In the midst of confessed policy dilemma and other monetary considerations, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 11.5 per cent. CBN Governor, Mr Godwin Emefiele, who made this known on Wednesday while presenting the communique from the MPC meeting, said that the committee also agreed to hold all other parameters constant. The Cash Reserve Ratio (CRR) was therefore retained at 27.5 per cent, Liquidity Ratio at 30 per cent and the Asymmetric Corridor at plus 100 and minus 700 basis points around the MPR. The MPC is retaining all the…
Author: Abdallah el-Kurebe
The National Drug Law Enforcement Agency, NDLEA, has intercepted parcels of cocaine, heroin, methamphetamine and cannabis sativa destined for the United Kingdom, Northern Ireland, Australia, Maldives and New Zealand. The spokesperson of the Agency, Mr Femi Babafemi in a statement made available to ASHENEWS on Tuesday, said the drugs wet intercepted between Saturday and Monday. According to the statement, the trafficker behind two of the parcels, was arrested after days of surveillance by NDLEA operatives. “Undercover narcotic agents attached to two international courier companies in Lagos made the seizures. “The suspect, who has made useful confessions during interrogations, was tracked…
The most engaging story in Nigeria at the weekend was the reported attack by gunmen on Benue State Governor Samuel Ortom’s convoy. The governor was out in the countryside on Saturday morning, inspecting a farm on Tyo-Mu-Abetse-Gboko Road in Makurdi local government, when gunmen opened fire at his convoy. No one was killed and no one sustained injuries, for which we offer thanks to God. The governor said he ran for two kilometres, which was ill-advised because he could have run straight into the bandits’ hands. Ortom moved very fast to politicize the incident. He said it was an assassination…
The All Progressives Congress (APC) has petitioned the Supreme Court against three of its Justices over the imbroglio surrounding the candidacy of the party in the December 5 2020 Imo North Sentorial by-election. The petition was signed by its acting National Chairman and governor of Yobe, Mai Mala Buni. The party accused Justices Mohammed Dattijo, Abdu Aboki and Helen Ogunwumiju of holding nocturnal meeting with the People’s Democratic Party (PDP) to scheme out the party from the Senate seat. Justice Mohammed Dattijo, during the proceedings to hear the appeal by the APC candidate Mr Chukwuemeka Ibezim on his disqualification by…
The Parliamentary Staff Association of Nigeria (PASAN) on Tuesday shut down activities at the Imo House of Assembly over non implementation of financial autonomy for state legislature. The workers sealed all entrance to the complex, barring staff and legislators from entry. Mr Victor Nnadi, the state PASAN Chairman sais that the action was to press home their demand for legislative financial autonomy. Nnadi said that the association had followed due process in making its demands known without success. “We embarked on this strike to demand for the implementation of the Executive Order No 10, signed by President Muhammadu Buhari in…
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari has justified recent approval of $1.5 billion for the rehabilitation of Port Harcourt Refinery. He made the justification while speaking with reporters at the NNPC Towers, Abuja on Monday. According to Kyari, the award of Engineering, Procurement, and Construction (EPC) contract to Tecnimont spA. of Milan, Italy, went through competitive bidding process, transparency and due diligence, Newsdiaryonline reports. He explained that governance structure and tender process included key independent external stakeholders like: Ministry of Finance, Nigeria Extractive Industry Transparency Initiative (NEITI), Infrastructure Concession Regulatory Commission (ICRC),…
The Director General of the Standard Organisation of Nigeria, SON, Mr Faruk Salim has disclosed that the organization would build a beffiting laboratory in Sokoto. The director general spoke with newsmen shortly after he paid courtesy visit to Sokoto state governor, Aminu Tambuwal at the Government House on Monday. According to him, the laboratory first of its kind in the North, would be use to test the standards of products, instead of taking them to Lagos. “The laboratory will be the first of its kind in northern part of the country. When it is completed, testing of products would be…
The Muslim Rights Concern (MURIC) has advised Nigerians to stop ethnic profiling, but expose criminal elements in the society. This is contained in a statement by the Director, Prof. Ishaq Akintola made available to ASHENEWS on Tuesday. According to him, exposing criminals within societies was one of the ways to combat the challenges of insecurity. He cited the arrest of a kidnapper in Oyo State who was reported to the police by his fellow tribesman as lending credence to the group’s appeal. The kidnapper “had kidnapped and killed a farmer in Solalu village, Oyo State, after collecting ransom’’, he stated.…
A retiring Supreme Court Justice, Olabode Rhodes-Vivour has revealed that corruption is deeply rooted in Nigeria. He stated this at a valedictory session held in his honour at the Supreme Court complex on Monday. According to Justice Rhodes-Vivour, Nigeria is no exception when it comes to corruption, adding that what should be done is to reduce it to the barest minimum. He stressed that concerted efforts must be put in place to reduce the anormally to the barest minimum. Bowing out on attainment of mandatory 70 years, the Supreme Court Justice pleaded that corruption must be tackled headon through genuine…
The Publisher of Daily Nigerian, Jaafar Jaafar has petitioned the Inspector General of Police, IGP Muhammad Adamu against reported renewed threat to his life by governor Abdullahi Ganduje of Kano state. In the petition, Jaafar stated that should anything happen to him for publishing videos of the governor stuffing dollars in his pockets, the governor should be held responsible. The journalist published video clips of the governor in October 2018, which depicted him allegedly collecting dollars, believed to be kickbacks from contractors handling various projects awarded by the state government. Ganduje in an interview with BBC Hausa on Friday, March…