The Monetary Policy Committee of the Central Bank of Nigeria has retained the country’s benchmark interest rate, known as the Monetary Policy Rate, at 26.5 per pcent. The decision was announced on Wednesday by9p the Governor of the Central Bank of Nigeria, Olayemi Cardoso, at the end of the MPC’s 305th meeting held in Abuja. Cardoso said the committee resolved to maintain the current rate in line with efforts aimed at sustaining monetary stability. “The Committee’s decision is as follows: retain the Monetary Policy Rate at 26.5 per cent,” he stated. The latest decision comes months after the apex bank…
Author: Adeboye
Tragedy struck in the Ogbunabali area of Port Harcourt, Rivers State, after a learner driver allegedly crashed into a residential building, killing three children from the same family. The grieving mother, identified as Amarachi Promise Esomonu, has since called for justice over the death of her children in the incident which occurred on May 15. Residents said the accident happened when a man was allegedly teaching his girlfriend how to drive before the vehicle rammed into the family’s residence. A source in the community disclosed that the deceased children were aged 10, four and three years respectively. According to the…
The Defence Headquarters on Tuesday disclosed that joint counterterrorism operations carried out by Nigerian troops and the United States Africa Command had resulted in the killing of 175 ISIS fighters in the North-East. The military said the coordinated offensive targeted terrorist strongholds and operational networks linked to the Islamic State group across the region. In a statement issued by the Director of Defence Information, Maj. Gen. Samaila Uba, the DHQ said the operations commenced a few days ago and had recorded significant successes. “As of May 19, 2026, assessments indicate that 175 ISIS terrorists have been eliminated from the battlefield,”…
Six months after the abduction of a University of Uyo student, the family of the victim has expressed concern over his continued disappearance despite paying a ransom demanded by the kidnappers. The missing student, identified as Utibe Asian, is a 300-level student in the Department of Theatre Arts at the university. His father, Pastor Aniefiok Asian, told journalists that the undergraduate was abducted on December 3, 2025, after receiving a phone call from an unknown number and leaving home to meet the caller at an undisclosed location in Uyo, the Akwa Ibom State capital. According to the cleric, the family…
Operatives of the Ogun State Police Command have killed a suspected kidnap kingpin during a gun battle in the Orile Ilugun Forest area along the Abeokuta-Ibadan Expressway. The operation, carried out by the command’s Anti-Kidnapping Unit, also led to the recovery of an AK-47 rifle loaded with 20 rounds of ammunition, N2m suspected to be ransom proceeds, and two mobile phones. The spokesperson for the command, DSP Oluseyi Babaseyi, disclosed this in a statement issued on Tuesday. According to him, the operation followed the rescue of a kidnapping victim who was abducted on May 14 at Nufats Fuel Station along…
Authorities in the United States have intensified investigations into the killing of Nigerian middle-distance athlete, Oluwabukola Pereira, who was shot dead during an alleged robbery incident in Ohio just days before she was scheduled to complete her MBA programme. Pereira, 30, was reportedly killed on May 8 at the Arise Auto Center located on North Wayne Avenue in Lockland, Ohio, where she worked as a cashier. According to the Hamilton County Sheriff’s Office, the shooting prompted a temporary shelter-in-place order as security operatives secured the area and urged residents to avoid nearby streets during the initial investigation. The county coroner…
Fresh details have emerged on how operatives of the Economic and Financial Crimes Commission tracked down and arrested former Minister of Power, Saleh Mamman, in Kaduna State after weeks of intelligence gathering and surveillance operations. The anti-graft agency also apprehended two individuals accused of sheltering the former minister while he allegedly evaded arrest. Mamman was recently convicted on 12 counts bordering on money laundering and fraud involving about N33.8bn linked to the Mambilla and Zungeru hydropower projects. Sources within the commission disclosed that operatives intensified efforts to locate the former minister shortly after a Federal High Court in Abuja sentenced…
A 75-year-old man was rescued after falling into a deep well while attempting to retrieve a bucket in the Atisbo Local Government Area of Oyo State. The incident occurred at Igbo Ologun along Irawo Road on Monday evening, according to the Oyo State Fire Services Agency. Confirming the development in a statement issued on Tuesday, the Chairman of the agency and Special Adviser to Governor Seyi Makinde on Fire Service Reform, Moroof Akinwande, said emergency responders received a distress call at about 6:26 pm. Akinwande explained that the elderly man reportedly fell into the well while trying to recover a…
Tragedy struck in the Guzape area of the Federal Capital Territory, Abuja, after a 53-year-old businessman, Adimike Godwin, was allegedly stabbed to death by his son, said to be serving with the National Youth Service Corps. The incident reportedly occurred on Friday night following a heated altercation between the deceased and his son at their residence. Sources familiar with the matter disclosed that the late businessman was a prominent member of the Electrical Dealers Association of Nigeria and was widely known in the electrical trading sector for his importation business and real estate investments. A member of the association, who…
Vice President Kashim Shettima on Tuesday disclosed that some individuals from Borno State once warned President Bola Tinubu against wearing traditional outfits he gave him during the 2023 election campaign, alleging the clothes were spiritually manipulated to influence him. Shettima, however, said Tinubu dismissed the allegations and deliberately wore the outfits continuously for one week to prove he was unfazed by the claims. The Vice President made the revelation in Abuja during the public presentation of former Head of State Gen. Yakubu Gowon’s autobiography titled My Life of Duty and Allegiance, where he represented the President. According to Shettima, the…