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‘He’s suffering from narcissistic personality disorder’ — Fayemi berates Afe…
Kayode Fayemi, a former governor of Ekiti, has criticised Afe Babalola, a senior advocate of Nigeria (SAN), for saying previous governors of the state “abandoned the vision of those who laboured for its creation”. On…
BREAKING: Access Holdings to acquire National Bank of Kenya Limited
Access Holdings has announced plans to acquire the National Bank of Kenya in its first major deal since the death of Herbert Wigwe. This is sequel to an earlier report from Nairametrics on the announced sale of…
CJN to receive N5.39m monthly as Reps pass judicial officers salaries bill
The House of Representatives has passed a bill for an Act for upward review of the salaries, allowances, and fringe benefits of judicial office holders in the country, with a total monthly package of N5.39m for the Chief…
Ikpeazu reacts to Abia Assembly’s bill stopping pension for ex-governors, deputies
A former governor of Abia State, Okezie Ikpeazu, has reacted to the recent passage of a bill by the Abia House of Assembly stopping the payment of pensions to former governors and their deputies in the state.…
Argentines buying bitcoin instead of US dollars to tackle country’s inflation
Argentines are ditching the US dollar and are increasingly opting for Bitcoin as the coin price reached a record high this month. This pattern continues to reoccur as the country’s citizens seek a remedy to the…
Tinubu proposes new salaries, allowances for judicial officers
President Bola Tinubu has submitted a proposal to the Senate on the salaries and allowances of judicial officeholders in the country. This is contained in a letter addressed to Senate President Godswill Akpiabio and…
BREAKING: Senate urges FG to stop planned removal of electricity subsidy
The Senate on Wednesday, February 21, urged the federal government not to remove electricity subsidy given the present hardship in the country. The resolution of the Senate followed its consideration and approval of…
BREAKING: Senate passes Student Loan Act Bill
The Senate on Wednesday, March 20, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. The resolution of the Senate followed its consideration of the report of the Senate…
FULL NAMES: Mamu, 14 others, BDCs indicted for terrorism financing
Following the directive of the Federal Government, the Nigerian Sanctions Committee on Monday, March 18, revealed the identities of 15 entities including nine individuals and six Bureau De Change firms that have been…
Energy transition failing… countries should abandon fantasy of phasing out oil – Saudi Aramco…
Amin Nasser, chief executive officer (CEO) of Saudi Aramco, says the energy transition is failing and countries should abandon the “fantasy” of phasing out oil and gas. Nasser spoke on Monday, at the CERAWEEK conference…
Ex-Brazil star, Dani Alves gets €1m bail ahead rape conviction appeal
Former Brazil international footballer, Dani Alves, is to be released from jail pending an appeal against his rape conviction in exchange for posting bail of one million euros ($1.08 million), a Barcelona court said…
U.S. blocks G7 statement condemning Russia’s presidential election – Report
U.S. Secretary of State Antony Blinken blocked the release of a statement by the Group of Seven (G7) condemning the presidential election in Russia, la Repubblica newspaper reported, citing sources familiar with the…
Foreign students likely using university courses as cheap means to obtain visas, UK laments
The United Kingdom Home Secretary, James Cleverly, has said that international students may be “undermining the integrity and quality of the UK higher education system” by using university courses as cost-effective means of…
South Africa’s consumer inflation rises to 5.6%, increases for the second time in a row
South Africa’s consumer inflation increased for the second time in a row in February, inching closer to the Central Bank’s upper target. Economists in the country stated this could imply longer waits for rate cuts. …
CBN further reduces exchange rate for cargo clearance by N20.91
The Central Bank of Nigeria has reduced the exchange rate for cargo clearance at Customs area command to N1572.50 from N1593.41 just two days ago. This represents a drop of N20.91 in just a few days. In the past few days as…
Egypt allocates $2.6bn for bread subsidies in 2024/2025 budget
Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to a statement by Mohamed Mait, the country’s Finance minister. According to Reuters,…
Shaibu’s bid to stop impeachment move fails
Justice James Omotoso of the Federal High Court in Abuja has refused to grant an ex-parte motion filed by Edo Deputy Governor Philip Shaibu. Shaibu had filed a motion before the Federal High Court in Abuja seeking seeking…
Drake gifts pregnant fan $25,000 during concert
Renowned Canadian rapper Drake has generously gifted a pregnant fan $25,000 who asked him to be her rich baby daddy. According to People Magazine, this happened at the Frost Bank Financial Center in San Antonio, Texas,…
BREAKING: NLC shuts LP secretariat, demands Abure’s sack
The Nigeria Labour Congress (NLC) on Wednesday stormed the secretariat of the Labour Party to protest the party’s national convention planned for end of this month. The…
Loan sharks target poor citizens, exploit, violate privacy rights
• 215 lenders registered, 47 delisted, over 71 apps operating illegally• 88 illegal firms on watch list• Better regulation underway – FCCPC• Citizens Gavel: We received over 600 complaints lately Worsening economic…
Dollar is now N1,560.57 at official FX market
One dollar is currently quoted at N1,560.57 on the official market, indicating a stronger naira driven by foreign exchange (FX) reforms. The summary of the FX trading on Tuesday revealed that the naira appreciated by…
Nigeria’s ‘secret’ petrol subsidy drains oil gains
Rising crude oil prices are set to send Nigeria’s ‘secret’ bill for fuel subsidies rocketing, threatening to exacerbate the already precarious economic situation of Africa’s largest oil producer, BusinessDay’s…
Undersea cable cut: Telcos, Cable Coys narrate service restoration pressure, undercurrents
*Our Engineers worked beyond normal schedules – Telcos *We activated service agreement with ACMA -MainOne *We added 2 Terabits per second of capacity across the unaffected cables – WIOCC Last Thursday,…
Akpabio Under Fire For Linking Soldiers’ Killing To Mercenaries
Civil society organisations and a security expert have criticized Senate President Godswill Akpabio for linking Thursday’s killings of 16 military personnel in Delta State to foreign mercenaries. The troops were…