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Treasury Bills Sales Decline as CBN Slashes Spot Rates Spot rates on Nigerian Treasury bills (CBN) declined as demand faltered due to robust liquidity in the financial system at the time when the apex bank conducted its midweek primary market auction. Thus, trading activities in the secondary market were relatively quiet, as market players took […]

Nigeria’s 10-Year Bond Yield Slides to 12.94% The average yield on Nigeria’s 10-year bond declined to 12.94% midweek due to increasing demand for the paper by local investors in the fixed income market. With the inflation rate level at 22.04%, the real return on naira-denominated investment securities assets remains exposed. The bond market is enjoying […]Read More

Naira Depreciates by 0.17% over Increase in FX Demand The Naira depreciated against the dollar on Wednesday, exchanging for N463.02 at the investors’ and exporters’ window. The local currency however traded steadied at the open market amidst devaluation expectations. The rate represents a decrease of 0.17 per cent when compared to the N462.25 it exchanged […]

Stakeholders yesterday met in Port Harcourt, the Rivers State capital to brainstorm on how to promote compliance with the Nigerian Port Process Manual (NPPM) and Standard Operating Procedures (SOPs) on vessel clearance in Eastern Ports. The regional stakeholders meeting was the brainchild of the Maritime Anti-Corruption Network (MACN) and Convention on Business Integrity (CBI Nigeria) […]

Apparently unsettled by the growing protests by aggrieved aspirants to the 10th National Assembly presiding offices, the governing All Progressives Congress (APC) has agreed to revisit the zoning of the four presiding offices. Bowing to pressure, national chairman of the party, Senator Abdullahi Adamu, assured aspirants for the Senate presidency, who stormed the party’s national […]

The Federal High Court in Abuja has ordered the Central Bank of Nigeria to release information concerning the volume of dollars given out at N305 as well as the sectors and schemes that had been benefiting from the N55 difference to Incorporated Trustees of HEDA Resource Center. The court held that the failure of the […]

OBSCURE LEGAL FACTS BY AROME ABU In Nigeria, a non-pharmacist can partner with a registered pharmacists to operate a retail pharmacy. However, a non-pharmacist cannot wholly own or operate a retail pharmacy. See Regulation Regulations and Licensing of Pharmaceutical Premises Regulation 2021. Arome Abu is the Managing Partner of TCLP. CAVEAT: Note that this information […]

A Sharia Court in Kaduna, yesterday ordered a woman, Fatima Muhammad, to return the N80,000 received as dowry in exchange for divorce. The Judge, Malam Muhammad Adamu-Shehu, gave the ruling after the complainant told the court that she wanted to redeem herself from the marriage and was ready to return the dowry. He advised her […]

The Federal Government has asked state governors to establish their own correctional services and also build their custodial centres, saying that the law has empowered them to do so. Speaking at a two-day conference on Decongestion and Corrections Administration in Abuja on Thursday, the Minister of Interior, Rauf Aregbesola, lamented that the congestion of custodial […]

*As Wike, G-5 Colleagues Shun Party Govs. Award Ceremony The Presidential Candidate of the Peoples Democratic Party in the 2023 Election, Atiku Abubakar has declared that despite what the ruling All Progressives Congress would like Nigerians to believe, he did not lose the presidential election. Atiku said this in an address to outgoing and incoming […]

The ruling Democratic party has introduced a Citizenship Act, which among other things, seeks to eliminate the country-quota for green cards and make changes in the much sought-after H-1B visa system. The US Citizenship Act 2023 introduced by Congresswoman Linda Sanchez creates an earned roadmap to citizenship for all 11 million undocumented immigrants, providing Dreamers, […]

The Chief Justice of Nigeria and Chairman, Board of Governors of the National Judicial Institute, Justice Olukayode Ariwoola, has said a secure maritime domain is vital to economic development and advancement. Ariwola said the judiciary had a role to play in all legal forms of the fight against piracy. According to a statement, the CJN […]