Kogi State Governor, Usman Ododo, on Tuesday, 24 February, 2026 led a group of young people from Kogi State to present ₦100 million to the All Progressives Congress (APC).
The money is meant to pay for the Nomination and Expression of Interest forms for Bola Ahmed Tinubu ahead of the 2027 general elections.
The cheque was received by the National Chairman of the APC, Nentawe Yilwatda.
While accepting it, he advised other groups or individuals who are planning to pay for President Tinubu’s re-election forms to reconsider their decision.
According to Yitwatda, the Kogi youths are the second group to show interest in buying the President’s nomination forms. However, he added that the first group has not yet made any payment.
Yilwatda praised the young people from Kogi State for taking the initiative. He said they were not asking what the government could do for them, but were instead showing support for the President.
Governor Ododo also said that no government in Nigeria’s history has given young people as many opportunities as the current administration under President Tinubu.
Source: PM News
CBN Reduces Interest Rate To 26.5%
In what is seen as policy shift after months of tight monetary conditions, the Central Bank of Nigeria on Tuesday, 24 February, 2026 reduced its benchmark Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent from 27 per cent, marking its second rate cut in five months.
The latest adjustment follows a similar 50-basis-point cut in September 2025, when the rate was reduced from 27.5 per cent to 27 per cent, ending a prolonged hiking cycle that had pushed borrowing costs to record levels in response to surging inflation.
It was gathered that the decision was taken at the 304th meeting of the Monetary Policy Committee (MPC), held on Tuesday, 24 February, 2026 in Abuja, with all 11 members in attendance voting in favour of the reduction.
Other key parameters were left unchanged, with the Cash Reserve Ratio retained at 45 per cent for commercial banks and 16 per cent for merchant banks, the Liquidity Ratio held at 30 per cent, and the standing facilities corridor maintained at +50 and –450 basis points around the MPR.
The move
