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Oil Prices Rise over Lingering Supply Risks Global prices of crude oil rose on Tuesday as the ongoing conflict between Israel and Palestine is projected to escalate further while the market weighs lingering supply risks coming from Iran oil flows.  International benchmark crude Brent traded at $86.61 per barrel, translating to a 0.30% rise from […]

African Risk Not Fairly Priced, Says Rand Merchant Bank Yield-chasing investors have poured money into the continent but an emerging, recent challenge for Africa is that in a now higher interest rate environment, investors don’t need to come to Africa to find higher returns. Even US treasuries are now yielding far more attractive yields than […]

We’ll Create Conditions for Genuine Investments; Frustrate Criminal Adventures- Tinubu President Bola Tinubu has assured genuine businesses intending to invest in Nigeria that his government was determined to create a conducive atmosphere for genuine businesses to thrive. Tinubu, who was represented by the Secretary to the Government of the Federation, Sen. George Akume, said this […]

U.S. to Evict Gabon, Niger, And Others From The AGOA Programme U.S. President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda, and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade programme. Biden said he was taking the step because of “gross violations” […]

Rwanda Gets $262m 14-Month Credit Facility from IMF International Monetary Fund (IMF) staff and Rwanda have agreed to a new 14-month credit facility worth about $262 million to help mitigate the balance of payment pressures arising from climate-related shocks, the IMF said on Tuesday. IMF staff and Rwandan authorities also reached an agreement on policies […]

X Valued at $19bn, 57% Below Acquisition Price X is now worth $19 billion, which is less than half of what Elon Musk paid to buy it. X was acquired by Elon Musk for $44 billion in October 2022. However, the company’s value has since plummeted, and it is now worth just $19 billion. The […]

Apple Unveils M3 Chip Series Apple has unveiled its M3, M3 Pro, and M3 Max personal computer chips, the first chip series built using the company’s three-nanometre process. The company said the M3 chips feature a new generation of graphics processing units and a higher-performance CPU, among other things. The new chips are expected to […]

Lagos State Internal Revenue Service (LIRS) has shut 34 firms for failing to remit Personal Income Taxes (PIT) of their employees. Some of these companies include NTS Nigeria Ltd., Med-In Hospital & Pharma Services Ltd., Danvic Petroleum Int’l Ltd., Business Intelligence Technology, Avaya Nigeria Ltd., Gladstone Tech Ltd., Courier Plus Services Ltd., Kurioucity Ltd., Medilag […]

Scores of Rivers youths, mainly from Ijaw extraction, have sustained injuries following their alleged attempt to attack the official residence of Martins Amaewhule, the Speaker leading the 24 members of the House of Assembly opposed to Governor Siminalayi Fubara. It was gathered that the angry youths invaded Amaewhule’s private residence at the Old GRA in […]

The Senate on Tuesday confirmed Mr. Zacchaeus Adedeji as Chairman of the federal government revenue-earning agency, the Federal Inland Revenue Service (FIRS). His appointment was consequent on the retirement of the immediate past chairman of the agency, Muhammad Nami. Making presentations before the lawmakers during his screening session, Adedeji attributed the leakages in revenue earnings […]

President Bola Ahmed Tinubu on Tuesday, October 31, asked the Senate to screen and confirm 10 nominees for appointment as Resident Electoral Commissioners (RECs) of the Independent National Electoral Commission (INEC) for a term of five years. Tinubu’s request was contained in a letter read by the Senate president, Godswill Akpabio at plenary. The RECs […]

The Ondo State High Court on Tuesday fined the deputy governor of the state, Lucky Aiyedatiwa, N200,000 for wasting the time of the court. Mr Aiyedatiwa is fighting a move by the state House of Assembly to remove him from office for alleged gross misconduct. The move is connected to a rift between the deputy […]