Why interest rate is high – CBN

The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, at the Vanguard Personality Awards, last weekend took time to explain why interest rate is still high.

He stated: “I sympathize with people when I hear the call on the CBN to reduce interest rates. I share their goal of a reduced single digit interest rate regime in Nigeria. But many people do not seem to understand that in times of high inflation, reducing interest rates make inflationary pressures much worse, with a second round effect of making economic growth even less possible.

#BBNaija: Bisola dumps TTT, makes out with Bally last night (Watch Video)

... And the BBNaija game continues last night as Bisola was spotted making out with Bally last night. She has moved from TTT to Bally as a 'giver'

Press play below:

Governor Ambode: Lagos has earmarked N30bn to phase out danfo buses

Lagos State Governor, Mr. Akinwunmi Ambode, at the weekend said that the proposed Bus Reform Initiative aimed at giving Lagosians an integrated public transportation system would kick start this year with a sinking fund of N30 billion.

The new initiative will phase out danfo buses as means of transportation in the state within the next two years.

DISCO staff electrocuted during illegal connection in Ondo

It was tragedy in Ondo town, headquarters of Ondo West Local Government Area, on Saturday following the electrocution of an ad-hoc staff of the Ondo Business District of the Benin Electricity Distribution Company, BEDC.

The incident occurred at the Government Reserve Area, GRA, located at Itanla along the Ondo/Akure highway, while he was trying to connect a wire from an electric pole.

Gunmen kill three herdsmen in Southern Kaduna

Unknown gunmen have killed two Fulani herdsmen at Unguwan Maiyashi village, Fantsuwam Chiefdom, in Jemaa Local Government of Kaduna State, while another was killed at the Madakiya community of Zangon Kataf LGA, both in southern Kaduna.

An indigene of Ungwar Miayasihi said that the incident occurred at about 4pm on Saturday, when the herdsmen were grazing with their cattle inside a bush.

Photos: Mysterious healing water reportedly drops from Divine Mercy statue In Amichi

Alleged miraculous drops of water from the jaw of the Divine Mercy statue have been spotted in Amichi, Anambra state. Here's the story as shared by Facebook user, Chidi Wazinga Ilechukwu:

'At first I was reluctant sharing these pictures online. It took me and some priests days to asertain this miraculous drop of water from the jaw of the Divine Mercy statue. 

Nigerian prisons holding 68,259 inmates as at March 2017 – Controller General

The Nigerian Prison Service has disclosed that over 68,000 inmates are accommodated in the prison facilities throughout the country as at March 2017.

The Controller General of Nigerian Prison Service, Jaafaru Ahmed, made the disclosure in an interview with the Economic Confidential.

Ahmed said the agency has reopened prison farm centres towards self-sufficiency in food production.

Fighters in Syria claims deadly Damascus bombings

The alliance of hardline fighters in Syria known as Tahrir al-Sham has claimed responsibility for twin bombings targeting Shia pilgrims in the centre of Damscus that killed at least 40 people.

“On Saturday… a twin attack was carried out by two heroes of Islam … in the centre of the capital Damascus, killing and wounding dozens,” the statement said.

The group, a large portion of which previously fought as an al-Qaeda affiliate, said the attack targeted “Iranian militias” and pro-government fighters in revenge for what it said was Iran’s role in supporting President Bashar al-Assad’s “tyrannical rule”, holding them responsible for “killing and displacing” Syrians.

Tragic! Four children drown in Abuja river

Four children, Jinkai Hakila, 10, Bridget Ibrahim, 11, Precious Ezra, 14 and Azumi Daniel, 16, were on Saturday found drowned in Danko River, Galadimawa Community, FCT suburb.

A correspondent of the News Agency of Nigeria, who visited the community, reports that residents were thrown into mourning following the ugly incident.

The four dead children together with other children were at the river for washing before the incident occurred at about 11a.m.

Pretty Mike and his girls steps out again in another weird display (Photos)

Lagos big boy, Pretty Mike and his girls are at  it again, the controversial club owner who is know for stepping out in an awkward manner, putting girls on dog leash,  stepped out again and things were a bit different this time.

Nigerian couple denied entry into the United States because the wife was heavily pregnant

A Nigerian banker, Mr. Tajudeen Popoola, alongside his heavily pregnant wife and two children were stopped and sent back to Nigeria by US immigration officials after they left home for a vacation trip to Florida.

Tajudeen and his family members had a 2 year visa but planned to spend just two weeks, a claim the immigration officials didn't believe before bundling them back home.

See what OAP Mannie thinks about Big Brother Naija housemates

Popular Cool FM OAP, Emmanuel "Mannie" Essien shared this on IG.

I understand this is a brand. I appreciate the following and the imagination it brings to viewers. But I'm not too happy with the selection of housemates. 

Choi, See Curves! Guys, please don't open this if you are with your woman!

Meet Amber Chioma Brendan, a Nigerian whose photos on her Instagram page are sending loads of men to ecstasy heaven and back.

More photos after the cut:

Nigerian gay teen being forced by parents to become priest flees home

Parents of a Nigerian teenage gay boy are pressuring their son to remain in a seminary school in other for him to end up as a priest.

According to Nigerian LGBT rights website, Nostringsng, the 19year old teenage boy (names withheld) who reached out to them out of frustration, narrated his experience at home with his parents, and stated that he is completely depressed, and wishes to commit suicide.

Abuja pastor allegedly heals HIV positive Nigerian soldier (See test results)

Popular Abuja pastor Joshua Iginla's church has claimed a Nigerian soldier by the name Emmanuel Idroengin was healed of HIV after he drank water their Champions Miracle Bracelet was dropped into.

Read the story as shared by the church below:

Aww! Apostle Suleman & wife joyfully dancing today in church (Photos)

Apostle Suleman and his wife dancing joyfully in church today not bothered by the brouhaha his alleged relationship with Stephanie Otobo has drummed up.

Biko, Whose brothers are these?

The game of cross dressing is getting more stronger by the day. Denrele, Bobrisky need to keep their game tight as rivals are coming up *winks*

Huh! Man takes to Facebook to congratulate his daughter for being a virgin (Photo)

A proud Kenyan dad, Duncan Odira took to social media to congratulate his daughter, Jael Atieno Odhiambo for remaining a virgin.

On Facebook, the excited father wrote:

Hilarious Facebook statuses of the day!

LMAO! This just got me laughing hard ... Honestly, he is not suffering for drinking garri that he bought for 900naira. Has anyone gone to collect his/her bread yet?

Uche Maduagwu says he predicted Chris Attoh and Damilola's marriage crash weeks back

Nollywood actor, Uche Maduagwu is claiming that he predicted Chris Attoh and Damilola Adegbite's marriage crash few weeks ago, in a new Instagram post. According to the actor, when he wrote about this, some of  his celebrity friends didn't believe him.

Uche who has predicted that there will be 3 other celebrity marriage breakups in Nigeria this year, says he knows this because he pray a lot. 

Photo of a nearly collapsed electricity pole in Idimu road, Lagos

The Lagos State Government has been called upon by the residents of Idinmu area of the state, to help save them from injuries and possible death as there is a collapsing electricity pole in the area.  According to twitter user, @Ay_bkini, the government shouldn't wait until there's an accident to fix the issue.

For Gays and Lesbians - Charly Boy writes

Charly Boy has written yet another mind boggling piece and the title of this article from the area fada is "For Gays and Lesbians"

Read below:

Empress Njamah: I don't think any right-thinking woman will want to be a single mother

Nollywood actress and abuja based businesswoman, Empress Njamah, has disclosed that she's not in a rush to get married, as she has other constructive things to spend time on. In her interview with Sunday Scoop, the actress advised people to mind their own business, as it's her personal decision.

Interesting! Joro Olumofin pen love letter to his future bae

Relationship expert Adejoro Olumofin asked his followers to write love letters to their future, yet-to-be-met baes, husbands, and wives. He also joined the dance and shared this letter that made his female followers wish they were the one.

Ciara and Russell Wilson step out in matching outfits

Pregnant American songstress, Ciara and her superstar American football player/husband, were pictured recently on an outing in beautiful matching outfits.

Bobrisky set to launch his own reality T.V show

Nigerian crossdresser, Bobrisky, who just held his house warming party for his house in Lekki, is set to launch his own reality TV show, which be live on LindaIkeji TV.

Bobrisky who revealed this on snapchat wrote;

Kemi Olunloyo blast Chioma Toplis after she slammed Oge Okoye

Kemi Olunloyo who had supported Oge Okoye through her dog theft scandal alleged that Chioma Toplis is an unemployed actress, whoring in the United Kingdom. She also attacked U.S based Nollywood actress, Georgina Onuoha, who she alleged is living off shady funds from her rich married male friends. 

Here's what she wrote; 

Mr. Churchill be warned - Tonto Dikeh blows hot, shares domestic violence photos

Nollywood actress, Tonto Dikeh, who has been at the center of a dirty marital crisis 'bashing', has sent out a warning to her husband, who she alleged has  been spreading scandalous & baseless lies about her, and even resorted to some very intimidating tactics in a bid to discredit her and her story.

This is coming after a Ghanaian Police Officer alleged that the beautiful mother of one, who was ‘heavily drunk’ Tonto Dikeh pulled a gun on ex-husband’s guard, during one of their violent fights in Ghana.

Oh dear! Beautiful Nigerian Airforce officer shot dead by colleague today in Makurdi (Photos)

A beautiful young Nigerian Air Force officer named Oladipupo Solape a.k.a Shomzy Shomzy has lost her life after she was allegedly shot by a course mate today.

Edward Desmond, one of Shomzy's colleagues broke the sad news on Facebook while another colleague revealed she was shot by one of their course mates in Makurdi.

Cristiano Ronaldo is expecting twins

Real Madrid starlet, Cristiano Ronaldo is expecting twins from a surrogate mother in the United States according to reports making rounds. It is alleged that the footballer whose first son Cristiano Jr came via surrogacy back in 2010, will be flying his baby twins to his £5million mansion on the outskirts Madrid when they are born, as their yet to be revealed mother is said to be due soon.