On the back of tightening stance by the Central Bank of Nigeria (CBN), average prime lending rate to bank customers in Nigeria closed June 2025 at 18.19 per cent from 17.96 per cent in May 2025. The Monetary Policy Committee (MPC) of the CBN retained Monetary Policy Rate (MPR) at 27.50 per cent at its last meeting despite calls by manufacturers for gradual easing of benchmark rate. So far in 2025, the highest average prime lending rate was 18.49 per cent, which was recorded in January 2025. The prime lending rate is the interest rate that banks charge their most…
Author: Reporter
A participant of the ongoing Big Brother Naija ‘Ten Over Ten’ season, Sabrina Idukpaye, has unexpectedly exited the show due to health-related concerns. The announcement was made via an X post on Monday, stating: “Sabrina, one of the housemates in the Big Brother Naija Ten Over Ten season, has been exited from the House on medical grounds.” According to the show’s organisers, the London School of Economics graduate was withdrawn after consultations with Big Brother and the in-house medical team. They explained that her exit was necessary to allow for a more comprehensive medical evaluation. “Following a medical review with…
The Petroleum Products Retail Outlets Owners Association of Nigeria has accused the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, of neglecting the revival of the Port Harcourt refinery. This came as two prominent northern groups dragged the Chief Financial Officer of NNPC, Mr Dapo Segun, before the Federal High Court in Kaduna over what they described as his “direct and supervisory role” in the failed rehabilitation of the nation’s refineries and the controversial acquisition of OVH Energy. PETROAN’s Zonal Chairman for System 2E (Eastern Zone), Sunny Nkpe, said in a statement on Monday that…
LAGOS A female passenger, Comfort Bob, who allegedly assaulted Ibom Air’s crew and clashed with airport security at the Murtala Muhammed Airport in Lagos, has been remanded at Kirikiri Maximum Security prison in Lagos. The 26-year-old woman, yesterday, appeared before an Ikeja Magistrate’s Court sitting in Ogba, Lagos, for allegedly causing chaos aboard an Ibom Air flight shortly after it landed at Murtala Muhammed Airport Terminal 2 (MMA2), Ikeja. She was remanded by the court. Also, the Airline Operators of Nigeria, AON, has placed her on “no fly” list indefinitely. However, the Minister of Aviation and Aerospace Development, Mr. Festus…
ABEOKUTA A former governor of Ogun State and the senator representing Ogun east district a the national assembly, Senator Gbenga Daniel, yesterday, accused Governor Dapo Abiodun of planning to create chaos and confusion in the state through the service of quit and demolition notices served on his properties in Sagamu. The former governor alleged that the state government lacked the moral right to paste such notices on people’s properties when such had not been pasted on his private residence, located along the Iperu-Ode-Isara highway in his Iperu country home that is devoid of any setback. Addressing newsmen at his Asoludero…
Super Eagles midfielder, Wilfred Ndidi, has revealed his excitement at signing for Turkish Super Lig giants Besiktas. Ndidi joined Besiktas from Leicester City on a permanent transfer on Friday. The 28-year-old said the desire to play for one of the best clubs in world made him moved to the Black Eagles. “Beşiktaş are one of the biggest teams in the country. I wanted to be here because I want to see a new environment, new people and a new league,” he told Besiktas TV. “When I received the offer from Beşiktaş, I was really impressed and I want to come…
International tv news station, Al Jazeera, said two of its correspondents, including a prominent reporter, and three cameramen were killed in an Israeli strike on their tent in Gaza City on Sunday. The Israeli military admitted in a statement to targeting Anas al-Sharif, the reporter it labelled as a “terrorist” affiliated with Hamas. The attack was the latest to see journalists targeted in the 22-month war in Gaza, with around 200 media workers killed over the course of the conflict, according to media watchdogs. “Al Jazeera journalist Anas al-Sharif has been killed alongside four colleagues in a targeted Israeli attack…
A former Governor of Ekiti State , Kayode Fayemi, has stated that he remains a committed member and leader of the All Progressives Congress in Ekiti State. The former governor, in a statement on Sunday by the Head, Fayemi Media Office, Abuja, Ahmad Sajoh, dismissed the claim in a viral statement attributed to former governor of Rivers State, Rotimi Amaechi, that he and Fayemi founded the new African Democratic Congress coalition before expanding it to include others. Sajoh said, “Despite efforts to verify this statement, which has gained traction on social and digital media, we have found no credible evidence…
ABUJA Nigeria’s non-oil exports soared to $3.225bn in the first half of 2025, marking yet another milestone in the sector’s growth, the Nigerian Export Promotion Council announced on Sunday. This figure represents a 19.59 per cent increase over the $2.696bn recorded in the same period of 2024. The Executive Director/Chief Executive Officer of the NEPC, Nonye Ayeni, disclosed this in Abuja while presenting the council’s First Half-Year Progress Report on the nation’s non-oil export performance. She said the volume of goods shipped abroad also rose to 4.04 million metric tonnes from 3.83 million metric tonnes in the first half of…
FEATURES Tension rose between Nigeria and Ghana at the end of July when some Ghanaians took to the streets to demand the deportation of Nigerians following repeated incidents of criminal activities in the country, which were blamed on foreign nationals. Some Ghanaians had staged a protest in Accra, demanding the immediate expulsion of Nigerians from their country over alleged involvement in crime and social vices. The protesters displayed placards with messages, such as “Nigerians Must Go”, “End Kidnapping”, “End Prostitution”, “End Armed Robbery”, “End Fraud”, and “End Ritual Murders.” They also accused some Nigerians in Ghana of fuelling insecurity and…