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Risk Betting: Foreign Investors Increase Nigeria Eurobond Buying Risk Betting: In the international debt market, foreign portfolio investors (FPIs) increased buying momentum on the Nigerian government Eurobonds despite budding macroeconomic uncertainties spooked by a number of pressure-induced growth-targeted policies. Consequently, Federal Government US dollar denominated bonds recorded a surge in prices. At the same time, […]

AfDB Unveils Country-by-Country Report on Africa’s Green Financing Needs The African Development Bank(AfDB) Group has unveiled a country-by-country economic reports on Africa’s climate change and green growth financing needs. The aim of the report is to guide African policymakers in their discussions during the 28th United Nations (UN) Conference on Climate Change (COP 28). The […]

UK Economy Expands in Q2-2023 The economy of the United Kingdom (UK) expanded in the second quarter of the year 2023, according to the statistics office, consolidating on the previous quarterly growth – having shaken off a recession tantrums. The gross domestic product (GDP) grew by 0.6% year-on-year during the second quarter of 2023, up […]

SSA Youthful Population Represents Tremendous Opportunities– IMF The youthful population of Sub-Saharan Africa (SSA) represents tremendous opportunities for the region in spite of challenges. The International Monetary Fund (IMF) Director of Communication Department, Julie Kozack, made this known at the IMF Headquarters in Washington, DC during a news conference. She was speaking at the 2023 […]

Las Vegas police have arrested a man over the 1996 drive-by shooting of Tupac Shakur, 27 years after the rapper’s death. Duane “Keffe D” Davis was arrested early Friday morning and sources tell The Post he will face a charge of conspiracy to commit murder. Davis had been very public about being a witness to […]

Lagos State Government has ordered the immediate closure of Ladipo Market, Mushin, over alleged environmental infractions including reckless waste disposal, unhygienic premises, and non-payment of waste bills, among others. The Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab, who ordered the closure in the early hours Friday, said the market would remain closed […]

Human rights lawyer Inibehe Effiong has revealed that Chioma Egodi’s letter apologizing to Erisco Foods was written under duress while detained at an Abuja police station. Effiong, representing Egodi, disclosed this during an interview on Arise TV alongside her husband Chizoba Okoli. This follows Erisco’s CEO displaying the letter after Egodi criticized their tomato paste […]

The Executive Secretary of the National Human Rights Commission (NHRC), Chief Tony Ojukwu (SAN), on Friday, said the Commission receives more than two million complaints in a year. Speaking at a media parley in Abuja, the NHRC boss said if each of the complaints is investigated with a sum of N5, 000, it will cost […]

The Nigeria Customs Service, Federal Operations Unit, Zone A has arrested one Mr Felix Maiva, a wanted wildlife smuggling kingpin who has been on the run since 2021. In a statement signed on Friday by the Unit spokesperson, Theophilus Duniya, Mr Maiva’s arrest is a fallout of intense investigation and surveillance that followed the discovery […]

Senior lawyer, Femi Falana SAN has written to the Attorney General of the Federation (AGF) advising the federal government to resume negotiations with organized labour over its proposed nationwide strike. In the letter dated September 29th, Falana urged dialogue with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) in the interest of industrial […]

Minister of the Federal Capital Territory (FCT), Nyesom Wike has advised the newly inaugurated FCTA’s Secretary, Social Development Secretariat, Ibrahim Aminu to shun divisive actions in the discharge of his duties, bearing in mind that Abuja is the Federal Capital and not Katsina where he hails from. Wike said appointees in FCT must always serve […]

The Coroner’s inquest into the death of the late Nigerian singer, Ilerioluwa Aloba popularly known as Mohbad which sat on Friday at the Magistrate court in Ikorodu, Lagos, has fixed the 13th day of October, for witnesses to appear. According to BBC Pidgin, Funmi Falana, represented Mohbad’s family alongside other lawyers and had closed-door proceedings […]