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The Nigerian Law School has issued a statement debunking the circulation of a purported Bar Part 1 bill of charges for the upcoming 2023/2024 academic session. The management clarifies that the Law School has not yet released its official payment schedule for the specified session. This clarification was provided by the Head of Academic, Abuja […]

Who Will Save the Naira? The current Ag. Central Bank of Nigeria [CBN] Governor, Mr. Folashodun Adebisi Shonubi, has given a signal that the apex bank will soon deal with speculators/adventurers in the FX market. There are fears that the exchange rate of the Naira vs the US dollar could worsen and hit anything above […]

Subsidy: NEC Sets Up Committee to Liaise with Labour National Economic Council (NEC) has constituted an Ad-hoc Committee to engage with the leadership of labour unions to resolve issues surrounding the petrol subsidy removal across the states. Mr Olusola Abiola, Director of Information, Office of the Vice President, in a statement, said the decision was […]

FG Approves N5bn Palliative for 36 States, FCT The Federal Government (FG) has approved the disbursement of N5 billion to states, local government councils, and the FCT to cushion the effects of the subsidy removal on petrol. Gov. Babagana Zulum of Borno said this when he spoke at the end of the National Economic Council […]

NDIC to Probe Directors, Officers of Revoked 183 MFBs, PMBs The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licenses were revoked earlier this year. The Managing Director of the NDIC, Mr Bello Hassan, said this at a one-day capacity building workshop for law […]

FGN Bonds, T-Bills Face Sell Pressures as Liquidity Drops The average yield on Nigerian Treasury bills surged marginally, but the movement remains unnoticeable amidst a sustained increase headline inflation rate, which failed to be curbed by monetary policy tightening. Fixed interest securities investors continue to search for a market catalysts to drive yield repricing, though, […]

World Bank Lauds Tinubu Policy Reforms, Seeks Palliatives Rollout World Bank Country Director, Nigeria Office, Shubham Chaudhuri, has lauded President Bola Tinubu’s reform policies. Chaudhuri, who commended the policies at a symposium on Thursday in Ibadan, however, called for a speedy rollout of palliatives to cushion their effects on Nigerians. The symposium was organised by […]

Globus Bank Grows Balance Sheet by 93%, Keeps Nil NPL- Rating Note Globus Bank Limited grew its balance sheet and boosted its earnings profile strongly without undermining asset quality. GCR Ratings (GCR) has affirmed Globus Bank Limited’s national scale long and short-term ratings of BBB-(NG) and A3 (NG) respectively, with a stable outlook. According to […]

Brent Crude Oil, WTI Cross $83 as US Demand Surge Prices of crude oil surged on Thursday as data showed demand surge in the US, the world’s largest oil consumer, and with the depreciation of the US dollar. Today, both Brent crude and West Texas Instruments surged above $83 after they slipped strongly in recent […]

US Inflation Reduction Act after One Year One year ago, Congress passed, and the President signed, the Inflation Reduction Act into law. This marked the single most significant legislation to combat climate change in American history and one of the largest investments into the American economy in a generation. Already, the investments and our implementation […]

$3bn Deal: NNPCL Collects Future Income from Afrexim Bank –Firm The Nigerian National Petroleum Company Limited (NNPCL) $3 billion loan obtained from Afrexim bank has been noted as a positive development that will boost forex supply and stem declining naira in the short term. However, the short term fix means the oil firm has collected […]

*Star Witness Exposes Voting Anomalies During Nasarawa Governorship Election The Nasarawa State Governorship Election Tribunal, today’s proceedings revealed substantial evidence as the People’s Democratic Party’s (PDP) lead counsel, Ombugadu J. S. Okutepa SAN, presented critical testimony. The tribunal embarked on a deep dive into the core of the case by summoning crucial witnesses who illuminated […]