Month: February 2024
In response to a recent interest rate hike, Nigerian stock market investors incurred losses amounting to N1.49 trillion over the span of two days, with major banking stocks like GTCO, Zenith Bank Plc, and UBA experiencing declines. The Monetary Policy Committee (MPC) announced a hike in the Monetary Policy Rate (MPR) to 22.75 percent from […]
Nigeria’s Securities and Exchange Commission (SEC) is reportedly investigating Binance and other cryptocurrency firms over allegations of currency manipulation, potentially leading to significant fines running into billions of dollars. The probe comes amidst concerns that such activities have exacerbated the country’s foreign exchange liquidity crisis. Binance, one of the world’s largest exchanges, has faced similar […]
The Independent Petroleum Producers Group (IPPG) has issued a call for prompt action on various ongoing and pending oil sector divestments in Nigeria, stressing the importance of indigenous participation and control in the country’s energy sector. Abdulrazaq Isa, Chairman of IPPG, delivered a goodwill message at the 7th edition of the Nigeria International Energy Summit […]
The Vice President, Kashim Shettima, has called for innovative approaches in hajj operations in Nigeria as he inaugurated the newly constituted board of the National Hajj Commission of Nigeria (NAHCON). According to a statement by Stanley Nkwocha, the Senior Special Assistant to The President on Media and Communications, Shettima emphasized the significance of serving pilgrims […]
In a significant move to enhance educational opportunities across Zamfara State, approximately 250 schools are set to receive a plethora of educational materials courtesy of the Zamfara State Government. The distribution ceremony, led by Governor Dauda Lawal, underscored the government’s commitment to empowering students and revitalizing the education sector in the state. At the handing-over […]
The Nigerian Communications Commission (NCC) has reiterated its decision not to extend the deadline for linking Subscriber Identity Module (SIM) cards to National Identification Numbers (NIN), set for February 28, 2024. Consequently, telecom operators are gearing up to deactivate approximately 12 million lines that remain unlinked to their owners’ NINs. Confirming the stance of the […]
President Bola Tinubu, in a recent address, urged patience from Nigerians amidst ongoing economic challenges, expressing his confidence in Nigeria’s eventual recovery. During a visit to the leader of Afenifere in Akure, President Tinubu acknowledged the hardships faced by Nigerians and emphasized his acceptance of responsibility for the situation. He stated, “I take full responsibility […]
President Joe Biden emerged victorious in the Democratic presidential primary held in Michigan on Tuesday, expressing appreciation to Michiganders for their support. However, the primary witnessed a notable protest vote from Democrats dissatisfied with Biden’s approach to the conflict between Israel and Hamas in Gaza. Early returns from the Democratic side revealed an unexpected surge […]
Russia has praised the Economic Community of West African States (ECOWAS) for its recent decision to lift certain sanctions imposed on departing member states Niger, Mali, and Burkina Faso following military interventions in civilian rule. In an official statement issued by the Russian Ministry of Foreign Affairs, it was stated, “The decisions made at the […]
The Jigawa Government has taken a compassionate step by approving the procurement of 27,000 bags of rice and 10,800 cartons of spaghetti for distribution to residents during the Ramadan season. This decision, made during a meeting of the State Executive Council, aims to alleviate the hardships faced by people due to the soaring costs of […]
