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Babajimi Benson, a member of the house of representatives, has asked the federal government to file contempt proceedings against labour unions over the ongoing nationwide strike. Benson, a member of the All Progressives Congress (APC) representing Ikorodu federal constituency in Lagos, spoke on the floor of the green chamber while contributing to a motion. Ben […]

The former Chairman, Nigerian Bar Association, NBA, Gusau Branch (covering Zamfara State), Bello Galadi has called on the Inspector General of Police, IGP to arrest, investigate and prosecute the President of Nigeria Labour Congress, NLC, Joe Ajaero for inflicting pains on over 200m Nigerians with the nationwide strike embarked upon by the labour unions. Galadi […]

The Royal Embassy of Saudi Arabia in Abuja has disclosed that passengers whose visas were cancelled two days ago didn’t fulfil the entry conditions and requirements in accordance with the applicable rules and regulations of the kingdom, as they submitted incorrect information to obtain a category of visa that doesn’t apply to them, which was […]

By Daniel Kip Sports since time immemorial has served as a universal language of unity, camaraderie, and friendliness. It engrains punctuality, patience, discipline, team work. perseverance and dedication while improving mental and physical health and wellbeing. Often overlooked in proportion to its importance, Sports Law bridges the gap between athletics and governance, safeguarding the interests […]

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it is wrong to tag all Nigerians as corrupt in financial or other dealings of human endeavours. The ICPC Chairman, Prof. Bolaji Owasanoye, said this on Wednesday in Abuja at the Behaviour Change Conference and Exhibition 2023, with the theme, ‘Anti-Corruption Interventions in Nigeria-A […]

Enugu Governor Peter Mbah has announced cash awards of between N10,000 and N25,000 to workers till April 2024 while also assuring that the new minimum wage negotiation would soon be concluded. Mbah stressed that the welfare of workers remained the priority of his administration because his laudable goals for Enugu could not be attained without […]

The State and National Assembly Appeal Court sitting in Lagos Wednesday affirmed the victory of Mr. Babajide Sanwo-Olu and Dr. Obafemi Hamzat as the validly elected winners of the March 18 election for the Office of the Governor and Deputy Governor of Lagos State. A three-member panel of justices, in a unanimous decision, dismissed two […]

Equities Investors’ Wealth Rises by N146bn as NGX Rebounds The equities segment of the Nigerian Exchange (NGX) rebounded with about N146 billion gain due to positive price movements on stocks that faced sell pressures yesterday. Due to the renewed bull strength, the market index or All-Share Index gained 32 basis points to close at 70,840.72 […]

Naira Trades at N850 as CBN Releases Update on Old Notes The Nigerian naira struggled to keep value across the foreign exchange markets on Tuesday amidst a steep increase in demand for the US dollar ahead of Yuletide. Data from FMDQ showed that the naira depreciated by 6.5% to N850.22 at the Nigerian Autonomous Foreign […]

Cordros US Dollar Fund Yields 6.22% Cordros US dollar fund year-to-date return cleared at 6.22% in October 2023. The US dollar asset underperformed by 0.16% month on month, though ahead of the coupon benchmark of 6.13%. The fact sheet released by Cordros Capital showed that the net asset value of the fund printed at $10.81 […]Read More

IEA Upgrades Oil Demand Forecasts to 2.4mbpd The International Energy Agency, IEA, has raised its 2023 oil demand growth forecast to 2.4 million barrels per day, lifting demand to 102 million barrels per day for the year. In its Oil Market Report for November, the IEA said the upward revision was due to US deliveries […]

Futureview US Dollar Fund Return Hits 7.42% Futureview US dollar fund year-to-date return cleared at 7.42%, the financial services company said in an update. Return on the investment stands ahead of FGN 5-Year Eurobond year-to-date yield of 3.42%. Data released showed that the investment firm allocated funds across short, mid and long-dated FGN Eurobond instruments […]