admin

The Senate President, Godswill Akpabio has named Senator Jimoh Ibrahim (All Progressives Congress, Ondo State) as the Senate Committee Chairman on Inter-Parliamentary Affairs. Senator Natasha Akpoti-Uduaghan (Peoples Democratic Party, Kogi State) was also named Chairperson Senate Committee on Local Content. He made the announcement on Tuesday during plenary while reshuffling the parliamentary cabinet. Akpabio announced […]

Microsoft Hires ex-OpenAI Leaders Altman and Brockman to Lead New AI Group Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” the software conglomerate’s chief Satya Nadella said Monday, capping three days of intense discussions following the unexpected decision by OpenAI’s board to dismiss Altman. […]

IMF Staff Concludes Visit to Libya We express our deepest condolences to the people of Libya for the tragic loss of life and widespread devastation caused by flooding in September. The announced central bank reunification has led to welcome improvements in banking supervision and monetary policy coordination. It will also help with moving the reform […]

Central Bank Digital Currency Development Enters the Next Phase Many of the world’s monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money Central bank digital currencies can improve payment systems as well as financial inclusion—if they are appropriately designed. If not, they could pose risks. While not […]

N2.5bn Judgment Debt: ABU, 110 Staff Members’ Settlement Meeting Ends in Deadlock The out-of-court settlement meeting on the execution of N2.5 billion judgment debt between Ahmadu Bello University (ABU), Zaria, and its 110 disengaged staff has ended in a deadlock. Mr Isaac Enabhule, tge Counsel to the Judgment Creditors, said that the meeting was convened […]

FG Records Over N1tn Monthly Revenue Inflow – Minister The Minister of Finance, Mr Wale Edun says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an average of N650 million monthly to over N1 trillion in the last four months. The minister stated this on Monday in Asaba […]

Banking Stocks Drive Intraday Loss on Nigerian Exchange Negative price movement in banking names has dragged the equities market capitalisation of the Nigerian Exchange (NGX) downward during the intraday trading session, Alpha Morgan Capital said in an update. At the moment, the firm told investors via email that the NGX All Share Index is experiencing […]

Russia Urges Britain to Avoid Involvement in Ukraine Crisis Moscow urged Britain to stop its involvement in the Ukraine crisis, local media reported on Monday. “The British leadership continues to demonstrate its focus on comprehensive support for Ukraine. The British have a thesis about the need to inflict ‘defeat on the battlefield’ on Russia,’’ said […]

Petroleum Tanker Drivers Threaten to Exit NUPENG The Petroleum Tanker Drivers (PTD) have threatened to exit its umbrella body, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), if its President Williams Akporeha and General Secretary, Afolabi Olawale, do not resign. Mr Gbenga Olawale, an Ex-Officio of the PTD from Ibadan depot, said in […]

Oando Market Value Rises after Deal to Fund Acquisition Equities investors queue for Oando Energy Plc shares following the company secured a $800 million deal to fund its acquisition of Nigerian Agip Oil Company (NAOC) from the African Export-Import Bank. Data from the Nigerian Exchange showed that the Ticker: OANDO rallied by 22% as investors […]

Nigerian Ports Authority Moves Against Illegal Container Shipping The Nigerian Ports Authority (NPA) has issued a stern warning against the illegal stripping of containers along the port access road. The Managing Director of NPA, Mr Mohammed Bello-Koko, in a statement in Lagos on Sunday, noted that the authority would deal decisively with perpetrators of the […]

*Urges Law Changes Allowing INEC Appointments, Tech Deployment Human rights lawyer Femi Falana, SAN has stated that, “Nigeria cannot conduct credible elections without amending the relevant provisions of the Constitution and Electoral Act to provide for the appointment of INEC members by advertisement, deployment of technology for accreditation of voters and transmission of election results […]