The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27 per cent, following the 303rd meeting of its Monetary Policy Committee (MPC). CBN Governor Yemi Cardoso said the committee also retained the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks, 16 per cent for merchant banks, and…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the Monetary Policy Department (MPD) for its significant contributions to the bank’s achievements over the years. Cardoso spoke on Tuesday in Abuja during the MPD’s 20th Anniversary Colloquium, themed “Monetary Policy in Nigeria: Past, Present and Future”. He was represented by…
Nigerian linguists and language policy scholars have advised the Federal Government (FG) to rethink its decision to drop indigenous languages as the mode of instruction in basic education arms. The experts expressed their minds in separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Tuesday. NAN recalls that the Minister of Education,…
The African Democratic Congress (ADC) has urged the Nigerian government to urgently appoint capable ambassadors and reform its foreign policy to restore global confidence and repair strained diplomatic ties. The party’s National Publicity Secretary, Mallam Bolaji Abdullahi, made the appeal in a statement on Monday following U.S. President Donald Trump’s decision to list Nigeria among…
The Asian Development Bank (ADB) has sanctioned a 500 million US dollar policy-based loan to advance Indonesia’s green growth agenda and reinforce its global competitiveness. The funding is part of the third phase of the Competitiveness, Industrial Modernisation, and Trade Acceleration (CITA) programme — a wide-ranging initiative aimed at boosting trade efficiency, encouraging sustainable investment,…
The Academic Staff Union of Universities (ASUU) has rejected the Federal Government’s ‘No Work, No Pay’ directive, insisting that the union will not be intimidated by threats. ASUU President, Dr. Chris Piwuna, stated this on Monday while speaking as a guest on Channels Television’s Politics Today. Piwuna said the union remained united and would not…
The Federal Government has cautioned the Academic Staff Union of Universities (ASUU) against embarking on a strike, reiterating that the “no work, no pay” policy remains in full effect. The warning was issued in a statement released on Saturday by Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education, and…
President Bola Tinubu has refused assent to two major bills passed by Nigeria’s parliament, underscoring concerns over governance, fiscal accountability and policy coherence. The bills — to establish the Nigerian Institute of Transport Technology and amend the National Library Trust Fund — were returned to the National Assembly with detailed objections. Tinubu warned that the…
The Independent Media and Policy Initiative (IMPI) has welcomed the decision of the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) to 27 per cent. Dr Omoniyi Akinsiju, IMPI Chairman, said this in a statement on Wednesday in Abuja. Akinsiju said that the decision aligned with the position IMPI’s analysts had…
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, on Wednesday inaugurated an ad hoc committee to oversee the implementation of the Federal Government’s Naira-for-Crude Oil policy. Abbas said the move was a critical step toward ensuring transparency, accountability, and efficiency in one of Nigeria’s most significant energy sector initiatives. He charged the committee…
