CBN retains rate at 26.5%, cites Middle East tensions

•Says banks no longer need forbearance •External reserves sustains upward trend, hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent. CBN Governor, Mr. Olayemi Cardoso, announced the decision yesterday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. He […]
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Abam monarchs reaffirm support for Otti, disown alleged anti-government remarks

By Steve Oko UMUAHIA — Traditional rulers in Abam Clan of Arochukwu Local Government Area of Abia State have reaffirmed their support for Governor Alex Otti’s administration, distancing themselves from what they described as unauthorised statements allegedly made against the governor and some of his appointees from the area. The monarchs, known as Ndi Eze […]

Remi Tinubu unveils N2bn intervention to revive Akwete Textile Industry

…Urges Nigerians to Embrace Indigenous Fabric By Steve Oko UMUAHIA — Nigeria’s First Lady, Senator Oluremi Tinubu, has unveiled a N2 billion intervention fund to revive the Akwete weaving industry in Abia State, pledging support for the establishment of a modern production and research hub to preserve the centuries-old textile heritage. Mrs Tinubu announced the […]

Students are not instruments for settling scores, NAOSS president warns politicians

By Adesina Wahab Students are not instruments for settling political scores or securing cheap publicity and politicians should therefore avoid dragging them into their political disputes and controversies, the National President of the National Association of Ogun State Students, NAOSS, Aare Oluwafemi Ajayi, has said. Ajayi, in a statement on Wednesday, also noted that the […]

Experts seek HR overhaul to boost business resilience, economic growth in Nigeria

Human resource professionals, business executives, academics and policymakers have called for a radical transformation of the human resources profession, warning that organisations must rethink workforce management to remain competitive in an era of economic uncertainty, artificial intelligence and rapid technological change.

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