The Central Bank of Nigeria (CBN) has introduced a 75 percent cash reserve ratio (CRR) on non-treasury single account (TSA) public sector deposits for enhanced liquidity management. Olayemi Cardoso, CBN’s governor, announced at a press conference on Tuesday after the monetary policy committee (MPC) 302nd meeting in Abuja. Non-TSA public sector deposits are government-related funds…
Nigerian content creator, Mandy Kiss Nigerian content creator, Ayomiposi Oluwadahunsi, better known as Mandy Kiss, has announced plans to attempt a Guinness World Record (GWR) for the highest number of sexual partners in one day. She made the announcement in an Instagram post on Monday, where she shared a flier bearing the GWR logo. The…
The Oluwo of Iwoland, Oba Abdulrosheed Akanbi, has challenged the widely held belief that Ile-Ife is the cradle of the Yoruba race. Speaking in a video shared on his Facebook page on Tuesday, the monarch dismissed claims that Yoruba culture originated from Ife. He argued that people were already living in the ancient town before…
A fatal accident at Ijora Causeway, Lagos, on Tuesday claimed the lives of two people, including a serving police officer, after a fully loaded 40-foot container truck overturned onto a commercial tricycle. The crash, which occurred inward Ijora 7Up beneath the Ijora Bridge, involved a truck with registration number XP 368 AKD and a tricycle…
Nigerian singer and songwriter Tiwatope Savage, professionally known as Tiwa Savage, has addressed lingering controversies involving Davido, while also setting the record straight on rumours linking her to Wizkid. In an interview shared by The Breakfast Club on Tuesday, Savage spoke candidly about the December 2023 dispute with Davido, as well as her past experiences…
The lawmaker representing Kogi Central, Senator Natasha Akpoti-Uduaghan, has declared that the President of the Senate, Senator Godswill Akpabio is not more of a senator than she is. Addressing newsmen shortly after gaining access to her office at Suite 2.05 in the Senate Wing, Senator Akpoti-Uduaghan remained defiant, insisting that she would not tender any…
The Economic and Financial Crimes Commission (EFCC) has arrested 28 suspected internet fraudsters in Ilorin, Kwara State. During a sting operation, the suspects were arrested in the Tanke, University Road, Oshin, and Agbabiaka areas of the state capital. Seven exotic cars, including the latest models of Toyota Corolla and a Lexus, two motorcycles and expensive…
Saudi Arabia’s Grand Mufti and Head of the Council of Senior Scholars, Sheikh Abdulaziz Al-Sheikh, has passed away at the age of 82. According to a statement from the Royal Court, the prominent cleric died in Riyadh on Tuesday morning. His funeral prayer will be held at the Imam Turki bin Abdullah Mosque in Riyadh…
Bishop David Oyedepo, the founder of Living Faith Church Worldwide (Winners’ Chapel), has defended his ministry’s practices and origins, asserting that its founding and key decisions, including the acquisition of his private aircraft, were guided by direct divine instructions. In a video clip circulating on social media, Bishop Oyedepo dismissed any claims of a “co-founder”…
The Central Bank of Nigeria (CBN), on Tuesday, announced a reduction in its Monetary Policy Rate (MPR) by 50 basis points and cut the interest rate from 27.5 percent to 27 percent. CBN governor, Olayemi Cardoso, announced this at the 302nd meeting of its Monetary Policy Committee (MPC) on Tuesday. The unanimous decision also included…