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(AP) — One man died and at least 48 people were injured after a suspected underground gas explosion ripped open roads and flipped vehicles in the heart of South Africa’s biggest city, authorities and emergency services said Thursday. Firefighters found the man’s body found under a vehicle. The cause of the blast at evening rush […]

NGX Bumps as Investors Take Profit After two bullish trading sessions, the equities segment of the Nigerian Exchange (NGX) closed marginally lower. This was caused by profit-taking activities in GEREGU, Zenith, and Flour Mills of Nigeria outweighed gains recorded by MTN Nigeria. Due to bearish returns, equities investors lost about N5.2 billion, and key performance […]

FG Targets $5bn Revenue from Outsourcing Industry The Nigerian Export Promotion Council (NEPC) on Wednesday in Abuja said that Nigeria targets to earn five billion dollars from the outsourcing industry in 2024. The Executive Director of NEPC, Dr Ezra Yakusak said this at the National Conference on International Trade-in-Service organised by the council, on Wednesday […]

Nigerian T-Bills Yield Slumps to 4.3% The average yield on Nigerian Treasury bills (NTB) went southward midweek as bullish momentum in the secondary market accelerates – with inflation and interest rates staying in double-digit high region. According to fixed income traders, the bills-buying moment in the secondary market came at the time when the market […]

Naira Falls to N793.70, Parallel Market Rate Worsens Exchanged at N793.70 for a United States (US) dollar at the Investors and Exporters FX window, and N850 in the parallel market, analysts said the naira will continue to face market challenges until Nigeria begins to earn foreign currency at a level that matches demand. The Nigerian […]

Reps to Investigate Increase in Fuel Pump Price The House of Representatives has resolved to set up an Ad hoc committee to investigate the circumstances leading to the increment of pump price of Premium Motor Spirt (PMS) from N537 to N617. The resolution was a sequel to a unanimous adoption of a motion by Rep. […]

Eurozone Inflation Eases as Energy Prices Decline The consumer price inflation rate in the Euro Area was confirmed at 5.5 percent in June 2023, the lowest level since January 2022, mainly due to a decline in energy prices. However, the core rate, which excludes volatile items such as food and energy, picked up to 5.5 […]

IEA See 2% Growth in Global Electricity Demand The International Energy Agency (IEA) expects global demand for electricity to increase by just fewer than two per cent in 2023. IEA made this known in its latest electricity market report on Wednesday. The reasons are the continuing economic slowdown and effects of the energy crisis in […]

Oil Slumps on Expected Slowdown in US Demand Oil prices declined on Wednesday over forecasts of a limited draw in United States (US) crude stockpiles that fell short of market expectations, disappointing investors. International benchmark Brent crude traded at $79.53 per barrel, a 0.13% loss from the closing price of $79.63 a barrel in the […]

South Africa Inflation Slows to 5.4% Amidst Zero Growth Forecast South Africa’s annual inflation rate fell to 5.4% in June from 6.3% in May, data from the statistics office showed Wednesday. By consensus, analysts expected the rate to ease to 5.6% for the month. Inflation averaged 7.0% in 2022. Fitch expects it to remain above […]Read More

UK Inflation Falls to Lowest Since March 2022 The United Kingdom’s (UK) annual inflation fell in June 2023 after stalling in the previous month, mainly thanks to the significant decline in motor fuel prices, yet analysts continue to expect further tightening in August as the rate remains well above the Bank of England’s target of […]

The Nasarawa State Judicial Service Commission has made a call for invitation for expression of interest for appointment on Wednesday, 19th July, as a Judge of the Tall Court of Nasarawa State and as a Kadi of the Shariah Court of Appeal within the State’s judiciary. In the memo which was circulated severely, the extension […]