Good morning. Here is today’s summary from TheMatrix Newspapers:
1. Why Interest Rate Was Slashed – Cardoso
- Cites Easing Inflation, $55.25bn Reserves, FX Stability
- Says This Is A Reset, We Will Not Allow Ourselves To Be Caught Unaware’
- CPPE Challenges Banks To Cut Lending Rates To Businesses
The Central Bank of Nigeria has delivered its biggest interest-rate cut in the current monetary policy cycle, slashing the benchmark Monetary Policy Rate from 26.5 per cent to 23 per cent, while warning that it will aggressively mop up excess liquidity ahead of the 2027 general elections. READ MORE
2. 2027: NDC-OK Movement Feud Deepens
- Dickson: It’s Nonsensical, Support Groups Don’t Sponsor Candidates, Set Up Parallel Campaign Councils
- Lawal Officially Joins NDC, Backs Obi-Kwankwaso Ticket
The crisis between the Nigeria Democratic Congress (NDC) and the Obi-Kwankwaso (OK) Movement has taken a fresh turn, with the party’s National Leader, Senator Seriake Dickson, warning support groups against assuming the role of political parties or establishing parallel campaign structures. READ MORE
3. OPay Expands Social Impact Drive, Supports Education, Innovation, Women Empowerment
- Reveals 14,000 Play4aChild Beneficiaries, 100 Women Supported
OPay, a digital financial services provider, has expanded its corporate social impact interventions in Nigeria, deploying technology, partnerships and resources to support education, youth innovation and women’s economic empowerment. READ MORE
4. Tinubu Mobilises Africa Against Raw Mineral Exploitation
President Bola Ahmed Tinubu has launched a fresh continental push to end Africa’s long-standing dependence on exporting raw minerals, calling for an aggressive alliance among African countries to take control of their mineral wealth and build industries around it. READ MORE
5. Dangote To Empower 2 Million Women Through Refinery IPO
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has announced plans for the Aliko Dangote Foundation to collaborate with state governments to empower vulnerable women across Nigeria through participation in the Dangote Petroleum Refinery and Petrochemicals Limited Initial Public Offering (IPO). READ MORE
6. FG Did Not Give Oyo N50bn For Airport Upgrade — Makinde
Oyo State Governor, Seyi Makinde, has disputed claims by the Minister of the Federal Capital Territory, Nyesom Wike, that the Federal Government provided N50 billion to support the upgrade of the Ibadan International Airport. READ MORE
7. State Police: Osun Assembly Approves Constitutional Amendment
The Osun State House of Assembly has approved a resolution supporting the creation of State Police as part of ongoing constitutional amendment efforts aimed at allowing states to establish their own police forces. READ MORE
8. El-Rufai Trial: Court Fixes October 26 To Rule On Bid To Stop Proceedings
The Federal High Court sitting in Abuja has fixed October 26 to deliver its ruling on an application filed by former Kaduna State Governor, Nasir El-Rufai, seeking to halt his trial over allegations bordering on unlawful interception of telephone communications. READ MORE
9. Arteta Agrees New Deal With Champions Arsenal
Mikel Arteta has agreed an improved new contract with Premier League champions Arsenal. READ MORE
10. Charly Boy Reveals How He Connected Isbae U With Obasanjo
Veteran entertainer and activist, Charly Boy, has revealed that he played a role in bringing content creator Isbae U and former President Olusegun Obasanjo together for the popular interview programme, Curiosity Made Me Ask. READ MORE
