Day: February 27, 2024

CBN Takes Aggressive Stance, Raises Interest Rate to 22.75%

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Cash Reserve Ratio Also Adjusted as CBN Addresses Inflation and Exchange Rate Pressures The Central Bank of Nigeria (CBN) has announced an upward adjustment of its benchmark interest rate, the Monetary Policy Rate (MPR), to 22.75%. The decision was disclosed by the CBN Governor, Mr. Olayemi Cardoso, following the conclusion of the Monetary Policy Committee (MPC) meeting held in Abuja. Cardoso revealed that the asymmetric corridor around the MPR has been modified to +100 – 700 basis points from +100 – 300 basis points. Additionally, the Cash Reserve Ratio (CRR)…

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PDP Disclaims Parallel Primary, Affirms Asue Ighodalo as 2024 Edo Governorship Candidate

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National Chairman Urges Reconciliation Among Aspirants for Unity The People’s Democratic Party (PDP) has officially disclaimed the existence of any parallel primary election, asserting that only one primary was conducted, resulting in the emergence of Asue Ighodalo as the substantial 2024 governorship candidate for Edo State. The National Chairman of the PDP, Iliya Damagun, issued this disclaimer during the certificate of return presentation ceremony held at the party’s national headquarters in Abuja on Tuesday. Damagun emphasized the unity of the PDP in Edo State and urged all aspirants to reconcile…

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Chief of Defence Staff Urges Positive Discourse Amidst National Challenges

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Seminar Explores Non-Kinetic Efforts in Security Management In a one-day seminar organized by the Defence Correspondents’ Association of Nigeria, the Chief of Defence Staff (CDS), General Christopher Musa, addressed the complex challenges facing Nigeria. Urging citizens to refrain from negative rhetoric and cursing the nation and its leaders, General Musa emphasized the importance of fostering a positive outlook for national productivity. The seminar, themed “Civil-Military Relations: Non-Kinetic Efforts of the Nigerian Military in Security Management, Challenges, and Prospects,” provided a platform for intellectual discourse on critical national security issues. General…

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House of Representatives Halts Implementation of Nurses’ Certificate Verification Guidelines

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Revised Guidelines Face Scrutiny Following Urgent Motion The House of Representatives has taken decisive action to suspend the implementation of the revised guidelines for verifying certificates of nurses and midwives, issued by the Nursing and Midwifery Council of Nigeria (NMCN). The move comes after an urgent motion was presented by Rep. Patrick Umoh (APC-Akwa-Ibom) during Tuesday’s plenary session in Abuja. In his motion, Umoh highlighted that the revised guidelines, set to take effect on March 1, 2024, posed significant concerns. The guidelines stipulate that applicants for verification must possess a…

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Defence Minister Assures Military of President Tinubu’s Dedication to Welfare and Security

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8th OSMA General Assembly Opens in Abuja; Calls for Non-Kinetic Measures in Security Challenges The Minister of Defence, Badaru Abubakar, has conveyed President Bola Tinubu’s commitment to the welfare and working conditions of the Nigerian military and security agencies. This assurance was made on Tuesday during the opening of the 8th edition of the General Assembly of the Organisation of Military Sports in Africa (OSMA) in Abuja. Minister Abubakar affirmed President Tinubu’s dedication to ensuring the best welfare and working conditions for armed forces personnel and security agencies, acknowledging the…

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Police Investigate Alleged Attempted Sale of 5-Year-Old Boy by Mother in Port Harcourt

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Woman Apprehended by Traders Claims Hardship as Motive; Investigation Underway The Rivers State Police Command has initiated an investigation into an alarming incident involving a woman accused of attempting to sell her five-year-old son in Port Harcourt. The incident unfolded at a popular market located on Bishop Okoye Street in the Mile 3 area of Port Harcourt on Saturday. According to reports gathered by our correspondent, the woman identified as Onyinye brought the young boy to the market, where drama ensued as some vigilant traders confronted her after suspecting her…

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Nigeria Labour Congress Leads Nationwide Protest Against Economic Hardship and Inflation

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Unions Rally in Abuja, Express Grievances Over Cost of Living, Insecurity, and Economic Hardship Amid growing concerns over the high cost of living, inflation, insecurity, and overall economic hardship in Nigeria, the Nigeria Labour Congress (NLC) and affiliated unions have initiated a protest in Abuja. The demonstration commenced at the Labour House Headquarters in Abuja at precisely 9:36 am, with various unions participating, including the Medical and Health Workers Union of Nigeria, FCT Council, National Association of Nigeria Nurses and Midwives, Nigeria Union of Teachers, and Construction Workers’ Union, among…

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Troops Arrest Suspected Kidnappers, Recover Vehicle and other Items

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The Nigerian Army troops of Headquarters 4 Brigade, personnel of OPERATION WABAIZIGAN, acting on credible intelligence, have successfully arrested a suspected kidnapper and gun runner, Ekenaye Festus alongside 4 of his collaborators in the general area of Agbor Road, Iguomor Community in Ikpoba Okha Local Government Area of Edo State. According to Acting Assistant Director, Army Public Relations, 4 Brigade Nigerian Army, Captain Chinonso Polycarp Oteh he said “The Suspects who were arrested in the early hours of 25 February 2024 have been terrorizing Obagie Community and were suspected to…

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STRATEGIC PARTNERSHIP: CAS at Tunis for the African Air Chiefs Symposium

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The Chief of the Air Staff, Air Marshal Hasan Abubakar, is currently attending the Annual African Air Chiefs Symposium (AACS), holding at Tunis, Tunisia from 26 February to 1 March 2024. The annual event is a multinational security cooperation initiative facilitated by the Association of African Air Force (AAAF) and sponsored by the United States Air Force for Europe and Air Force Africa. The event serves as an avenue to build on preceding symposia, identify key challenges confronting African air chiefs and their air forces, strengthen partner networks, discuss strategic…

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LABOUR: NPF Assures Defending Protesters’ Rights Amid Proposed Nationwide Protest

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As NPF Places Men on Red Alert Across Nigeria, Warns Impostors Against Hijack The Nigeria Police Force, on the heels of the proposed nationwide protest by the Nigeria Labour Congress (NLC), has affirmed that it will ensure the rights and freedom of protesters are protected. In a statement issued by the Force Pubic Relations Officer ACP Muyiwa Adejobi he said “The fundamental right of all citizens of the country to engage in peaceful protest in line with extant laws. In line with its lawful duty to maintain law and order,…

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