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SEC Supports Mutual Fund With N18.2bn–Official Securities and Exchange Commission (SEC), supported growth of the Fund Management industry in 2023 with approvals for new mutual funds with N18.20 billion. According to SEC, the support also includes discretionary/non-discretionary investment products with N17.60 billion. The Director-General of the Commission, Mr Lamido Yuguda, said this while briefing newsmen […]Read More

Average Price of 5kg Cooking Gas Stood at N6,591.62 in March- NBS The National Bureau of Statistics (NBS), says the average price of 5kg cooking gas increased from N6,154.50 recorded in February 2024 to N6,591.62 in March 2024. Oil Plunged by 4% amidst Israel-Iran Power Tussle This is contained in the Bureau’s “Cooking Gas Price […]Read More

FCCPC Begins Fact-Finding Engagements in Markets to Crash Food Prices The Federal Competition and Consumer Protection Commission (FCCPC), has commenced fact-finding engagements with traders associations and marketers to determine factors responsible for the continuous hike in food prices. Ms Boladale Adeyinka, the Director of Surveillance and Investigations of the Commission, said on Friday at Masaka […]

Kerosene Price Stood at N1,354.40 in March – NBS The National Bureau of Statistics (NBS), says the average retail price of a litre of kerosene increased from N1,340.94 recorded in February 2024 to N1,354.40 in March 2024. The Bureau said this in its Diesel Price Watch for March 2024, released in Abuja on Friday. It […]Read More

Oil Plunged by 4% amidst Israel-Iran Power Tussle In the global commodity market, crude oil prices saw sharp weekly decline following Israel counterattacks against Iran while reports disclosed that the US Federal Bank (Fed) will keep interest rates higher for longer. Also, investors and economic data indicating low demand in the US, the world’s biggest […]

NNPC Ltd., First E&P Begin Crude Oil Production at OML 85 The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset. Production from the asset, also known as Madu Field, which is located […]

GCR Ratings Revised Outlook on Zedcrest Capital to Negative GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and A3 (NG) respectively, accorded to Zedcrest Capital Limited, with the outlook revised to negative from stable. In its latest rating note on the issue, GCR explained that the negative outlook […]

By Chidi Anselm Odinkalu Josiah Majebi is the fifth Chief Judge of Kogi State (in north-central Nigeria) in four years and the fourth to exist almost entirely in the pocket of the state governor. He has been in office as substantive Chief Judge since the beginning of February 2023, having acted in that role since […]

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, says he doesn’t have an account on X, formerly Twitter. Fagbemi, in a statement on Saturday by Kamarudeen Ogundele, Special Assistant to the President on Communication and Publicity, Office of the AGF, advised members of the public not to engage with handles impersonating him. […]

By Ataguba S. Aboje, Esq As someone who has served as a prosecutor for the Nigerian Bar Association before the esteemed Body of Benchers’ Legal Practitioners Disciplinary Committee, I have witnessed firsthand the grave consequences that can befall legal practitioners who fail to uphold the ethical standards imposed upon them at their call to the […]

Instagram influencer Pascal Okechukwu, known as Cubana Chief Priest, was seen at a wedding party in Abuja on Saturday transferring cash to a hype man, days after his arraignment for naira abuse. In an Instagram story shared by Davido’s logistics manager, Israel Afeare, Cubana Chief Priest, dressed in white native attire, was spotted transferring cash […]

Former Barcelona winger Emmanuel Amunike have won the race for the head coach position of the Super Eagles. According to reports, the Nigeria Football Federation, NFF, has decided to go with Amunike as the substantive head coach of the national team. The Super Eagles head coach role will be the biggest challenge Amunike has had […]