admin

Nigeria Customs Adjusts Exchange Rates on Import Duties The Nigeria Customs Service has adjusted the exchange rates for import duties on goods coming to the country.  The adjustment comes as the apex bank devalued the local currency. The authority is putting efforts together to drive local economic growth and boost FX inflows. Details from the […]

Nigeria US Dollar Bonds Yield Rises to 10.2% Selloffs experienced at the international debt capital market on Nigeria’s sovereign Eurobonds market segment provoke a marginal spike in the yield curve. Foreign investors’ heightened risk-off sentiment prevailed across the yield curve, resulting in a 3 basis points increase in the average yield to 10.20%, Cowry Asset […]

Demand for Treasury Bills Drag Yield Below 9% The latest buying interest in the secondary market on Nigerian Treasury bills dragged the average yield down 10 basis points to 8.85%. In a note, Cordros Capital Limited said the average yield dipped at the short (-33bps) end following buying interests on the 35-day to maturity (-233bps) […]

Naira Skids as 24hrs Banks FX Offload Disappoint The Naira depreciated by 0.43% against the US Dollar in the Nigeria autonomous window, closing at a rate of ₦1461.90 as foreign currency scarcity persists. There is a signal that deposit money banks 24 hours FX sales requested by the apex bank failed to upturn FX scarcity […]

Airtel Africa Posts Negative EPS as FX Loss Damaged Results Earnings plunged as telecommunication company Airtel Africa Plc.’s nine months of the financial year 2024 financials showed a 1.4% decline in revenue to US$3.86 billion from US$3.91 billion posted in the comparable period in 2023, details from its financial statement showed.   Its earnings per […]Read More

CBN Removes Restrictions on Exchange Rates Quote by IMTOs The Central Bank of Nigeria (CBN), has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). This is according to a circular signed by Dr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN, addressed to IMTOs and […]

Police yesterday arrested a witness of one of the five April 5, 2018, bloody Offa, Kwara state robbery suspects, Omolara Ogundiran in court premises. Omolara, a graduate of Ire Poly, Osun state, is the younger sister of the fifth defendant, Niyi Ogundiran, who is standing trial in the robbery case. She was taken away around […]

The absence of prosecution witnesses on Friday stalled the trial of Mamman Nasir Ali, son of the former Chairman, People’s Democratic Party (PDP), Ahmadu Ali, over alleged N2.2 billion subsidy fraud before an Ikeja Special Offences Court. Other defendants in the suit are Nasaman Oil Services Limited, one Christian Taylor and Oluwaseun Ogunbambo (now at […]

Ondo state governor, Lucky Aiyedatiwa, has nominated former aides of late Governor Oluwarotimi Akeredolu as his commissioners and special advisers. Those who were nominated were said to have backed Aiyedatiwa during the political imbroglio that rocked the state before the death of Akeredolu. Those whose names were forwarded to the State House of Assembly for […]

The President of the National Industrial Court, Hon. Justice Benedict Kanyip, PhD, OFR has received a court-room donation from the Ogun State Judiciary and expressed that the ultimate desire of the Court is to have a full fledge division in the State for effective administration of justice, and happy that the Chief Judge of Ogun […]

The newly-sworn in Attorney-General and Commissioner for Justice of Delta State, Mr. Ekemejero Ohwovoriole (SAN), says the administration of Sheriff Oborevwori will adhere to the rule of law in the governance of the state. Ohwovoriole, however, called on Deltans to sustain their adherence to the rule of law at all times, gave the assurances on […]

In an attempt to boost Alternative Dispute Resolution (ADR), the Plateau State Multi Door Courthouse (PMDC) has organized a one-day orientation training for members of the body of neutrals The primary objective of the programme is to provide a comprehensive orientation for members of the body of neutrals on the essential roles they play in […]