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Oil Rebounds Ahead of OPEC+ Meeting Ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies (OPEC+) rescheduled meeting for Nov. 30, global prices of crude ascended moderately after falling below $80 per barrel. Brent price rose by 0.79% to $80.50 per barrel from the closing price of $79.87 a barrel in the previous […]

Adobe, Figma Deal Bad for Innovation- UK Regulator The United Kingdom (U.K) Competition and Markets Authority said it has provisionally found Adobe’s planned $20 billion acquisition of collaboration software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers. The regulator said Tuesday that, following a detailed Phase […]

Banking Stocks, MeCure Drive Midday Rally on NGX The Nigerian Exchange (NGX) rides on buying waves due to equities investors’ improved buying sentiments on Mecure and banking stocks, detail from Alpha Morgan Capital Limited shows. Traders said in their midday report on the local bourse that FBN Holdings and UBA are the major drivers of […]

Nigeria Eurobond Yield Rises as FPIs ‘Disengage’ Nigeria’s US dollar bonds benchmark yield rose by 2 basis points over risk-off sentiment exhibited by foreign portfolio investors (FPIs) in the market on Monday. The bearish outing witnessed in the Eurobond segment occurred despite notice that the Nigerian government is in the midst of driving economic reform […]

Zenith Bank to Open Subsidiary in France Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France, Nigeria’s most capitalised lender said in a statement. The MoU, which was signed by the Founder and Chairman of Zenith Bank Plc, Jim Ovia, […]

Reps Threaten to Hand Over NCAA Management to EFCC Over Missing N43bn Revenue The House of Representatives has threatened to hand over the management of Nigeria Civil Aviation Authority (NCAA) to Economic and Financial Crimes Commission (EFCC) over alleged missing N43 billion revenue generated in 2022. Rep. James Faleke, Chairman, House Committee on Finance, issued […]

It’ll Cost $13.5T to Achieve Carbon Neutral Future – Report Transitioning to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectors, according to a new World Economic Forum report. The Net-Zero Industry Tracker 2023, published in collaboration with Accenture, takes stock […]

FEC Approves NGN27.5T Appropriation Bills For 2024 The Federal Executive Council (FEC) has approved the 2024 appropriation bill of N27.50 trillion for the 2024 budget with a N1.5 trillion increase from the earlier estimated bill. The government had proposed N26.2 trillion earlier but had reviewed the Medium Term Expenditure Framework (MTEF) that was approved by […]

Nigerian T-Bills Yield Climbs after Auction Rates Repricing The average yield on Nigerian Treasury bills climbed marginally amidst cold trading activities in the secondary market. Transactions conducted on bills in the secondary market were influenced by a recent increase in spot rates on 91- and 182-day Treasury bills by the apex bank. In addition, market […]

*Alleges Denial of Fair Hearing By Supreme Court The Labour Party (LP) has expressed outrage over the manner in which the Supreme Court handled its appeal challenging the victory of the All Progressives Congress (APC) presidential candidate, Bola Tinubu, in the 2023 elections. In a strong-worded press statement on Thursday, the LP said it was […]

An Oyo State High Court sitting in Awe, Afijio Local Government, has adjourned the hearing of the case filed by the nine Atiba royal families against the Oyo state government and kingmakers (Oyomesi) over the vacant stool of Alaafin of Oyo. Justice Ladiran Akintola, on Tuesday, November 28, adjourned the hearing of the case till […]

The House of Representatives, on Tuesday, resolved to investigate the alleged failed attempts by the Economic and Financial Crimes Commission (EFCC) to forcefully remove a former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, from the custody of Nigeria Correctional Service (NCoS) at its Kuje Custodial Centre in Abuja in defiance to a subsisting […]