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The Nigerian embassy in Niger Republic has denied a viral report that its embassy was burnt by angry protesters in Niamey, Niger. A statement signed by Liti Auwalu for the Nigeria Ambassador to Niger explained that even though the protesters tried to gain access to the embassy, the Nigerien military and police managed the situation, […]

The National Judicial Council (NJC) of Nigeria has issued an order of seniority for judges of the High Court of Kebbi State and recommended Hon. Justice Umar Abubakar as the substantive Chief Judge of Kebbi State. This announcement was made in a letter dated July 14, 2023, from the office of the Chief Justice of […]

Treasury Bills Yield Steadies, Money Market Rates Decline It was a cold trading session in the Treasury bill market on Thursday as investors continued to weigh the impacts of declining spot rates on the auction rollover on their portfolios. On Wednesday, the Central Bank of Nigeria (CBN) reduced funding costs by cutting back spot rates […]

China Deflation Concerns Spark Influencer Discussions on X Corp Amidst the global economic landscape, surging inflation continues to loom large over major economies. However, a contrasting narrative emerges as China, the world’s second-largest economy, grapples with contraction in both consumer and producer prices. This intriguing development has ignited discussions on “Deflation,” echoing through X Corp […]

Naira Rallies Amidst FX Scarcity The Nigerian naira strengthened against the United States (US) dollar at the Investors and Exporters foreign exchange window, trading at N781.34 compared to N782.38. Similarly, the local currency also lost against the British pound, Euro, and Japanese Yen, according to the FX market tracked by MarketForces Africa. There have been […]

Access Bank Bankruptcy Action Against A.B.C Orjiako, Seplat Claims No Involvement Seplayt Energy has said that Access Bank Plc’s bankruptcy action against Dr. A.B.C Orjiako over unpaid loans has no impact on the company’s operation, claiming it is not a judgment debtor, according to a statement. In its regulatory filing, Seplat Energy said on 8th […]Read More

Nigerian Exchange Gains N565bn as DANGCEM, FBNH Rally The Nigerian Exchange (NGX) rebounded after losing N622 billion as previously sold stocks like Dangote Cement, and FBNH were reacquired by investors in the local bourse. Data from the domestic bourse showed that buying interest in blue-chip stocks such as DANGCEM, FBNH, and 21 others lifted market […]

Members of the Nigerian Association of Resident Doctors (NARD) have suspended the nationwide strike they embarked on to press for their demands from the federal government. Emeka Orji, NARD president, told TheCable that the strike was suspended on Friday evening, adding that the resident doctors would resume work at 8 am on Saturday. “We just […]

Governor Godwin Obaseki of Edo State has spoken about an incident which made him deny his deputy, Philip Shaibu, access to his house. During a meeting with elders and leaders from Etsako West, East and Central Local Government of the State, held in Jattu, Etsako West LGA, as part of campaigns for the September 2, […]

The Labour Party (LP) has strongly refuted the allegation that its supporters made threats against judges presiding over the petition filed by its candidate, Peter Obi, regarding the Independent National Electoral Commission’s (INEC) declaration of Bola Tinubu as the winner of the February 25 presidential election. In a statement released by the National Publicity Secretary, […]

President Bola Tinubu has approved the redeployment of Ms Kachollom Daju, Permanent Secretary (PS), Federal Ministry of Labour and Employment to the Federal Ministry of Health. Mr Olajide Oshundun, Director, Press and Public Relations, Federal Ministry of Labour and Employment stated this in a statement in Abuja on Friday. Oshundun said that Daju would take […]

Enugu State Governor Peter Mbah has assigned portfolios to the 20 Commissioners who were sworn in on Thursday. The Governor gave their portfolios as follows: Professor Ndubueze Mbah— Education Mrs. Ngozi Eni— Gender affairs and Social Development Prince Lawrence Eze (Prince of Mburumbu)— Lands and Urban Development Professor Sam Ugwu— Environment and Climate Pharmacist Chika […]