Fitch downgrades U.S credit ratings to ‘AA+’ from ‘AAA’
Fitch Ratings on Tuesday downgraded the United States Long-Term Foreign-Currency Issuer Default Rating from ‘AAA’ to ‘AA+’. The global credit rating agency is simply saying that it is less confident in the ability…
Tinubu’s power reforms target six DisCos’ ownership, management
The ownership and management structure of at least six indebted electricity distribution companies (DisCos) would be changed in new reforms planned for the power sector, says Nasir El-Rufai, the ministerial…
Immigration To Introduce New Visa Regime, ‘Economic Trust Visa’
The Acting Comptroller-General of Nigeria Immigration Service (NIS), Caroline Adepoju, has disclosed that the Service is planning to introduce a new visa regime, named: “Economic Trust Visa”. She disclosed this…
Simon Ekpa: Match Your Words With Action, Ohanaeze Tells Senate
Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo Youth Council Worldwide has urged the Senate to march words with action towards ensuring a swift action by the Federal Government in handling Finland-based…
Tinubu’s Broadcast Bereft Of Concrete Plan – PDP
The Peoples Democratic Party (PDP) has said the National broadcast of President Bola Tinubu shows that the All Progressives Congress (APC) led federal government lack focus and leadership to steer the country from…
Twins Bag First Class, Couple Earn PhD At Babcock
A set of twins was among the 136 First-Class graduates that Babcock University (BU), Ilishan-Remo, Ogun State, produced during the 2022/2023 convocation. Ngozi Nancy Philip of the Faculty of Education graduated…
Mane Joins Saudi Side Al-Nassr From Bayern
Bayern Munich’s Senegal forward Sadio Mane has joined Saudi Pro League club Al-Nassr after one season with the Bundesliga champions, both clubs said on Tuesday. Financial details were not disclosed but media…
How four Nigerians survived 14 days in a Ship’s rudder to Brazil
Four Nigerians survived 14 days in a ship’s rudder to Brazil, which has been explained by welfare volunteers as a dangerous way to travel. This was disclosed in a report by Reuters on Tuesday afternoon after…
Spread of aircraft fire contained by rainfall – NSIB
The Nigerian Safety Investigation Bureau (NSIB) has said that the spread of the fire of the Jabiru J430, which occurred on Tuesday at the Oba Akran area of Lagos was contained by the rainfall at the time of impact.…
Naira To Strengthen To N700/$ As Tinubu Eyes Foreign Equity Investments — Wale Edun
The Nigerian naira should exchange at N700 per US dollar once the Central Bank of Nigeria has fully reversed all the damaging policies of the previous administration…
Senior Military Officers In Sierra Leone Arrested Over Plots To Attack State Institutions
Several senior military officers have been arrested in Sierra Leone, after weeks of political instability following the conclusion of presidential and general elections held on 24th of June 2023. According to a…
Nigeria’s power challenges will be over in 7 years – El- Rufai
Nigeria’s power challenges will be over within the next seven years with the implementation of the vision, plans and programmes of the President Tinubu’s government, Nasir El-Rufai, the ministerial nominee from Kaduna…
BREAKING: Helicopter crashes into building in Ikeja, Lagos (Photos)
A helicopter crash has occurred in Ikeja, specifically at Oba Akran, a suburb of Lagos. The incident happened near the AP filling station, causing chaos in the area. The…
H1 2023: FCMB Group Plc Reports 148% Profit Growth
FCMB Group Plc records positive financial performance across key indicators with a 148% growth in profit before tax of N38.2 billion from January to June this…
BREAKING: Tribunal reserves judgment in Atiku’s petition against Tinubu
The presidential election petition court has reserved judgment in the petition filed by Atiku Abubakar, candidate of…
Euphoria star, Angus Cloud, dies at 25
Angus Cloud, the actor who played Fezco in the HBO Drama, “Euphoria” has died. He was 25 years old. His family announced his demise in a statement on Monday. “It is with the heaviest heart that we had to say goodbye to an incredible…
Second Niger Bridge: FG Orders Patrol As Vandalism Rises
The Federal Government has ordered security agencies to beef up surveillance patrols around the Second Niger Bridge and its…
PBAT in bureaucratic limbo on palliative measures
It is encouraging to see that the federal administration has permanently halted the intended ₦8,000 cash palliative transfers to 12 million households as part of its attempts to mitigate the negative impacts of…
US banks face tighter credit, weak loan appetite – Fed Survey
A recent survey by the Federal Reserve shows that U.S. banks are tightening their credit standards and experiencing weaker demand for loans from both businesses and consumers. This is likely a result of the Federal…
Nigeria plans global investment roadshow ahead of NNPC IPO
A few weeks after the state-oil firms said it has secured the president’s consent to proceed with offering NNPC’s shares to the public, the oil sector regulator says it will soon commence an international investment roadshow…
Tinubu disagrees with EIU’s prediction of a return to CBN-controlled FX market
Nigeria’s President, Bola Tinubu, has expressed disagreement with the Economic Intelligence Unit’s (EIU) prediction of a return to a managed control exchange rate system. The analytical firm predicted on Friday a…
FX pressure piles as dealers bid at ₦900/$
Foreign exchange pressure in Nigeria has piled up as some dealers have quoted a bid price of N900 per dollar. The Economist Intelligence Unit (EIU) has predicted that the naira will cross 1,000/$ by 2027. The…
Gunfire heard in centre of Burkina capital Ouagadougou
Bursts of gunfire were heard early Tuesday in the centre of the Burkina Faso capital Ouagadougou near an airbase, an AFP…
Despite high tariffs, Customs revenue declines 7.1% as import volume drops
Despite increasing the tariffs paid on imports by over 82.3 percent due to the adjustments in the exchange rate for calculating import duties, the Nigeria Customs Service (NCS) has collected about 7.1 percent less…