BLORD IS OUT FROM KUJE PRISON AFTER PERFECTING ALL HIS BAIL CONDITIONS.(PHOTO).

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 So Linus Williams (Blord) has been released from Kuje prison after fulfilling his bail conditions, finally, freedom after a few weeks in custody. However, here’s the current position of his case:  He is still expected to show up and stand his trial.  If he fails to appear in court even for one day, his bail can be revoked and a bench warrant may be issued against him, meaning a return to Kuje. If the prosecution cannot prove the charges against him, he will be discharged and acquitted. If the prosecution proves the charges, he may be sentenced and sent back to Kuje. I think he should seek a peaceful resolution to the case. Congrats to him on his freedom for now.
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CBN MAINTAINS INTEREST RATE AT 27.5%.(PHOTO).

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 CBN Maintains Interest Rate at 27.5%


The Central Bank of Nigeria has retained the Monetary Policy Rate at 27.5%, following its 301st MPC meeting in Abuja. CBN Governor Olayemi Cardoso said the decision was unanimous amid easing inflation, now at 22.22%.


The MPC also kept the Cash Reserve Ratio at 50% for commercial banks and 16% for merchant banks, with the liquidity ratio at 30% and the asymmetric corridor at +500/-100 basis points.


This marks the third consecutive hold after February and May meetings, despite earlier expectations of a rate cut by analysts and manufacturers.

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