for the ongoing 2025 NWFL Premiership Super 6, offering increased financial incentives for all six participating clubs. According to the breakdown, the eventual champions will pocket ₦10 million, maintaining the standard of the past two editions. The runners-up will earn ₦6 million, while the third-placed team gets ₦4 million, both representing a ₦1 million increase from last season. In a significant improvement, the bottom three teams will each receive ₦1.5 million, up from ₦500,000 last season—stressing the league’s commitment and keen intent to support…
*As NSC names Organizing Committee By Harry Awurumibe, Editor, Abuja Bureau In preparation for Nigeria’s hosting of the upcoming World Athletics Africa Road Running Conference, the National Sports Commission (NSC) has constituted the event’s Organizing Committee, naming Chief Solomon Ogba, First Vice President of the Nigeria Olympic Committee (NOC), as the Chairman. According to a statement signed by Dr. (Mrs.) Kehinde Ajayi, Director, Press at NSC, the Committee comprises distinguished sports administrators and seasoned professionals drawn from both the sports industry and corporate sector. Chairman of the NSC, Mallam Shehu Dikko, emphasized the careful selection process behind the committee’s composition.…
By Harry Awurumibe, Editor, Abuja Bureau The field is now complete for the final tournament of the 24th edition of the FIFA U-20 World Cup finals, which will be staged in Chile, from September 27 to October 19, 2025. Two-time runners-up and one-time bronze-medallists Nigeria lead the African challenge that also include Egypt, Morocco, and South Africa. Ghana, the only African country to have won the championship (when Egypt hosted in 1999), failed to reach this year’s global finals after penalty shoot-out defeat by hosts Egypt in the quarter-finals of the ongoing African finals. Nigeria lost to Portugal in the…
By Harry Awurumibe, Editor, Abuja Bureau The field is now complete for the eighth edition of the African Nations Championship (CHAN), earlier scheduled to take place in the month of February but now rescheduled for August 2 to 30, 2025. Algeria and South Africa grabbed the two last qualifying slots and will both team up with joint-hosts Uganda, Niger Republic, and Guinea in group C. 2018 silver-medallists Nigeria will be up against Senegal, Equatorial Guinea and Sudan in group D, after earlier-drawn Congo Brazzaville, was thrown out following a protest lodged by Equatorial Guinea. Joint-hosts Kenya head group A that…
By Andrew Abah The Chinese Government has intensified bilateral relationships with the Nigerian Government through the National Sports Commission, NSC, following the visa glitch that led to Team Nigeria withdrawing from the World relays in Guangzhou, China. This landmark feat was achieved when officials of the Chinese Embassy paid a diplomatic visit to the leadership of the National Sports Commission. Culture Counselor of the Chinese Embassy Yang Jian Xing expressed regrets over the visa challenges that prompted Nigeria to withdraw from the World relays and pledged China’s commitments to the country’s vision for Sports Development. ” I want to describe…
Justice Muhammad Musa Karaye of a High Court in Kano has sentenced one Adamu Isma’ila Arzai to death by hanging for killing his friend during a fight over a cap. The incident happened in 2016 while Arzai and the victim, Auwal Shehu Kabara, were on their way to Bauchi for a business trip. A disagreement over a cold cap turned violent, leading Arzai to stab Kabara. During the trial, the prosecution, led by Wahida Isma’il, called five witnesses to support the case. The defendant also testified in his own defence. In his judgment, Justice Karaye ruled that the prosecution had…
Former President Goodluck Jonathan is afraid Nigeria might soon slide into a one-party state, warning of the danger it portends. He posited that creating a one-party state through the backdoor of political machinations would be detrimental to the nation. Jonathan spoke on Wednesday, in Abuja, while paying a tribute to the late elder statesman and former federal commissioner for information, Edwin Clark, at a memorial lecture and day of tribute. Prompt News reports that the foremost Ijaw leader and politician, Edwin Clark, died in February at the age of 97. However, the former President said “If we must, as a…