admin

Egypt Keeps Interest Rate at 19.25% The Central Bank of Egypt left its key overnight deposit rate unchanged at 19.25%, leaving the key rate at 1992 level highs in its September 2023 meeting. The monetary policy committee decision came as the country’s headline inflation rate slowed while economic growth eased – in line with analyst […]

T-Bills Yield Rises to 8.5% as CBN Defers Meeting Due to selloffs, the average yield on Nigerian Treasury bills (NTB) rose by 59 basis points to 8.46% on Thursday as the Central Bank of Nigeria (CBN) announced an indefinite postponement of its policy committee meeting. Consequently, there were selloffs on the short and long end […]

Stock Market Value Drops as Investors Sell OANDO, MTNN The market value of all stocks listed on the Nigerian Exchange (NGX) dropped by more than N35 billion some equities investors sold an interest in Oando, MTN Nigeria, and some other stocks in the domestic bourse. Again, the market closed negatively, dragging market performance indicators by […]

Exchange Rates Gap Jumps to N152 as Naira Gains at IE Window Exchange Rates: The Nigerian naira appreciated to N738 per United States (US) dollar on Thursday at the Investors and Exporters (IE) window as pressures on foreign currencies demand eased for the second day in the week. The strong daily gain came after a […]

UNGA 78: NNPC Signs Up to UN Global Compact The Nigerian National Petroleum Company (NNPC) Limited has signed up as a participant in the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative. Malam Mele Kyari, Group CEO of NNPC Ltd., signed the Letter of Commitment, at the […]

Blue Economy: NIMASA to Invest in Research, Development – Jamoh The Nigerian Maritime Administration and Safety Agency (NIMASA) says it is set to re-opening its Lokoja office, as part of efforts toward harnessing the Blue Economy, enhancing collaboration, while also promoting research and development. The Director General of NIMASA, Dr Bashir Jamoh, in a statement […]

CBN Postpones September MPC Meeting Indefinitely The Central Bank of Nigeria (CBN), on Thursday, announced the indefinite postponement of the September version of its bi-monthly Monetary Policy Committee (MPC) meeting. CBN Director of Corporate Communications, Isa AbdulMumin, announced the postponement in a statement in Abuja. The meeting was earlier scheduled to be held on Sept. […]

We’ll Reshape Hospitality Industry, Tourism in Abia – Otti Gov. Alex Otti of Abia has expressed readiness to reshape the hospitality industry and tourism sector through creative strategies to boost the state’s economy. Otti said this on Thursday during a meeting with members of Nigeria Hotel Association and Hotel Proprietors Association in Umuahia. The governor, […]

*As FG Expresses Readiness To Increase Number Of Justices On Apex Court Bench A retired Justice of the Supreme Court, Justice Amina Adamu Augie on Thursday, called on the Godswill Akpabio-led 10th National Assembly to amend the 1999 Constitution of the Federal Republic of Nigeria, as amended to enhance the functioning of courts in Nigeria. […]

*AGF and NBA President Praise Justice Augie’s Contributions to Jurisprudence The Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola has extolled the virtues of Justice Amina Adamu Augie, who retired from the Supreme Court bench, describing her as an affable jurist who diligently and meticulously offered unquantifiable services to Nigeria and humanity in different capacities […]

Governor Peter Mbah of Enugu has lauded the decision of the Enugu State Governorship Election Petitions Tribunal, which dismissed the petitions of the Peoples Redemption Party (PRP) and the Labour Party (LP) candidates challenging his victory in the March 18, 2023 governorship election. Mbah, who described the tribunal decision as a victory for democracy and […]

The Nigerian Police Force has informed the general public that Mohbad’s autopsy has been completed, and the result will be declared soon. This was posted on the Nigerian Police Force X handle on Thursday, 21st September, 2023. ”The Nigeria Police Force wishes to inform the public that the autopsy procedure for Mr Mohbad has been […]