Author: Vardiafrica

The Central Bank of Nigeria (CBN) has lifted its suspension on banks borrowing from its window, known as the Standing Lending Facility (SLF). The apex bank also pegged the lending rate at 31.75 percent sequel to tje decisions made at the 296th meeting of the Monetary Policy Committee (MPC) of the bank. Director of Financial Markets Department, Omolara Duke, in a statement, dated August 26, 2024, said, “The Monetary Policy Committee (MPC) adjusted the upper corridor of the standing facilities to 5.00 per cent from 1.00 per cent around the MPR, at its 296th meeting. “Consequently, the suspension of the…

The Nigeria Labour Congress (NLC) has directed all state chapters and affiliate members to mobilise members in solidarity with the NLC President Joe Ajaero, who is expected to honour police invitation for alleged terrorism on Thursday, August 29, 2024. General Secretary of the NLC, Emmanuel Ugboaja, confirmed the directive to our labour correspondent. According to the NLC general secretary, the directive also instructed members from across the states to mobilise and embark on a peaceful procession to their respective state police commands and stay there until the NLC president is out of the police interrogation. Meanwhile, NLC members in Abuja…

The Minister of Education, Prof. Tahir Mamman, said the meeting would shed light on efforts by the federal government to resolve the. lingering issues since its last meeting with the Union. Photo: Radio Nigeria Archive The Federal Government will reconvened its meeting with the Academic Staff Union of Universities ASUU, on September 6, to allow for more time to address the issues raised by the Union. The Minister of Education, Professor Tahir Mamman stated this in Abuja at the end of a closed door meeting with ASUU. Professor Mamman said that a sub-committee had been set up to review their…

27-year-old Samson Ajao from Osogbo, Nigeria, has performed the world’s longest marathon reading aloud, clocking in at 215 hours – just one hour short of nine full days. The previous record of 124 hours was set in 2022 by Rysbai Isakov (Kyrgyzstan). To achieve this record, the challenger must read aloud continuously from published works, with no more than a 30-second pause between items being read Samson read around 100 books in total, covering subjects such as finance, sales, management, leadership, politics, health and mental wellness. He attempted this record to promote literacy development and “inspire a reading culture” in Nigeria.…

There are currently ongoing demonstrations in Canada as about 70,000 international students are at risk of being deported from the American country. CityNews Toronto reports this figure was given by representatives of Naujawan Support Network, a student advocacy group, stating that more than 70,000 graduates are at risk of being deported when their work permits expire at the end of this year. Recall that on Tuesday, the Trudeau administration announced that fewer temporary foreign workers will be allowed in Canada under tightened rules. This administrative policy was announced by the Canadian government in January which would cut the number of new…

The Nigerian Content Development and Monitoring Board (NCDMB) has retained its top ranking in business efficiency and transparency among ministries, departments and agencies (MDAs), as captured in the latest evaluative assessment by the Presidential Enabling Business Environment Council (PEBEC). In the ‘2024 Half Year Transparency and Efficiency Compliance Report (January 2024-June 2024),’ released on Tuesday in Abuja by PEBEC, the Board scored 71.6 per cent in Efficiency Compliance and 100 per cent in Transparency Assessment, to emerge with an Overall BFA Performance score of 80.1 per cent. The Overall Business Facilitation Act Performance of MDAs, as explained by PEBEC, is…

The Inspector General of Police, IGP Kayode Egbetokun has assured the public of the safe rescue of all Nigerians in captivity across the country. The IGP according to a statement by the Force Public Relations Officer, Olumiyiwa Adejobi in Abuja on Tuesday, made this call while reflecting on and appraising the effectiveness of the well-coordinated operations placed for the rescue of the 20 medical students who were kidnapped in Benue State on the 15th of August 2024, and other seven Nigerians who had been in the captivity of the heinous criminals. “This is our pledge, and we will ensure its fulfilment,”…

The Chief of Army Staff (COAS), Lt.-Gen Taoreed Lagbaja, has assured Nigerians that the Army will not succumb to calls by some powerful interest blocs to disrupt democratic governance in the country. Lt-Gen Lagbaja stated this on Tuesday, August 27, 2024, in his opening remarks at the 2024 Chief of Army Staff combined second and third quarters conference held in Uyo, the Akwa Ibom state capital. He said that the Nigerian Army was still struggling to restore its integrity after many years of military rule and hence is not ready to lose its prestige built in the past 25 years…

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has asked the National Assembly (NASS) to enact a law which supports the whistle-blower policy of the government. Olukoyede made this call on Tuesday at the Nigerian Bar Association (NBA) conference in Lagos which had the theme, ‘Lawyers in the spotlight: Essential anti-money laundering considerations for the legal profession’. He noted that once the law is enacted, it will make it mandatory for law enforcement agencies to protect the whistle-blowers. The EFCC chairman also called on lawyers across the country to always observe due diligence in their practices.…

The candidate of the Peoples Democratic Party (PDP) in the forthcoming September 21, 2024 governorship election in Edo State, Asue Ighodalo, says he will make independent and informed decisions if elected governor of the state. Ighodalo, who was a guest on Channels Television’s Politics Today programme on Monday, said he won’t repeat some of the mistakes of people in government, especially around managing relationships with predecessors. He assured voters in the state that he was not coming into government to serve the interest of any godfather. The forthcoming governorship election in the state has top contenders including Ighodalo, Olumide Akpata of the…