TheMorning Star

CBN Governor Cardoso Announces Monetary Policy Adjustments

ABUJA – Following the 296th Monetary Policy Committee (MPC) meeting held on Tuesday, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced key decisions aimed at addressing the country’s economic challenges. The MPC has adjusted the asymmetric corridor around the Monetary Policy Rate (MPR) from +100/-300 basis points to +500/-100 basis points. Additionally, the committee…

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Senate Proposes Adding Domestic Workers to Minimum Wage Law

During a public hearing by the Senate Committee on Employment, Labour, and Productivity, discussions focused on a bill aimed at the domestication and registration of domestic workers and their employers in Nigeria. Senator Osita Izunaso, representing Imo West, and Geraldeen Etuk, Acting National President of the National Council of Women Societies (NCWS), advocated for incorporating…

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Dangote, Regulatory Dispute Escalates Lokpobiri Seeks Resolution

The ongoing dispute between Aliko Dangote and Nigerian regulatory authorities regarding the Dangote Refinery in Ibeju-Lekki, Lagos State, has intensified. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) recently declared that the refinery is still awaiting government licensing to commence operations. To address the conflict, Minister of State for Petroleum Resources, Heineken Lokpobiri, convened…

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Nigerians Plan Hunger Protest Against Tinubu’s Economic Policies

By Ayomide Otitoju Disillusioned Nigerian citizens, facing economic hardship due to President Bola Ahmed Tinubu’s contentious economic policies and the removal of fuel subsidies, are preparing for a hunger protest from August 1st to 10th. This impending protest raises pressing questions: Can President Tinubu manage the crisis, having been forewarned of its potential impact? Will…

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