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The driver who allegedly killed two personnel of the Lagos State Waste Management Authority (LAWMA) has turned himself to the police. The driver of the car with number plate EPE 984 DV had on Monday rammed into the LAWMA sweepers while they were discharging their duties along Gbagada Expressway. The state Police Public Relations Officer, […]

Some leaders of the pan-Yoruba sociocultural group, Afenifere, as well as religious and community leaders in Ondo State have waded into the political crisis rocking the state. They specifically warned against any impeachment moves against Governor Rotimi Akeredolu or his embattled Deputy, Lucky Aiyedatiwa. This followed a reconciliation meeting held in Akure at the instance […]

The 177 Air Peace passengers denied entry into Saudi Arabia on Monday were carrying inappropriate visas and travel documents, according to Abdulaziz Sabitu, MD of hajj services company Arafat Air Service Nigeria Ltd. Sabitu stated that the affected passengers did not have the right visas and supporting papers required to enter Saudi Arabia, leading to […]

Stock Market Retreats as Investors Dump BUA Cement, ACCESS The Nigerian Exchange (NGX) retreated at the beginning of the week as investors took profit after successive rallies. Equities investors opened the week with selloffs on BUA Cement, Access, Japaul Gold, and International Breweries Plc among others. Equities investors dump JAPAULGOLD, BUACEMENT, VERITASKAP, UNIVINSURE, and CHAMS […]

NNPCL Restores 275,000bpd Production, Settles Rift The Nigerian National Petroleum Company Ltd. (NNPCL) has restored production of 275, 000 barrels of oil per day (bpd) following the settlement of lingering rift between oil operators and unions. The NNPC Ltd. brokered a peace deal between TotalEnergies management, NNPC/Total JV operator, the Petroleum and Natural Gas Senior […]

Nigeria Spends $1.7bn Annually to Import Milk- MACBAN The Mi-Yetti Allah Cattle Breeders Association of Nigeria (MACBAN) has called for adequate budgetary allocation to boost the livestock economy. Baba Ngelzarma, National President of the association, made this appeal in an interview with the News Agency of Nigeria (NAN) in Abuja. Ngelzarma said it was disturbing […]

Bitcoin, Ethereum Steady After Slight Sell Pressures Exchange-traded market prices of Bitcoin, Ethereum and other large cryptocurrency moves steadied on Monday ahead of the US economic data release. Data from the crypto exchange showed that the price of Bitcoin has fallen less than 1% over the past 24 hours to below $36,950 over retail selloffs. […]

UK PM Fires Interior Minister,  Suella Braverman British Prime Minister Rishi Sunak on Monday fired Home Secretary Suella Braverman, who drew anger for accusing police of being too lenient with pro-Palestinian protesters. According to a source in the prime minister’s office, Sunak had “asked Suella Braverman to leave government and she has accepted.” The Conservative […]

Moody’s Downgrades US Credit Outlook to Negative Global Ratings agency, Moody’s Services has kept the U.S. sovereign rating at Aaa but lowered its outlook to “negative” from “stable. This means even the U.S.’ last top credit rating that was assigned by the major credit rating agencies has the prospect of a downgrade. Standard & Poor’s […]Read More

Oil Price Shock to Hit 2024 Growth, Boost Inflation –Fitch Higher-than-expected oil prices in a scenario where the Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, Fitch Ratings says. The global ratings agency said World gross domestic product (GDP) growth would be 0.4 percentage points (pp) lower in 2024, […]

Afreximbank Records $1bn Deals at IATF African Export-Import Bank (AfreximBank) has closed about $1 billion with some organisations in various sectors across the continent. In a statement, than regional bank said that the third day of the third Intra-African Trade Fair (IATF2023) concluded with attendees witnessing the signing of financing and other agreements valued in […]

Oil Prices Slides over Supply Boost Optimism Global prices of oil declined on optimism that Iraq would boost supply amidst conflict in the Middle East. Iraq’s government has expressed optimism that it will soon achieve an agreement to resume oil production from its Kurdish area. This comes as Saudi Arabia and Russia, two key members […]