Author: Chronicle Editor

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate, which serves as the benchmark interest rate, to 27.25%. The monetary policy rate is the economy’s baseline interest rate. Every other interest rate used in the economy is based on the MPR. Addressing journalists at an ongoing press briefing following the committee’s fifth meeting of the year at the CBN headquarters in Abuja on Tuesday, the apex bank’s governor, Olayemi Cardoso, said the committee members unanimously decided to tighten monetary policy. This new rate is an increase of 50 basis points from…

The death toll from the recent cholera outbreak in Adamawa State has reached 12, with 304 people currently hospitalized. The state’s Commissioner for Health, chief Felix Tangwmi provided the update at a media briefing in Yola, the state’s capital. Last week, the state confirmed the cholera outbreak, reporting ten deaths and 76 hospitalizations. Girei, Furore, Yola-South, and Yola-North are the affected local government areas. “Six of the 12 deaths occurred in the hospital, while the other six occurred outside. “So far, 304 people have been confirmed infected and are receiving treatment at our facility,” he said. Read Also: NCDC records…

The Department of State Services (DSS) has released six of the #Hunger or #EndBadGovernance protesters who were arrested during demonstrations in Kaduna State. The protests, held between August 1 and 10, were in response to the economic hardships being experienced by citizens across the country. According to human rights lawyer, Femi Falana (SAN), a total of 2,111 protesters were arrested by security agents during the demonstrations. Sources within the DSS told correspondents on Sunday that the six protesters were released following the completion of investigations, while three others would be arraigned. Read Also: DSS bows to pressure, releases NLC president…

The Peoples Democratic Party objected to the outcome of Saturday’s governorship election in Edo State, which elected All Progressives Congress candidate Senator Monday Okpebholo as the state’s new governor. Adamawa State Governor Ahmadu Fintiri, Chairman of the Edo State Governorship Election National Campaign Council, stated on Sunday that the Independent National Electoral Commission should be held accountable for violating the Electoral Act. Okpebholo received 291,667 votes, defeating PDP’s Asue Ighodalo (247,274 votes) and Labour Party’s Olumide Akpata (22,763 votes). Of the 18 Local Government Areas in the state, the APC won 10 while the PDP settled for eight, but the…

Record rainfall has caused floods and landslides in parts of Japan’s Ishikawa prefecture, killing six people and leaving ten missing. The cities of Wajima and Suzu, which are still recovering from a deadly earthquake that devastated the area on January 1, have been among the hardest hit by the deluge, which began on Saturday and lasted until noon local time (03:00 GMT) on Monday. According to local media, both cities received twice as much rain on Sunday as they do on average in September. According to reports, dozens of rivers overflowed, cutting off roads and isolating more than 100 communities…

During a “unauthorised” early-morning flight in Australia, an helicopter crashed into the roof of a hotel in Australia, killing the pilot. Hundreds of guests were forced to evacuate after the aircraft struck the DoubleTree by Hilton hotel in the northern Queensland city of Cairns at approximately 01:50 local time on Monday (16:50 BST Sunday). The impact caused a fire. Two hotel visitors, an 80-year-old man and a 70-year-old woman, were taken to the hospital in stable condition, while the lone occupant of the aircraft perished at the scene, according to the authorities. The helicopter may have been stolen, according to…

A plane has crashed in the Brazilian state of São Paulo, killing all 61 people on board. The twin-engine turboprop plane was flying from Cascavel in the southern state of Paraná to Guarulhos airport in São Paulo city when it came down in the town of Vinhedo, the Voepass airline said. Footage circulating on social media showed a plane descending vertically, spiralling as it fell. The plane was carrying 57 passengers and four crew. Local authorities said there were no survivors. Read Also:: Plane crash in Brazil with 62 on board The airline had initially said there were 58 passengers,…

In the Brazilian state of São Paulo, a plane carrying 58 passengers and four crew members have crashed. According to Voepass airline, the twin-engine turboprop aircraft crashed in the town of Vinhedo while it was en route from Cascavel, in the southern state of Paraná, to the main airport in São Paulo city. Social media users saw footage of a plane spiraling down a vertical drop. The airline said in a statement, “There is still no confirmation of how the accident occurred or the current situation of the people on board.” Read Also: Plane crash kills 18 passengers on board…

Mohamed ‘Kesho’ Ibrahim, an Egyptian Olympic wrestler, has been arrested in Paris on suspicion of sexual assault. The Paris prosecutor’s office released a statement saying: “On August 9 around 5am, a man born in March 1998 in Egypt who was a wrestler in the Olympic delegation was arrested in front of the Oz cafe.” It’s understood that the reason for his arrest was that he allegedly touched the buttocks of another cafe patron. Kesho, the Tokyo 2020 Games bronze medallist, was identified by the Egyptian Olympic Committee (EOC) as the team member who had been detained. Read Also: Egyptian President…

Germany won bronze in the Olympic women’s football competition in Paris 2024, defeating world champions Spain. The only goal came from a penalty kick awarded on the 65th minute, after Spain goalkeeper Cata Coll had clumsily fouled Giulia Gwinn. With seven seconds remaining, Spain was awarded a penalty, and there was late drama as goalkeeper Ann-Katrin Berger made a superb save to deny Alexia Putellas. Read Also: Police nab 11 Nigerians for running dating scams in Germany Minutes before halftime, Aitana Bonmati struck the woodwork, giving Spain the best chance of a quiet first half. After winning the bronze in…