Washington, Sept. 19, 2024 – The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction since the pandemic, sharply lowering borrowing costs shortly before November’s presidential election. Policymakers voted 11-to-1 in favor of lowering the US central bank’s benchmark lending rate to between 4.75 percent and 5.00 percent, the Fed announced in a statement. They also penciled in an additional half-point of cuts before the end of this year, and an added percentage point of cuts in 2025. The Fed’s decision will affect …
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Washington, Sept. 19, 2024 – The Federal Reserve cut interest rates Wednesday by the biggest amount in 16 years. The 50 percentage points reduction will make borrowing money less expensive, taking some of the pressure off consumers’ wallets. Wednesday’s cut brings benchmark borrowing costs down to between 4.75 percent and 5 percent. While the Fed rate does not directly affect rates for loans, credit cards and mortgages, it strongly influences them. Lower rates are also seen as generally good for businesses – so as they fall, the stock market rises. That means …
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Yoruba stakeholders make clarifications on fuel prices controversy 
A group, Yoruba Stakeholders Assembly has made some clarifications on the pump price of Premium Motor Spirit, PMS and the accompanied controversy. The group in a statement issued by its convener, Comrade Dayo Olawale said as a committed voice for transparency and awareness in Nigeria, the Yoruba Stakeholders Assembly “seeks to address the recent misinformation […]
Yoruba stakeholders make clarifications on fuel prices controversy
Nigerians hungry, angry – Makinde
2 min read
Governor Seyi Makinde of Oyo State has declared that times are hard and Nigerians are currently hungry and angry. Makinde made this declaration on Wednesday while performing the ground-breaking ceremony for the upgrading of Samuel Ladoke Akintola Airport, Alakia, Ibadan, to international standards. The governor, while addressing the gathering, said that his government will not […]
Paris Saint-Germain needed a late dose of luck to beat Girona 1-0 in the UEFA Champions League on Wednesday night. The Ligue 1 champions toiled against the debutants at home for 88 minutes without finding the back of the net. However, Nuno Mendes’ low cross was fumbled into his own net by goalkeeper Paulo Gazzaniga. […]
Champions League review: PSG, Dortmund win, Inter Milan hold Man City
NPFL: Ahmed Musa on Rangers’ radar
1 min read
Super Eagles captain Ahmed Musa is attracting interest from Nigeria Premier Football League champions Rangers. According to reports, Rangers are weighing up a move for the former NPFL hotshot. The 31-year-old could have the chance of playing in the CAF Champions League if he links up with the Flying Antelopes. Ahmed Musa recently hinted at […]
CAF Champions League: Okafor ruled out of Rangers vs Sagrada Esperenca 
Rangers forward Onyekachi Okafor will miss their CAF Champions League second preliminary round reverse leg clash against Sagrada Esperanca, DAILY POST reports. Okafor has been ruled out of the game due to illness. The veteran forward didn’t make the trip with the rest of the team to Luanda on Wednesday. The Flying Antelopes contingent, which […]
CAF Champions League: Okafor ruled out of Rangers vs Sagrada Esperenca
Inflation: CBN announces date for 297th MPC meeting 
The Central Bank of Nigeria has fixed September 23 and 24, 2024, for its 297th Monetary Policy Committee meeting. The two-day event is scheduled for the bank’s headquarters in Abuja and is expected to roll out major monetary policies, including efforts to tackle inflation, which stood at 32.15 per cent in August. According to a […]
LP: Sheathe your sword — Obi tells Abure
2 min read
The presidential candidate of the Labour Party in the 2023 elections, Peter Obi, has called on members of the party’s dissolved National Working Committee, NWC, led by Julius Abure, to sheath their swords and join hands with the National Caretaker Committee to rebuild the party. Obi, who was represented by Datti Baba-Ahmed, stated this at […]
‘I can’t be doing all the work’ — Paul Okoye insists on P-Square split 
Nigerian musician Paul Okoye, aka Rudeboy of the P-Square duo, has insisted on splitting with his twin brother, Peter Okoye. DAILY POST recalls that the crisis between the two brothers became public after Paul, in an interview, accused Peter of petitioning the Economic and Financial Crimes Commission, EFCC, to arrest him. However, expressing his frustration […]
‘I can’t be doing all the work’ — Paul Okoye insists on P-Square split
Community Leader Prince Yomade Honored with Award of Merit by Ansar-Ud-Deen Society of Nigeria 
Police recover 2 stolen vehicles, guns in Ebonyi 
Police nab three suspects over killing of husband, wife in Abia