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The Chairman of the ECOWAS Authority of Heads of State and Government, President Bola Tinubu, has dispatched a delegation to Niger Republic with a mandate to expeditiously resolve the current political impasse in the country. The action was in line with the resolution reached at the end of the extraordinary summit of the ECOWAS held […]

The Peoples Democratic Party, (PDP), and its State Assembly candidate for Ado State Constituency of Benue State, Mrs Agnes Uloko, on Thursday urged the election petition tribunal to grant them the reliefs sought in their petition against the deputy speaker of the Benue State House of Assembly, Danladi Lami, as she has accepted allegations of […]

The Christian Association of Nigeria on Thursday called on Nigerians to bear with President Bola Tinubu and give him a chance to fix the country. The organisation also commended Tinubu for taking proactive steps to avert the proposed strike by the Nigeria Labour Congress and Trade Union Congress, over fuel subsidy removal pains. CAN advised […]

The Kaduna State Governorship Election Tribunal has fixed Saturday, Aug. 5, for Gov. Uba Sani, INEC and the All Progressive Congress (APC) to open their defence in a petition filed against the governor’s election. Opposition Peoples Democratic Party (PDP) and its candidate at the March 18 governorship election in the state, Mr Muhammad Isah-Ashiru are […]

The Defence Headquarters says the the Armed Forces of Nigeria is yet to receive order for any military intervention in the Republic of Niger following the coup that led to the ouster of democratic governance in the country. The Director, Defence Information, Brig.-Gen. Tukur Gusau, in a statement on Thursday, dismissed the online report that […]

Modular Floating Dock: NIMASA Takes Over Continental Shipyard The Nigerian Maritime Administration and Safety Agency (NIMASA) has taken over areas leased to it by the Nigerian Ports Authority (NPA) at the Continental Shipyard for the operations of the Modular Floating Dock. The Director General of NIMASA, Dr Bashir Jamoh, said this at the handing-over ceremony […]

Nigerian T-Bills Yield Slumps to 7.07% With large exposure to inflation pressure, the average yield on the Nigerian Treasury bill bumped again as market participants intensified buying amidst a strong liquidity profile in the financial system. Analysts said in their market updates shared with investors that the overnight lending rate contracted by 121 basis points […]

Subsidy Protest: Labour, FG Resume Dialogue The Organised Labour says it has resumed dialogue with the Federal Government (FG) to allow full implementation of its pledge and commitment to the removal of fuel subsidy. Mr Joe Ajaero, President of Nigeria Labour Congress (NLC), said this in a statement jointly signed with Mr Festus Osifo, President, […]

Naira Gains 6.1% as FX Pressure Declines The Nigerian local currency, the naira, traded at N741.64 per the United States (US) dollar at the Investors, and Exporters’ foreign exchange market as supply side pressures slowed down further. The new spot rate translates to a 6.01% rebound against the dominant trading currency, the US dollar, which […]

FCCPC Derecognises Additional 18 Digital Money Lenders In an effort to sanitise operators’ activities in line with best practices, the Federal Competition and Consumer Protection Commission (FCCPC) has delisted another 18 Digital Money Lenders (DMLs) for operating without regulatory approval. A statement by Mr Babatunde Irukera, the Executive Vice Chairman of the Commission, said this […]

Equities Investors Gain N41bn as NGX Rebounds Equities investors in the Nigerian Exchange (NGX) saw about N41 billion gain midweek after selling rallies that plunged the market index downward following a bucket of unimpressive earnings by listed companies. Stock market performance indicators inched higher by 0.12% as the local bourse saw a significant positioning in […]

Oil Rises on Expected Robust Demand in US Crude oil prices rebounded on Wednesday after estimates of a massive weekly drop in US crude inventories. The market also rallied with support from prospects of another production cut by members of the Organisation of Petroleum Exporting Countries and allied (OPEC+) ahead of the group’s meeting on […]