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CBN Increases Interest Rate
The Central Bank of Nigeria (CBN) has raised the monetary policy rate to 27.50 per cent from 27.25 per cent.....Read Full Article>>
This followed the meeting of the Monetary Policy Committee (MPC). the monetary policy rate measures the benchmark interest rate.
The Central Bank of Nigeria (CBN) governor Yemi Cardoso announced this in Abuja on Tuesday during the last MPC meeting of the year at the apex bank’s headquarters.
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Mother Allegedly Dumps NEWBORN Baby In Front Of Clinic After Delivery In Ogun; See Details
In a distressing incident, a newborn baby was reportedly abandoned outside Blessed Clinic in Oru Ijebu, located within the Ijebu North Local Government Area of Ogun State. This occurrence took place around 6: 45 a. m. on Friday. Discovery Of The Baby. The baby was discovered by the clinic’ s owner, who promptly took action to ensure the child’ s safety and well- being. According to Omolola Odutola, the Public Relations Officer for the Ogun State Police, the clinic owner provided immediate medical attention to the....Read Full Article>>
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I KN*CKED Blessing CEO The First Day We Met- Man Drops Embarrassing Details About Relationship Therapist
Popular relationship therapist, Blessing CEO, has sparked a flurry of reactions online after participating in the trending ” Suspect Challenge” alongside a mysterious partner. Known for her controversial takes on relationships, Blessing’ s latest escapade has added fuel to ongoing speculation about her private life. The Suspect Challenge, a viral trend among couples, involves partners playfully exposing quirky, intimate, or sometimes embarrassing details about each other while recording themselves running. In Blessing’ s video, her unnamed partner shared some shocking claims. He alleged that....Read Full Article>>
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TETFund Suspends Foreign Scholarship For Lecturers
Nigerian Police Arraign Osun Kingmaker In Court Amid Plot To Impose Its Officer, SP Jokotola As Community Monarch. The Tertiary Education Trust Fund (TETFund) has announced the immediate suspension of its foreign scholarships for lecturers of tertiary institutions across the country, effective January 1, 2025.....Read Full Article>>
The announcement was made in a circular dated November 25, 2024, and signed by its executive secretary, Sonny Echono. Mr Echono cited a higher cost of funding lecturers’ training abroad and alleged absconding of scholars for the decision.
“In response to the excessive cost of training in foreign institutions, coupled with the high rate of abscondment of scholars, the board of trustees of the fund has approved the suspension of foreign component of the TETFund Scholarship for Academic Staff (TSAS) Intervention,” the circular stated.
Mr Echono noted that the suspension would deepen efforts to save resources while “reducing pressure on the foreign exchange rate and boosting investment and local capacity in the Nigerian tertiary institutions.”
He advised beneficiary institutions to implement their training locally, adding that the suspension would increase the number of programme beneficiaries.
Meanwhile, Mr Echono in October said over 4,980 academics from Nigerian public universities received N10.8 billion worth of scholarships for masters, doctoral and post-doctoral degrees, among others, between June 2023 and July 2024.
However, he noted that at least 137 lecturers absconded their studies to pursue other opportunities abroad.
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JUST IN: Ohanaeze Ndigbo Former Secretary-General Asks Tinubu To Release Nnamdi Kanu, Focus Security Assets On North To Fight Bandits
He urged the president to use the security resources being expended on the South-East region to fight bandits and terrorists in the North.....Read Full Article>>
Ohanaeze Ndigbo Worldwide former Secretary-General, Dimm Uchechukwu Nnam Okwukwu, has asked President Bola Tinubu to release the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu to restore peace in the South-East region.
He urged the president to use the security resources being expended on the South-East region to fight bandits and principals in repairing minor damages to infrastructure or other items without having to wait for long approval processes from the government.
He added that the funds would enable schools to mobilise carpenters, masons, and other workers to carry out necessary repairs whenever needed.
Reacting on behalf of the governor, the Chief Press Secretary to the governor, Abubakar Bawa, confirmed that the governor had approved the sum of N200,000 per school across the 23 local government areas each month.
Bawa further stated that the payments would begin in January 2025.
Bawa said, “Before I call the next speaker, let me inform this honourable gathering that the governor, in line with the appeal made by the former deputy, has approved N200,000 for each school principal every month. The payment will commence in January 2025 and will cover all secondary schools across the 23 local government areas of the state.”
Meanwhile, the governor has also directed the state commissioner for local government affairs, Dadi Adare, to urgently review the allowances of traditional rulers in the state and make proper adjustments in line with the current economic situation.
This follows a request by the district head of Kilgori, Muhammad Jabbi Kilgori, who represented the Sultan of Sokoto, Muhammad Sa’ad Abubakar, during the discussion and appealed to the governor for improved allowances to reflect the current economic realities.
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Exclusive: Governor approves N200,000 monthly allowance for School principals
Sokoto State Governor, Ahmed Aliyu Sokoto, has approved the sum of N200,000 as a maintenance allowance for principals of each secondary school across the state.....Read Full Article>>
The governor made the announcement on Monday during the Sokoto State 2025 Citizens Budget Discussion, held at the Sultan Abubakar Maccido Institute of Quranic and General Studies.
In his remarks, the former deputy governor of the state, Chiso Abdullahi, appealed to the governor to approve a certain amount of money for school principals to cover the immediate maintenance needs of the schools.
Abdullahi explained that the money would assist the principals in repairing minor damages to infrastructure or other items without having to wait for long approval processes from the government.
He added that the funds would enable schools to mobilise carpenters, masons, and other workers to carry out necessary repairs whenever needed.
Reacting on behalf of the governor, the Chief Press Secretary to the governor, Abubakar Bawa, confirmed that the governor had approved the sum of N200,000 per school across the 23 local government areas each month.
Bawa further stated that the payments would begin in January 2025.
Bawa said, “Before I call the next speaker, let me inform this honourable gathering that the governor, in line with the appeal made by the former deputy, has approved N200,000 for each school principal every month. The payment will commence in January 2025 and will cover all secondary schools across the 23 local government areas of the state.”
Meanwhile, the governor has also directed the state commissioner for local government affairs, Dadi Adare, to urgently review the allowances of traditional rulers in the state and make proper adjustments in line with the current economic situation.
This follows a request by the district head of Kilgori, Muhammad Jabbi Kilgori, who represented the Sultan of Sokoto, Muhammad Sa’ad Abubakar, during the discussion and appealed to the governor for improved allowances to reflect the current economic realities.
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JUST IN: Petrol pump Price Crash Again? Marketers gives fresh Updates
Nigeria’s petroleum marketers said that the Premium Motor Spirit (Petrol) price may be reduced to between N900 and 1000 per litre by this year’s Yuletide with the intervention of Dangote Refinery.....Read Full Article>>
The President of the Petroleum Products Retail Outlet Owners Association, PETROAN, Billy Gillis-Harry, and the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, disclosed this in separate interviews with DAILY POST on Monday.
This comes as Dangote Refinery on Sunday reduced its ex-depot petrol price by N20 to N970 from N990 per litre. The company had explained that the move was to appreciate Nigerians for their support.
The development comes weeks after the refinery signed an agreement with Nigeria’s oil marketers on direct petrol purchase.
Reacting to the development, Gillis-Harry said the recent PMS price cut announced by Dangote Refinery will positively impact the petrol price for Nigerians.
According to him, the price of petrol may drop further by yuletide depending on crude oil prices and the Dangote refinery.
“It is good that the Dangote Premium Motor Spirit price has come down. This will impact heavily on the price of petrol for Nigerians.
“Definitely, the pump price will be reduced going forward. It is a good thing for players and Nigerians that the price of PMS is coming down.
“The price can even reduce further in the coming Yuletide. I can’t tell the exact price at the moment until the product is transported to our members’ filling stations nationwide.
“We, the PETROAN members, have always been optimistic that the price of PMS will be cheaper depending on the price of crude oil,” he told DAILY POST.
Similarly, Ukadike hinted at a cheaper petrol price in the coming Yuletide.
He explained that the recent price cut by Dangote Refinery means that fuel prices across IPMAN members’ filling stations will drop between N15 and N20 depending on the location.
According to him, in the past weeks, IPMAN members had reduced petrol prices from between N1200 and N1300 to N1100 and N1150 per litre.
Ukadike added that the cheapest petrol price Nigerians should expect by December 2024 should be between N900 and N1000 per litre.
“The reduction in the ex-depot prices of PMS at Dangote Refinery shows the market is now healthier. Instead of the price increasing, it is now decreasing.
“Based on the location, filling station outlets will reduce the petrol pump price by at least N15 to N20.
“Marketers have started reducing pump prices even before the Dangote Petrol price cut.
“Before, the price of petrol at IPMAN members retail outlets went for N1200 and N1300, but it has dropped to between N1100 and N1150 per litre.
“It is difficult to estimate. However, the cheapest price Nigerians should expect by December 2024 should be between N900 and N1000 per litre,” he told DAILY POST.
DAILY POST reports that Nigeria witnessed several fuel pump prices last month, which saw the product rise to between N1060 and N1150 per litre from N617 recorded in August 2024.
Recall that on Friday last week, the Nigerian National Petroleum Company Limited had told oil marketers to halt petrol imports and concentrate on Dangote refinery.
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Best doctors in America are Nigerians – Popular Artist claims
Afrobeats singer, David Adeleke, aka Davido, has claimed that the best doctors in the United States are of Nigerian descent. He made the claim while highlighting the contributions of Africans to both the professional and creative sectors during the Afric TV programme.....Read Full Article>>
Davido pointed out that Africans are some of the brightest brains in the global music industry, stressing that Western filmmakers are now turning to the continent for movie ideas.
He said, “The best doctors in America are Nigerians. You can search it. Even in my record label [Sony Music], Africans bring the best ideas. That shows that our imagination is off the grid.
“Netflix and Amazon Prime come to Africa to get movie ideas. Now, when you come on Netflix, you will see about two Nigerian movies in the top 10. Africa is next, trust me. I feel like we have everything but just missing a couple of things.”
Although Nigerians are renowned doctors in America, statistics do not show that they are the best.
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Video: After Yahoo Boys Scammed Oyinbo Woman On TikTok; See What She Said About Nigerian Guys
An American woman has shocked everyone by describing Nigerian guys according to her observation. The woman recorded a video where she was talking about Nigerian guys and the experience she had with some of them and posted the video on the internet.....Read Full Article>>
According to her narrative, she had earlier been scammed by some men in the country and despite that, she did not use negative words for Nigerians, she still expressed love for them, her statement in the video shocked people and gathered reactions on social media.
A viral video captured the moment an American (Oyinbo) woman was sharing her experience with Nigerian internet fraudsters, mostly called Yahoo boys. The woman explained that she was scammed twice by fraudsters she met on TikTok. Despite her experience, the woman described Nigerian guys as the sexiest and most handsome on this planet.
Photo of the American woman
According to her, she was first scammed on TikTok by a Nigerian man in 2020. She met the man on the social media platform and they embarked on a relationship which lasted for 10 months. She said she got sick of him because he was demanding too much money from her.
She also later found out that he was a Nigerian man when he mistakenly used a Nigerian number to call her. He also revealed his identity by showing his Nigerian girlfriend. She prayed for the man and his girlfriend and wished them a long life together.
Photo of the first Nigerian man accused by the American woman
The Oyinbo woman said she met another man, unknown to her that he was also a Nigerian. Although, he said the man was different as he was polite and considered her feelings.
After one year of relationship with him, he opened up by revealing his identity, he confessed to being a young Nigerian man looking for money to go to school, he also thanked her for saving his mother’ s life. It was claimed that he used part of the money he collected from the Oyinbo woman to take care of his sick mother.
Photo of the second Nigerian man accused by the American woman
The woman said the scams left her financially devastated but she was happy that she was able to save a life during the second incident. She said the first man always used her money to go clubbing and lavish it on hook- up girls. The woman then urged Nigerian men to be safe, she said she knew they were struggling but they needed to understand that American women were struggling as well.
Watch Video Below 👇
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Police Arrest Husband After Popular Politician Allegedly Slept With His Wife. (Full Details)
Nigerians were in shock as it was reported that the Nigerian police had arrested the married man who cried out some weeks ago that a politician was sleeping with his wife in Kano. The man announced that he caught the politician with his wife inside an uncompleted building. The government did not take the matter lightly as the accused politician was arrested.....Read Full Article>>
However, the politician has been released and the complainant/husband has been arrested. What really happened will be discussed here. The Kano State Police Command has arrested the married man, Nasir Buba, who accused the Jigawa State Commissioner for Special Duties, Auwal Sankara, of having extramarital affairs with his wife, Tasleem Baba- Nabegu.
The report of the accusation trended some months ago and because of that, the accused was suspended as a commissioner. Buba was arrested on Tuesday at the front of his lawyer’ s office.
The Jigawa commissioner was arrested a few weeks ago after Buba reported to the Kano State Hisbah board that he caught the accused in an uncompleted building with his wife. Buba did not take the case lightly as he pursued the case in a Shariah court. Fortunately, on Monday, the case was dismissed and the accused was dismissed under the claim that there was not enough evidence to back the allegations levied on the politician by Buba.
Photo of the husband (left) and the accused commissioner (right)
Meanwhile, sources revealed that Buba gathered his evidence from his wife’ s phone, including videos, pictures, chats, and voice recordings. The sources accused the police of being partial in the case. The role Buba’ s lawyer played in the case is unknown because he is the one who is expected to prove the allegation to the court beyond doubt.
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BREAKING: Trump vows to punish Canada – ‘You’ll pay huge price for allowing illegal migrants into US’
President-elect Donald Trump vowed punishment Monday that on his first day in office, he would impose a 25% tariff on all products coming into the United States from Mexico and Canada. “As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before,” Trump wrote in a post on his social media platform Truth Social.....Read Full Article>>
Trump said that on Jan. 20, in one of his first executive orders, he would sign all the necessary paperwork to levy a 25% tariff on all products arriving from the U.S.’s North American neighbours.
I lost my hands, girlfriend, dad’s landed properties survived depression; but I’m alive’
“This Tariff will remain in effect until Drugs, in particular, Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” he wrote. “Both Mexico and Canada have the absolute right and power to easily solve this long-simmering problem. We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!”
Trump said in another Truth Social post that he also would levy an additional 10% tariff on top of existing tariffs on Chinese products coming into the United States.
“I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail,” he wrote. “Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through.”
Trump said the additional tariff on Chinese goods would remain in place until it stops allowing illegal drugs to pour into the U.S.
Throughout his presidential campaign, Trump threatened to crack down on illegal migrant crossings along the U.S.’s southern border with Mexico and to curb the flow of illegal drugs into the country. He has vowed to declare a national emergency and use military assets to deport a record number of immigrants who are in the United States illegally.
Despite Trump’s claim that drugs and crime are at never-before-seen levels, violent crime in the United States declined for the third straight year in 2023, including instances of murder, rape and assault, according to estimates released by the FBI in September.
Trump’s decision to use tariffs as a weapon to fight illegal immigration and drugs could be a double-edged sword. Economists warn that slapping tariffs on products shipped into the United States could drive up inflation and interest rates and result in higher consumer prices. Tariffs are taxes on merchandise shipped to the U.S. from other countries.
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