Author: TheScrutinyNG

Olayemi Cardoso, the Central Bank of Nigeria (CBN) governor, has said that the Monetary Policy Rate to 27.25 percent was a bold move by the apex bank to check inflation. This is according to a press statement from the apex bank on Sunday. Speaking during an address at the Harvard Club of Nigeria over the weekend, Cardoso emphasised that the rate hike, while tough on borrowers, is crucial for the country’s economic stability. “Our decision to raise the Monetary Policy Rate to 27.25 per cent was a bold move. Higher interest rates, while painful for borrowers, are necessary to curb…

The Katsina State Police Command has dismissed recent media reports claiming that a bandit attack disrupted Juma’at prayers in Dan Ali village, Danmusa LGA, Katsina State. In a press statement signed by the Command’s police public relations officer, ASP Abubakar Sadiq Aliyu, the police refuted the reports, urging the public to disregard the false information. The statement emphasised that the fabricated report was intended to spread panic and misinformation. He said: “The fact is that on October 4th, 2024, at about 1400hrs (2pm), some suspected armed bandits in their numbers, armed with dangerous weapons such as AK 47 rifles, shooting…

The Federal Government has awarded a contract to the tune of ₦366m for the first phase of palliative repair of Abuja-Kaduna highway. The repair work will take charge of the failed section of the dual carriage way. The phased emergency repairs of the failed portions of the dual carriageway begin from kilometer 0 + 200 at Zuba, Federal Capital Territory (FCT) and end at kilometre 31 + 200 (Tafa, Niger/Kaduna States’ border). The contractor, Messrs H&M (Nig.) Ltd, who had since Wednesday, 2nd October 2024 mobilised to the site has a two-week completion period for the project after which the…

Governor Soludo has joined in the celebration of 2024 World Teachers’ Day which is observed on October 5 of every year. The event was celebrated in Anambra State at the Teachers’ House in Awka. Speaking at the occasion, the Governor acknowledged the pivotal role of teachers in society and the importance of their contribution to shaping the future of the nation. The Governor praised the efforts and dedication of teachers, especially when they had little or no support before he came, and they had to adapt to new teaching methods, ensuring that education continued despite the challenges. “It is our…

Several shops at the popular Kantin Kwari Textile Market in Municipal Local Government Area of Kano State were on Saturday razed by fire. The inferno, which started at about 7 pm, began at Gidan Inuwa Mai Mai Bayajidda Street and affected a number of buildings in the middle of the market. Confirming the incident, the chairman of the traders’ association, Balarabe Tatari, explained that the quick intervention by the Federal Fire Service, Kano State Fire Service, private companies, and reinforcements from Sabon Gari, Dawanau, and Singa Markets prevented the fire from escalating. “The prompt intervention of the Kano State Fire…

President Bola Tinubu has told public office holders, leaders and faithful of the ruling All Progressives Congress (APC) in the southwest that his focus is not on the next election, but on improving the lives of Nigerians and handing over a prosperous country to the next generation. Represented by his Chief of Staff, Rt. Hon. Femi Gbajabiamila at the APC southwest leaders’ forum in Lagos on Saturday, President Tinubu said the reforms being undertaken by his administration might have exposed the party to widespread criticism, but assured the party faithful that the “tough” decisions would finally set the country on…

The Federal Ministry of Finance has revealed that Nigeria has officially started selling of crude oil and refined petroleum products in naira. The is according to a statement from the Ministry of Finance on Saturday, which said the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the implementation of this a significant initiative, approved by the Federal Executive Council (FEC), started on October 1, 2024. Speaking after a post-commencement review meeting, chaired by the Minister, Edun disclosed that key stakeholders had assured of the commencement of this strategic initiative. The review meeting was held to…

Following backlashes that had trailed the recent trending testimonies of members of The Lord’s Chosen Church, the Lagos State chapter of the Christian Association of Nigeria has instructed the leadership of the Lord’s Chosen Charismatic Revival Ministries to review the pattern with which its members present testimonies at gatherings. Recall that the Christian body condemned one of the viral testimonies shared by a member of the church during the penultimate week. In sharing the testimony, the unnamed member claimed that an old man appeared to her in the examination hall and gave her answers to some questions. The member said…

A 30-year-old man, Motunrayo Olaniyi, has allegedly stabbed his newlywed wife, Olajumoke, to death at Amazing Grace Estate, Elepe in the Ikorodu area of Lagos State. The incident was said to have occurred on Friday after a heated argument between the couple. The wife was pregnant and the incident is coming just three months after their wedding. The Lagos State Police Command, while confirming the incident in a statement by its spokesperson, Benjamin Hundeyin, on Saturday stated that Motunrayo stabbed the 25-year-old wife multiple times during the altercation, locked her in the room, and set it on fire. He added…

The Action Peoples Party (APP)  has won 22 chairmanship positions out of 23 in the Rivers State local government election. According to The Punch, the Chief Election Officer of the Rivers State Independent Electoral Commission, Justice Adolphus Enebeli, made this known on Saturday in Port Harcourt, the state capital. While declaring the results, Enebili said the announcement is suspended in Etche Local Government Area because the results collation is ongoing. He stated that the results for Etche LGA will be declared alongside that of the 319 councillorship seats at a later date.