Senegal’s new president announces oil, gas and mining sector audit
Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors they were welcome in the country. Faye defeated the ruling coalition’s candidate in a March election by a landslide, reflecting high hopes for change […]
Nigeria hikes electricity tariff for bigger consumers in subsidy cut
Nigeria’s electricity regulator on Wednesday approved an increase in tariffs for better off consumers who use the most power as the government tries to wean the economy off subsidies to ease pressure on public finances. On Tuesday, presidential spokesperson Bayo Onanuga told Reuters that the government planned to axe an electricity subsidy for 15% of consumers to […]
Naira sells below 1,280/$ at official, parallel markets
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase of N30.81 at the close of trading activity. According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market […]
N855m fraud: Appeal Court upholds 5-year conviction of bankers
The Lagos Division of the Court of Appeal has upheld the judgment of a Lagos State High Court, which sentenced two officials of Keystone Bank, Anayo Nwosu and Olajide Oshodi, to five years imprisonment over an N855 million fraud.The Appeal Court, in a unanimous judgment delivered by Justice Folasade Ojo, dismissed the separate appeals by […]
Diesel price drops as Dangote sells N1,225/litre, Supplies Petrol
The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by the Dangote Petroleum Refinery. It was gathered on Tuesday that the $20bn worth refinery started pumping […]
Knowledge and Intelligence
By Timothy Alor Do you really know something if you can’t remember it? knowledge relies almost exclusively on a person’s ability to remember what he or she has learned. Proof of knowledge comes from demonstration of knowledge; if you can’t recall a fact, then for all intents and purposes you never learned it. Dictionary meaning […]
FG asks applicants to submit NINs for trade grants
The Ministry of Industry, Trade, and Investment has directed applicants of the Presidential Conditional Grant Scheme to submit their National Identification Numbers as part of the necessary requirements to obtain a grant earmarked to cushion the effect that recent economic reforms have had on businesses in the country. The government through the Bank of Industry […]
South Africa’s MTN annual profit slumps on Nigeria naira devaluation
Africa’s biggest telecoms operator MTN Group (MTNJ.J), opens new tab on Monday reported a 72.3% tumble in full-year profit as a sharp devaluation in the Nigerian naira pushed its biggest unit MTN Nigeria (MTNN.LG), opens new tab to a loss. South Africa-headquartered MTN said its headline earnings per share – one of the main profit measures – fell to […]
Nigerian army rescues abducted Kaduna students
The Nigerian army on Sunday rescued students and staff who were abducted by gunmen from a school in the country’s north earlier this month, the military said, days before the deadline for a ransom payment. School officials and residents had said 287 students were taken on March 7 in the town of Kuriga in the […]
President Tinubu Bars Foreign Trips for Nigerian Officials
President Bola Tinubu has issued a directive to his officials not to make any foreign trips unless it was “deemed absolutely necessary”. A communication from the office of the president cited the need “for responsible fiscal management” in light of the difficult econmic situation the country is faced with. The president said exemptions would need […]
Nigeria: Tinubu Cautions National Assembly Against Excessive Summons of Govt Officials
President Bola Tinubu has appealed to members of the National Assembly to exercise restraint in summoning heads of ministries, departments, and agencies of government (MDAs) to appear before parliamentary committees. Speaking at the breaking of Ramadan fast (Iftar) on Wednesday evening in Abuja with the Speaker of the House of Representatives, Tajudeen Abbas, and the […]
Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers would have their fingers burnt. The naira gain came a day after the local currency […]
The Best Posture & Movement Tips For Folks Who Sit All Day
By Omidoyin Dorcas In today’s fast-paced world, many of us find ourselves spending prolonged hours glued to our chairs, whether at work or during leisure time. While sitting might seem harmless, it can take a toll on our bodies, leading to issues like poor posture, muscle stiffness, and even chronic pain. But fear not! With […]
Debunking Myths: Intermittent Fasting and Heart Health
By Dorcas Omidoyin In the quest for weight loss and overall health improvement, many turn to intermittent fasting (IF) as a potential solution. With its promises of shedding pounds and boosting metabolism, IF has gained popularity in recent years. However, amidst the hype, concerns have emerged about its impact on heart health. So, let’s delve […]
A Journey to Yes
By Israel Faith Life indeed comes with its ups and downs on every road deferring from individuals. For years, a tireless search has been a burden driving Alex, hoping to stumble upon the one who would seal up the accessible pathway to his heart. Setbacks and heartaches were numerous along the way, without relenting, Alex […]