Nigeria’s international dollar-denominated bonds experienced a decline on Wednesday in response to remarks from the president’s spokesperson, who emphasised that petrol prices need not escalate further. The spokesperson attributed foreign exchange shortages to what he termed “gross mismanagement” at the central bank. Of note, bonds with extended maturity dates witnessed more pronounced drops. The 2051 Read More…
After a successful six-year stint with Paris St Germain, Neymar da Silva Santos Júnior, known as Neymar Júnior or mononymously as Neymar, has embarked on a fresh journey, signing a two-year contract with Saudi Arabia’s Al-Hilal. The Brazilian forward’s time with PSG yielded multiple domestic trophies but not the coveted Champions League title the club Read More…
In a significant commitment to empowering Nigerian women and youth, Google has unveiled plans to train 20,000 individuals in digital skills while also extending a substantial grant of 1.2 billion naira ($1.6 million) to support the government’s ambitious target of generating one million digital jobs across the country. This announcement was made by Google’s Africa Read More…
Nigeria finds itself grappling with a severe dollar liquidity crisis within its foreign exchange market, a predicament stemming from years of “gross mismanagement” at the central bank, as underscored by a statement from a presidential spokesperson on Tuesday. President Bola Tinubu’s tenure has ushered in an investigation into the operational practices of the central bank, Read More…
Nigerian central bank governor Godwin Emefiele, currently suspended and detained, faces a 20-count indictment, including the charge of “conferring unlawful advantages,” as revealed by government prosecutors on Tuesday. President Bola Tinubu, a driver of substantial reforms within Africa’s largest economy in over a decade, has initiated an investigation into the central bank under Emefiele’s leadership. Read More…
As part of the Lagos COVID-19 Action Recovery and Economic Stimulus Programme (Lagos-CARES), a total of 1,531 processing and producing farmers have received diverse farm assets. The distribution took place at the Lagos Farm Service Centre in Agege on Tuesday. Mr Jonathan Obayemi, the State Project Coordinator for FADAMA, announced that the assets would be Read More…
Lagos State Governor, Mr Babajide Sanwo-Olu, has appealed to citizens to rally behind the government’s policy initiatives, emphasising the pivotal role of public relations in building mutual trust and understanding. Speaking at the 17th International Public Relations Congress organized by the Business Education Examinations Council (BEEC), Governor Sanwo-Olu underscored the importance of re-establishing trust and Read More…
Over 50 male perpetrators of domestic violence have recently taken part in a series of support and healing group therapy sessions organised by the Lagos State Domestic and Sexual Violence Agency (DSVA). According to a statement by DSVA’s Executive Secretary, Titilola Vivour-Adeniyi, these sessions were designed to address the escalating issue of domestic violence within Read More…
The National Bureau of Statistics (NBS) has revealed a striking surge in Nigeria’s headline inflation rate, which has vaulted to 24.08% in July 2023. This alarming revelation was underscored by the NBS Consumer Price Index (CPI) and Inflation Report for July, disclosed in Abuja on Tuesday. The report spotlights the primary catalysts of this escalation: Read More…
