IBNET

BREAKING NEWS: Dora Akunyili Is Dead Former Director General of the National Agency for Food and Drug Administration and Control (NAFDAC) and ex minister of Information, Professor Dora Akunyili, has died according to a family source. Dr. Akunyili died in an India Hospital where she has been receiving treatment for an undisclosed ailment. She was aged 59. Madam Akunyili, you have fought the good fight and you have finished the race. Death is an inevitable phase in life! Posterity will always remember you for good. May the good Lord grant your family the grace to bear this great loss. Adieu! Culled:aibnetwork.blogspot.com

Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday promised a gradual reduction in interest rates, signalling a shift from the monetary policy of his predecessor, Sanusi Lamido Sanusi. This will be the first time in two years that the CBN will be aiming to reduce the interest rates to single digit. The rates have remained at 12 per cent since 2011. Speaking at a news conference at the CBN, Abuja Headquarters, Emefiele said. “There is no doubt that reducing interest rates and maintaining exchange rates are very daunting twin goals,” adding, “however, the central bank will work assiduously to ensure that these goals are mutually achieved.” But, analysts warned that reducing interest rates too quickly could hurt the naira and stoke inflation. Emefiele said: “High interest rates create a perverse incentive for commercial banks to simply buy virtually risk-free government bonds rather than lend to the real sector. To enhance financial access and reduce

Northern States Governors Forum on Friday said the death of the Emir of Kano, Alhaji Ado Abdullahi Bayero, was a monumental loss to the entire nation. The Chairman of the Forum, Dr. Muazu Babangida Aliyu, in a condolence message in Minna said the region and indeed the nation has lost one of its foremost and forthright monarchs. He said the late Emir was a fountain of experience, who exuded wisdom and was a father to all regardless of ethno-religious affiliations. The message signed by Aliyu Chief Press Secretary, Israel Ebije reads, “The North and Nigeria will miss his contribution especially now that the country needs people of his calibre to chart a better future especially in the area of security.” The Forum condoled with the governor of Kano State, Alhaji Rabiu Kwankwaso, for the loss, urging him to embrace the Emirs death as the will of Allah. The statement reads, “The passing away of the Emir of Kano is indeed sad for the entire Northern states and Nige