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In a recent video clip shared on her Instagram account, Ifunaya, popularly known as “The Baddest Lawyer,” has taken to social media to address the prevalence of fake accounts attributed to her name and to clarify misconceptions about her professional identity. “If I keep quiet, it’s going to be like an admission of guilt, so […]

US President Joe Biden on Wednesday said he was “not surprised” at news that Yevgeny Prigozhin, head of the Wagner mercenary group, may have died in a plane crash in Russia. “I don’t know for a fact what happened, but I’m not surprised,” Biden said. “There’s not much that happens in Russia that (President Vladimir) […]

The UK’s Minister for the Armed Forces, James Heappey MP, has arrived in Nigeria this week for a crucial series of meetings with top defense leaders and military chiefs. The primary objectives of his visit are to strengthen defense cooperation between the two nations and engage in discussions about the situation in Niger. During his […]

Policemen in Lagos State have arraigned two suspects at the Yaba Magistrate Court in connection with the daybreak attack and arson on Celestial Church of Christ, Overcomers Parish, in the Ajah area of the state on Thursday, June 2nd, 2023. According to a statement issued by the CCC worldwide spokesman, Kayode Ajala, on Wednesday, the […]

Mr. Linus Okorie, the Labour Party’s senatorial candidate for Ebonyi South senatorial zone, has emphasized the illegality of Independent National Electoral Commission (INEC) considering a fresh election for the zone. Okorie’s statement comes amidst growing speculation about potential replacements for his opponent David Umahi in the Senate, including campaign posters flooding the region. Mr. Okorie […]

Mazi Afam Osigwe, Senior Advocate of Nigeria (SAN) and Chairman of the 2023 Nigerian Bar Association (NBA) conference planning committee, recently conducted a thorough inspection of the chosen venue, the Moshood Abiola National Stadium in Abuja. This visit was a vital step in the preparations for the impending NBA conference, aimed at assessing the venue’s […]

T-Bills Yield Slides to 8.28% Ahead of CBN Auction The average yield on Nigerian Treasury bills (NTB) jerked down, reversing the selling rallies ahead of the Central Bank of Nigeria (CBN) midweek auction to refinance maturing bills worth more than N303 billion. Rising liquidity pressures triggered selloffs on Monday as local deposit money banks established […]

FX Gap Hits N130 as Naira Slumps Across Markets The gap between the exchange rate between the Investors’ and exporters’ foreign exchange window and the parallel market has widened to about N130 per United States dollar, creating an opportunity for speculative trading activities. The spread between the two FX spot rates quotes provides opportunities for […]

NGX Rises by N157bn FMCG Stocks Rally The Nigerian Exchange (NGX) rallied again on Tuesday as equities investors took position amidst uncertainties in the economy. Following bargain hunting, stock market year-to-date return popped higher, racing ahead of an annual inflation rate of 24.08%. Other key performance indicators rose as the market witnessed a similar pattern […]

BRICS Summit to Open in South Africa with Focus on Expansion The BRICS alliance of five emerging economies meets in South Africa starting Tuesday at a summit that is expected to focus on the group’s expansion. The alliance currently includes Brazil, Russia, India, China and South Africa. It now aims to become “BRICS plus” and […]

AU Suspends Niger Until Restoration of Constitutional Order The African Union (AU) Commission has on Tuesday suspended Niger from the pan-African bloc until normal constitutional order is restored in the country following the latest military coup. The decision to suspend Niger from AU membership was made by the Peace and Security Council of the AU […]

Oil Slumps as Iran Exports Boost Supply Side Crude oil prices slumped on Tuesday on account of a strong supply side due to increased exports by Iran and a stronger US dollar. In addition, weakness in China’s economy, the world’s second-largest, threatens to curb its energy demand and is bearish for crude. As a result, […]