Nigeria, Angola Reject OPEC’s Oil Quota Cut
Nigeria and Angola have opposed a reduction in their crude oil production quotas by the Organisation of Petroleum Exporting Countries. On Tuesday, Bloomberg reported that OPEC was no closer to…
Presidency Backs CBN on Recapitalization as Investors Rush for Mega-banks Stocks
The Presidency on Tuesday expressed support for the banking sector consolidation initiative of the Central Bank of Nigeria, saying it would help the country to grow the economy to a…
IATA Reveals Aviation Industry Yet to Fully Recover From Pandemic Losses
The International Air Transport Association said the aviation sector is still recovering from losses of the pandemic which crippled flight operations globally. Africa lost an estimated $7.7bn in the aviation…
2024 Budget Targets Macro Economic Stability, Investments, Jobs Creation
President Bola Tinubu today presented the 2024 budget estimate of N27.5 trillion with strong focus on defence, internal security, local job creation to the National Assembly. The budget will also tackle…
Hopes of Gaza Truce Extension as More Hostages Set to Be Freed
Talks over a possible extension of the temporary ceasefire between Israel and Hamas are continuing in Qatar Israel says it's received a list of hostages held in Gaza who could…
Fresh Protest Breaks Out in Kano Over Appeal Court Judgment
Protesters are currently on the streets of Kano over the sacking of Governor Abba Yusuf by the Appeal Court. Two weeks ago, the appeal court panel upheld the verdict of…
Supreme Court Rules on Old, New Naira Notes Co-existing Beyond December
The supreme court has ruled that old and new naira notes will co-exist as legal tender until further notice. You will recall that the apex court in March 2023 extended the deadline…
Emefiele’s Alleged N1.6bn Fraud Case Adjourned to Jan 2024
Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The court adjourned the trial of…
