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UPDATED: MPC Retains Interest Rate At 27.5%

The first-quarter’s economic parameters, including the interest rate of 27.50 percent, have been kept by the Central Bank of Nigeria’s Monetary Policy Committee.

After the committee meeting on May 19 and 20, CBN Governor Olayemi Cardoso made the announcement.

The committee decided to keep the MPR at 27.50% and the asymmetric corridor at + 500/-100 basis points at its 299th and 20th February 2025 meeting.

The deposit money bank cash reserve ratio was 50.0 percent and the merchant bank’s ratio was 16%, while the liquidity ratio was 30.0 percent, respectively.

Read more about CBN’s non-resident BVN for Nigerians living in the diaspora here.

Cardoso made reference to the National Bureau of Statistics (NBS) inflation rate of 23.71 per cent while revealing the MPC’s decision on Tuesday.

The annual inflation rate for April 2025 decreased from 24.23% in the previous month to 23.71%, according to the NBS.

The inflation rate for the largest portion of the inflation basket, food inflation, increased slightly from 21.9 per cent in March to 21.26, primarily as a result of the price of some commodities like maize, wheat, yam, and wheat.

Cardoso, CBN Governor,

The CBN governor praised the Federal Government for putting forth measures to boost food supply and intensify the fight against insecurity, especially in rural communities, while stating that food inflation remained moderate in April.

The MPC urges security organizations to maintain the momentum while the government offers farmers the protection they need to boost local food production, he said.

Inflationary Pressures

However, the committee acknowledged that legacy structure factors, such as rising electricity prices, persistent foreign exchange demand pressure, and other, contributed to inflationary pressures. &nbsp,

READ MORE: TCN’s Re-Erecting Three Towers Along the 330kV Kainji-Birnin Kebbi Line

The Federal Government’s new policies were also reviewed by the MPC to boost local production, lessen foreign exchange demand pressure, and lessen domestic prices’ effects from higher rates.

Love Island’s Jess White sparks concern after ‘bizarre’ waves of sickness

A former Love Island star has left fans concerned about her health. Jess White, who appeared on season 11 of the show last year, has shared her worries on social media, revealing she feels sick at least once a day.

Taking to TikTok, the reality star, 26, questioned whether her health was normal and explained that she says “I feel sick” once a day but feels better shortly after saying it. Lying in her bed with a cuddly toy, the retail manager from Stockport told fans she had a “genuine question” as she opened up about her issue.

In view of her 60,000 followers on the video-sharing platform, she captioned her post: “Me saying I feel sick every day for the 15th time.” She said: “So, this is a genuine question. Is it just me or is it normal to feel sick everyday? I actually swear I’ll probably say, ‘I feel sick,’ probably comes out of my mouth at least once a day.






Jess explained that she feels sick every day
(
jessamywhite/TikTok)

“And then I feel fine. Then I get this wave of ‘I feel sick,’ and that’s it, it’ll just clear. I’m never ever sick, I just feel sick all the time. It’s bizarre. The point now, if I don’t feel sick I’m like ‘Why don’t I feel sick? I’m gonna feel sick at some point’, then I feel sick. I can’t even explain it.

“Today I felt fine, I was like ‘I’m gonna eat something, I feel hungry,’ put a pizza in. Feel sick, can’t eat it. What does that mean?” Her post, which has been viewed over 97,000 times, was soon flooded with messages from her concerned followers.

“Get bloods done you may have low folic acid,” said one. A second went on to write: “Anxiety – this is me every day.” While a third follower commented: “I used to feel sick every single day when I was in high school and it was the worst thing ever! Get checked by your doctor could be low on something.”






Fans encouraged the reality star to visit her GP


Fans encouraged the reality star to visit her GP
(
jessamywhite/TikTok)

Meanwhile, another encouraged Jess to speak to her general practitioner to find out whether she can take medication to stop the feeling. The TV star found fame last summer after becoming embroiled in a love triangle with Harriett Blackmore and Ronnie Vint throughout the series.

Despite her antics in the villa racking up a lot of screentime, she was dramatically cut from the programme just before the final episode in a mass dumping. During one argument with Harriett, Jess was left enraged as she fumed: “I’m the prize.”

Ahead of the most recent series of All Stars, it was rumoured that Jess would be leaving the North West and heading out to South Africa for the series. She took to social media to hint she was heading on a trip after undergoing a makeover at a salon.






Despite feeling sick, Jess explained that she's never physically sick


Despite feeling sick, Jess explained that she’s never physically sick
(
ITV/REX/Shutterstock)

Speaking to her hairdresser, she said: “I just want to be shocked. I know I’m really dark but a long time ago I was really really blonde. I’m not saying I want to be beach blonde but I feel like I’ve been this colour for years and I just want something different.”

When asked how long her foreign trip would be, she replied: “I don’t know yet, it depends.” However, she ultimately didn’t make the final casting.

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Taylor Swift finally releases Reputation (Taylor’s version) for iconic TV moment

Look What You Made Me Do (Taylor’s Version), which is set to feature on the album Reputation (Taylor’s Version), features on the new season of the Handmaid’s Tale

After years of waiting, Taylor Swift has finally given fans the first look at Reputation (Taylor’s Version). Her followers went into meltdown when a brand new version of Look What You Made Me Do (Taylor’s Version) featured in the latest episode of Hulu’s The Handmaid’s Tale.

Taylor, 35, has been releasing re-recorded versions of albums from earlier in her career in recent years following a dispute over her back catalogue. The most recent to be released was 1989 (Taylor’s Version), which came out in 2023.

She has yet to announce a release date for her new version of the album Reputation, originally released in 2017, after previously teasing the project. Fans are hoping that she shares some news at next week’s American Music Awards.

Ahead of the awards ceremony though, the singer-songwriter showcased Look What You Made Me Do (Taylor’s Version) during the latest episode of Hulu’s the Handmaid’s Tale. The ninth episode of the show’s sixth season, which is set to be its final season, aired on Sunday night in the US.

The track featured in the opening scene of the episode, which saw June Osborne (played by Elisabeth Moss) lead an uprising against the Commanders. The handmaids were seen united as the music played at the start of the episode.

Look What You Made Me Do (Taylor’s Version) featured in a scene on the Handmaid’s Tale recently in which June Osborne (played by Elisabeth Moss, front) led an uprising (Image: Hulu)
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Fans shared excitement on X. One wrote: “Literally losing my mind over look what you made me do Taylor’s version being randomly dropped last night.” Another said: “OMG! This is the perfect song choice, and it sounds so good.”

A third wrote: “Taylor Swift giving Look What You Made Me Do (Taylor’s version) to Handmaid’s Tale is literally so bad*** and iconic I can’t cope.” Someone else commented: “Couldn’t have picked a better song or Artist for the intro!!!!”

Taylor previously teased the track in a snippet on Apple TV+ docuseries The Dynasty: New England Patriots last year. Whilst a Delicate (Taylor’s Version) is said to have briefly appeared on Prime Video’s The Summer I Turned Pretty.

Taylor Swift in a black jumper and beanie hat.
Fans shared their excitement ahead of Taylor, pictured, releasing Reputation (Taylor’s Version)(Image: Getty Images)

The Handmaid’s Tale star Elisabeth, who is also an executive producer on the show, which is based on Margaret Atwood’s novel of the same name, has addressed using Look What You Made Me Do (Taylor’s Version). She spoke to Billboard about being able to use Taylor’s music in the show.

Elisabeth shared that she had wanted to use one of her songs for some time. She said: “I’ve been wanting to use a Taylor song for many years on the show and we finally found the perfect spot for a track from her, and I’m so glad we waited because there could not be a more perfect song for a more perfect moment.”

She added: “Taylor has been such an inspiration to me personally. As a Swiftie myself, and I think I can speak for [co-star] Yvonne [Strahovski] and our entire cast as well, who are all Swifties, it’s such an honor to be able to use her music in the final episodes of our show.”

The sixth season of the Handmaid’s Tale is being released through Prime Video and Channel 4 in the UK. The fourth episode is set to be released on Saturday.

Like this story? For more of the latest showbiz news and gossip, follow Mirror Celebs on TikTok, Snapchat, Instagram, Twitter, Facebook, YouTube and Threads.

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READ MORE: Shoppers rave about Next’s £24 summer dress for its ‘very flattering’ fit around the stomach

King Charles to send powerful message to Donald Trump with historic visit to Canada

King Charles and Queen Camilla visited Canada House on Trafalgar Square in Central London today ahead of their historic visit to Ottawa next week for the State Opening of Parliament

King Charles will “reinforce the power and the strength of the message” to Donald Trump that “Canada is not for sale” when he makes a historic visit to the country next week. Charles will travel to Canada for the first time as monarch when he flies to Ottawa with Queen Camilla on Monday to attend the State Opening of Parliament.

Ahead of their visit, the royal couple toured Canada House on Trafalgar Square where they were shown a giant map of the country’s historic sites. Ralph Goodale, the High Commissioner for Canada in the UK, said the visit would be significant in the wake of verbal aggression from the US president that Canada should become the 51st state of America.

King Charles and Queen Camilla on a visit to Canada House today(Image: Getty Images)

Mark Carney, the newly elected prime minister of Canada, told Trump that Canada was not for sale following the US president’s comments. Mr Goodale said: “The prime minister has made it clear that Canada is not for sale not, is not for sale ever, and I think he probably added five ‘nevers’ after that to make the point.

“The King as head of state will reinforce the power and the strength of that message and it is as I said before captured in our anthem. We are the true north, strong and free and we will stay that way.”

Charles and Camilla were welcomed on the steps of Canada House by two Royal Canadian Mounted Police officers before being shown inside to view a giant floor map of the country. “It’s brilliant, it really is,” said Charles as he walked across the map. “I wish I could bring it every time I go to Canada to remind myself where I’m going and where I’ve been.”

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Charles and Camilla stand on a map of Canada
Charles and Camilla stand on a map of Canada (Image: Getty Images)

Charles and Camilla will arrive in the Canadian capital on Monday afternoon, where they will undertake a community engagement in Ottawa. On Tuesday, the King will speak at the State Opening, the first time a British monarch has attended the event since the late Queen Elizabeth II did in 1977.

The royals’ visit marks the 100th anniversary of Canada House, which was opened in June 1925. Following in the footsteps of George V, who opened the building a century ago, Charles was presented with the key to Canada House.

Echoing the key given to his great grandfather, which was cast in Canadian bronze, silver and nickel, the King was given a key created by Morgan Asoyuf, an Indigenous Ts’myen Canadian artist.

Charles today was particularly taken with a map of the Torngat Mountains and Wood Buffalo national park where wood bison are being reintroduced. He pointed out Churchill in Northern Manitoba on the map and told the King: “I had my first audience with the [late] majesty in 2021 and she was speaking very fondly of visiting Churchill and seeing the polar bears.”

Charles is presented with the key to Canada House
Charles is presented with the key to Canada House (Image: Getty Images)

The Queen, wearing a cream crepe silk dress, in a floral print by Fiona Clare, was shown an area near Montreal and said she’d visited the area in Quebec previously on a family holiday saying “it was lovely”. Pointing to an area on the map, Robert Fry, the deputy high commissioner, told the Queen: “That was also where the battle of Quebec was fought when the British took over Canada from the French.”

The map features other sites of interest including battles fought during the 1812 war between the US and Britain, although these were not explicitly pointed out to the King and Queen. During a reception area where they greeted High Commission staff and Lyse Doucet, the Canadian-born chief international correspondent for the BBC.

The King with Lyse Doucet, the Canadian-born chief international correspondent for the BBC
The King with Lyse Doucet, the Canadian-born chief international correspondent for the BBC(Image: Getty Images)

Standing on a stage to present the key to Charles, Mr Goodale said: “Your presence here today launches your journey to Canada next week. This will be your 20th visit but your first as reigning monarch. Your dear mother Queen Elizabeth II often said to the delight of Canadians that a journey to Canada felt like coming home. We hope that you feel exactly the same way.”

Speaking after the visit, Chief Perry Bellegarde, a first nations advocate and Honorary President of the Royal Canadian Geographical Society, said that the King’s “throne speech” at the opening of parliament next week was “a huge deal”. He said: “To have the head of state, the monarch, come, is huge. And to read the speech from the throne sends a very strong message that Canada is an independent sovereign country.”

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Why isn’t the world paying attention to Sudan?

The devastating conflict in Sudan is just beginning, and it is not over.

This humanitarian and displacement crisis is regarded by the UN as the world’s most severe.

Millions of people are victims of murder, rape, and famine. If things don’t change, what will happen to Sudan’s citizens? And why does the international community largely ignore this crisis?

Presenter: Stefanie Dekker

Public workers in Africa see wages fall by up to 50% in five years: Survey

According to international NGO ActionAid, public spending cuts in six African nations have caused health and education workers’ salaries to decline by up to 50% in five years, leaving them without the means to make ends meet.

According to the report Human Cost of Public Sector Cuts in Africa, 97% of the healthcare workers in Ethiopia, Ghana, Kenya, Liberia, Malawi, and Nigeria were unable to pay their basic needs like food and rent on their wages, according to the report released on Tuesday.

According to the report, the International Monetary Fund (IMF) recommends drastic cuts in public spending to pay back foreign debt in these nations. More than three-quarters of the world’s low-income nations spend more on debt servicing than healthcare as the debt crisis continues to worsen throughout the Global South.

“Investments in healthcare and education across Africa have been severely hampered by the debt crisis and the IMF’s insistence on cutting public services in favor of foreign debt repayments. For instance, according to ActionAid Nigeria’s Country Director Andrew Mamedu, only 4% of its national revenue went toward improving its health in 2024, compared to a staggering 20.1% of foreign debt.

The report made it clear that chronic shortages and a decline in the quality of care had been the result of the healthcare system’s insufficient budgets.

Additionally, it seems as though women are disproportionately affected.

“I’ve seen four women give birth at home in the past month because of unaffordable hospital costs. Since they are not offered in public hospitals, the community is compelled to seek out vaccines and immunisation in private hospitals. Our [local] health services are only able to accommodate pregnant and lactating women, according to a healthcare worker from Kenya, who was only identified as Maria.

According to the NGO, malaria medications are now ten times more expensive at private facilities, which is still the main cause of death on the African continent, particularly in young children and pregnant women. Due to lengthy travel distances, rising costs, and a shortage of medical professionals, millions of people are unable to access life-saving care.

Because many people are now unable to get medication, malaria is an epidemic in our area. A community member from Muyakela Kebele in Ethiopia, who only gave herself as Marym, told ActionAid that while 50 birrs ($0.4) could be purchased for [antimalarial medication] for 50 birrs ($0.4), it now costs more than 500 birr ($4) in private health centers.

It’s nearly impossible to provide high-quality education.

The state of education is equally dire, with budget cuts causing failing public education systems plagued by rising costs, a shortage of learning materials, and overcrowded classrooms.

Overcrowded classrooms, according to teachers, cause stress for some with more than 200 students. Additionally, 73 percent of teachers claimed to have purchased the materials themselves, while 87 percent claimed to have lacked basic classroom supplies.

Teachers’ wages have been steadily declining, with 84 percent reporting income declines of between 10 and 15% over the past five years.

A Liberian teacher, known as Kasor, said, “I frequently struggle to put enough food on the table.”

According to the UNESCO Institute for Statistics, four of the six nations’ national budgets for education are only authorized to cover one-fifth of their national budgets.

“I now consider teaching to be the least-preferred profession.” Delivering quality education is nearly impossible because of the 200 students in my class and the lack of quality teaching and learning materials, according to a Maluwa primary school teacher in Malawi’s Rumphi District.

According to Action Aid, its report demonstrates how severe the effects of IMF-approved policies are. According to the statement, healthcare workers and educators have a severe cap on the work they can do, which has a direct impact on the level of services they can offer.

Countries in the Global South and low-income countries are especially affected by the unfair global economic system that are perpetuated by outdated institutions like the IMF, according to Roos Saalbrink, the global economic justice lead at ActionAid International. This results in additional burdensome debt for the most underprivileged. There must be a conclusion to this.