Interest on Short Term Borrowing Exceeds FG Bond Rates
Interest on Short Term Borrowing Exceeds FG Bond Rates The central bank priced 364-day treasury bills at 19% while the average stop rate printed at 18.75% at the debt management…Read More
Liquidity Squeeze: Banks Borrow N1.4trn from CBN on Friday
Liquidity Squeeze: Banks Borrow N1.4trn from CBN on Friday Some deposit money banks borrowed N1.4 trillion from the standing lending facility (SLF) of the Central Bank of Nigeria (CBN) standing…Read MoreOil Slides to $80 as Demand Slows
Oil Slides to $80 as Demand Slows Oil prices slid to $80 as global demand slowed down following multiple economic uncertainties. On Monday, the oil market extended the sell-off from…Read MorePlan Your Movement: Lagos Announces 24-Hour Total Closure Of Third Mainland Bridge
The Lagos State Government has released notification for the planned total closure of the Third Mainland Bridge by the Federal Ministry of Works. A statement from the Commissioner for Transportation,…Read MoreLabour, FG Meeting Ends In Deadlock, Nationwide Protests To Go Ahead
The meeting between representatives of the Federal Government and the Nigeria Labour Congress (NLC) has ended in stalemate. In last-minute efforts to prevent the protest, Secretary to the Government of…Read MoreUniversal Music Group Acquires Majority Stake In Nigerian Label Mavin
Dutch-American music corporation Universal Music Group (UMG) has acquired a majority stake in Mavin Global, the renowned Lagos-based music company known for its pivotal role in promoting Afrobeats artists. Founded…Read MoreCAMA Breach: Court Orders 3 Indians To Pay Nigerian Octogenarian N98m For Illegal Removal As Company Director
Justice Ayokunle Faji of the Federal high court sitting in Lagos, has ordered three India nationals to pay the sum of N98.2 million and additional $325,000.00 to an 87-year-old businessman,…Read MoreFG In Last-Ditch Talks With Labour To Avert Nationwide Protests
The Federal Government is currently having a make or mar emergency meeting with the organised labour unions, including the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to avert…Read MoreIgboho Urges FG To Free Kanu, Drop Treasonable Charges Against IPOB Leader
Yoruba nation activist, Chief Sunday Adeyemo, popularly known as Sunday Igboho, on Monday urged President Bola Tinubu-led Federal Government to release the detained leader of the Indigenous People of Biafra…Read MoreFubara Appoints Justice Mary Odili As RSU Pro-Chancellor
Rivers State governor, Sir Siminalayi Fubara, has approved the appointment of a retired justice of the Supreme Court of Nigeria and wife of former Governor Dr. Peter Odili, Hon. Justice…Read MoreFCTA To Crush Over 130 Impounded Vehicles For Failing Roadworthiness Tests
The Federal Capital Territory Administration (FCTA) says it will crush some of the over 130 impounded vehicles that failed integrity tests. Abdulateef Bello, the director of the Department of Road…Read MoreLagos Igbo Leader Says IPOB Comment Was To Placate People, Didn’t Know It Was Illegal
The Eze Ndigbo of Ajao Estate, Lagos, Frederick Nwajagu, charged with terrorism, says he did not know there was a law prohibiting a person from mentioning the Indigenous People of…Read More
