The Central Bank of Nigeria has further raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 percent from 26.75 percent “to moderate inflation” at 32.15%. “There is no economic model that portends to take people out of poverty when inflation is accelerating at the level we have seen. There is none. And for…
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has expressed his regret for not buying Arsenal when his interest lies with owning a football club. He said he wished he had bought the English side club when the team was valued at around $2 billion. Speaking in an interview with Bloomberg’s Francine…
The President and Chief Executive of Dangote Group, Aliko Dangote, has urged the Federal Government to end fuel subsidies completely. Speaking in a 26-minute interview with Bloomberg Television in New York on Monday, the time is right to end subsidies that have gulped trillions of naira from the country’s coffers. According to him, the removal…
“What happened over the weekend in the name of election in Edo State does not in any way represent the democratic process we chose as a method of electing our political leadership. “Instead, it was a blatant example of ‘state capture’ and continued gross undermining of our democratic process and values,” Obi said in a…
The Acting National Chairman of the Peoples Democratic Party (PDP), Umar Damagum, at a press conference on Monday, said the party will explore all legal and democratic means to retrieve “the stolen mandate” of its candidate, Asue Ighodalo. “The PDP charges the people of Edo State to remain resolute and undeterred as our Party takes…
Electricity customers on Band A feeders may need to brace up for a possible tariff increase following the rise in the electricity tariff shortfall otherwise known as subsidy. The PUNCH reports that the electricity subsidy to be paid by the Federal Government rose to N181,63bn in September from N102.30bn in May. In April when the…
An 80-year-old grandfather, Pa Aremu Shojobi, has been arrested by the operatives of the National Drug Law Enforcement Agency with 14 kilograms of cannabis. Shojobi confessed to having been selling illicit drugs in the last 25 years, according to a statement on Sunday by the agency’s spokesman, Femi Babafemi. The agency stated that the suspect…
Okpebholo, 54, secured 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party (PDP) who got 247,274 votes, and Olumide Akpata of the Labour Party (LP) who came a distant third in the race with 22,763 votes. Fourteen other candidates contested the seat but got less than the three frontline candidates. “That Okpebholo Monday…
The 27-year-old dominated the opening stages of the bout, dropping the two-time former unified heavyweight champion multiple times. In a dramatic fifth round Dubois was momentarily stunned by two right hands and just as Joshua looked to pile on the pressure, the 34-year-old was caught by successive right hands himself and he was down again,…
According to the police, the operatives also arrested “two key suspects who are members of the PDP, Emotingham Godspower (25) and Farawei Isaac (27), both from Ufunama community, Ovia Southwest Local Government Area, Edo state in a comprehensive operation.” This was disclosed by the Force Public Relations Officer, Olumuyiwa Adejobi, in a statement made available…
