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Governor Hyacinth Alia of Benue State, on Friday, urged his predecessors including, Chief Samuel Ortom, to refrain from interfering in his administration, warning that he would not allow anyone to destabilise his government. Our correspondent reports that Ortom while in his speech during his 63rd birthday anniversary marked with a public lecture in Makurdi on […]

Nigeria US Dollar Bonds Yield Crossed 10% Nigeria US dollar bonds face random sell pressures in the international securities market due to fresh risk off sentiment, lifting average yield above 10%, marking four months high in 2024. Investors holding Nigeria’s sovereign Eurobond dumped some assets US Fed indicates plans to keep rate high for longer […]

Nigerian T-Bills Yield Slumps by 2.60% as Liquidity Rises The average yield on Nigerian Treasury bills spiral downward strongly following buying momentum in the secondary market. The yield contraction occurred as market participants the central bank midweek auction took lost bids to the secondary market for refill. At the auction, the apex bank reduced spot […]

CIBN, partners advocate PAPSS adoption for Africa’s $3trn market. The Chartered Institute of Bankers of Nigeria (CIBN) says adoption of cross-border payment systems will boost trade and fast-track projected three trillion dollars borderless market needed to reverse poverty in Africa. Mr Ken Opara, President, CIBN,  said this on Thursday in Lagos at a road show […]

Buying Interest in Transcorp Names, MTNN Changed Market Direction The equities market halted its bearish trade due to renewed interest in Transcorp names (Transcorp Hotels Plc and Transcorp Plc) listed on the Nigerian Exchange, supported by MTN Nigeria recovery from selloffs. The buying interest altered equities market direction after midday report suggest the bears are […]

Naira Depreciates Further as FX ‘Paparazzi’ Slows Nigeria’s negative volatile local currency, the naira, suffered moderate value depreciation in the official window Thursday as FX paparazzi continues to slowdown. For weeks, exchange rate had maintained uptrend at the Nigeria’s autonomous foreign exchange market, reflecting low pressure from the informal currency market. The apex bank has […]

Tomato Production: FG Distributes Inputs to Farmers in North East The Federal Ministry of Agriculture and Food Security, on Thursday, distributed tomato seedlings, diseases and pest management packs to farmers affected by Tuta Absoluta (tomato disease) in Gombe, Bauchi and Borno States. Speaking during the event, held in Gombe, Engr. Abdullahi Abubakar, Director, Federal Department […]

Tariff Hike: Price Control Contradicts Economic Realities –Telcos Telecom operators in Nigeria have on Thursday urged the Federal Government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges. The appeal was made in a joint statement by the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and Association of Telecommunication Companies of […]

JAMB Extends 2024 Direct Entry Registration Again  The Joint Admissions and Matriculation Board (JAMB) has announced that the registration for Direct Entry has been extended till a later date. Dr Fabian Benjamin, Public Communication Advisor of the board, stated this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos. According […]

Alake Woos Foreign Investors with Mining Incentives, Policies The Minister of Solid Minerals Development, Dr Dele Alake has described Nigeria as Africa’s choice mining investment destination to Australian investors. He said that was due to its incentives and policies designed to promote ease of business in the sector. Alake made this statement while virtually making […]

Queue: NNPCL Resolves Logistics Issues in Fuel Supply The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were a result of logistics problems.  The […]

Justice Obiora Egwuatu of a Federal High Court in Abuja has adjourned till June 19, for judgment in a suit seeking the sack of Mr Ola Olukoyede as the Chairman of the Economic and Financial Crimes Commission (EFCC). The judge fixed the date for judgment after lawyers representing parties adopted and argued their briefs of […]