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Nigeria Never Defaulted in China Loan Repayments –Debt Office The Debt Management Office (DMO) has debunked a media report that Nigeria defaulted in loan repayments to China. A statement by the DMO in Abuja on Wednesday advised the public to ignore the report as it is false. “The attention of the DMO has been drawn […]

Yellow Card Pushes for Crypto Awareness, Adoption Yellow Card, a Pan African cryptocurrency exchange platform, says it has intensified efforts in raising more awareness around crypto education to accelerate its adoption. Rachael Akalia, Yellow Card’s Regional Marketing Manager for West Africa made this known at a news conference organised in Lagos to address the media […]

Africa Pushes for Access to Clean Cooking Africa is mobilizing capital to boost access to clean cooking with a series of new deals aimed at funding energy transition projects across the continent. The African Guarantee Fund (AGF) and the Clean Cooking Alliance (CCA) recently announced a partnership that promotes investments in clean cooking companies and […]

NGX Stops Losses as GTCO, FBNH Rally The Nigerian Exchange, NGX, popped higher yesterday after losses due to selloffs in heavyweight stocks in the local bourse. With the marginal gain, the domestic equities market index was little changed as losses in financials and consumer goods stocks were offset by gains in oil and gas shares. […]

Leadway Assurance Stops Hackers Attempt on Network Leadway Assurance Limited said it detected a potential threat to its network and has promptly deployed mitigation measures to contain the cyber attack. This is contained in a statement signed by Ms Femi Olayinka, the Strategy and Innovations Manager, Modion Communications for Leadway in Lagos. The firm noted […]

Oil Slides Despite China’s GDP Growth Crude oil prices decline Wednesday despite reported improvement in China’s gross domestic product growth in the first quarter of the year. Keeping price surge in check, market analysts said there are growing concerns that major central banks will continue their monetary tightening cycle. The market switched into bearish mode […]

The Police on Wednesday arraigned an alleged fake fertilizer supplier, Murtala Malami, before the Yaba Chief Magistrate’s Court for allegedly obtaining N20.915m under false pretence. The defendant, who was arraigned before Magistrate Lydia Balogun, is facing a two-count bordering on false representation and stealing preferred against him by the police from the Force Criminal Investigation […]

The Minister of Information and Culture, Lai Mohammed, on Wednesday, said the President, Major General Muhammadu Buhari (retd.), refrained from reacting to the spectacle at the Adamawa State governorship election because he does not micromanage government agencies. He argued that it was the prerogative of the Independent National Electoral Commission to deal with the infraction […]

The Federal Government has declared Friday 21st and Monday 24th of April 2023, as Public holidays to mark this year’s EIdil-Fitr Celebration. A statement signed by the Permanent Secretary in the Ministry of Interior, Shuiab Belgore noted that the Minister, Ogbeni Rauf Aregbesola, made the declaration on behalf of the Federal Government While he congratulated […]

The Debt Management Office (DMO) has debunked a media report that Nigeria defaulted on loan repayments to China. A statement by the DMO in Abuja on Wednesday advised the public to ignore the report as it is false. A recent news report quoted the DMO as saying that Nigeria failed to fully service its debt […]

The Commandant General (CG) of the Nigeria Security and Civil Defence Corps (NSCDC), Ahmed Abubakar Audi, has summoned the Adamawa State Commandant of the Corps, Muhammad Bello, to the Corps’ National Headquarters to explain the role he played in the just concluded election in the state. A statement by the Corps spokesman, Commandant Olusola Odumosu, […]

CHAIRMAN of the Section of Public Interest and Development (SPIDEL) of the Nigerian Bar Association (NBA), Monday Ubani, has charged the association to take disciplinary actions against the suspended Resident Electoral Commissioner (REC) of Adamawa State, Hudu Ari. Ari, a lawyer, was suspended by INEC for “illegally” declaring the candidate of the All Progressives Congress […]