LASG REAFFIRMS COMMITMENT TO END TUBERCULOSIS IN COMMUNITIES IN LAGOS STATE. (PHOTOS). #PRESS RELEASE.

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 LASG REAFFIRMS COMMITMENT TO END TUBERCULOSIS IN COMMUNITIES IN LAGOS STATE The Lagos State Government on Tuesday reaffirmed its commitment to completely eradicate Tuberculosis (TB) at the grassroots level across the metropolis.  The Permanent Secretary, Lagos State Health District III, Dr. Monsurat Adeleke made this known during a courtesy visit by the Institute of Human Virology, Nigeria team to her Ikoyi office, emphasising the present administration's commitment to continually prioritise health security across the state. She said the Lagos State First Lady, Dr. (Mrs.) Claudiana Sanwo-Olu, is a Tuberculosis (TB) champion with the mandate of ending TB now and the continuous expansion of TB scale-up diagnostic centres.  According to her, “The First Lady of Lagos State, Dr. (Mrs.) Claudiana Sanwo-Olu is a TB champion. We, the team at the Lagos State Health District III, are satisfying Madam First Lady in achieving our TB mandate. Every day, when we turn on our TV we see ...
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INFLATION: CBN INCREASES MONITARY POLICY RATE TO 27.25.(PHOTO).

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 INFLATION: CBN INCREASES MONITARY POLICY RATE TO 27.25


The Central Bank of Nigeria's Monetary Policy Committee has decided to raise the benchmark interest rate, known as the monetary policy rate, to 27.25 percent. This decision was made at the committee's fifth meeting of the year at the CBN headquarters in Abuja.


The monetary policy rate serves as the baseline interest rate in the economy, and all other interest rates within the economy are based on it. The increase from the previous rate of 26.75 percent reflects an 8.5 percent rise in interest rates under the current leadership, which began a year ago.


In addition to raising the monetary policy rate, the committee also decided to maintain the asymmetric corridor around the MPR at +500 to -100 basis points. Furthermore, the Cash Reserve Ratio for deposit money banks was increased by 500 basis points to 50 percent, and for merchant banks by 200 basis points to 16 percent. The liquidity ratio was retained at 30 percent.


Despite expectations for the Central Bank of Nigeria to either maintain or lower interest rates due to two consecutive months of declining headline inflation, the decision was made to tighten monetary policy.

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