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Yellow Card Introduces USDC for Cross-Border Transactions Yellow Card, the largest and only licensed stablecoin on/off ramp on the African continent, is set to introduce USDC a digital stablecoin on the Stellar network, an open-source decentralised blockchain network, revolutionising cross-border payments, remittances, and treasury management globally. Empowering Financial Transactions with USDC on Stellar Yellow Card […]

Oil Prices Climb Ahead of OPEC Reports Oil prices edged up on Tuesday ahead of the Organisation of Petroleum Exporting Countries (OPEC) monthly production report. In the global market, Brent futures rose 30 cents to $82.30 a barrel. U.S. West Texas Intermediate (WTI) crude gained 31 cents to $77.23 a barrel. Despite oil prices edging […]

Nigeria’s Oil Production Hits 1.64mbpd –Report Following a move to boost government revenue, Nigeria’s oil production has increased to 1.64 million barrels per day as of January, data from the Nigerian Upstream Petroleum Regulatory Authority shows. According to data released on the website of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the December […]

Bitcoin Crosses $50,000 as Crypto Greed Index Rises The market price of Bitcoin, the world’s largest digital asset by valuation, crossed $50,000 after more than two years of hot pressures in the cryptocurrency market. Bitcoin and other cryptocurrencies marched upward Tuesday with the largest digital asset trading at its highest level in more than two […]

UK Unemployment Rate Declines to 3.8% Britain’s unemployment rate came in at 3.8% in the three months to December 2023, down by 0.2 percentage point from the prior three-month period, the Office for National Statistics said Tuesday. The latest reading is below the consensus estimate of 4%. Meanwhile, the UK employment rate rose by 0.2 […]Read More

*Urges FG To Sell Oil In Naira Not Dollars Prominent human rights lawyer, Femi Falana has urged the Federal Government of Nigeria to take decisive measures to strengthen the naira against the dollar. His recommendation includes joining the BRICS economic bloc and selling Nigerian crude to foreigners in naira rather than the US currency. Falana […]

The Nigerian Bar Association (NBA) has strongly opposed the recently signed Enhanced Trade and Investment Partnership (ETIP) agreement between Nigeria and the United Kingdom, particularly provisions allowing UK lawyers to practice in the country. NBA President Yakubu Chonoko Maikyau condemned the deal in a fiery statement on Tuesday, calling it “ridiculous, unpatriotic and uninformed.” He […]

Nigeria’s federal government moved swiftly to clarify aspects of the Enhanced Trade and Investment Partnership (ETIP) signed with the UK on Tuesday following backlash over legal services provisions. Minister of Industry, Trade and Investment Doris Uzoka-Anite stated on social media that initial reports suggesting the deal allows British lawyers to practice in Nigeria were erroneous. […]

Kwara State’s new High Court complex located in the Government Reservation Area, Ilorin, the state capital was on Tuesday engulfed by fire. The main building and offices located in the complex were damaged by the inferno. The fire which was noticed at around 7.25 am reportedly damaged the 40 offices and three open courtrooms, the […]

The United Kingdom and Nigeria signed a partnership on Tuesday aimed at boosting trade and investment, unlocking new opportunities for businesses in both countries. This collaboration, encompassing various sectors crucial to both economies such as financial and legal services, was announced in a statement released by the UK government. Initially, the partnership focused on removing […]

The panel constituted on the resolution of Osun judicial industrial disputes, on Tuesday, met for several hours on Monday, and assured its readiness to resolve the crisis within one week as directed by Governor Ademola Adeleke. The panel chaired by the Secretary to the State Government, Hon Teslim Igbalaye also has its members as, Attorney […]

The Nigerian Government has issued a two-week notice to about 43 foreign embassies and diplomatic houses in Abuja, the country’s capital city, to pay their ground rents. An advertorial published by the Federal Capital Territory Administration in the Vanguard Newspaper on Tuesday titled, ‘Re: Final Notice on Payment of Outstanding Ground Rent in the FCT,’, […]