admin

Zambia, Official Creditors Agree on Debt Treatment Under G20 Framework The Government of the Republic of Zambia has announced that it has reached an agreement on a comprehensive debt treatment with its Official Creditors under the G20 Common Framework. In a statement, the country said this landmark achievement is a significant step towards restoring long-term […]

Stock Market Expands Further as FBNH, Geregu Rally The Nigerian Exchange (NGX) inched higher on Thursday as equities investors position on FBNH, Geregu, and Zenith Bank among other value stocks in the local bourse. Over the last four days, sentiments remained positive as the local bourse recorded straight gains while year-to-date return continues to race […]

Naira Sold Around N765 at Official, Parallel Market Nigeria’s naira traded near its market equilibrium level as exchange rates across the markets converged around N765 band per United States (US) dollar on Thursday amidst mixed demand, according to the FDMQ Exchange quotation. At the Central Bank of Nigeria’s (CBN) investors, and exporters’ FX window, the […]

FAAC Shares N786bn May Revenue to FG, States, LGCs The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to Federal Government, States and Local Government Councils (LGCs). This is according to a communiqué issued at the end of the FAAC meeting for June, chaired by […]

FG Assures Nigerians of Improve Power Supply Permanent Secretary, Ministry of Power, Mr Temitope Fashedemi says the Federal Government is making efforts to improve further, stabilise and sustain power supply. Ms Chinwe Udouwem, spokesperson of the ministry stated in Abuja on Thursday that Fashedemi made the declaration when the Special Adviser to President Bola Tinubu […]

Court Fines L.M. Ericsson N800m Over Breach of Contract A FCT High Court has awarded a cumulative fine of N800 million against L.M. Ericsson Nigeria Ltd, a foreign international company, for breaching a contract it entered with a Nigerian firm, Aqua Oli Nigeria Ltd, in 2006. Justice Chizoba Orji, in her judgment, held that though […]

FIRS Partners With Market Traders Association of Nigeria For VAT Remittance The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the FIRS from the country’s markets, especially in the informal sector. The Association which has a membership of well […]

Africa’s External Debt to Hit $1.13trn in 2023 – Adesina The total external debt of Africa was estimated at $1.1 trillion in 2022. This is expected to rise to $1.13 trillion by 2023, Dr. Akinwumi A. Adesina, President of the African Development Bank Group, said in his keynote speech at the Paris Club on June […]

A submersible carrying five people to the Titanic imploded near the site of the shipwreck and killed everyone on board, authorities said Thursday, bringing a tragic end to a saga that included an urgent around-the-clock search and a worldwide vigil for the missing vessel. Coast Guard officials said during a news conference that they’ve notified […]

The Kaduna State Governorship Election Petition Tribunal was on Thursday told that the Independent National Electoral Commission had yet to produce the certified copies of the March 18th governorship result sheets in which Uba Sani was declared the winner. A senior Advocate of Nigeria, Oluwale Iyamu, one of the lead counsels to the Peoples Democratic […]

The Plateau state House of Assembly has approved N15 Billion naira loan request by the Plateau State Governor Barr. Caleb Mutfwang to enable him pay outstanding salaries and procure agricultural facilities for farmers in the state. The Speaker of the 10th Assembly Rt. Hon. Moses Sule read a communication received from the Executive Governor of […]

The Independent National Electoral Commission (INEC) says it will hold a post-elections review for the just-concluded 2023 polls from July 4 to August 5, 2023. In a statement on Thursday by the commission’s spokesman, Festus Okoye, the electoral umpire said the review will commence with a meeting of the Resident Electoral Commissioners (RECs) and end […]