No fewer than three officers of the Nigerian Security and Civil Defence Corps (NSCDC) are feared dead following an ambush in Obiangwu community, Ngor-Okpala LGA of Imo state.A resident of the community who spoke on condition of anonymity said that the security personnel were attacked by suspected gunmen at Ekeisu market in the early hours of Monday.The resident said the officers were “in a vehicle when they were ambushed and killed by their attackers,” adding that t...

Abia State Governor, Dr. Alex Otti, OFR, has expressed his strong support for the Nigerian Air Force's (NAF) decision to establish an operational base in the state. He assured that the state would provide all necessary assistance to facilitate the base's establishment and operations.Governor Otti highlighted the timely nature of the Air Force's decision, coinciding with the Federal Government's plans to build an airstrip in Abia. He emphasized the increasing necessi...

The Central Bank of Nigeria (CBN) has issued a directive to deposit money banks within the country, urging them to swiftly elevate their capital base beyond the current threshold of ₦25 billion.Governor Olayemi Cardoso of the CBN made this announcement during the apex bank’s 294th meeting of the Monetary Policy Committee (MPC) held in Abuja. It was during this meeting that the MPC decided to raise the interest rate from 22.75% to 24.75%.Governor Cardoso underscored...