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OPS faults MPC over 27.5% interest rate

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate (interest rate) at 27.50 per cent, marking its second consecutive hold in 2025. This decision was announced by the CBN Governor, Mr Olayemi Cardoso, during a press briefing on Tuesday in Abuja, following the conclusion of the MPC’s 300th...
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NRC fixes damaged Osogbo rail track

Nigeria Railway Corporation said it has commenced the repair of a portion of its narrow gauge rail line threatened by floods around Osogbo, the capital of Osun State, preparatory to Sallah. The NRC added that its engineers have been deployed to the flood-ravaged area for repair operations to guard against disruptions during the Sallah period....
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Analysts warn of rising deficit

The Federal Government’s approved budget for 2025, totalling N54.99 tn, has raised concerns among analysts over a widening fiscal deficit and insufficient capital expenditure, according to an analysis by Afrinvest. In its report titled ‘Federal Government Approved Budget Analysis’, the budget, which is the largest Nigeria has ever seen in naira terms, allocates N23.96tn to...
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TAG partners DFIs to support small businesses

TAG, an independent advisory and investment management firm, has deepened its commitment to Africa’s economic transformation by partnering with development finance institutions and ecosystem enablers to support small and medium-sized enterprises and creatives across the continent. In a statement made available to our correspondent on Tuesday, the firm, which operates with a focus on scalable...
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Access Bank, Deloitte collaborate on SME growth

Access Bank Plc has partnered with global consultancy firm Deloitte to roll out a nationwide SME Business Clinic in a move to strengthen Nigeria’s small and medium-sized enterprises. The collaboration is aimed at providing entrepreneurs with expert guidance, access to finance, and practical market insights. The initiative, launched in Lagos and simultaneously held in Abuja...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...