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Ghana’s Inflation Rate Declines to 35.2% The consumer inflation rate in Ghana slowed to 35.2% year on year in October from 38.1% in September, the statistics service said on Tuesday. The decline in headline inflation was attributed to moderation in the food price index, supported by government policy redirection. Still sticky, inflation remains well above […]

UK 10-Year Bond Yield Slides to 4.3% The yield on the UK’s 10-year Gilt edge moderated to 4.31% after economic data showed British employment growth slowed in the third quarter. In addition, the market reacted to UK Prime Minister Rishi Sunak’s cabinet reshuffle. The latest jobs report indicated regular pay rose by 7.7%, a slight […]Read More

Nigeria Eurobonds Rally as Foreign Investors Rotate Interest In Nigeria’s sovereign Eurobonds (US dollar bonds) market, activity level was dominantly in the bullish region as positive sentiments pervaded the movement in yields. Foreign investors in the international market pushed demand higher as US Treasury yield reversed. According to market data, the 2-year US treasury yield […]

Nigeria’s Power System Debts to NDPHC Hits N180bn- Ugbo  Mr Chiedu Ugbo, Managing Director, Niger Delta Power Holding Company (NDPHC), says the debt profile of Nigeria’s power system stands between N150 billion and N180 billion. Ugbo said this during a roundtable with newsmen on Monday in Lagos. He identified Nigeria Bulk Electricity Trading Company (NBET) […]

Nigeria Bonds Sales Attract Higher Rates Nigeria offered higher spot rates on the local government monthly bond sales in the primary market, according to auction results conducted by the Debt Management Office (DMO). Consequently, trading activities in the secondary market ended on a sideway as investors refocused attention amidst higher inflation rate expectations. At the […]

Representatives of civil society organisations in Nigeria have expressed displeasure over the planned signing of a new partnership agreement between the European Union (EU) and the African, Caribbean and Pacific (ACP) states. The agreement tagged the ‘EU-ACP’ is scheduled to be signed on November 15th, 2023. However, the Chairman of the Human Rights Committee, Sonny […]

The Central Bank of Nigeria (CBN) has extended the legal tender status of old N200, N500, and N1000 notes indefinitely, removing the initial deadline set for December 31, 2023. This is according to a statement on Tuesday signed by Director of Corporate Communications, Dr Isa AbdulMumin, the apex also disclosed that it is working to […]

The family of late Chief Oyibo Chukwu, a lawyer assassinated in Enugu South LGA days before the general elections, has released his funeral program. According to the schedule, a service of songs and wake keep will hold on Thursday, December 7 at the deceased’s compound in Umunevo Umuigbo, Amurri. See The Burial Arrangements In Full […]

The Nigerian Bar Association (NBA) has announced that the last quarterly National Executive Council (NEC) meeting for 2023 will hold on Thursday, December 7th. In a notice to NEC members by the General Secretary, Adesina Adegbite, the meeting’s venue, agenda and other details were communicated. The NEC comprises national officers of the NBA, past presidents, […]

A ValueJet CRJ 900 Bombardier aircraft unexpectedly skidded off the runway at Port-Harcourt International Airport, sending passengers into a brief panic and confusion. The airplane overshot the runway upon landing at 15:32 hours with 62 passengers and five members of the flight crew. The passengers were confused by the unexpected incident but the aircraft with […]

The Federal High Court in Abuja has penalized the National Youth Service Corps (NYSC) with N5 million damages for denying the authenticity of the certificate issued to Enugu State Governor, Peter Mbah. In the judgment on Monday, Justice I.E. Ekwo ruled that NYSC’s disclaimer of Mbah’s certificate led to prolonged litigation and unquantifiable damage to […]

In compliance with the national industrial action embarked upon by the Nigerian Labour Congress and Trade Union Congress, commercial banks on Tuesday were closed in Port Harcourt, the Rivers State capital, leaving their customers stranded. Our correspondent who went round to monitor compliance, observed that the gates of most banks were locked with padlocks, as […]