The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years. The rate hike, the Fed’s 11th in its last 12 meetings, set the benchmark overnight interest rate in the … [Read more…]
The Department of State Services (DSS) says it has begun investigation on the clash that happened within the premises of the Federal High Court, Ikoyi, Lagos on Tuesday. Recall that DSS operatives and prison officials clashed at the court during the arraignment of the former governor of Central Bank of Nigeria, Godwin Emefiele, yesterday, Tuesday, … [Read more…]
The Nigeria Labour Congress (NLC) has issued the Federal Government a seven-day ultimatum to reverse all perceived anti-poor policies or face an indefinite nationwide strike from August 2nd. The Nigeria Labour Congress (NLC) has issued the Federal Government a seven-day ultimatum to reverse all perceived anti-poor policies or face an indefinite nationwide strike from August … [Read more…]
ENUGU STATE GOVERNMENT PUBLIC SERVICE ANNOUCENMENT THE INCIDENT AT OGBETE MAIN MARKET The Enugu State Government received with grave concern the ugly incident at Ogbete Main Market, Enugu, today. Information available to Government shows that traders whose shops were sealed for non-compliance with Government’s order banning Monday sit-at-home, defied the instruction on how the shops … [Read more…]
The Senate, on Wednesday, condemned the Monday sit-at-home in the South East geopolitical zone and asked the Federal Government to collaborate with the Finnish Government and extradite a pro-Biafran agitator, Simon Ekpa, for prosecution. The upper chamber also resolved to invite the Minister of Foreign Affairs (when appointed) and relevant stakeholders to carry out thorough … [Read more…]
President Bola Tinubu has said the Economic Community of West African States, ECOWAS, would not tolerate actions that incapacitate democratically-elected government in the sub-region, a direct message to soldiers who have held Niger Republic’s President, Mohamed Bazoum, hostage at the palace. President Tinubu gave the warning in his capacity a the ECOWAS Chairman in a … [Read more…]
Niger President Mohamed Bazoum on Wednesday was being held by disgruntled members of the elite Presidential Guard, who in turn were given an “ultimatum” by the army, a source close to Bazoum said on Wednesday. The West African bloc ECOWAS condemned what it called an “attempted coup” and called on the “plotters” to release Bazoum … [Read more…]
The Enugu State Police Command has reacted to the protest by traders over sealing of their shops by the state government. In a statement released by the state Police Public Relations Officer, DSP Daniel Ndukwe, he revealed that normalcy have been restored by men of the state police command. While stating that the peaceful protest … [Read more…]
Chetanne Chinelo, Enugu An unidentified male has been feared killed on Wednesday as traders of Ogbete Main Market in Enugu State protested the sealing off of their shops by the state government. Following the state government’s ban on the illegal sit-at-home declared by Simon Ekpa, the Governor Peter Mbah administration in Enugu State had sealed … [Read more…]
The All Progressives Congress (APC) in Osun State has sued Governor Ademola Adeleke for appointing himself as the state’s Commissioner for Works. In the suit filed at the Osun State High Court in Osogbo, the state capital, the APC also sued Mr Adeleke’s deputy, Kola Adewusi, over his appointment as the Commissioner for Sports and … [Read more…]
The Central Bank of Nigeria on Tuesday raised its benchmark lending rate to 18.75 per cent from 18.5 per cent. The apex bank made this known after the two-day Monetary Policy Committee (MPC) meeting. The acting CBN governor, Folashodun Shonubi, who chaired the meeting, noted that “hiking the interest rate has made a lot of … [Read more…]
The Nigerian Association of Resident Doctors (NARD) on Tuesday night declared an indefinite nationwide strike. President of the association, Dr Orji Emeka Innocent, said the strike will commence at 12 midnight on Tuesday. He said the strike was declared during the National Executive Council meeting of the association in Lagos. According to Innocent, the major … [Read more…]