Currency traders foresee fluctuations in Nigeria’s naira, Kenya’s shilling, and Zambia’s kwacha in the upcoming week, while Ghana’s cedi and Uganda’s shilling are expected to maintain stability, according to Reuters reports. Kenya’s Shilling The Kenyan shilling is anticipated to continue its gradual decline due to heightened foreign currency demand across sectors leading up to year-end. Read More…
Mr. Babatunde Irukera, the Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has cautioned consumers about an impending surge in counterfeit online stores aiming to deceive shoppers during the ‘Black Friday’ sales frenzy. In a statement released Thursday in Abuja, Irukera highlighted the FCCPC’s receipt of credible intelligence indicating a projected Read More…
Retirees Mrs. Majekodunmi Bolanle, aged 66, and Mrs. Kuburat Animashaun, aged 64, have embraced new pursuits to engage their hands and rejuvenate their minds. Both grandmothers willingly enrolled at the Lagos State Skills Acquisition Centre in Agidingbi to enhance their skill sets, diving into computer operations and software, a new vocation they eagerly pursued. These Read More…
A partnership between WaterAid and the Lagos State Government resulted in the unveiling of a newly installed 6,000-litre solar-powered borehole, refurbished toilets, and handwashing stations at Community and LGA Primary schools in Ijegun. Evelyn Mere, WaterAid Nigeria’s Country Director, emphasised that the commissioning, coinciding with World Toilet Day 2023, marked a significant step. The project Read More…
Sterling Bank Limited, a leading financial institution in Nigeria, has clinched the prestigious title of the 2022 Overall Best Workplace in Nigeria, affirming its consecutive win in the large corporate category awards hosted by Great Place to Work (GPTW). This year marks Sterling Bank’s continuous triumph in claiming the overall best workplace award by GPTW Read More…
In Berlin, Nigerian and German firms have solidified their economic partnership by signing two significant agreements, announced a presidential spokesperson. The deals encompass a substantial $500 million renewable energy pact and a gas export arrangement, marking a pivotal step in bolstering ties between the nations. Union Bank of Nigeria and Germany’s DWS Group sealed a Read More…
The House of Representatives has greenlit the medium-term expenditure framework for 2024-2026, a critical set of assumptions shaping the country’s upcoming budgets. The outlined projections, ratified by President Bola Tinubu’s cabinet before reaching the National Assembly, anticipate the naira to hover around 700 Naira per dollar in 2024, gradually strengthening in the subsequent years. The Read More…
Amidst high-stakes discussions about the future of OpenAI, the company has announced the return of Sam Altman as CEO, just days after his abrupt removal, marking a significant turnaround for the AI powerhouse. The reinstatement of Altman follows intense negotiations, leading to an agreement that also involves a major overhaul of the board of directors, Read More…
In a groundbreaking development, the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, unveiled plans for the potential re-establishment of a national shipping line through a strategic public-private partnership (PPP) arrangement. Speaking at the inaugural stakeholders roundtable focused on Advancing Sustainable Development in Nigeria’s Marine and Blue Economy, held in Lagos, Oyetola expressed the Read More…
The National Bureau of Statistics (NBS) has released its comprehensive reports on fuel prices, revealing an alarming surge in October 2023 compared to previous years. The average retail price of petrol experienced a substantial upswing from N195.29 in October 2022 to a staggering N630.63 in the same month of 2023, marking a significant 222.92 per Read More…
