The Central Bank of Nigeria’s Monetary Policy Committee on Tuesday retained the Monetary Policy Rate (MPR) at 11.5% and kept all other parameters unchanged.
CBN Governor Godwin Emefiele made the announcement while addressing journalists at the bank’s headquarters in Abuja.
The MPR, which has remained unchanged for months, is a powerful tool for regulating interest rates in the economy.
Lowering the rate could have stimulated more borrowing while raising the rate could have signaled the CBN’s intention to reduce the economy’s money supply.
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Primary: Somolu APC Members Protest Alleged Imposition Of Candidate
Members of the All Progressives Congress, APC, in Somolu area of Lagos State, on Friday, faulted an alleged plot to impose a candidate for the Somolu Constituency 1 seat in the state House of Assembly.
The APC members, who made this allegation at the Somolu Local Government Secretariat, the venue of the primary election, further alleged that the leadership of the party planned to impose one Abiodun Orekoya on the Constituents.
They claimed that Orekoya, who is allegedly the governor’s cousin, presently serves as Commissioner 1 in the state Local Government Service Commission, and has refused to resign from the position despite wanting to contest for the Assembly seat.
Speaking with newsmen at the venue of the primary election, a youth leader in the local government, Oluwatobi Agbonton said: “We have been here since 8am and they have refused to allow us carry on with the election and we have heard that the governor and chairman of Somolu LGA, Dullar, have concluded plans to impose Orekoya.
“We are not going to allow any form of imposition from both Governor Sanwo-Olu and Dullar because in Somolu Constituency 1, we have our preferred candidate, who is Remi Ogbara and he is choice of every APC member in Somolu Constituency 1. They should allow a free and fair process and not impose the governor’s cousin on us.”
Also speaking on behalf of United Voices of Somolu, Mrs. Olaide Oke, called on the national leader of the party, Bola Tinubu to quickly wade into the matter and not allow the will of few individuals to prevail over the majority.
Mrs Oke said: “We are calling on our leader, Asiwaju Bola Tinubu to call Governor Babajide Sanwo-Olu and protégés in Somolu to order. Any attempt to subvert the popular will of the majority will be met with stiff resistance.
“The good people of Somolu Constituency 1 are demanding that a young and fresh blood be allowed to replace Honourable Olowo Rotimi who is currently serving in his fourth term in the House, and that young vibrant person is Aderemi Ogbara.
“Ogbara remains the young face of Somolu people to clinch the seat. That is why we have been here since morning to participate in the primaries but they want to impose another person on us but we won’t accept.
“We are not going to allow Dullar and the governor to have their way by standing against the wishes of the progressives and majority. That charade cannot continue, the United Voices of Somolu unequivocally and categorical demand the declaration of Aderemi Ogbara as our party flag bearer for Somolu Constituency 1 seat without any delay.
“Any attempt by Governor Sanwo-Olu to change the narrative by imposing his cousin, will spell doom for the APC in Somolu as a whole.”
1,254 total views, 1,029 views today
UBA Set To Reward Loyal Customers In Super Savers Draw PRL
Africa’s Global Bank, the United Bank for Africa (UBA) Plc, is set to reward several of its loyal customers in its upcoming Super Savers Draw which will be held on Friday, May 27th at the UBA Head Office, Marina, Lagos.
The UBA Super Savers Draw is a promo organised by the Bank through a series of transparent draws which will see hundreds of its Savings Account holders, rewarded with huge prizes after a transparent draw. At the draws, one lucky customer will win N2 million, N1.2 million, N500,000 each; while N100,000 cash prize will be up for grabs for 20 Bumper Account holders.
Another 10 Savings Account holders will win N1million each and some university students with a NextGen Account will win a monthly salary of N15,000 for a year.
UBA’s Head, Personal Banking, Ogechi Altraide, who spoke ahead of the draws, explained that the Super Savers promo is yet again another opportunity for customers to have their lives transformed. All existing customers should do to qualify is to ensure that they save monthly in their UBA Savings Account, while new customers should simply dial *919*20# to open a UBA Bumper Account.
According to her, the Super Savers Draw is open to account holders of the bank from the six geographical zones in Nigeria and has something big for everyone. The aim is to appreciate loyal customers of the bank, who have cultivated a savings culture and stayed loyal to the bank over the years. It will also offer fresh opportunities for potential and intending customers to join the growing number of UBA millionaires and lucky winners who have in the past benefitted from various promos held by the bank.
Winners who recently emerged from the draw, include, Olunwa Osita Ambrose who smiled home with the star prize of a whooping N2m, while Saheed Adeshina Adediran won N1.2m rent for a year. Adewunmi Olaniyi Sobowale, another lucky winner got N500,000 shopping allowance.
Others who equally smiled home with N100,000 cash prizes were; Bayode Peter Oluwaseun, Archibong Unyime Gift, Yakubu Fali, Alaegbu Promise Uchenna, Onyenwenyi Chidimma Confidence, Maria Obianuju Onyeneke, Emmanuel Kalu, Aramide Afolabi Temitope, Ijeoma Juliet Okika, Taiwo Micheal Odofin, Daina Ochekema Egbe, Ighodalo Thompson, Mercy Effiong, Alice Gabriel, Imrana Bello, Onyedika Promise Umeji, Uzoma Chibuike Timothy, Adewole James Idowu, Opeyemi John Kolawole and Israel Ojima Daniel.
Altraide said, “Indeed, there is something for everyone in the Super Savers Draw and it goes without saying that UBA prioritises not only the financial well-being, growth and ultimate success of customers but also places them at the very heart of its business which is why the bank keeps making more and more of its customers millionaires. Our customers are special to us, and this is another opportunity to prove just that”.
“Without a doubt, UBA prioritises not only the financial well-being, growth and ultimate success of customers but also places them at the very heart of its business which is why the bank keeps making more and more of its customers millionaires”.
Since UBA commenced the promo in 2020, about 300 winners have emerged from the initiative that continues to reward loyalty and encourage customers to cultivate a savings habit. The last mega draws which was held in December 2021, saw lots of customers rewarded by the bank.
United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five (25) million customers, across 1,000 business offices and customer touchpoints in 20 African countries. With presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and ancillary banking services.
1,323 total views, 1,085 views today
2023 Elections: My Family And I Are Under Severe Threat, Says Senator Adeyemi
The lawmaker representing Kogi West district, Senator Smart Adeyemi, has raised an alarm over the threat to his life and that of the immediate members of his family.
He raised the alarm in a statement on Friday saying, he was warned against contesting for the seat of the Kogi West senatorial district in the forthcoming election.
The lawmaker who stated that he has since informed the relevant agencies of the development, however, did not disclose the identities of those who issued the threat.
According to him, those to be held responsible should any harm comes to him or any of his family members have already been identified.
“The extent of the threat to my life is yet to be defined; but they are quite potent and palpable based on ‘their’ utterances, and I quote ‘if he dares to contest…, ‘I repeat if he dares to contest…” said Senator Adeyemi. “This has left me with no other option than to make a formal and urgent report to the relevant security agencies and top security officials within and outside the country.
“Any threat to life should not be taken lightly. Consequently, on this premise, Nigerians and the international communities are, by this statement, duly informed that the lives of my immediate family and I are under severe threat, and should any harm or eventuality come to any of us, we know those who are responsible for it, and this has been duly registered in the appropriate quarters.
“I am speaking the truth and nothing but the truth. It is my firm belief that every Nigerian has a right to run, and the voice of the people will prevail. No life should therefore be threatened in the line of duty.”
Senator Adeyemi returned to the Senate for a third term after a Court of Appeal in Abuja dismissed an appeal filed by the then incumbent lawmaker challenging the nullification of his victory in the general elections.
In line with the order of the court, the Independent National Electoral Commission (INEC) conducted a fresh election on November 16, 2019.
INEC was, however, forced to conduct a supplementary poll after the rerun election failed to produce a winner as it was said to have been marred by violence and other electoral malpractices.
1,553 total views, 1,092 views today
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