NEWS
CBN Retains Lending Rate at 26.5 Per Cent
By Tony Obiechina, Abuja
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Wednesday announced that the Monetary Policy Committee (MPC) has retained the Monetary Policy Rate (MPR) at 26.5 per cent, citing persistent inflationary pressures and uncertainties in the global economic environment.
Cardoso disclosed this at the end of the MPC meeting attended by all 11 members of the committee, who reviewed recent developments in both the domestic and global economies as well as the near- to medium-term outlook.
Besides retaining the benchmark interest rate at 26.
5 per cent, the committee also maintained the asymmetric corridor around the MPR at +500 and -100 basis points.The MPC further retained the Cash Reserve Ratio (CRR) for Deposit Money Banks at 45 per cent, Merchant Banks at 16 per cent, and non-Treasury Single Account public sector deposits at 75 per cent.
According to Cardoso, the committee’s decisions were anchored on a comprehensive assessment of risks to the economic outlook, particularly rising inflationary pressures driven largely by external shocks.
Although inflation has risen marginally for two consecutive months, the committee expressed confidence that the trend would ease over time, describing the current inflationary pressures as largely temporary.
“The MPC recognises its transitory nature and remains confident that the current macroeconomic environment is sufficiently robust to support a return to disinflation,” Cardoso said.
The CBN governor noted that the committee paid close attention to the spillover effects of the Middle East crisis, which he said had exerted upward pressure on energy prices, transportation costs and logistics globally.
He, however, stated that the impact on the Nigerian economy had remained relatively muted due to earlier policy measures and reforms implemented to strengthen macroeconomic stability.
The MPC stressed the need to sustain existing monetary tightening measures to consolidate gains recorded in stabilising the foreign exchange market, moderating inflation expectations and restoring investor confidence.
The decision to hold rates steady comes amid continued concerns over inflationary pressures, exchange rate volatility and global economic uncertainties affecting emerging markets.
The committee reaffirmed its commitment to closely monitor both domestic and international economic developments and take appropriate measures aimed at ensuring price stability and sustainable economic growth.
NEWS
Army Acquires More Drones, Reconfigures Aviation Assets for Combat
By David Torough, Abuja
The Nigerian Army has acquired additional protracted TP-2 drones and reconfigured its aviation assets for combat operations as part of efforts to enhance operational effectiveness against emerging security threats across the country.
The Chief of Army Staff, Lt.
Gen. Waidi Shaibu, disclosed this at the close of the 2026 COAS conference on Wednesday, where senior military officers reviewed ongoing operations, training, and the country’s evolving security environment.According to him, the investment in modern combat capabilities was aimed at strengthening surveillance, target acquisition, precision strikes, and casualty evacuation during military operations.
He said, “Our investments in modern capabilities, such as the acquisition of additional protracted TP-2 drones and the configuration of the Nigerian Army aviation for combat purposes, are timely and strategic.
“These force multipliers have significantly enhanced our surveillance, target acquisition, precision strikes, and casualty evacuation capabilities,” he said.
The Army Chief noted that the changing nature of contemporary security threats required the Nigerian Army to remain proactive, adaptive, and innovative in its operations.
He also said the conference featured critical reviews of intelligence, operations, logistics, administration, and institutional reforms aimed at transforming the army into a more combat-ready and technologically driven force.
Shuaibu reaffirmed the Nigerian Army’s commitment to prioritising the welfare of officers and soldiers, stressing that improved living conditions and timely welfare packages are critical to enhancing combat readiness and operational effectiveness.
“As earlier shown in the clip presented by my Chief of Staff, there are several direct intervention projects currently ongoing across the Nigerian Army for a more conducive working and living conditions critical to strengthening the army’s combat readiness. These intervention efforts were made with the realisation that a well-motivated soldier operating in a conducive environment will undoubtedly demonstrate higher morale, loyalty, and effectiveness.
“The discussion on welfare programmes such as timely payment of entitlements, improved health care services, educational support, and enhanced welfare package will significantly contribute to the overall combat effectiveness of our troops. We must therefore continue to prioritise the well-being of our personnel and their families,” he said.
Shuaibu further highlighted progress in recruit training, advanced military education, and leadership development, stressing that professionalism, discipline, and meritocracy remained central to strengthening the institution.
He charged commanders at all levels to implement decisions reached during the conference, noting that the true value of the deliberations would be reflected in measurable outcomes across formations.
The Nigerian Army directly purchased its first set of tactical unmanned aerial vehicles in 2022 when it acquired a fleet of American-made Aerosonde Mk 4.7 drones for Intelligence, Surveillance, and Reconnaissance operations. Operational flights for these systems officially began on October 11, 2022.
Following this, the Army has continued to expand its aerial fleet, including the procurement of 43 Turkish-made Bayraktar TB2 combat drones in December 2024 to tackle insurgency in the Northwest.
NEWS
GAIYD, EFCC Task Boy-child on Integrity as World Marks Int’l Day
By David Torough, Abuja
Stakeholders at the commemoration of the International Day of the Boy Child on Saturday in Abuja called on young boys across the country to embrace integrity, discipline and responsible conduct as essential values for nation building.
The event, organised by the Great Achievers Initiative for Youth and Community Development (GAIYD), was themed “Boys for Integrity – Raising Sons Who Build, Not Break, the Nation.
”This year’s celebration was marked with a grassroots football competition among schools from the Federal Capital Territory and Nasarawa State, an initiative organisers said was designed to promote mentorship, discipline and positive engagement among boys through sports.
The tournament, which kicked off in April at New Nyanya, Nasarawa State, ended with its final match at the Moshood Abiola National Stadium, Abuja.
Speaking at the event, President of GAIYD, Hillary Akpua, said the organisation began its advocacy several years ago out of concern that the boy child had been largely ignored in conversations surrounding child development.
According to him, the group has consistently pushed for greater attention to the emotional, moral and social development of boys.
“It’s a journey that we started with friends and today we are almost five years,” he said.
Akpua noted that the organisation deliberately adopted football this year instead of essay competitions used in previous editions because of the sport’s ability to unite people and attract wider participation among young boys.
“Football brings nations together, football brings communities together, football brings families together,” he said.

He stressed that the central message of the programme was to encourage boys to grow with integrity and responsibility.
“Our message is very clear: let the voice of the boy child be heard,” he stated.
He added that raising responsible boys was critical to building a stable society.
“We talk about the girl child, but without a good boy child, I don’t think there would be a better girl child,” he added.
Also speaking, Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, said integrity must become a defining identity for young boys if Nigeria hopes to build a corruption-free future.
According to him, society must stop promoting the false idea that manhood is defined by toughness or the ability to cut corners.
“Real manhood is measured by character when no one is watching,” he said.
The EFCC chairman who was represented at the event by the Head of Enlightenment and Reorientation at the commission,
Assistant Commander Aisha Mohammed, warned that corruption often begins with small dishonest acts among children and youths.
“A boy who cheats in an exam today is training himself to steal from the public tomorrow,” he stated.
He also urged teachers, parents and mentors to deliberately teach integrity rather than assume boys would naturally learn it on their own.
“We are not here to talk about what boys lack. We are here to talk about what boys carry; strength, potential, creativity and the capacity to shape the future of Nigeria,” he said.
Olukoyede further disclosed that the commission had established integrity clubs in primary and secondary schools and zero-tolerance clubs in tertiary institutions as part of efforts to build ethical values among young Nigerians.
On the football pitch, Winning Ways Academy emerged champions after defeating GSS Bakin Ado 5–3 on penalties following a thrilling 2–2 draw in regulation time.
The encounter drew cheers from supporters and participants who filled parts of the stadium for the final showdown.
Captain of Winning Ways Academy, Praise Amos, described the victory as a memorable moment for the team.
“I feel so excited right now. This is the first time winning my first trophy,” he said.
He commended the organisers for creating an opportunity for young players to showcase their talents while learning important life values.
On his part, GSS Bakin Ado player, Prosper Saibu, said although the defeat was painful, his team remained proud of reaching the final.
“It’s not good that we lost, but it’s a game. One team must win,” he said.
He added that the team would work harder and return stronger in future competitions.
The competition featured eight schools including Winning Ways Academy, GSS Bakin Ado, Bill Clinton College, Mon Dieu Montessori Academy, GSS Nyanya Gbagyi and others.
Organisers said the initiative would be expanded in future editions as part of efforts to continue using sports and mentorship to positively shape the lives of young boys across communities.
NEWS
YOWICAN Warns APC Against Marginalising Christians in Nasarawa
From Abel Zwanke, Lafia
The Youth Wing of the Christian Association of Nigeria (YOWICAN), Nasarawa State chapter, has warned the leadership of the All Progressives Congress (APC) against what it described as the marginalisation of Christians in the distribution of senatorial tickets in the state.
In a statement issued on Wednesday YOWICAN expressed displeasure over developments surrounding the APC primaries for the Nasarawa South Senatorial District, alleging that a Christian aspirant who was leading in the contest was being unfairly treated despite the official results yet to be announced.
The statement, jointly signed by the State Secretary of YOWICAN, Engr. Peter Abimiku Esla, and the State Chairman, Attah Michael Abashi, Ph.D, warned against any attempt to alter the outcome of the exercise.
“We are saddened with the turnout of events especially with the APC party primaries for the Nasarawa Southern Senatorial Zone where one of our own is being treated with scorn even when he has demonstrated good leadership by maintaining a steady lead in the just concluded primaries whose results are yet to be announced,” the group stated.
The Christian body said it would resist any move aimed at subverting what it called the will of party members and electorates in the Southern Zone.
“We wish to state categorically clear that any attempt to subvert the will of the electorates in the Southern Zone of the State will be met with stiff resistance. We cannot sit and watch the ruling party deliberately scheming out our members who have served the party diligently over the years. This is unacceptable and we reject it in totality,” the statement added.
The group called on the Governor of Nasarawa State, Abdullahi Sule, the National Chairman of the APC, Nentawe Yilwatda, and the state leadership of the party to ensure fairness and religious balance in the allocation of senatorial tickets.
According to YOWICAN, two of the three senatorial tickets in the state had already gone to Muslim candidates, insisting that the Nasarawa South ticket should be given to a Christian aspirant in the interest of equity.
“Already, two of the three tickets have been given to Muslim candidates and we demand that the remaining one, that is, the Southern Zone, be given to a Christian aspirant,” the statement said.
The group further warned that any contrary decision could send a wrong signal to Christians across the state ahead of future political engagements.
“Any attempt to do the contrary will mean that the party has set itself against the teeming Christians in Nasarawa State and we will respond accordingly,” it warned.


