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Uganda Keeps Lending Rate at 9.5% Uganda’s apex bank maintained the status quo on its benchmark lending rate at 9.5 per cent on Wednesday, saying the risks to inflation have persisted despite easing food prices. The decision to keep the rate at 9.5% was the second “hold” decision in a row. Inflation rose to 2.6% […]Read More

Oil Prices Mixed Amidst Uncertainties Oil prices diverge as uncertainties in the global market extend ahead of Yuletide. ICE Brent inched higher by 0.10% to $77.28 per barrel from the closing price of $77.20 a barrel in the previous trading session on Tuesday. The American benchmark, West Texas Intermediate (WTI), traded at the same time […]

Reps Move to Boost Human Capacity in Oil, Gas Sector Nigeria: The House of Representatives has resolved to improve local human capacity in the oil and gas industry to address capital flight in the country. Rep. Thomas Ereyitomi, Chairman of the Committee on Petroleum Resources, Training Fund, said this at the inauguration of members of […]

AXA Mansard Releases Earnings Forecast for Q1-2024 AXA Mansard has released its 2024 first quarter earnings forecast with the insurance company hoping to see after tax profit at about N1.67 billion. The insurance company estimated that its revenue for the period would hit N24.87 billion amidst an expectation that cash flow from operating activities would […]

Nigeria Market Sees Intraday Gain as Banks Stocks Trend The equities segment of the Nigerian Exchange (NGX) has further climbed due to rising interest in banking stocks amidst an expected year-end Santa Claus rally. In a midday report by Alpha Morgan Capital, stockbrokers told investors that the Nigerian Exchange All-share index has inched higher by […]

The prosecution announced the closure of its case on Wednesday in the trial of the former governor of Benue state, Gabriel Suswam, and the finance commissioner during his tenure, Omadachi Oklobia before a Federal High Court in Abuja. Suswam and Oklobia are accused by the Economic and Financial Crimes Commission (EFCC), in an 11-count amended […]

The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has lamented that “seven out of 10 Nigerian students are involved in cybercrimes”. Olukayode while speaking with a delegation from Daar Communication PLC on Monday at EFCC headquarters in Jabi, Abuja, stated that the rate of Nigerian youth involved in cybercrimes is alarming. […]

The Lagos State High Court will proceed on its annual Christmas vacation from Friday, December 22, 2023 to Monday, January 1, 2024. This was announced in a statement by the State Chief Judge, Hon. Justice Kazeem Alogba. He said the vacation period was approved following Order 49 Rules 4(C) and 5 of the High Court […]

A recent stress test by the Central Bank of Nigeria (CBN) has uncovered a concerning revelation on the Capital Adequacy Ratio (CAR) among prominent Deposit Money Banks (DMBs) holding international authorisation. The banks mentioned in the CBN’s quarterly economic report are: Access Bank Plc, Fidelity Bank Plc, First City Monument Bank Limited, First Bank of […]

The Ooni of Ife, Oba Adeyeye Ogunwusi, has refuted reports that he visited embattled former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele at Kuje jail. The monarch’s spokesperson, Moses Olafare, told reporters on Wednesday that Oba Ogunwusi was at the prison on behalf of Hopes Alive Initiative, HAI, a non-governmental organisation that […]

The Solicitor General of the Federation and Permanent Secretary, Ministry of Justice, Beatrice Jeddy-Agba, has called on judges and prosecutors in the country to ensure full implementation of the Anti-Torture Act (2017). Beatrice, who was represented by Mrs. Roseline Tasha, spoke at a workshop for judges and prosecutors organised by Sterling Law Centre on Tuesday […]

The National Judicial Council, at its 104 Meeting of 6 December 2023 considered the list of candidates presented by its Interview Committee and at the end of deliberations, recommended the under-listed names of successful candidates as Heads of Courts and other Judicial Officers for the Federal and State Courts in Nigeria. According to NJC spokesman […]