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CBN retains 11.5% as lending rate

The Central Bank of Nigeria (CBN), through its Monetary Policy Committee, has retained 11.5 per cent as its monetary policy rate. Other parameters left unchanged are the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per…

FG extends subsidy by 18 months

The Federal Government has proposed an eighteen months extension period for implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as petrol, and that during the period, it would shelve all plans to remove…

Eight football fans die during AFCON stampede

No fewer than eight people were killed and dozens others injured in a crush outside a Cameroonian football stadium ahead of an Africa Cup of Nations match. As gathered, the tragedy that occurred yesterday happened when crowds attempted…