As the campaigns for the 2023 polls gather momentum, three of the leading presidential candidates yesterday gave indications of how they would revive Nigeria’s failing economy. Presidential candidate of the ruling All Progressives Congress (APC), Sen. Bola Tinubu, said the cooperation and support of the private sector was required to implement the reforms in his […]
Saudi Aramco’s continued its historic run yesterday, achieving a profit surge of 39 percent in the third quarter of 2022 and surpassing the average forecasts. Profits of the most profitable oil company in the world hit $42 billion after revenue soared 51 percent during the period under review. Aramco said the results were primarily driven […]
The Jikinya Dance Festival has made a comeback following a two-year absence owing to successive Covid 19 lockdowns, with provincial finals slated for November 11. The national showdown will be held on November 24 at Winery Hall in Gweru. The festival, a partnership between the National Arts Council of Zimbabwe (NACZ) and the National Association […]
Prince Mangosuthu Buthelezi has slammed the ANC government for excluding him from the gala dinner held after King Misuzulu Sinqobile kaZwelithini’s coronation on Saturday. He addressed the media virtually on Tuesday in his capacity as the traditional prime minister of the Zulu monarch. “This is part of the ANC’s vendetta against me,” said the 94-year-old […]
The decision by Nigeria’s Borno State to shut down its camps for people displaced by the Boko Haram conflict has pushed over 200,000 people into deeper suffering and destitution Borno State is harming hundreds of thousands of displaced people already living in precarious conditions to advance a dubious agenda to wean people off humanitarian aid. […]
The federal government of Nigeria and the African Tax Administration Forum (ATAF) have announced their resolve to stop tax waivers and incentives to high-net-worth individuals (HNWIs) and multinationals in Nigeria and other African countries. The Executive Secretary of the African Tax Administration Forum (ATAF), Mr. Logan Wort, and the Executive Chairman, Federal Inland Revenue Services […]
The United States questioned the OPEC+ resolution on oil and gas output, calling it a “short-sighted decision.” Brent crude, the international benchmark, has fallen from $123 in mid-June to $93.50 in September, a 24% change. OPEC+ resolved to cut daily oil production output by two million barrels on October 5, 2022. The OPEC+ resolution aggravates […]
Researchers have linked an invasive mosquito to recent malaria outbreaks. The species thrives in urban areas and threatens to undo progress in eradicating the disease An invasive species of mosquito was likely responsible for a large malaria outbreak in Ethiopia this year, scientists said on Tuesday. Ethiopian scientist Fitsum Tadesse presented research that suggests a […]
President Muhammadu Buhari has extended heartfelt condolences to the Amaechi family, the government and people of Anambra State and Ohanaeze Ndigbo on the passing of Chief Mbazulike Amaechi, elder statesman, First Republic parliamentarian and minister of aviation. The president in a statement by his media aide, Garba Shehu joined them and other Nigerians in mourning […]
Global chocolate industry valued at more than $100 billion per year, top cocoa producers make only 6 percent Brussels boycott: Top cocoa producers, Ghana and Ivory Coast, have boycotted a major industry meeting that was to be held in Brussels. The two top cocoa producers are at loggerheads with multinational chocolate conglomerates decrying what they […]
A 72-year-old Kano-based businessman, Yahaya Imam, has sued Azman Air Services before a Federal High Court sitting in Kano presided over by Justice Simon A. Amobida over failed service and inability to tender an apology. Appearing before the court for mention, counsel for the plaintiff, Barr Umar Usman, filed an application in respect of breach […]
An across-the-board rise in loans and advances by Nigeria’s Tier-1 lenders in the first nine months of the year led to increased interest income earnings in the banks, their results for the period have revealed. Other sources of interest income growth were investments in fixed-income securities, their results also indicated. First Bank, United Bank for […]
Minister of information and culture, Alhaji Lai Mohammed yesterday said that the terror alert issued by the United States and the United Kingdom high commissions in Nigeria affected the economy of the country negatively. Mohammed who also lamented that his ministry is incapacitated in the war against fake news, disinformation and hate speech ravaging Nigeria, […]
Economic and finance experts have said the move by the Central Bank of Nigeria (CBN) to redesign and print new N200, N500 and N1000 denominations would have no major effect in lowering the rising inflation in the country. This is against the belief in some quarters that the plan of the apex bank can actually […]
Security experts have said the terror alert on Abuja is a ploy by the United States and its allies to destabilise the country. The experts who faulted the publication of the alerts, said the foreign embassies are riding on lack of trust between Nigerians and their government. A public and private security analyst and trainer, […]
The news of the death of popular singer, Davido’s first son, Ifeanyi has been received with shock with popular Nigerians and fans mourning and sending their condolences. Ifeanyi was said to have drowned in a swimming pool at the singer’s residence in the Banana Island area of Lagos State. It was gathered that Davido and […]
African countries will require an average of $40 billion power grid investments annually for about five years to deliver stable electricity to citizens on the continent, the Group Managing Director, Sahara Power Group, Kola Adesina, has said. Making the assertion while delivering a keynote address on ‘The Future of Power in Africa’ at the Lagos […]
Naira plunged rapidly between Monday and Tuesday to more than 840 in Abuja a week after the the Central Bank of Nigeria said it will replace higher notes. Operatives of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid […]