latest
Breaking: Central Bank Keeps Interest Rate Unchanged At 26.5%.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting held in Abuja.....KINDLY READ THE FULL STORY HERE▶
Reports indicate that 11 members attended the meeting, where deliberations focused on inflation trends, borrowing conditions, and the broader performance of the economy.
The decision was announced on Wednesday by CBN Governor, Olayemi Cardoso, at the conclusion of the session.
Alongside the benchmark interest rate, the committee also left all other key monetary policy parameters unchanged, maintaining its current stance on price stability and financial system management.
The latest decision follows a previous 50-basis-point rate cut in February 2026, after which the bank later maintained the rate at its November 2025 meeting.
In a related development, the Central Bank of Nigeria has introduced the Nigerian Overnight Financing Rate as a new benchmark for the money market.
The initiative is designed to improve transparency, strengthen monetary policy transmission, and deepen activity within the financial system.
According to a statement issued by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the reform was developed in collaboration with the Financial Markets Dealers Association.
The statement noted that the new benchmark will help standardise overnight lending rates and enhance efficiency in Nigeria’s money market operations.
Rivers State Governor, Siminalayi Fubara, has announced his withdrawal from the All Progressives Congress (APC) governorship primary election in the state.....KINDLY READ THE FULL STORY HERE▶
In a statement personally signed on Wednesday, Fubara said the decision followed deep reflection and wide consultations with family, friends, and political associates.
He added that he would fully support whoever emerges as the party’s candidate after the primaries.
Fubara stated, “After deep reflection and extensive consultations with my family, friends, and associates, I have taken the difficult but necessary decision to withdraw from the APC governorship primaries.
“I do so with a full heart and with a firm commitment to support whoever emerges as the candidate of our great party.”
Former Super Eagles captain William Troost-Ekong has said that performances in away matches could be the key factor in determining which teams qualify for the 2027 Africa Cup of Nations.....KINDLY READ THE FULL STORY HERE▶
Troost-Ekong made the remarks following Tuesday’s draw ceremony in Cairo, where he served as one of four assistants at the Confederation of African Football (CAF)-organised event.
He explained that teams capable of securing points on the road will have a stronger advantage in the qualification race.
According to him, playing away from home is always challenging due to different pitches, environments, and playing conditions across the continent.
“Playing away from home is always difficult because you encounter different pitches, environments and conditions throughout the qualifiers,” Troost-Ekong was quoted as saying by CAFonline.
He added that while away victories are crucial, consistency throughout the qualification campaign will also be essential for success.
“Winning away from home is very important if you want to enhance your qualification chances, but consistency throughout the campaign is equally crucial,” he said.
Troost-Ekong noted that teams that manage to win difficult away fixtures will significantly boost their chances of reaching the tournament, describing the qualifying groups as highly competitive.
He also expressed excitement about the upcoming qualifiers and the tournament itself.
The AFCON 2027 qualification series will begin during the FIFA international window from September 21 to October 6, 2026, with the first two matchdays scheduled to be played.
Matchdays three and four will take place between November 9 and 17, 2026, while the final round of fixtures is set for March 22 to 30, 2027, when all qualified teams will be confirmed.
The 2027 Africa Cup of Nations will be co-hosted by Kenya, Uganda, and Tanzania.
Nigerian singer Tiwa Savage has revealed that she only fully understood the importance of a record label to an artist’s mental health after leaving Mavin Records.....KINDLY READ THE FULL STORY HERE▶
The singer, who joined Mavin Records in 2012 and exited in 2019 before signing with Universal Music Group, said she still considers Mavin family despite her departure.
Speaking on the Afrobeats Intelligence podcast with Joey Akan, Tiwa Savage explained that the kind of support system an artist has within a label can significantly affect their emotional wellbeing.
She recalled her time at Mavin Records, saying she often turned to label boss Don Jazzy and other artistes during difficult moments, especially when facing online controversies.
According to her, she would sometimes break down emotionally and find comfort within the label environment, which felt like a family setting.
However, she noted that her experience with an international label has been different, as such personal support systems are not as available.
She stressed the need for artists to carefully consider whether a record label genuinely cares about their wellbeing or simply views them as business assets.
Tiwa Savage said, “Who you signed to is very important and I didn’t appreciate it until after I left Mavin. Whenever there’s a controversy online I’d run to Don Jazzy’s room, sit on the floor or bed with other Mavin acts and we would talk about it. I would cry if I had to cry and we would get through it.
“But being with a [foreign] label, they don’t really care about your personal stuff. So, I can’t really go to the Empire office and cry. I miss that part.”
-
latest9 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp