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The immediate past governor of Kaduna State, Nasir El-Rufai, has said the Federal Government was now paying more for fuel subsidy than before. El-Rufai disclosed this while speaking with newsmen after delivering the lead paper at a capacity-building workshop on Enhancing Skills of Government Officials in Policy Implementation and Productive Human Resource Management for political […]

Reno Omokri, a well-known social commentator, shared his insights on the arrest, trial, and imprisonment of popular Nigerian crossdresser, Bobrisky, for alleged abuse of the Naira. Omokri suggests that the Nigerian government’s actions against Bobrisky were a calculated move to curb the growing cross-dressing culture in the country while avoiding direct confrontation with Western powers. […]

The absence of the Attorney General of the Federation (AGF), Prince Lateef Fagbemi (SAN), on Monday stalled the trial of four persons alleged to have kidnapped and killed the traditional ruler of Amanze-Obowo Autonomous Community in Imo State, Eze Basil Njoku. Meanwhile, trial judge, Justice Binta Nyako of the Federal High Court, Abuja has threatened […]

The Congress of National Open University of Nigerian Students (CONS) has demanded an immediate public apology from the Senior Pastor of Dunamis International Gospel Centre, Abuja, Dr Paul Enenche, for the public humiliation of a NOUN law graduate, Mrs Anyim Veronica Nnena during church service on Sunday. The NOUN students called on Pastor Enenche to […]

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, arraigned Alaba Alakija and his daughter-in-law, Oyinkansola Alakija, before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos. A statement by the EFCC Head of Media and Publicity, Dele Oyewale, said they were arraigned on an amended two-count charge […]

Femi Falana, senior advocate of Nigeria (SAN), says the federal government needs to have a register of kidnapped, released and missing persons in the country. Falana spoke on Monday during a virtual programme to mark the 10th anniversary of the Chibok schoolgirls’ abduction organised by Women Radio 91.7fm. On April 14, Boko Haram terrorists attacked […]

Nigeria’s Bond Yield Slides Ahead of DMO Auction The average yield on Nigerian Government bonds declined moderately to 19.3% in the secondary market due to increased demand from local market participants. Improved sentiment in Nigerian financial market has helped driving demand for naira assets despite inflation surge expectation. From 31.70% reading in February, 2024 March […]

Naira Reboots as Nigeria Tames Dark Economy Spurious FX Demand The Nigerian naira has maintained firm tone across the foreign exchange markets as fear gripped currency speculators. The apex bank’s resolve to stabilize the naira has gained steam. Naira Suffers Big, CBN Goes Ballistic Against FX Whales Nigeria’s FX reform has sufficiently reduced dark economy […]

CBN Trims Interest Rate on Treasury Bill as Demand Spikes The Central Bank of Nigeria (CBN) trimmed interest rate on long tenor treasury bills sold at the primary market auction following large subscriptions from investors ahead of inflation data for March, 2024. Inflation is expected to cross 32% in March, according to Broadstreet analysts’ consensus […]

Geregu Power Outperforms Q1 Profit Expectation by 160% Geregu Power Plc outperformed its profit expectation for the first quarter of 2024 by more than 160%, according to MarketForces Africa analysts review.  Earnings per share skyrocketed by 307% year on year to N5.78 from N1.42 posted in the first quarter of 2023. Details from the Nigerian […]

Ghana Gets $360 million from IMF After Review International Monetary Fund, IMF, and Ghana government reached agreement on extended credit facility at a recent which unlocked addition loan support for the government. In a statement, IMF said its staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, held meetings in Accra during April […]

FG Unveils Plans For Inland Waterways, Coastal Services The Federal Government, through the Ministry of Marine and Blue Economy, on Sunday, said that it would soon unveil its plans for the Inland Waterways and Coastal Services in the industry. Its Minister, Mr Adegboyega Oyetola, was quoted to have disclosed this in a statement issued in […]