NUT PROTEST : WIKE WARNS AGAINST POLITICISING INSECURITY. (PHOTO).

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 NUT Protest : Wike Warns Against Politicising Insecurity The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned against politicising insecurity amid protests by the Nigeria Union of Teachers, FCT wing, over the killing and abduction of school staff and children in Oyo State. Teachers stormed the FCTA Secretariat in Abuja to condemn the killing of Michael Oyedokun and to demand the release of abducted pupils and teachers from Community High School, Ahoro-Esinle in Oriire Local Government Area. The FCT minister addressed the protesters on Tuesday, saying the federal government is on its toes working to secure the rescue of the schoolchildren and their teachers. Wike urged protesters to avoid turning the tragedy into a political issue and to give security efforts time to produce results. Chairman of the union in the FCT, Mr Abdullahi Shafa, explained that the nationwide solidarity protest was to condemn the killing of the teacher and abduction of the school chil...
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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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