In the early hours of Tuesday, a colossal container ship collided with the Francis Scott Key Bridge, causing a catastrophic collapse that sent vehicles and individuals plummeting into the Patapsco River below. The 948-foot Singapore-flagged vessel, identified as the Dali, struck the bridge, a vital artery for the Port of Baltimore, enveloping the area in Read More…
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CBN’s MPC hikes monetary policy rate to 24.75% amid economic challenges
In a decisive move to address the economic challenges facing Nigeria, the Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the Monetary Policy Rate (MPR) by 200 basis points, setting it at 24.75% from the previous 22.75%. The MPR, a critical financial tool, influences the rate at which banks lend to each other Read More…
Ali Baba decries killing of soldiers, calls for moral reawakening and constitutional reform
Renowned Nigerian comedian, Atunyota Akpobome, also known as Ali Baba, has voiced his strong condemnation of the recent killing of 17 Nigerian Army officers in Delta State, labelling the act as “highly abominable.” In a heartfelt interview with the News Agency of Nigeria (NAN) in Lagos, Akpobome expressed his dismay, stating, “The heinous murder of Read More…
Young guns fire, Liverpool clinch dramatic League Cup victory with extra-time heroics
In a heart-stopping display of grit and youthful exuberance, Liverpool defied the odds and clinched the League Cup trophy with a narrow 1-0 victory over Chelsea at Wembley Stadium. Facing a seemingly insurmountable challenge due to a long list of injuries to key players, manager Jurgen Klopp made a bold decision – he turned to Read More…
Premier League Upset: Nigerians Shine as Fulham Stun Manchester United at Old Trafford
The roar of the Old Trafford crowd was silenced in dramatic fashion as Fulham, inspired by their Nigerian duo Alex Iwobi and Calvin Bassey, snatched a stunning 2-1 victory over Manchester United in stoppage time. Bassey, on loan from Rangers, opened the scoring with his first goal for the club, firing home in the first Read More…
Lagos Red Line rail ready for inauguration: Sanwo-Olu takes test run
Lagos State Governor Babajide Sanwo-Olu conducted a test run of the Red Line train on Saturday, meticulously inspecting the tracks and rail corridors. This prelude comes ahead of the formal commissioning scheduled for next Thursday, where President Bola Ahmed Tinubu will inaugurate the Lagos Rail Mass Transit (LRMT) infrastructure along with its stations and ancillary Read More…
Naira hits new record low amid dollar truggle
Despite Central Bank efforts, currency plunges below parallel market rates In a disconcerting turn of events, Nigeria’s naira has plummeted to a new record low during intraday trading on Thursday, as reported by FMDQ Exchange data. This decline occurred despite the central bank’s vigorous efforts to stabilize the currency by selling dollars and infusing liquidity Read More…
Nigeria braces for double-barrelled rate hike to tame inflation, boost Naira
Brace yourselves, Nigerians! The nation stands on the cusp of two potentially aggressive interest rate hikes in quick succession, a Reuters poll revealed on Friday. This bold move aims to curb soaring inflation and bolster the battered naira currency. After a two-meeting hiatus, the Central Bank of Nigeria (CBN) is poised to hold its first Read More…
Akpata claims Labour Party ticket for Edo Governorship race, vows good governance
Former Nigerian Bar Association president Olumide Akpata sailed to victory in the Labour Party’s primary election, securing the party’s nomination for the upcoming Edo governorship election scheduled for September 21st. Akpata garnered a convincing 316 votes, leaving his closest contender, Kenneth Imansuangbon, far behind with just seven votes. Professor Sunday Eromosele and Sergius Ogun managed Read More…
Hello, Lagosians! Dive into Easter festivities with the city’s dazzling boat regatta
Hold onto your hats, Lagosians, because Easter is about to get a whole lot more exciting! The Lagos State Ministry of Tourism, Arts, and Culture is inviting residents to embark on an unforgettable aquatic adventure—the Lagos Boat Regatta. This Easter celebration promises a vibrant blend of cultural immersion, thrilling competition, and a chance to rediscover Read More…