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The chairman of the All Progressives Congress (APC) in Akoko North West Ward 1, Olumide Awolumate, has narrated why he hit the state Commissioner for Women Affairs and Social Development in Ondo state, Bunmi Osadahun, with a chair over the distribution of palliatives. Awolumate said he acted in self-defense and faulted the viral video, saying […]

Senator Ned Nwoko has said he would introduce a bill for mandatory autopsy before burial while he expressed his thoughts over the heated controversy surrounding the death of singer, Mohbad. He described the artiste’s demise as unfortunate and untimely, urging the authorities not to leave any stone unturned in unraveling the circumstance and the cause […]

The Police Service Commission (PSC) has waded into the case of a Deputy Superintendent of Police, Musa Mohammed of Police Mobile Force (PMF) 45 Abuja who sustained serious injuries at Galadimawa forest near Kaduna. The incident occurred when the officer, led a team to engage kidnappers in a gun duel in an attempt to rescue […]

The Senate president, Godswill Akpabio said on Tuesday, September 19, that the 10th National Assembly might not be eager to regulate social media, saying that existing laws adequately address any violations by users of social media platforms. Akpabio enjoined social media platforms users to use the platforms for positive productive engagements for the development of […]

T-Bills Yield Dips 11bps as Liquidity Pressures Ease The average yield on Nigerian Treasury bills (T-Bills) slumped by 11 basis points (bps) as a result of increased buying momentum in the secondary market. Treasury bill buying was supported by a decline in liquidity pressures, which dragged funding rates in the money market lower.  Liquidity pressure […]

Naira Depreciates as FX Turnover Slumps by 59% The Nigerian naira depreciated to N774 per United States (US) dollar on Monday as about $165 million in foreign exchange (FX) turnover at the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) market slumped as foreign currency shortage persists in the market. The supply side has remained weak despite […]

NGX Rises by N263bn as UBA, Stanbic, Airtel Rally The Nigerian Exchange (NGX) rose by more than N263 billion on Monday following sustained interest in UBA, Stanbic IBTC and OANDO shares, supported by fresh interest in Airtel Africa. Consequently, the stock market performance indicators grew by 0.71%; year-to-date return inched higher, racing far ahead of […]

FG, WEMA Bank to Train 2M Youths on Digital Skills The Federal Government, in partnership with WEMA Bank, has concluded arrangements to train two million youths on digital skills. The Director of Information, Office of the Vice President, Mr Olusola Abiola, made this known in a statement on Monday in Abuja. He said the training […]

Recipients Grumble as CBN Set to Recover COVID-19 Intervention Loans The Central Bank of Nigeria (CBN), is set to recover loans it granted some categories of Nigerians to ameliorate harsh socio-economic realities. The loan initiative involved is the Targeted Credit Facilities (TCF), granted to some Nigerians in 2020 to cushion the economic effect of COVID-19. […]

Binance P2P Announces Automated Payments for Crypto Trades Binance P2P, a peer-to-peer trading platform, has introduced five new automated payment methods, for cryptocurrency buyers and sellers across 15 fiat markets. With these automated payment options, users can instantly receive their purchased assets, streamlining the trading process. These automated methods eliminate the need for sellers to […]

Brent Rises to $95 over Widening Demand, Supply Gap The global oil market rallied further on Monday as Brent crude price rose to about $94.5 per barrel over widening demand and supply gap. Brent trades higher per barrel as markets grappled with tight supply fears triggered by Saudi Arabia and Russia’s output cuts. This comes […]

Foreign Direct Investment Inflow to China Shrinks 5.1% Foreign direct investment (FDI) into China’s mainland posted at 847.17 billion yuan in the first eight months of the year, down 5.1% from the same period of 2022, the Ministry of Commerce reported Friday. FDI is generally considered an ownership stake in a domestic company or project […]