Connect with us

News

Central Bank of Nigeria Raises Benchmark Interest Rate to 26.75% in Response to Surging Inflation

Published

on


The Central Bank of Nigeria (CBN) has increased its benchmark interest rate to 26.75% amid rising inflation concerns.

The decision, announced on July 24, 2024, represents a substantial hike from the previous rate of 25.5%.

CBN Governor Godwin Emefiele stated that the move is intended to curb inflationary pressures and stabilize the economy.

This adjustment is expected to impact borrowing costs and consumer spending, with analysts predicting broad economic effects as a result.


 

Advertisement

News

Man Found Alive Nearly Two Weeks After Balogun Market Fire Incident

Published

on


An update has been shared on the burnt building at Balogun Market on Lagos Island, as it was revealed that a man was rescued 11 days after the building caught fire.

According to reports, the man was found alive on January 6, 2026, after being discovered under the rubble of the collapsed structure.

The survivor has since been taken for proper medical care, while further details are yet to be released.

Meanwhile, passersby and market traders have expressed concern, fearing that more people may still be trapped alive inside the building.


Continue Reading

News

Anthony Joshua Discharged from Hospital After Fatal Car Crash

Published

on


It has been reported that Anthony Joshua has officially been discharged from the hospital following the terrible car crash that claimed the lives of his two closest friends and supporters.

The boxing star was deemed stable enough to go home after the accident. After his discharge, he visited the funeral to pay his respects and see the bodies of his two friends.

Many have expressed grief and offered their support to the boxing star, praying that he will be able to find peace, as grief will undoubtedly be one of the most painful challenges he will face in life.


Continue Reading

News

‘Government Prioritizes Money More’ — PDP Calls Out FG On New Tax Law

Published

on


It has been shared that the Peoples Democratic Party (PDP) is calling on the federal government to suspend the tax law set to take effect on January 1, 2026.

This was revealed in a statement released by Ini Ememobong, National Publicity Secretary of the PDP. He stated that this new law shows how Nigerians and the masses will be affected, arguing that the government is prioritizing finance over security and other pressing matters.

“Rather than address these issues comprehensively, the Presidency has consciously minimized them and instead insisted that the commencement date must stand, despite the discrepancies,” the party said, adding that this “clearly shows where the priority of the government lies between Nigerians and money.”


Continue Reading

Trending