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AfDB Approves  2024-2029 Development Priorities for Zambia  The Board of Directors of the African Development Bank Group (AfDB) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The […]

Oil Prices Surge as Geopolitical Pressures Linger Crude oil prices climbed again on Tuesday as the commodity market continued to rally amidst geopolitical tensions. ICE Brent crude rose by 21 cents to $90.59 on Tuesday. US West Texas Intermediate inched higher by 14 cents to $86.57 at the same time. Mexico cutting oil exports will […]

UBA Declares N2.40 Dividend as Profit Rises Sharply to N757.7bn In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing exceptional and impressive performance across all its major indicators. The 2023 financials, filed by the Bank at […]

Nigeria Bonds Yields Skid as Investors Raise Bets The Federal Government of Nigeria (FGN) bonds rallied in the secondary market as investors continue to take large bets amidst elevated yields in the fixed income space. With expectation that inflation will cross 32% in March readings, investors are still hoping to see catalysts that will drive […]

Returns on Nigerian Treasury Bills Slide Ahead of Inflation The average yield on Nigerian Treasury bills declined as demand for short-term investment increase in the secondary market. There was a spur in Treasury bills demand in the market on Monday as investors’ exited position in the equities market. This plunge yields on bills lower ahead […]

Naira Trades at N1230 at Official, Parallel Markets after FX Boost The Naira strengthened by 1.63% in the foreign exchange market, ending at ₦1,230.61 per US dollar in the official market over sustained FX boost. Pressure has eased as US dollar demand at Nigerian autonomous FX market tracks behind volume of US dollars and other […]

African Economies to Grow at 3.4% in 2024- World Bank The World Bank has projected that growth will rebound in African economies from 2.6 per cent in 2023 to 3.4 per cent in 2024 and 3.8 per cent in 2025. This is contained in a statement issued by the World Bank on its latest Africa’s […]Read More

Inflation Rate Slows to 4.5% in Namibia The annual inflation rate in Namibia softened for the second month to 4.5% in March 2024, according to statistics office, the lowest in eight months, compared with February’s reading of 5%. Naira Slides as Nigerians Import Appetite Rises Prices increased at a slower pace for some consumer price […]

The vetting committee of the All Progressives Congress (APC) has cleared Ondo State Governor, Lucky Aiyedatiwa, to stand for screening ahead of the party’s forthcoming primary election. The committee also cleared the remaining 15 governorship aspirants who obtained nomination forms. The cleared aspirants are now fit to face the party’s Screening Committee. In reaction to […]

The Electoral Committee of the Nigerian Bar Association (ECNBA) has extended an invitation to all prospective candidates who submitted nomination forms for the upcoming NBA 2024 Elections to attend the opening of nominations ceremony. The event, which marks the commencement of the next stage of the electoral process, is scheduled for Monday, 15th April 2024, […]

Baring any last-minute change, the national chairman of the All Progressives Congress (APC), Dr. Abdullahi Umar Ganduje; his wife, Professor Hafsat Ganduje; his son, Umar Abdullahi, and six other persons are to be arraigned before a Kano State High Court on April 17, 2024. According to a writ of summon, they are being arraigned for […]

The Nigeria Centre for Disease Control and Prevention (NCDC) has confirmed the outbreak of a disease of unknown origin in Sokoto state. The director general of the agency, Dr Jide Idris, said so far, a total of 164 suspected cases have been identified in six (6) wards of Isa local government area in the following […]