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Egypt Acute Fiscal Challenge Provokes Debt Restructure -Note Egypt is facing pressures from government’s rising external debt service schedule, which will peak at almost $30 billion in calendar 2024, Moody’s said in a note just recently. Government revenue record has been unimpressive with key macroeconomic indicators nosediving. Like Ghana, the Egyptian may result in debt […]

FX: Nigerians’ Applications to UK Universities Fall –Moody’s Applications from Nigerians seeking to enter universities in the United Kingdom (UK) have dropped sharply due to a sharp devaluation of the Nigerian naira which pushed the exchange rate higher, in addition to adjustment to visa policy, Moody’s said in an update. The rating firm said the […]

Country Risk Atlas: Nigeria’s Economy to Grow by 3% in 2024 –Allianz Allianz Trade’s Country Risk Atlas estimated Nigeria’s economy would grow by 3% in 2024, slightly more than the 2.9% growth of 2023. This growth rate is broadly in line with the global average but falls approximately 1 percentage point below the forecast for […]

Explore LG Electronics Latest Gadgets for Your New Home LG Electronics continues to set new standards in consumer electronics with the unveiling of its latest lineup featuring sleek, minimalist designs tailored to enhance the modern lifestyle. In a world where technology seamlessly integrates into daily routines, LG Electronics understands the importance of design that not […]

Weak Naira Reduces Nigerians Interest in UK Universities – Moody’s Applications from Nigerians seeking to enter universities in the United Kingdom (UK) have dropped sharply due to exchange rate pressures, Moody’s said in an update. The rating firm said the increase in international applicants demonstrates the strength of the UK’s higher education brand, despite affordability […]

FBNH Sees Fresh Valuation Surge After Earnings Beat Tier-1 banking heavyweight FBN Holdings Plc has reunited with the big gangs in the stock market as the financial services company’s market valuation surged past N1 trillion. Several listed companies’ stocks set new records in the local bourse, boosted by sentiments rather than corporate earnings performance. At […]

Nigeria Registers $30bn Investment Commitments The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, says Nigeria currently has about 30 billion dollars in investment commitment from various investors. Uzoka-Anite said this at the ongoing Ministerial Media briefing in Abuja. According to her, the commitments will be redeemed over the course of five to eight […]

Airtel Africa Surged Ahead of March Share Buyback The market value of Airtel Africa rose by 10% to N8.267 trillion following large daily transactions on the telecom company’s share ahead of its March 2024 share buyback plan.  According to data from the Nigerian Exchange, the telco’s 3.71 billion shares outstanding rose 10% to settle at […]

BUA Announces 50% Salary Increment for Staff Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board. Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources. The memo quoted BUA […]

Catholic Bishops in Nigeria have expressed disagreement with the position of Pope Francis on the blessing of same-sex couples. The Pope’s stance could be translated as endorsement of same-sex marriage by the Church. In a speech delivered by President of Catholic Bishops’ Conference of Nigeria (CBCN), Most Rev. Lucius Iwejuru Ugorji, at the formal opening […]

The Catholic Bishops Conference of Nigeria (CBCN) on Sunday condemned the recent reforms of the current administration, saying Nigeria is experiencing the worst times, especially in the areas of security and the economy during the administration of President Bola Tinubu. “If we cast a cursory glance at the present state of our nation, we are […]

The crisis rocking Labour Party (LP) has taken a new dimension as chairmen of the party in the 36 states of the country have unanimously passed a vote of no confidence on factional national chairman of the labour party Barrister Julius Abure. The stand of the Chairmen was disclosed by the Plateau State Chairman, Solomon […]