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Oil Rebounds on China’s Fiscal Stimulus Oil prices posted limited increases on Tuesday over hopes that the Chinese government will unveil fiscal stimulus measures to jumpstart the sluggish economy, as the country faces multiple post-pandemic economic headwinds. International benchmark Brent crude traded at $78.56 per barrel, translating to a 0.07% gain from the closing price […]

Houston to Invest in Nigeria’s Energy, Oil & Gas Sectors Houston, Texas, USA has expressed readiness to invest in Nigeria’s energy, agriculture, technology and oil and gas sectors. Mr Sylvester Turner, the Mayor of Houston, Texas disclosed this on Tuesday in Abuja at a meeting with the Permanent Secretary, Ministry of Industry, Trade and Investment, […]

CBN, Central Bank of Egypt Set Up Fintech Bridge The Central Bank of Nigeria (CBN), and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding (MoU) to establish a Nigeria – Egypt Fintech Bridge. According to a statement obtained from the website of the CBN, the MoU was signed on Tuesday at […]

Reps to Include Gele-Gele Seaport Revitalisation in Budget The House of Representatives says it will include the revitalisation of Gele-Gele Seaport in Edo in the 2024 budget estimates. This followed the adoption of a motion by Rep. Esosa Iyawe (LP-Edo) at the plenary in Abuja on Tuesday In his motion, the lawmaker noted that the […]

NPA Remits N55.7bn from N191.3bn Generated in 6 Months The Nigerian Ports Authority (NPA) has generated N191.4 billion in revenue in the first half of 2023 and remitted N55.7 billion to the Consolidated Revenue Fund (CRF), its Managing Director, Mr Mohammed Bello-Koko, stated this in half year report on Tuesday in Lagos. Bello-Koko said that […]

NGX Rises by N203bn after Losing Streaks The Nigerian Exchange (NGX) rose by more than N203 billion after losing streaks in the previous week. The local bourse opened with the return of the bulls after the bears’ grip that held bound key performance indicators. On Monday, the Nigerian Exchange All-share index rose by +0.60%. Also, […]

Petrol Hits N617 Per Litre in Abuja The price of petrol, known as Premium Motor Spirit (PMS) has increased from 537 to 617 naira per litre in the Federal Capital Territory. The News correspondent who monitored the petrol situations in Maitama, Wuse, Gwarimpa, Jabi, Wuye and Kubwa areas of Abuja reports that there are long […]

A Federal High Court sitting in Kano, on Tuesday, stopped Kano State Public Complaints and Anti-corruption Commission from investigating alleged missing N100 billion from Local Government Council accounts. The court presided over by Justice S.A. Amobeda, also halted the Kano Anti-graft Commission and its agents from inviting, investigating, arresting, and intimidating Local Government chairmen in […]

President of the Nigerian Bar Association (NBA), Yakubu Maikyau (SAN), has called on lawyers to equip themselves with the relevant skills to be globally competitive as the legal space is being affected by insecurity. While noting that the establishment of the African Continental Free Trade Agreement (AFCTA) has provided opportunities for lawyers in the country, […]

Barring any last minute changes, Senate President Godswill Akpabio will on Wednesday read the letter containing President Bola Ahmed Tinubu’s nominees for ministerial positions. A source close to the leadership of the Senate disclosed in a terse WhatsApp message. The source confirmed that the list is already with the Clerk to the National Assembly Magaji […]

There was drama on Tuesday at the governorship election petition tribunal sitting in Birnin Kebbi as the principal of Sultan Abubakar College, Sokoto said the Kebbi State deputy governor did not graduate from the school. The Deputy Governor, Senator Umar Abubakar, claimed he finished from Sultan Abubakar College, Sokoto in 1979. But the principal of […]

Sonny Echono, executive secretary of the Tertiary Education Trust Fund (TETFund), says over 137 scholars sponsored abroad by the fund have absconded. Echono spoke on Tuesday when he appeared before the house of representatives ad hoc committee investigating the alleged “abuse” of N2.3 trillion tertiary education tax by TETFund. The executive secretary said the scholars […]