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The China General Chamber of Commerce in Nigeria has reacted to the allegations that the Chinese supermarket within the premises of the Royal Choice Estate, Airport Road, Abuja, barred Nigerians from entering. A video hit social media on Sunday revealing that the Chinese supermarket officials denied access to Nigerians seeking to purchase groceries, generating a […]

A digital rights lawyer, Mr. Frank Ijege, has filed a lawsuit challenging the Nigeria Data Protection Commission’s (NDPC) powers to issue the Guidance Notice on Registration of Data Controllers and Data Processors of Major Importance. The suit, filed at the Kaduna Division of the Federal High Court with the case number FHC/KD/CS/34/2024, seeks several declarations […]Read More

A lecturer from the University of Nigeria, Nsukka (UNN) has been allegedly caught in a compromising position with a married female student inside his office. The incident, captured in a video that has gone viral on social media, has sparked outrage and calls for an investigation into the matter. The lecturer, whose identity is yet […]

President Bola Tinubu is set to embark on an official visit to the Kingdom of the Netherlands on Tuesday where he will engage in high-level discussions with Prime Minister Mark Rutte. According to a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu’s visit to the Netherlands is at the invitation of […]

Nigeria’s Inflation to Hit 34.65% in April –Firm Nigeria’s inflation has been estimated to rise, albeit, slowly in April amidst significant recovery recorded by the local currency, the naira. Inflation climbed 1.50% in a month to settle at 33.20% in March, a level seen three decade ago as market price of food items remain elevated. […]Read More

Liquidity Squeeze: Banks Borrow N1trn from CBN, Rates Rise To achieve their respective liquidity demands, some Nigerian deposit money banks queued at the Central Bank of Nigeria’s (CBN) standing lending facility to raise a total sum of N1 trillion. This is coming amidst rising interbank rates which has peaked at double digit highs following the […]

Nigeria Secures $2.2bn World Bank Loan at 1% Interest Rate Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has revealed that Nigeria has qualified for a $2.25 billion World Bank facility at 1% interest rate. He made the disclosure at a joint media briefing with the Central Bank of Nigeria (CBN), […]

Investor Lose N1.6trn as Prices of Banks Shares Plunge The Nigerian Exchange equities market capitalisation declined by more than N1.6 trillion in a week due to sustained risk off sentiment on banking stocks. The local bourse has been bleeding since five weeks due to low sentiment in the equities space. In the just concluded week, […]

Presidential CNG Set for MAY Rollout – Onanuga A presidential aide has revealed that the Presidential Compressed Natural Gas Initiative (PCNGI) is set for initial rollout to the public by the end of May. Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, announced this in a statement on Sunday in Abuja. […]

Economist Advocates PPP to Address Infrastructure Deficit Prof. Evans Osabuohien, an economist, has emphasised the need for the Federal Government to adopt Public -Private Partnership (PPP) to tackle the country ‘s infrastructure deficit. Presidential CNG Set for MAY Rollout – Onanuga Osabuohien, who is also Head of Economics Department, Covenant University, said on Sunday in […]

Recapitalisation: Access Bank Confident of Raising $300m, Says Aig-Imoukhuede Mr Aigboje Aig-Imokhuede, Chairman of Access Holdings Plc, says he’s confident that the bank would raise 300 million dollars in capital for Access Bank, considering the bank’s strong market position and shareholders’ support. Aig-Imokhuede said this in an interview on the sideline of Access Holdings’ second […]

The Kwara State government, on Sunday, confiscated beef suspected to be from 33 cows allegedly poisoned. A group known as Kwara Monitoring Group (KMG) had in a viral message on social media claimed that “over 33 number of cows were suspected to be poisoned and died immediately. But, surprisingly, the dead animals were slaughtered and […]