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The Kano State Government has sacked the Chief Medical Director of Hasiya Bayero Paediatric Hospital, Dr Yunusa Sunusi, barely three weeks after the hospital was reopened for alleged negligence of duty and “capacity to drive the government’s policies of free consultation, admission and treatment”. This is contained in a statement by the Public Relations Officer, […]

The Airline Operators of Nigeria, have expressed their commendation and support for the Minister of Aviation and Aerospace Development, Festus Keyamo’s decision to suspend every activity related to the implementation of Nigeria Air, national carrier, and other projects. The association stated this in a statement by its spokesperson, Prof Obiora Okonkwo, on Friday. According to […]

*Denies Paying Portable To Perform At Annual Conference The Nigerian Bar Association (NBA) has denied paying singer Habeeb Okikiola, popularly known as Portable, to perform at its 2023 Annual General Conference. The conference received social media backlash for inviting Portable to perform at their show that consisted of “learned” individuals. The NBA said Portable was […]

Go and register your own party, NNPP founding fathers tell Kwankwaso as crisis deepens The crisis rocking the New Nigeria People’s Party (NNPP) has taken another dimension as the faction of the party loyal to the Board of Trustees pulled out of the memorandum of understanding signed between the party and Kwankwansiya Movement in 2022. […]

The deputy governor of the Economic Policy Directorate of the Central Bank of Nigeria (CBN), Kingsley Obiora has been detained by officials of the Department of State Services (DSS). His detention has thrown the CBN into a state of anxiety as many staff of the apex bank are confused. A security source confirmed Obiora’s detention […]

Naira Value Falls Despite Nigeria’s Fresh US Dollar Inflow The Nigerian naira gave up the fight to claw back losses sustained against the dominant US dollar across the foreign exchange markets despite a moderate foreign currency (FCY) inflow into external reserves. According to foreign currency movements record tracked by MarketForces Africa, Nigeria received a $331 […]

Equities Investors’ Wealth Rises by N60bn as Seplat Rallies Equities investors’ wealth rose by N60bn on Thursday as late hour buying interest in Seplat Energy Plc upturned intraday selloffs in the domestic bourse. The Nigerian Exchange (NGX) recorded a negative performance during the intraday session. The Nigerian Exchange (NGX) performance indicators spiked as alpha seekers […]

Brent, WTI Prices Rise on Expected Demand in US Oil prices increased on Thursday over demand optimism in the US, the world’s biggest oil consumer. International benchmark Brent crude traded at $85.47 per barrel, a 0.27% gain from the closing price on Wednesday of $85.24 per barrel. The American benchmark West Texas Intermediate (WTI) traded […]

GCR Places FCMB on Negative Watch as Loan Quality Declines The emerging market dominated rating agency, GCR Ratings, has affirmed FCMB Group Plc’s national scale long and short-term issuer ratings of BBB+ (NG) and A2 (NG) respectively, according to its latest release rating note. However, the outlook on the bank has been downgraded to negative […]

Inflation Rate Jumps to 10.8% in Zambia Amidst efforts to push economic growth upward, Zambia continues to face pressures emanating from worsening price levels, driven in part by sustained increases in food and non-food products inflation. According to the statistics office’s latest consumer inflation data, Zambia’s annual inflation rate accelerated for the second month to […]

How Agency Spends N81.2b to Plant Trees – Reps The House of Representatives Ad hoc Committee investigating the utilisation of ecological funds released to the National Agency for the Great Green Wall (NAGGW) has uncovered N81.2 billion allegedly spent to plant 21m trees in 11 states. The investigation is from 2015 till date. Rep. Isma’ila […]

Nigeria Bonds Value Decline, Yield Rises to 14.1% The average yield on the Federal Government of Nigeria (FGN) bonds instrument settled at 14.1% midweek as a result of sell down by asset; and fund managers in the secondary market. In the fixed interest market, investors currently earning below the annual inflation rate of 24.08% in […]