CBN LIKELY TO RAISE INTEREST RATE TO HALT INFLATION. (PHOTO).

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 CBN likely to raise interest rate to halt inflation ....Experts predict MPC tightening of monetary policy The Central Bank of Nigeria (CBN) is set to tighten further its monetary control in a renewed bid to moderate resurgent inflationary pressure. The Monetary Policy Committee (MPC), the highest policy-making organ of the apex bank, begins a two-day meeting today with policy response to mounting inflationary pressure as the main agenda. Analysts’ consensus and sources close to the apex bank were unanimous that the apex bank would increase the benchmark interest rate, the Monetary Policy Rate (MPR), in line with the bank’s avowed focus on curbing inflation and creating a stable investment environment. The MPC, headed by the Governor of the CBN, provides monetary policies and benchmarks, which determine the direction of the financial services sector, and the economy to a large extent. Headline inflation rate broke a two-month breather to record two consecutive monthly increases, raisin
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OSINBAJO GIVES LAGOS THE GO AHEAD TO RECONSTRUCT LAGOS INTERNATIONAL AIRPORT ROAD.

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Image result for pictures of osinbajo and ambode                    The Acting President,Professor Yemi Osinbajo has granted permission to the Lagos State Government to embark upon a total reconstruction of the International Airport Road from Oshodi.In a Press Statement signed on wednesday by the Secretary to the State Government,Mr Tunji Bello,the State Governor,Mr Akinwunmi Ambode who made the disclosure,commended the Acting President for his statesman like approach and for fast tracking the process.''We are very appreciative of the good gesture of His Excellency,the Acting President for acceding to our request which is not only very timely but a very heartwarming one.Posterity will never forget this genuine developmental action'',Governor Ambode said.He also described the approval as a 50th birthday to the people of Lagos State,describing it a further demonstration of the determination of the present administration to ensure the effectiveness of the Executive Order on improving the Ease of Doing Business recently signed by the Acting President.Governor Ambode also gave kudos to President Muhammadu Buhari for providing the enabling environment to attract Foreign Direct Investment into the nation,adding that with the upgrading of the International Airport Road which is the gateway to the nation's commercial nerve center,the country will attract new investments.
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