Transition politics to restrict MPC economic policy decisions

Transition politics to restrict MPC economic policy decisions

The last Monetary Policy Committee (MPC) meeting in the life of the present government holding today will largely shy away from key economic issues threatening the nation's economy, due to transition uncertainties. In order to facilitate the attainment of the objective of price stability and to support the economic policy of the Federal Government, a committee of the Central Bank of Nigeria (CBN) referred to as MPC is in place made up of the CBN Governor as the Chairman with the four Deputy Governors of the Bank, two members of the Board of Directors of the Bank as well as three members appointed by the President and two members appointed by the Governor.
Visible Articles 5 10 15
Fed Neuropsychiatric Hospital, Enugu suspends 3 staff

Fed Neuropsychiatric Hospital, Enugu suspends 3 staff

ENUGU—The Federal Neuropsychiatric Hospital, Enugu, has placed a male nurse on three months suspension for allegedly injecting a patient with unprescribed drugs. The nurse, identified as Alozie Ejimadu, allegedly carried out the act during the March 28 presidential election. Similarly, two other members of staff of the hospital, Ozurumba Anthony and Ihezue Ejike, were equally interdicted for different alleged offences.

Champion Breweries grows turnover to N3.3bn, returns to profitability

Champion Breweries grows turnover to N3.3bn, returns to profitability

Champion Breweries Plc has recorded substantial improvement in its trading results with a record leap in turnover from N2.2 billion recorded in 2013 to N3.3 billion in 2014. The Company which has repositioned to attract credit, also returned to profitability and generated a profit of N25.5 million as against a loss of N543.9 million declared for the previous year.

Ekiti PDP: Elders’ Forum rejects chairman’s removal

Ekiti PDP: Elders’ Forum rejects chairman’s removal

The Elders Forum of the Peoples Democratic Party, PDP, in Ekiti State has kicked against the purported removal of the chairman of the party in the state, Chief Idowu Faleye, by a group within the party, saying Faleye remains the chairman of the party.

Suspend evacuation of petroleum products by road — Terminal operators

Suspend evacuation of petroleum products by road — Terminal operators

“Ultimately and on the long run, the incoming government should get our refineries working to reduce the nation’s avoidable dependence on importation of petroleum products. The tank farms in Apapa must also be relocated to allow a breath of fresh air for port operation,” Haastrup said. She said port operators and their staff have been worse hit by the gridlock as the various operators have suffered “substantial losses” since the gridlock set in.

Leadership crisis in Awka deepens

Leadership crisis in Awka deepens

Awka—-THE leadership crisis in Awka, Anambra State capital, worsened, weekend, with security operatives averting what could have led to a major confrontation between the contending parties. Stakeholders in the community claimed that its former President General, Mr. Tony Okechukwu, whose tenure expired March this year, was hanging on to power and frustrating moves to conduct election for the emergence of a new leadership.

15,000 traders may be displaced over market ownership crisis in Onitsha

15,000 traders may be displaced over market ownership crisis in Onitsha

Nnewi—Traders of Marine Modern Market, Onitsha, Anambra State, have appealed to Governor Willie Obiano to settle amicably the ownership crisis at market, which has retarded its growth and structural development. They expressed fears that the continued court case over the ownership of the market by some people in the state was retarding the growth and structural development of the market and have, therefore, appealed to Governor Obiano to intervene to settle crisis amicably.

Otti challenges Ikpeazu’s victory at tribunal

Otti challenges Ikpeazu’s victory at tribunal

UMUAHIA—Governorship candidate of All Progressives Grand Alliance, APGA, in the last elections in Abia State, Dr. Alex Otti, has filed a petition at the Abia State Election Tribunal sitting in Umuahia, against INEC’s declaration of PDP governorship candidate, Dr. Okezie Ikpeazu, as winner of the poll. In the petition, Otti is praying the tribunal to declare him the rightful winner of the election on the grounds that Ikpeazu was wrongly declared winner.

Police nab robbery syndicate in Ebonyi

Police nab robbery syndicate in Ebonyi

ABAKALIKI—A syndicate that specializes in robbing unsuspecting citizens of the state of their monies, electronics and other household property, was, last weekend, arrested and paraded by Ebonyi State police command. The suspects who are all indigenes of Enugu State, include Okechukwu Okolie, 27, Nnabude Onwudiwe, 28, and Sunday Agu, 38.

Enyeama, Ejide let in 8 goals

Enyeama, Ejide let in 8 goals

Super Eagles top two goalkeepers Vincent Enyeama and Austin Ejide had a bad day in the office Saturday when they each conceded four goals as their clubs, Lille and Hapoel Be’er Sheva respectively, lost.

LP denies merger plan to challenge APC

LP denies merger plan to challenge APC

lagos—The Labour Party, LP, has denied reports of an impending merger of the Peoples Democratic Party, PDP, and other parties such as the All Progressive Grand Alliance, APGA, Hope Party, and KOWA Party to form a formidable mega opposition party to challenge the All Progressive Congress, APC. Speaking with journalists over the weekend, the National Secretary of Labour Party, Mr Kayode Ajulo debunked the rumours as “false and diversionary”, stating that at no time whatsoever had the leadership of the party entered into merger talks with any other party.