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With the NBA Annual General Conference 2022 fast approaching, hospitality company Aishaba Ltd has announced further accommodation offerings for conferees within walking distance of the event venue. In a statement addressed to attendees, Aishaba expressed gratitude for the overwhelming bookings so far. They emphasized that ample opportunity still exists to secure lodging near the conference […]

The Nigerian Bar Association (NBA) Aba Branch has refuted claims that controversial social media figure, Miss Ifunanya Excel Grant known as the “baddest lawyer”, is a member of their branch. In a statement, NBA Aba Branch Chairman Innocent O. Egwu Esq. and Secretary Mazi K.C. Okoro said the branch categorically confirms Ifunanya Excel Grant is […]

Naira Tumbles Amidst Doubt Over FX Reserves Balance The Nigerian naira exchange rate worsened on Monday following news that the total balance in the external reserves might have been over-rated. There have been concerns that the Central Bank of Nigeria (CBN) cooked its books in 2022. Yet, both local and investment foreign banking firm has […]

NGX Gains N250bn as BUA Foods, Dangote Sugar Rally The Nigerian Exchange (NGX) rallied on Monday after closing negative last week. As a result of fresh interest in the consumer goods sector, market capitalisation rose by #250 billion. Reversing a negative trend, the equities market resumed the week’s trading on a positive note. The uptrend […]

Wale Edun Assumes Duty as Finance Minister The Finance Minister and Coordinating Minister of the Economy, Wale Edun has assumed duty, promising to drive Nigeria’s economy to the next level. He said this at the welcome ceremony organised by members of staff of the ministry in Abuja on Monday. Edun said President Bola Tinubu has […]

Rep Urges FG to Declare State of Emergency on Malaria Rep. Amobi Ogah, Chairman of the House of Representatives Committee on HIV/AIDS, Tuberculosis and Malaria, on Sunday in Abuja urged the Federal Government to declare a state of emergency on malaria. He gave the charge in a statement he issued to commemorate the 2023 World […]

South African Stocks Halt Loss Ahead of BRICS Summit The benchmark JSE/FTSE Top 40 index closed Monday’s trading session 0.98% higher, ending a six-day losing streak a day before the 15th BRICS summit kicks off in Johannesburg on Tuesday. The South African government will host Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and […]

Oil Falls as China Rate Cuts Sends Negative Signals The crude oil market switched gear after its early gains on Monday. Prices slumped due to weak demand amidst uncertainties in China, and the United States. Earlier today, China cut the prime rate in order to boost its dwindling economic figure. Market data showed that US […]

China Cuts Prime Rate to 3.45% China’s central bank has cut a key interest rate amid concerns about the post-pandemic recovery of the world’s second-largest economy. The People’s Bank of China reduced its one-year loan prime rate (LPR) by 0.1 percentage point to 3.45% while the five-year rate was kept unchanged at 4.2%.  Economists had […]Read More

Somalia Bans TikTok, Telegram, 1XBet over ‘Horrific’ Content Somalia has banned TikTok, messaging app Telegram and online-betting website 1XBet to limit the spread of indecent content and propaganda, its communications minister said. “The minister of communications orders internet companies to stop the aforementioned applications, which terrorists and immoral groups use to spread constant horrific images […]

Oil Prices Rise as Saudi, Russia Cut Offset Weak Demand After closing negative in the just concluded week, the global crude oil prices were up as tight supply expectations offset weak demand forecast. The global supply concerns on account of lower output from members of the Organisation of Petroleum Exporting Countries and allies (OPEC+) – […]

Nigeria’s Net FX Reserves Drop to $3.7bn in 2022 –JP Morgan JP Morgan, an American financial services firm, estimated that Nigeria’s net foreign exchange (FX) reserves dropped to $3.7 billion as of 2022. According to the firm’s latest report titled ‘Nigeria: Reform pause rather than fatigue’, the $3.7 billion figure is significantly lower than prior […]Read More