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The Nigerian Safety Investigation Bureau (NSIB), on Tuesday, said it has commenced probe into an accident involving a Jabiru J430 light single airplane, asking members of the public to assist with recorded evidences in form of pictures or videos, to aid its comprehensive investigation of the incident. According to a press statement made by the […]

Nigeria’s next potential Finance Minister, Wale Edun, has expressed optimism that the Nigerian naira could strengthen to N700 per US dollar once the Central Bank of Nigeria reverses the damaging policies of the previous administration and attracts foreign equity investments. During his Senate screening, Edun highlighted the importance of stable exchange rates for a country […]

The Nigeria Labour Congress, on Tuesday night urged Nigerians to ignore news about a possible suspension of its planned nationwide strike scheduled to commence Wednesday. The Congress in a terse statement signed by its national president, Joe Ajaero, said the protests would be held as scheduled across major cities in the country. Earlier in a […]

Aishaba Ltd, a renowned player in the hospitality business, is set to make a mark at the forthcoming NBA Annual General Conference 2023 (NBAAGC2023) with its unique and innovative approach to providing exceptional experiences for its esteemed clients. With a strong focus on customer satisfaction, creativity, and innovation, Aishaba Ltd is committed to delivering unparalleled […]

The acting Inspector-general of Police, IGP Kayode Egbetokun, has warned groups or organisations planning protests in the country that there is no room for any form of violent protests in the country. This is coming ahead of the planned nationwide protests by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) slated for Wednesday, […]

Naira Gains as Seasonal FX Demand Pressures Ease The Nigerian naira rallied on Monday amidst an intermittent slowdown in foreign currency demand pressures across the market. There is a signal that seasonal demand is slowing down, analysts told MarketForces Africa as the volume of transactions consummated at the Investors and Exporters FX window improved. FDMQ […]

Palliatives: Sanwo-Olu Slashes BRT Fare by 50%, Unfolds Other Measures Babajide Sanwo-Olu of Lagos State has announced a 50 per cent reduction in the transportation fare of the Bus Rapid Transport (BRT) controlled by the Lagos Area Metropolitan Transport Authority (LAMATA) from Aug. 2. He made this known while addressing state house correspondents, at the […]

Israeli Researchers Develop RNA-Based Drug to Destroy Cancer Cells in Bone Marrow Israeli researchers managed to destroy myeloma blood cancer cells using an RNA-based drug delivered to the cells by targeted lipid nanoparticles. Tel Aviv University said in a statement on Sunday evening. Adopting this method for the world’s first time, researchers destroyed 90 percent […]

NGX Slumps as Unimpressive Earnings Prompt Selloffs Nigerian Exchange (NGX) lost more than N391 billion as the local bourse opened the week on a bearish note. Unimpressive earnings triggered by foreign exchange losses by significant numbers of listed companies douse buying sentiment in the equities space. The trading pattern witnessed last week signaled the return […]

FG to Provide N200 Bln Intervention for Food, Agric.  The Federal Government has approved N200 billion as an intervention for the provision of stable food and agricultural inputs. President Bola Tinubu made the announcement in a nationwide broadcast tagged: “After Darkness Comes the Glorious Dawn’’ on Monday in Abuja. He said the intervention would ensure […]

FG Approves Buses for Tertiary Institutions, Removes Restriction on Student Loans President Bola Tinubu has approved the provision of buses to the student bodies of all universities, polytechnics, and colleges of education across the country. This is in furtherance of his desire to ease the burden of the fuel subsidy removal on students of higher […]

Companies Groan under Burden of Huge FX Losses in Nigeria Many Nigerian companies in the fast-moving consumer goods sector (FMCG) telecom, and brewing industries, have seen strong declines in their earnings due to losses caused by changes in foreign exchange rates. The huge foreign exchange (FX) losses incurred followed the devaluation of the naira by […]