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The All Progressive Congress (APC) has cleared all 38 chairmanship and 177 councillorship seats in Saturday’s local government election in Ekiti state. The election was held in all 16 local government areas and 22 Local Council Development Areas and across the 177 wards in the state. Announcing the result on Sunday, December 3, in Ado-Ekiti, […]

Presidential candidate Peter Obi has criticized Nigeria’s sending of 1,411 delegates to the COP28 climate change conference in Dubai, calling it a “waste of scarce resources.” Obi noted Nigeria’s massive delegation matches that of China’s, despite China having a budget over 100 times larger along with higher development indicators. On Sunday, Obi expressed his misgivings […]

The Presidency has provided insight into the composition of Nigeria’s 1,411-member delegation at the ongoing COP28 climate change conference in Dubai. A presidential spokesman, Temitope Ajayi affirmed that not all members of the contingent are government-funded, contrary to criticisms of waste by citizens facing economic hardship. According to Ajayi, the Nigerian presence includes private sector […]

Bitcoin Moves Closer to $39,000 in Latest Bullish Run Bitcoin price moved closer to $39,000 for the first time in over a year in a latest bullish in cryptocurrency market. The rally comes as traders’ bullish bias for Bitcoin produced the best November performance since 2020. After traders digested the Binance settlement, the hype around […]

Forex: US Dollar Lost Against Trading Peers The US dollar fell against its major trading partners early Friday. The dollar bear was sustained after significant weight loss in November. Practically, the strength of the greenback was shadowed by its trading peers. Data from the forex market indicated that USDEUR rose to 1.0896 from 1.0889 on […]

Nigeria’s Oil Export Earnings to Rise After OPEC Upgrade Nigerian government revenue from crude export is expected to boost fiscal performance in 2024 following output raise from the oil group. Africa’s largest economy by size of GDP got a daily production target for 2024 raised by about 8.7% at the Organisation of Petroleum Exporting Countries […]

Naira Somersaults as CBN Rethinks ‘Dirty Float’ The naira got knocked down as local currency value spiralled downward after the Central Bank of Nigeria (CBN) abstained from intervening in the forex markets. Both black and official markets got spooked in the just concluded week amidst a sustained decline in the nation’s gross external reserves The […]

Aliyu Presents N270.1 Bn 2024 Budget Proposal For Sokoto State Gov. Ahmed Aliyu of Sokoto State on Friday presented a budget proposal of N270.1 billion for 2024 to the State House of Assembly for approval. Presenting the budget tagged: ‘’Budget of Hope and resilience for infrastructural development’’, Aliyu said that its main focus was on […]

GCR Keeps UBA Sound Ratings with Stable Outlook  GCR Ratings (GCR) has affirmed United Bank for Africa Plc’s long-term national and international scale ratings of AA+ (NG) and B respectively, with a Stable Outlook. Concurrently, GCR has affirmed the national scale short-term rating of A1+ (NG). According to the note, the ratings of United Bank […]

FirstBank Win Big Promo: 310 Customers Get N31m First Bank of Nigeria Ltd. (FirstBank) on Friday rewarded 310 customers with N31 million, as winners of the Win Big Promo for the month of November. Mr Ikemefula Nwachukwu, Head, Personal Banking, e-Business and Retail Products, FirstBank at the selection of the promo’s maiden batch winners, said […]

Nigeria, Germany Move to Accelerate Siemens Power Project Germany and Nigeria have signed an agreement to accelerate the implementation of a power project undertaken by Siemens AG and initiated in 2019 between the two governments. The project, aimed at improving the power sector in Nigeria, was to deliver 7,000 megawatts of reliable power by 2021, […]

U.S. Tightens Limits on Oil, Gas Methane to Address Pollution Sources The U.S. Environmental Protection Agency today finalized tougher clean air standards that, for the first time, establish protective limits on methane pollution from both new and existing oil and gas sources. The safeguards will reduce tens of millions of tons of climate-damaging methane and […]