Local Anger as Nigerian Airport is Named after Tinubu March 12, 2024 Ekemini Uba A decision to rename Minna International Airport after President Bola Tinubu has sparked criticism in Nigeria. The government of Niger State announced the renaming, citing Tinubu’s contributions to regional development.…
Africa Heatwave Exacerbates Water Shortages in Johannesburg March 12, 2024 Ekemini Uba Authorities in Johannesburg, South Africa’s commercial hub, attribute the ongoing heatwave to reduced water flow, leaving taps dry for several weeks. The South African Weather Service issued a warning about…
Africa Kenyan-led Haiti Mission in Pre-deployment Stage – Minister March 12, 2024 Ekemini Uba The Kenyan government remains resolute in its plan to deploy hundreds of police officers to Haiti, despite the worsening gang violence in the Caribbean nation. Interior Minister Kithure Kindiki affirmed…
Africa Chad Announces Free Water and Electricity for Households March 12, 2024 Ekemini Uba Chad’s government has unveiled plans to offer free water and electricity to households until the end of the year. Under the initiative, households will enjoy a monthly consumption allowance of…
World US Investigates Honda Vehicles Over Braking Issues March 11, 2024 Ekemini Uba The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into approximately 250,712 Honda Insight and Honda Passport vehicles due to concerns regarding inadvertent activation of automatic…
World Libyan Leaders Agree on Forming New Unified Government March 11, 2024 Ekemini Uba Key Libyan leaders announced on Sunday their consensus on the imperative need to establish a new unified government tasked with overseeing long-awaited elections. This agreement marks a significant step in…
Africa South Africa lender absa Records Marginal Rise in Annual Profit March 11, 2024 Ekemini Uba Absa Group, one of South Africa’s top private lenders, reported a marginal increase in annual profit despite facing higher credit impairments, according to its latest financial statement released on Monday.…
Africa Egypt Secures IMF Support Package, Reduce Budget Deficit March 11, 2024 Ekemini Uba Egypt has embarked on significant initiatives aimed at decreasing its budget deficit, including the sale of real estate assets and reaching a support agreement with the International Monetary Fund (IMF),…
Africa Senegalese Opposition Coalition Unveils Campaign Platform March 11, 2024 Ekemini Uba A Senegalese opposition coalition, supported by the influential figure Ousmane Sonko, launched its presidential campaign platform on Saturday, outlining ambitious proposals including the creation of a new national currency and…
Africa Central African States Lift Sanctions, Reintegrate Gabon into Regional Bloc March 11, 2024 Ekemini Uba The Economic Community of Central African States (ECCAS) decided to lift sanctions on Gabon and reintegrate it into the regional bloc, marking a significant development six months after suspending its…
World Chinese Regulators Urge Financial Support for China Vanke March 11, 2024 Ekemini Uba Chinese regulators have reportedly convened meetings with financial institutions to address the challenges faced by state-backed property developer China Vanke. Sources familiar with the matter revealed that regulators urged large…
Currency World Yen Strengthens Against Dollar Despite BOJ Policy Shift March 11, 2024 Ekemini Uba The yen saw gains against the dollar on Monday amidst indications that the Bank of Japan (BOJ) may exit negative interest rates at its upcoming policy meeting, contrasting with expectations…
World Australia Poised for Interest Rate Cuts- Macquarie Group CEO March 11, 2024 Ekemini Uba Macquarie Group CEO, Shemara Wikramanayake, forecasts that Australia’s economy is primed for interest rate reductions in 2024, aiming for a “soft landing” following a prolonged period of inflation. Speaking at…
Technology World Nvidia is Sued by Authors Over AI use of Copyrighted Works March 11, 2024 Ekemini Uba Nvidia, renowned for its chips powering artificial intelligence, faces legal action from three authors who claim the company used their copyrighted books without permission to train its NeMo AI platform.…
Local Governors Assures Action on Food Crisis and Economic Hardship March 11, 2024 Ekemini Uba The Nigeria Governors’ Forum (NGF) comprising governors from all thirty-six states has pledged to tackle the challenges of food crisis, economic hardship, and hunger in the nation. They have introduced…
Local Court Orders Final Forfeiture of Exotic Cars ‘Stolen’ from Canada March 11, 2024 Ekemini Uba A Federal High Court in Lagos has issued a final forfeiture order for 36 luxury cars that were reportedly stolen from Canada and brought into Nigeria. The decision was made…
Local Allegations of Budget Padding Cause Panic Among Senators March 11, 2024 Ekemini Uba A former deputy leader of the Senate and current lawmaker from Bauchi State, Abdul Ningi, has stirred up controversy by alleging that the 2024 national budget was padded with approximately…
Local Nigerian Workers Await New Minimum Wage March 11, 2024 Ekemini Uba Lqst Thursday marked the commencement of discussions on the new minimum wage across Nigeria, sparking hope among Nigerian workers. The Tripartite Committee on the National Minimum Wage initiated public hearings…
investment Local Vitafoam Nigeria Plc Shareholders Approve N1.95 Billion Dividend March 11, 2024 Ekemini Uba At the 62nd Annual General Meeting (AGM) of Vitafoam Nigeria Plc in Lagos, shareholders unanimously approved the company’s initial declared dividend of N1.95 billion. Despite the harsh operating environment affecting…
insurance Local African Alliance Vows to Prioritize Stakeholder Satisfaction March 11, 2024 Ekemini Uba African Alliance Insurance reaffirms its dedication to surpassing the expectations of its stakeholders, particularly during these challenging times. The company is actively striving to enhance the well-being of its shareholders…
Local Trade Demand for Transpower, FBNH drive NGX ASI up by 2.61% March 11, 2024 Ekemini Uba Nigeria’s stock market witnessed a resurgence of positive sentiments fueled by strong demand for shares of Transpower, FBN Holdings, and MTNN. The All Share Index (ASI) recorded a notable 2.61%…
Local President Tinubu Orders Return of Seized Food Items to Owners March 11, 2024 Ekemini Uba President Bola Tinubu has instructed the Nigeria Customs Service (NCS) to return food items seized at various border communities to their rightful owners, with the condition that the items must…
Local Bank of Industry Disburses $6.02 Million to Women March 11, 2024 Ekemini Uba The Bank of Industry (BOI) has announced the disbursement of $6.02 million out of its $10 million investment commitment to Alitheia Fund, aimed at supporting gender equality and enhancing women’s…
Business Local Exchange Disparity Narrows to 0.4% March 11, 2024 Ekemini Uba Following recent market reforms and interventions by the Central Bank of Nigeria (CBN), there are indications of improvement in the exchange rate situation, with the disparity between the Nigerian Autonomous…
investment Local AfDB President Unveils $25 Billion Agriculture Investment Plan March 11, 2024 Ekemini Uba Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), is committed to tackling Africa’s food insufficiency challenge head-on. He has developed strategic investment frameworks tailored to address specific food…
Local Nigeria’s Inflation to Reach 30.3% by Year’s End- EIU March 11, 2024 Ekemini Uba The Economist Intelligence Unit (EIU), a renowned London-based firm specializing in forecasting economic trends and political dynamics worldwide, has projected that inflation in Nigeria will surge to 30.3% before the…
Local PenCom Denies Granting N10 Trillion Loan to FG March 11, 2024 Ekemini Uba Mrs. Aisha Dahir-Umar, the Director-General of the National Pension Commission (PenCom), refuted reports claiming that the commission provided a N10 trillion loan to the federal government, describing such reports as…
Local Airline Operators Face Decline in Domestic Passengers March 11, 2024 Ekemini Uba Nigeria’s airline operators are experiencing a challenging period characterized by a decline in the number of domestic passengers, as revealed by recent findings from Daily Trust. Airport terminals across the…
Local Tinubu Signs Executive Orders on Oil, Gas Reforms March 7, 2024 Ekemini Uba President Bola Tinubu has signed new rules to make Nigeria a prime destination for investments in the oil and gas industry in Africa. He made this decision after discussing extensively…
World African Startups Raised $217 Million in February 2024 -Report March 7, 2024 Ekemini Uba In February 2024, startups across Africa received a remarkable $217 million in investments, marking a significant surge of 182% from January’s $77 million. The data comes from ‘Africa: The Big…
