CBN Maintains Monetary Tightening Regime, Raises MPR Further to 27.25% Hikes banks' CRR to 50% from 45%, merchant banks rate to 16% from 14% NACCIMA, CPPE say stifling financial conditions to address liquidity issues detrimental to investment, economic growth James Emejo in Abuja, Nume Ekeghe and Dike Onwuamaeze in Lagos
Unconvinced by the relative decline in inflation in July and August, the
Monetary Policy Committee (MPC) of the Central Bank of Nigeria
(CBN), yesterday resolved to raise the Monetary Policy Rate (MPR), the
benchmark interest rate by 50 basis points to 27.25 percent from 26.75
Continued on page 31
Africa’s Richest Person, Aliko Dangote Backs Total Fuel Subsidy Removal... Page 5 Wednesday 25 September, 2024 Vol 29. No 10759. Price: N400
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At 79th UNGA, Tinubu Seeks Debt Forgiveness for Nigeria, Developing Nations
Says pursuit of individual national priorities undermining resolutions of global challenges Insists on permanent seat for Nigeria, other African nations at UN Security Council
Deji Elumoye in Abuja
President Bola Ahmed Tinubu,
yesterday, asked the United Nations (UN) to prioritise debt forgiveness for Nigeria and other developing
countries from creditors and multilateral financial institutions. Tinubu charged world leaders to
recommit themselves to multilateralism by deepening relations among UN member-states in line with the
principles of inclusivity, equality and cooperation. He said this was the surest guarantee of global action
against existential challenges faced Continued on page 31
Jonathan: Edo Guber Poll is Proof Technology
Can’t Solve Our Electoral Challenges
Says politicians with dirty minds would still manipulate process, canvasses attitudinal change Secondus: APC has buried Nigeria’s democracy, 2027 won’t come Ruling party warns Yiaga Africa Oshiomhole: Obaseki is politically dead US govt urges stakeholders to support process of challenging poll results Story on page 31
Technical C’ttee of the Southern Nigeria Traditional Rulers Council Visits Abiodun...
L-R: Elemuren of Emuren, Oba Adesegun Bolaji Alowonle; Olowu of Owu, Oba Saka Matemilola; Chairman, Ogun State Council of Obas and the Olu and Paramount Ruler of Yewaland, Oba (Dr) Kehinde Olugbenle; Elegushi of Ikateland, Oba Saheed Ademola Elegushi; Co-Chairman, Southern Nigeria Traditional Rulers Council and Jaja of Opobo, HRM (Dr) Dandeson Douglas; Ogun State Governor, Prince Dapo Abiodun; his Deputy, Engr (Mrs) Noimot Salako-Oyedele; Co-Chairman, Southern Nigeria Traditional Rulers Council and Obi of Obinugwu, HRM Eze Cletus Ilomuanya; Alara of Ilara, Oba Olufolarin Olukayode Ogunsanwo; Oniru of Iruland, Oba Abdulwasiu Omogbolahan Lawal and Olofin of Isheri, Oba Sulaiman Adekunle Bamgbade, during a courtesy call on Governor Abiodun by the Technical Committee of the Southern Nigeria Traditional Rulers Council at Oke-Mosan, Abeokuta... yesterday