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The US arm of China’s largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market. State-owned ICBC is the biggest of China’s “Big Four” banks and the world’s largest lender by assets, according to S&P Global. ICBC Financial Services, which is headquartered […]Read More

Mr Femi Falana, a Senior Advocate of Nigeria (SAN), has tasked Amnesty International to lead the human rights community to demand justice in the war between Israel and Hamas. Falana, also a Human Rights Activist, gave this charge at a media parley arganised by Amnesty International in Lagos on Thursday. He commended Amnesty International for […]

The Oyo State Police Command has apprehended a 45-year-old suspected ritualist, Hassan Kolawole with a fresh human head in Ibadan. Kolawole was paraded at the Command Headquarters, Eleyele, Ibadan alongside nine other suspects arrested for various crimes at different locations. Other items found in Kolawole’s possession include fresh human hands and one HP Laptop. The […]

Ecobank Group Champions Intra-African Trade Growth at IATF Ecobank Group (www.Ecobank.com), the leading pan-African banking Group, sponsors the Intra-African Trade Fair 2023 (IATF 2023), the continent’s premier trade and investment event, which is taking place from 9-15 November 2023, in Cairo, Egypt. Theme this year is “Connecting African Markets”. The event will provide a springboard […]

NLNG Not Responsible for LPG Price Hike – GM The Nigeria Liquefied Natural Gas Limited (NLNG), says the company has not increased the price of Liquefied Petroleum Gas (LPG). Mr Andy Odeh, General Manager, External Relations and Sustainable Development, NLNG, dismissed the alleged report of the increase in a statement issued in Port Harcourt. He […]

Nigeria Fintech Coy Launches App for Diaspora Remittance A Nigerian-owned Fintech company has concluded plans to launch a mobile app to boost the growth of Small and Medium Enterprise through diaspora remittance. The firm based in the United Kingdom said the app, FinREMIT, will help bridge the gap between remittances and financial inclusion, thereby providing […]

Processed Agric Products Exports, Africa’s Highway to Wealth -Adesina The African Development Bank (AfDB) President, Dr Akinwumi Adesina, says the highway to wealth on the continent is from the export of value-added agricultural products. Akinwumi said this at the ongoing 2023 Africa Investment Forum (AIF) Market Place in Marrakesh, Morocco on Wednesday. The theme of […]

Oil Prices Rises Above $80 After Pressures Oil prices traded above $80 per barrel early on Thursday, recovering from market pressures.  The oil market came under further pressure yesterday with sentiment turning increasingly negative. Fundamentals are proving not to be as constructive as expected in the short term. However, we still see higher prices through […]

AFC Backs Egypt as Re-Guarantor on JPY75bn Samurai Bond Issue Africa Finance Corporation (AFC), the continent’s leading infrastructure financier and solutions provider, today announced its support to the Arab Republic of Egypt as a Re-Guarantor on a private placement offering of JPY 75 billion, 5-year, Samurai bonds. This landmark financing was guaranteed by Sumitomo Mitsui […]

Africa Needs Bold Innovative Initiatives to Unleash the Full Potential- King Mohammed VI Morocco’s King Mohammed VI opened the 2023 Africa Investment Forum Market Days on Wednesday with a call for Africans to work together to attract the levels of private investment needed to drive the continent’s inclusive development. The Market Days, an initiative of […]

Reps begin reviewing 2024-2026 MTEF, Fiscal Strategy The House of Representatives has commenced its legislative examination of the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), submitted by President Bola Ahmed Tinubu for approval. Rep James Faleke, Chairman, House Committee on Finance, during an interactive session with Ministers and Permanent Secretaries from […]

Treasury Bills Yield Slides to 14.31% Ahead of Inflation The average yield on Nigerian Treasury bills slid 7 basis points (bps) to settle at 14.31% as a bull surface in the secondary market for government short-term borrowing instruments. The fresh buying interest recorded midweek dragged yield downward amidst higher inflation expectations for the month of […]