Author: bibncollar

The Central Bank of Nigeria (CBN) has kept the Monetary Policy Rate (MPR), its key interest rate, unchanged at 27.5%.CBN Governor, Mr. Olayemi Cardoso, announced this following the conclusion of the Monetary Policy Committee (MPC) meeting. He stated, “The committee unanimously agreed to maintain all existing parameters as follows: retain the MPR at 27.5%, keep the asymmetric corridor around the MPR at +500/-100 basis points, uphold the cash reserve ratio at 50% for deposit money banks and 16% for merchant banks, and sustain the liquidity ratio at 30%.”

Adamawa Governor Cancels Own Traditional Title, Withdraws Honors from Atiku, Haruna, Others Adamawa State Governor, Ahmadu Umaru Fintiri, has nullified traditional titles held by himself, former Vice President Atiku Abubakar, ex-Governor Boni Haruna, and several others due to the reorganization of emirates and chiefdoms within the state. Fintiri disclosed this decision during the installation ceremony of the new Chief of Madagali, stressing that all District Heads must now align with the restructured emirates and chiefdoms. He clarified that traditional titles granted under the previous system were no longer recognized. The reorganization impacts titles previously assigned within the Adamawa and Mubi…

Former Kaduna State Governor, Nasir Ahmad El-Rufai, has reacted to the release of Bashir Saidu, his longtime ally and former commissioner, after 50 days in custody. In a statement on X (formerly Twitter), El-Rufai described Saidu’s detention as abduction and “unjustified incarceration,” alleging that it was politically motivated. “Bashir has been my friend for over 53 years, a Barewa College classmate, former Commissioner of Local Government, and of Finance, and former Chief of Staff,” he wrote. The former governor accused security operatives and elements within the judiciary of obstructing justice and delaying Saidu’s bail, claiming that the incident was an…

Former Head of State, General Yakubu Gowon (retd.), has expressed gratitude to ex-Military President, General Ibrahim Babangida (retd.), for restoring his rank and honour after his removal from office. Speaking at the book presentation of Babangida’s autobiography on Thursday in Abuja, Gowon acknowledged that Babangida played a crucial role in clearing him of treason charges and reinstating his military status. “I had a very rough time in government; I was even charged with treason. Later, President Shagari rescinded that order, and you (IBB) eventually restored my rank and honour. You did quite a lot for the country,” Gowon said. Also…

The Chief of Army Staff, Lieutenant General Olufemi Oluyede, has declared that notorious bandit leader Bello Turji will soon be eliminated as the military escalates operations in Zamfara State. Speaking on Thursday at the Headquarters of Operation Hadarin Daji in Gusau, Oluyede assured that Turji is on the run and will soon be neutralized. “Bello Turji is on the run as we speak, and wherever he goes, we follow him. Let him keep running — it is just a matter of time before he is removed from the space,” Oluyede said. The Army Chief highlighted recent victories against bandit groups,…

Plenary at the Nigerian Senate was briefly disrupted on Thursday after Senator Natasha Akpoti-Uduaghan, representing Kogi Central, protested the unauthorized change of her seat. The session, presided over by Senate President Godswill Akpabio, was in progress when Senator Mohammed Ali Monguno, the Chief Whip, raised a point of order, drawing attention to what he called Senator Akpoti-Uduaghan’s improper seating position. Before Monguno could finish his statement, Akpoti-Uduaghan reacted angrily, engaging in a heated exchange on the floor. As tensions escalated, Sergeant-at-Arms officers moved in, attempting to escort her out of the chamber. Despite attempts by the Senate President to restore…

The Federal University Lokoja (FUL) has been shut down indefinitely following ongoing student protests over the tragic deaths of their colleagues in a road accident. Since Monday, February 17, 2025, students have been barricading the university gates, demanding justice after a trailer crashed into a school shuttle bus, killing at least five students on the spot. In response to the unrest, the university’s management announced the indefinite closure of the institution. The decision was conveyed in a circular issued on Thursday, February 20, 2025, by Dr. Rebecca Aimiohu Okojie, Registrar and Secretary to Council. The circular, which was also sent…

The Imo State House of Assembly has lifted the suspension of four lawmakers following the adoption of a report presented by the House Committee on Ethics and Privileges, chaired by Majority Leader Kanayo Onyemaechi. While presenting the report, Onyemaechi, who represents Owerri West, stated that the suspended lawmakers had appeared before the committee, expressed remorse, and pledged to uphold parliamentary ethics if reinstated. The lawmakers – Dominic Ezerioha (Oru West), Samuel Otuibe (Ahiazu), Henry Agbasonu (Ezinihitte), and Samuel Ogbunikpa (Okigwe) were suspended on July 2, 2024, over what the House described as “unparliamentary conduct.” After reviewing the report, the House…

A member of the House of Representatives representing Gwaram Federal Constituency in Jigawa State, Yusuf Shittu Galambi, has defected from the New Nigeria Peoples Party (NNPP) to the All Progressives Congress (APC). Galambi, who first won a by-election under the APC in 2021, later switched to the NNPP ahead of the 2023 general election. Reading his defection letter during plenary, Speaker of the House, Dr. Tajudeen Abbas, announced Galambi’s decision to leave the NNPP, citing division within the party. According to Galambi, his defection aligns with the provisions of the 1999 Constitution (as amended). He further stated that he joined…

Former military head of state, General Ibrahim Badamasi Babangida (IBB), has officially confirmed that the late Chief Moshood Abiola won the June 12, 1993, presidential election. This revelation is documented in Babangida’s newly launched autobiography, A Journey in Service, unveiled on Thursday in Abuja. Speaking through the book’s reviewer, former Vice President Prof. Yemi Osinbajo, Babangida stated that Abiola, who contested under the Social Democratic Party (SDP), secured both the majority votes and the required geographical spread to be declared president. “There was no doubt in my mind; MKO Abiola won the election. He satisfied all the requirements,” Babangida admitted.…