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The African Union (AU) is a continental body consisting of the 55 member states that make up the countries of the African Continent. It was officially launched in 2002 as a successor to the Organization of African Unity (OAU, 1963-1999). We are an Integrated, Prosperous and Peaceful Africa, driven by its own citizens and representing […]

Silvio Berlusconi left €100million ( £85m) to his 33-year-old girlfriend Marta Fascina. The three-time Italian prime minister, who died last month and whose empire is estimated to be worth more than €6bn, also left €100m to his brother, Paolo, and €30m to Marcello Dell’Utri, a former senator with his Forza Italia party who served jail […]

(Being the text of the keynote address delivered by Femi Falana SAN at the 2023 Law Week Programme of the Nigerian Bar Association, Benin Branch held in Benin City, Edo State on July 3, 2023). Introduction On a yearly basis, the Nigerian Bar Association (NBA) and its branches, as well as the various sections, invite […]

President Bola Ahmed Tinubu will depart Abuja for Guinea-Bissau on Saturday, July 8, to attend the 63rd Ordinary Session of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS). The President will be accompanied by some members of the Presidential Policy Advisory Council and other top government […]

A Federal High Court in Kano has restrained the Kano State Public Complaints and Anti-Corruption Commission (PCACC) from inviting or harassing former governor of the state, Abdullahi Umar Ganduje over the alleged dollar bribery videos. The Court presided over by Justice A. M Liman gave the restrain order upon an exparte application by Counsel to […]

Nigerian Exchange Maintains Uptrend, Gains N270bn The Nigerian Exchange maintained an uptrend Thursday as investors recorded N270 billion daily gain. Riding on improved sentiments, equities investors saw market capitalisation expanding near N34 trillion, Data from the local bourse showed that key performance indicators inched higher following solid buying momentum on the floor of the Nigerian […]

Mozambique to Access $60.6m IMF Credit after Second Review Mozambique has gotten go ahead to access a $60.6 million loan as the Executive Board of the International Monetary Fund (IMF) completed the Second Review under the three-year extended credit facility (ECF) arrangement for the country, the multilateral lender said in a statement. According to IMF, […]

Abuja Airport: FAAN to effect new tariff for toll fare from July 17 The Federal Airport Authority of Nigeria (FAAN) says it will effect a new tariff for toll fare at the Nnamdi Azikiwe International Airport (NAIA) from July 17. This is contained in a statement signed by the FAAN Management on Thursday in Abuja. […]

Resident Doctors Urge FG to Meet Association Demands The Nigerian Association of Resident Doctors (NARD) has issued a fresh notice to the Federal Government to meet its demands within two weeks or risk industrial disharmony in the health sector. The association said this in a communique issued on Wednesday after its virtual Extraordinary National Executive […]

South Africa Private Sector Activity Shrinks in June –S&P PMI The S&P Global South Africa purchasing manager index (PMI) came in at 48.7 in June 2023, pointing to the fourth consecutive month of contraction, but edging up from the previous month’s figure of 49.6. The decline in client demand led to a continued decrease in […]Read More

Developing Countries Face $4trn Inv. Gap in SDGs – UN The UN Conference on Trade and Development (UNCTAD) on Wednesday warned that a green future would remain out of reach if the world doesn’t help developing countries close a two-trillion-dollar gap in investment toward an energy transition. According to a new UNCTAD report, developing countries […]

Money Market Rates Slump as CBN Ignores Excess Liquidity Buying interest spiked in the Nigerian Treasury bills’ secondary market amidst robust liquidity levels in the financial system. The sustained healthy liquidity in the market was a result of the apex bank’s refusal to mop up excess liquidity via open market operation. Data showed that money […]