Brazil’s central bank has raised its key interest rate by one percentage point to 14.25%, the highest level in nine years, in an effort to curb rising inflation. The hike marks the fifth consecutive increase, despite President Luiz Inácio Lula da Silva’s repeated calls for lower rates to boost economic growth. The bank’s Monetary Policy…
China has implemented new tariffs on Canadian agricultural products, including rapeseed oil and pork, a move that industry leaders warn will have severe economic repercussions for Canadian farmers. The new levies, which take effect on Thursday, follow Beijing’s investigation into Canada’s tariffs on Chinese goods imposed last year. Rapeseed oil, oil cakes, and peas will…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has debunked reports of an explosion at the Port Harcourt Refining Company (PHRC), clarifying that a minor fire incident occurred but was swiftly contained. In a statement on Wednesday, NNPCL spokesperson Olufemi Soneye reassured Nigerians that the plant remains operational and continues to produce refined…
By Ayomide Otitoju The Ogun State Government has ordered the closure of Perfect Light Nursery and Primary School in Eyinogbe, Sagamu Local Government Area, following allegations of sexual assault against a minor. According to reports, the proprietor of the school allegedly abused a minor, causing severe physical harm. The suspect has since been arrested by…
By Ayomide Otitoju The Nigerian Bar Association (NBA) has strongly condemned the suspension of Rivers State Governor Siminalayi Fubara, his deputy Ngozi Odu, and all members of the State House of Assembly by President Bola Tinubu following the declaration of a state of emergency in the state. In a statement on Wednesday, NBA President Afam…
By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, has sworn in eight new Permanent Secretaries, bringing the total number of appointments to 111 since the inception of his administration in 2019. The move is aimed at strengthening the state’s public service for enhanced governance and service delivery. The swearing-in ceremony, held on Thursday at…
Global financial markets tumbled on Tuesday as escalating Israeli airstrikes on Gaza heightened geopolitical tensions, triggering a broad selloff on Wall Street and pushing gold prices to record highs. The downturn coincided with a crucial U.S. Federal Reserve meeting, where policymakers convened amid growing economic uncertainty. According to Reuters, the latest Israeli missile strikes have…
By Ayomide Otitoju A growing number of 9mobile subscribers have been unable to switch to other networks in the past month, with industry insiders alleging that the telecom operator is deliberately blocking porting requests at the backend. The issue has raised concerns among industry stakeholders, prompting the National Association of Telecoms Subscribers (NATCOMS) to urge…
By Ayomide Otitoju In a bid to strengthen bonds and celebrate the essence of Ramadan, MAGGI, a brand under Nestlé Nigeria, has launched Tales of Ramadan—a six-week storytelling series that highlights the power of food in fostering friendship, love, and transformation. According to a company statement, the series follows the journey of five women as…
