Local MMA2 Wins Two Awards at Nigerian Aviation Ceremony February 29, 2024 Ekemini Uba Bi-Courtney Aviation Services Limited (BASL), which operates the Murtala Muhammed Airport Terminal Two (MMA2), proudly announced its success at NIGAV’s 13th Nigerian Aviation Award and Ministerial Dinner 2023. MMA2 received…
Business investment Local Delta State Government Partners with UK Firm for Mangrove Restoration Project February 29, 2024 Ekemini Uba The Delta State Government recently finalized an agreement with a United Kingdom firm and other partners to restore mangrove forests, protect seagrass, and preserve the ecosystem for conservation and environmental…
Local Ibom Air Adjusts Flight Schedule After Wet-Lease Discontinuation February 29, 2024 Ekemini Uba Following the termination of its wet-leased aircraft arrangement, Ibom Air has announced adjustments to its flight schedule, assuring passengers that operations will soon return to normal. The airline also revealed…
Local Trade SEC May Wield Hammer on Binance, Other crypto Platforms For Illegal Operations February 29, 2024 Ekemini Uba The Securities and Exchange Commission (SEC), Nigeria, is considering imposing huge fines, potentially amounting to billions of dollars, on Binance, one of the world’s largest exchanges, and other cryptocurrency companies…
Local Technology 3.0 Verse Launches Operations in Nigeria to Simplify Digital Assets February 29, 2024 Ekemini Uba 3.0 Verse, a digital assets company, has inaugurated its operations in Nigeria, marking its entry into the African market. The firm also announced a strategic partnership with the Stakeholders in…
Business Local Market Naira Records First Gain at Official Market After Rate Hike February 29, 2024 Ekemini Uba The Nigerian naira has experienced a slight appreciation of 0.39 percent in the official foreign exchange (FX) market, marking its first gain following the Central Bank of Nigeria’s (CBN) recent…
Local CBN Resumes Dollar Sales to BDCs to Stabilize Naira February 29, 2024 Ekemini Uba After a three-year hiatus, the Central Bank of Nigeria (CBN) has reinstated dollar sales to Bureau De Change (BDC) operators, aiming to stabilize the naira and reduce the gap between…
Banking Local CBN’s Monetary Policy Committee Raises Interest Rate to 22.75% February 29, 2024 Ekemini Uba The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), under the leadership of Olayemi Cardoso, announced a significant increase in the main interest rate by 400 basis…
Africa World ICC Orders Record Reparations for Victims of Ugandan Militia Commander February 29, 2024 Ekemini Uba International Criminal Court (ICC) judges have ruled that nearly 50,000 victims of Ugandan militia commander Dominic Ongwen are entitled to receive over 52 million euros ($56 million) in compensation, marking…
Local U.S. Urges UN Security Council Action to End Sudan Conflict February 29, 2024 Ekemini Uba The United States has urged the United Nations Security Council to intervene and help resolve a nearly year-long conflict in Sudan between the Sudanese army and the paramilitary Rapid Support…
Trade World Guinea’s Trade Unions Suspend Nationwide Strike February 29, 2024 Ekemini Uba Guinea’s trade unions have lannounced the suspension of a nationwide strike that had brought the West African nation and its mining sector to a standstill since Monday. The decision to…
World Impala Platinum Considers Closure of South African Mines February 29, 2024 Ekemini Uba Impala Platinum (IMPJ.J) is considering the closure of some of its loss-making South African mining operations if metal prices continue to decline and restructuring efforts fail to enhance margins, CEO…
Business Market World Oil falls on US demand worries, interest rate fears February 29, 2024 Ekemini Uba Oil prices experienced a decline on Thursday following a larger-than-expected build in U.S. crude stockpiles, raising concerns about sluggish demand. Additionally, indications that U.S. interest rates may remain elevated further…
Technology World Int’ Game Technology to merge two units with Everi in $6.2 bln deal February 29, 2024 Ekemini Uba International Game Technology (IGT.N) announced on Thursday its decision to split its global gaming and playdigital businesses and merge them with gaming machine maker Everi Holdings (EVRI.N) in a deal…
Local Oronsaye Report Outdated, Says Shehu Sani February 29, 2024 Ekemini Uba Former lawmaker Senator Shehu Sani has emphasized the need to update the Oronsaye Report before its implementation, citing its obsolescence in light of the proliferation of new agencies and commissions…
Local Nigerians Are Happy People… They Can Absorb Hardship And Keep Moving – Deputy Speaker February 29, 2024 Ekemini Uba During a session on Wednesday, Benjamin Kalu, the deputy speaker of the lower legislative chamber, expressed his belief that Nigerians possess the resilience to withstand hardship and persevere. Speaking during…
Local Immigration: FG Asks Seniors, Juniors Of New CG To Resign February 29, 2024 Ekemini Uba The Federal Government is poised to carry out a mass retirement of Senior Officers within the Nigeria Immigration Service, barring any last-minute alterations to its plans. The affected Senior Officers…
Local Inside Details Of How Nigerian Govt Detained Binance Executives February 29, 2024 Ekemini Uba The Nigerian government has detained two executives of the Binance crypto exchange platform as part of efforts to stabilize the nation’s foreign exchange market and protect the value of the…
Breaking Business Local JUST IN: MPC Raises Interest Rate To 22.5% February 27, 2024 Ekemini Uba The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark interest rate, raising it by 400 basis points from 18.5…
World Widow’s $1 Billion Surprise Gift: Bronx Med Students’ Tuition Covered Forever February 27, 2024 Ekemini Uba When Ruth Gottesman’s husband passed away in 2022, she discovered a surprise: $1 billion in Berkshire Hathaway stock left by her husband. Gottesman, 96, shared that her husband’s only instruction…
Local Fire Incident at FCMB Office in Lagos Island February 27, 2024 Ekemini Uba First City Monument Bank (FCMB) confirmed a fire incident on Monday, February 26, on the 7th floor of its office located at Macarthy Street, Lagos Island. The incident was reported…
Local Foreign Investors Pause Nigerian Investments Over Naira Volatility February 27, 2024 Ekemini Uba Foreign investors are holding back on new investments in Nigeria, awaiting stability in the country’s currency, the naira. A projected inflow of approximately $700 million has been put on hold…
Business Local Civil Society Leaders Urge Halt to Shell Petroleum Sale in Nigeria February 27, 2024 Ekemini Uba A coalition of civil society leaders has united in a call for the cessation of the sale of Shell Petroleum Development Company (SPDC), the Nigerian arm of Shell Plc, a…
Local Lord Jacob Rothschild, a Renowned Financier Passes Away at 87 February 27, 2024 Ekemini Uba Lord Jacob Rothschild, a prominent financier and member of the esteemed Rothschild banking family, has passed away at the age of 87, as confirmed by his family. Beginning his career…
Local FEC Approves Construction Of Lagos-Calabar Coastal Highway February 27, 2024 Ekemini Uba During a session chaired by President Bola Tinubu, the Federal Executive Council (FEC) has given the green light for the construction of the Lagos-Port Harcourt-Calabar Coastal Superhighway. The responsibility for…
Local Alphabet’s Stock Faces $90 Billion Market Value Fall February 27, 2024 Ekemini Uba Alphabet, the parent company of Google, witnessed a significant downturn on Monday, shedding approximately $90 billion in market value due to escalating concerns surrounding its generative artificial intelligence (AI) product,…
Local Tinubu Orders Full Implementation of Oronsaye Report February 27, 2024 Ekemini Uba President Bola Tinubu, on Monday, directed the comprehensive implementation of the Oronsaye report, a significant step towards reforming Nigeria’s public sector. The 2012 Oronsaye report identified 541 federal government entities,…
Local Don Jazzy Acquires Majority Stake in Mavin Global February 27, 2024 Ekemini Uba “Universal Music Group (UMG) has finalized the acquisition of a majority stake in Mavin Global (Mavin), a renowned music company headquartered in Lagos, Nigeria. Founded in 2012 by Michael Collins…
Business Local Nigeria’s Economy Grapples with FX Market Distortions February 27, 2024 Ekemini Uba Nigeria’s economy confronts formidable challenges stemming from global shocks, fiscal mismanagement, and a distorted foreign exchange (FX) market. Over the past decade, unconventional monetary policies have led to the emergence…
Local FG Proposes 20% Tax on Sugar Beverages, to Combat Overconsumption February 27, 2024 Ekemini Uba The Federal Government has unveiled plans to introduce a 20% tax on Sugar-Sweetened Beverages (SSBs) as a proactive measure to mitigate the overconsumption of these beverages and combat the rising…
