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Damilola Chef Dami Adeparusi has been released on bail after she turned herself in to the police in Ondo for interrogation. Dami, who became a viral sensation after she completed a 120-hour cooking marathon in June, was invited by the police following a petition filed against her by Adegoke Jeremiah, the founder of Spirit World […]

The Council of Legal Education (CLE) has placed a 5-year moratorium on admission of students into the Faculty of Law at Baze University Abuja over consistently exceeding approved quotas since 2017. In a statement on Thursday, the CLE disclosed that Baze University has admitted over 750 law students, more than 15 times its approved quota […]

President Bola Tinubu has approved the appointment of eight new federal Permanent Secretaries. A statement on Friday evening by Special Adviser to the President on Media and Publicity, Ajuri Ngelale, explained the new appointments followed the recent selection process by the Office of the Head of Civil Service of the Federation. According to the statement, […]

Oil Slumps as OPEC+ Shifts Meeting Over Disagreement Crude oil prices tumbled after the anticipated OPEC+ meeting, during which member producers are expected to decide production quotas for 2024, was postponed to Nov. 30. Brent crude fell 1.5% to US$80.72 per barrel and West Texas Intermediate crude lost 1.4% to US$76.02/b at last look early […]Read More

CBN Sells Nigerian Treasury Bills at Higher Rates The Central Bank of Nigeria (CBN) adjusted spot rates on Treasury bills by 100 basis points at the just concluded primary market auction, according to the results. A slew of fixed interest securities asset traders expected demand to remain solid in spite of the liquidity position in […]

Unity Bank, Cashtoken Partner to Reward Customers Unity Bank Plc and Cashtoken, have announced a partnership to deploy a patronage reward product that will see the Bank’s customers winning millions of Naira in cash rewards, guaranteed instant cashback, and offer a life-changing opportunity. Cashtoken is a Cash Reward-as-a-Service company that operates a loyalty programme designed […]

Treasury Bills Yield Steadies as CBN Reprices Rates Trading activities on Nigerian Treasury bills ended in a quiet mood amidst declining liquidity in the financial system. Fund managers and other market participants shifted focus to the primary auction. At the auction, the CBN offered N211.71 billion across the standard maturities. While demand was strong, as […]

Bauchi Govt. to Construct 200 Kilometres of Roads With N100bn – Commissioner The Bauchi state Commissioner for Information and Communication, Mr Usman Garba, says that the state government has concluded plans to commence the construction and rehabilitation of 200 kilometres of roads at a cost of N100 billion. Garba, who disclosed this on Thursday while […]

Foreign Investors Increase Position in Nigeria Eurobonds As risk-off sentiment doused, foreign investors increased their position in Nigerian sovereign US dollar bonds. The trading pattern observed in the international market showed that US Treasury yields have been swinging following the Federal Reserve’s decision to maintain the status quo on rates. The market has been reacting […]

OPEC+ Shifts Meetings to November 30 The November ministerial meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) has been postponed, the oil group said in a statement on its website. The minister had been scheduled to meet told hold in Vienna on Saturday and Sunday before the shift, according to […]

SMEDAN, Sterling Bank Earmark N5bn Loan for SMEs The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses. The Director-General of SMEDAN, Mr Charles Odii, said this during the signing of a Memorandum of Understanding (MoU) between the parties on Wednesday in Abuja. […]

Niger Republic junta led by General Abdourahmane Tchiani has sued authorities of the Head of State and Government of the Economic Community of West African States (ECOWAS) over sanctions levied by the West African bloc on the country following the takeover of power by the military. The coup leaders asked ECOWAS court to immediately lift […]