Local Senate passes bill for NYSC Trust Fund March 21, 2024 Ekemini Uba The Senate has approved a bill put forward by Senator Yemi Adaramodu (APC, Ekiti) to establish the National Youth Service Corps (NYSC) Trust Fund. This initiative aims to create a…
Business Local FG moves to address under-utilization of ports March 21, 2024 Ekemini Uba Chief Adegboyega Oyetola, Minister of Marine and Blue Economy, emphasized the need for the federal government to fully support the Nigerian Ports Authority (NPA) in addressing factors hindering the optimal…
Business Local African Guarantee Fund to support green finance March 21, 2024 Ekemini Uba The African Guarantee Fund (AGF) is teaming up with the Nordic Development Fund (NDF) to assist banks in enhancing their green portfolios, aligning with the Paris Agreement on Climate Change.…
Local Market LCCI raises alarm over soaring Inflation March 21, 2024 Ekemini Uba The Lagos Chamber of Commerce and Industry (LCCI) has expressed deep concerns regarding the continuous rise in inflation, stating that it poses a significant threat to the economic welfare of…
Business investment Stock SEC declines PZ Cussons request to buy out Other shareholders March 21, 2024 Ekemini Uba PZ Cussons Nigeria’s plan to delist from the Nigerian Exchange Group (NGX) has encountered a hurdle, as the Securities and Exchange Commission (SEC) has rejected the company’s proposal for its…
Business Currency Local Naira Strengthens To N1400/$ At Parallel Market March 21, 2024 Ekemini Uba Parallel market operators are now quoting a buy price of N1400/$1 for individuals looking to sell dollars, indicating a significant strengthening of the naira. Investigations by Daily Trust suggest that…
Business Local Customs launches authorised economic operators programme March 21, 2024 Ekemini Uba The Nigeria Customs Service (NCS) unveiled the Authorised Economic Operators (AEO) programme in Abuja on Wednesday, aiming to enhance ease of doing business and trade facilitation in the country. Comptroller-General…
Banking Business Local CBN Clears Foreign Exchange Backlogs March 21, 2024 Ekemini Uba The Central Bank of Nigeria (CBN) has announced the clearance of all valid foreign exchange backlogs, fulfilling a key pledge by CBN Governor, Mr. Olayemi Cardoso, to address an inherited…
Business NNPC Public Listing Is Within Sight, Says Kyari March 21, 2024 Ekemini Uba Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, indicated during the CeraWeek Conference in Houston, United States, that the public listing of…
Business GTCO Food and Drink festival returns in 2024 March 21, 2024 Ekemini Uba The eagerly anticipated 7th edition of the GTCO Food and Drink Festival is set to take place from Friday, April 26th to Sunday, April 28th, at GTCentre, Victoria Island, Lagos.…
Banking Local FBN Holdings appoints new directors under Otedola’s chairmanship March 21, 2024 Ekemini Uba FBN Holdings, Nigeria’s oldest bank, has appointed three new directors for the HoldCo and two for the Bank, marking the start of Femi Otedola’s tenure as chairman of the holding…
Business Local Nigeria’s Economic Outlook Brightens As Brent Hits $86 March 20, 2024 Ekemini Uba Nigeria’s economic outlook has brightened with Brent crude oil prices surging to $86 per barrel, a significant increase from previous levels. The May delivery of Brent crude oil futures witnessed…
Business Local CBN lifts restrictions on milk and dairy imports March 20, 2024 Ekemini Uba The Central Bank of Nigeria (CBN) has announced the lifting of restrictions on the importation of milk and dairy products. In a notice to commercial banks dated March 12, the…
Finance Local Jim Obazee allegedly request N2bn from CBN Gov over assignment March 20, 2024 Ekemini Uba The Chairman of the Special Investigative Committee, Jim Obazee, has reportedly requested N2 billion from the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, for various assignments. In…
Local Unchecked frequencies of foreign airlines in Nigeria, threat to ‘local operators’ March 20, 2024 Ekemini Uba Local airline operators in Nigeria are expressing concern over the number of daily flights, or frequencies, that foreign airlines are operating in and out of the country. They fear that…
Local Ali Pate to deliver keynote speech at NDFF 2024 conference March 20, 2024 Ekemini Uba The Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, has been confirmed as one of the keynote speakers at the Nigeria Development and Finance Forum (NDFF) 2024…
Africa Sudan’s Bashir moved to ‘secure military site’ – lawyer March 20, 2024 Ekemini Uba Former Sudanese president Omar al-Bashir, represented by his lawyer Mohamed al-Hassan al-Amin, has been relocated from a hospital, where he has been receiving treatment since the outbreak of war in…
Africa Suspected poachers killed in gunfire with Zimbabwe rangers March 20, 2024 Ekemini Uba In a shootout near the Kazungula border post in Matabeleland North province, Zimbabwe rangers have fatally shot two suspected poachers. According to Tinashe Farawo, spokesperson for the Zimbabwe Parks and…
Local Nigeria launches mega solar plant to boost national grid March 20, 2024 Ekemini Uba Nigeria has taken a significant step towards clean energy by signing a deal to construct a 20MW hybrid hydro-solar power plant, the first phase of a larger 300MW project. Located…
Local Prominent DR Congo journalist Stanis Bujakera freed March 20, 2024 Ekemini Uba Prominent journalist Stanis Bujakera has been released from the notorious Makala prison in Kinshasa, Democratic Republic of Congo, despite authorities attempting to block his release. Bujakera had already served a…
Africa Senegal President: “I did nothing wrong” March 20, 2024 Ekemini Uba Senegal’s President Macky Sall has defended his decision to attempt to postpone elections, which triggered deadly protests in the country last month. In an interview with the BBC, President Sall…
World IMF reaches agreement with Pakistan to disburse $1.1 billion March 20, 2024 Ekemini Uba The International Monetary Fund (IMF) announced on Wednesday that it has reached a staff-level agreement with Pakistan. If approved by the IMF’s board, this agreement will result in the disbursement…
World Tanker capsizes off coast of Japan, seven deaths confirmed March 20, 2024 Ekemini Uba A South Korean-flagged chemical tanker named Keoyoung Sun has capsized off the coast of Yamaguchi prefecture in western Japan. According to the Coast Guard, the vessel requested assistance after 0700…
World New Zealand government to ban disposable e-cigarettes March 20, 2024 Ekemini Uba On Wednesday, the New Zealand government announced plans to implement stricter regulations on e-cigarettes, including banning the sale of disposable devices and increasing fines for retailers who sell to individuals…
Commodities Local PH refinery: Marketers eye fuel price reduction, ready to load March 19, 2024 Ekemini Uba The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) are anticipating a slight decrease in the pump price of Premium Motor Spirit…
Africa South Africa: boat captain missing, search begins March 19, 2024 Ekemini Uba South African authorities are intensifying efforts to locate missing charter boat captain John Matambu after his vessel, the Magnum Too, was found burned and abandoned on a beach in Mozambique.…
Business Investing Stock N193 billion loans have been declared lost inside CBN’s 10trn intervention March 19, 2024 Ekemini Uba The Central Bank of Nigeria’s Intervention Funds Programme, totaling N10.3 trillion, has shown a repayment rate of 75.8%. However, concerns arise as N193 billion of the disbursed loans have been…
Local Court directs Binance to provide data to EFCC Amidst Allegations March 19, 2024 Ekemini Uba A Federal High Court in Abuja has directed Binance Holdings Limited, a cryptocurrency exchange platform, to furnish the Economic and Financial Crimes Commission (EFCC) with comprehensive data and information concerning…
Business Local Nigeria’s imported food inflation jumps to 29.8% March 19, 2024 Ekemini Uba In February 2024, Nigeria witnessed a significant rise in imported food inflation, reaching a peak of 29.8%, up from 26.3% in the previous month, marking a 352 basis points increase.…
investment Local IOM, Japan to construct 9 healthcare facilities in Adamawa March 19, 2024 Ekemini Uba The International Organization for Migration (IOM), in collaboration with the Japan International Cooperation Agency (JICA), has announced plans to construct nine healthcare facilities in Adamawa state. This initiative, shared via…
