The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% in July to 27%. The decision was reached at the 302nd meeting of the Monetary Policy Committee (MPC), held on September 22–23, 2025, where all 12 members voted in favour of the cut. The asymmetric corridor around the MPR was retained at +260 and -250 basis points,...

Violence erupted at the Marrarabar Yauri gold mining site in Kebbi State over the weekend after a miner was reportedly killed during a dispute over gold. In retaliation, relatives of the victim launched a counterattack the following day, sparking widespread unrest in the community. Eyewitnesses said shops were vandalised, motorcycles set ablaze, and residents fled for safety. The Yauri Local...

President Donald Trump’s administration has started laying off federal employees as the U.S. government shutdown enters its tenth day — a move that has sparked widespread legal and political backlash. According to Al Jazeera and Politico, the layoffs affect multiple agencies, including the Treasury, Health and Human Services (HHS), Interior, Homeland Security, EPA,...

In a significant peace gesture ahead of June 12 Democracy Day, the apex Igbo socio-cultural organization, Ohanaeze Ndigbo, has urged President Bola Ahmed Tinubu to consider granting amnesty to 1,335 repentant and nonviolent pro-Biafra agitators. The group emphasized that such a move would symbolize national reconciliation, deepen unity, and support healing in the Southeast. According to...

Emmanuel Ejeagha, the eldest son of the late veteran highlife musician, has disclosed why the family buried ‘Gwo gwo ngwo’ crooner, Mike Ejeagha, within 24 hours after his demise. Ejeagha was laid to rest in his country home at Umuagba, Imezi-Owa in Ezeagu Local Government Area of Enugu State on Saturday, June 7, 2025. Speaking to newsmen on Sunday, Emmanuel said the family buried...