The Governor of the Central Bank of Nigeria, Yemi Cardoso, says lifting of petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures. Cardoso who said this on Tuesday in Abuja, while presenting a communique from the apex bank’s 297th Monetary Policy Committee meeting, said that it would also moderate transportation cost,…
Amid rising inflation, a foreign exchange crisis and fuel price increases, Nigeria has successfully completed several major projects across the nation. These developments include a network of new highways designed to improve connectivity, modern bridges that enhance transportation efficiency, and industrial facilities aimed at boosting local production. As the government navigates these economic challenges, the…
The Economic and Financial Crime Commission (EFCC) has begun investigation after being alleged of receiving sum of N15 million Naira from Okuneye Idris popularly known as Bobrisky. In a trending video, Martins Vincent Otse a.k.a VeryDarkMan revealed that Bobrisky said he paid N15 million to some EFCC officials to quenched his money laundering allegation. But…
Nigerian students are known for their entrepreneurial spirit. And many are finding creative side hustles to make money while studying. With rising living expenses and tuition fees, side hustles have become more popular, allowing students to earn extra income and develop skills that will benefit them in the future. If you’re a Nigerian student looking…
The Rivers State chapter of the Peoples Democratic Party (PDP) has announced its decision to boycott the upcoming local government elections scheduled for October 5, 2024. The development comes after a stakeholders’ meeting at the PDP secretariat in Port Harcourt, where state party Chairman Aaron Chukwuemeka disclosed that the party will await the court verdict…
Veteran stand-up comedian Atunyota Akpobome, popularly known as Ali Baba, has shared how his plan to have one more son with his wife, Mary at 59 unexpectedly led to the birth of triplets. Ali Baba explained that his wife had a strong desire for another son, especially after their children had travelled abroad, leaving the…
The Lagos State Police Command has invited the National Coordinator of the Take It Back Movement, Juwon Sanyaolu, to a meeting with the newly appointed Commissioner of Police, Olanrewaju Ishola. The Take It Back Movement is one of the organisers of the #EndBadGovernance protest, which took place in August in Lagos and several other states,…
GISTSMATE MEDIA reports that the Federal Ministry of Agriculture and Food Security has announced the passing of Alhaji Abdullahi Sabi, father of Minister of State Senator Aliyu Abdullahi. This was disclosed in a statement by the Minister of State on Tuesday. Alhaji Abdullahi passed away on Monday night at the age of 100. Funeral prayers…
Five police personnel were killed, while 11 others sustained injuries in a ghastly motor accident along the Zaria-Kano Road on Tuesday. It was learnt that the accident happened at Karfi village in the Kura Local Government Area of Kano in the early hours of Tuesday. The vehicle in which the police officers were travelling was…
The Central Bank of Nigeria (CBN) has announced a 50 basis point increase in the Monetary Policy Rate (MPR), bringing it from 26.75% to 27.25%. This decision was made during the Monetary Policy Committee (MPC) meeting held earlier on Tuesday and chaired by the CBN Governor, Olayemi Cardoso, as part of efforts to address…