As of June 11, Nigeria has reported alarming figures of cholera outbreaks, with 1,141 suspected cases and 65 confirmed cases resulting in 30 deaths across 96 Local Government Areas in 30 states including Lagos. The Nigeria Centre for Disease Control and Prevention (NCDC) has issued a stern warning regarding the increased spread of cholera through Read More…
News
Naira slightly depreciates against Dollar, currency trading volume declines
The Naira experienced a slight depreciation on Thursday, trading at N1476.24 to the dollar at the official market, according to data from the FMDQ Exchange. This marks a decrease of N2.58 or 0.17% compared to the previous trading day, where it traded at N1,473.66 to the dollar. Furthermore, the volume of currency traded reduced significantly, Read More…
President Tinubu congratulates Otunba Adekunle Ojora and Dr. Ngozi Okonjo-Iweala on their birthdays
President Bola Tinubu extended heartfelt congratulations to Otunba Adekunle Ojora on his 92nd birthday and to Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, on her 70th birthday. Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, issued a statement on Thursday, emphasising President Tinubu’s celebration of both distinguished individuals. In Read More…
NFF to hire expatriate technical adviser amidst World Cup Qualifier struggles
The Nigeria Football Federation (NFF) announced plans to employ an expatriate technical adviser for the Super Eagles in the coming weeks. This decision, aimed at bolstering the team’s performance ahead of the Africa Cup of Nations (AFCON) qualifiers and remaining FIFA World Cup qualifying matches, was revealed in a communiqué issued following the Federation’s executive Read More…
World Bank approves $2.25 billion loan to bolster Nigerian economy
The World Bank has approved a $2.25 billion loan for Nigeria aimed at stabilising the economy following recent reforms and enhancing support for the nation’s poor, the financial institution announced in a statement on Thursday. In April, Finance Minister Wale Edun revealed Nigeria’s intent to secure up to $2.25 billion in loans from the World Read More…
G7 summit concludes with focus on China and historic papal appearance
The Group of Seven (G7) leaders are set to wrap up their annual summit on Friday, with discussions heavily centered on China before a historic appearance by Pope Francis to deliberate on artificial intelligence (AI). The inclusion of the Pope, alongside 10 other heads of state and government, including India’s Prime Minister and Jordan’s King, Read More…
Nigerian Exchange gains momentum with ASI climbing 0.20%, robust trading activity
The Nigerian stock market demonstrated resilience and moderate growth as the All-Share Index (ASI) inched up by 0.20%, closing at 99,832.25. This increment, though modest, reflects a positive sentiment among investors as they navigate the diverse landscape of listed equities on the Nigerian Exchange, including those on the Growth Board. The day saw a substantial Read More…
President Tinubu stumbles during Democracy Day ceremony in Abuja
It was not meant to be a big deal but it became headline news for the media especially foreign press The BBC reports that during the celebration marking 25 years of democracy in Nigeria, President Bola Tinubu slipped and fell. The incident occurred as the 72-year-old president ascended the steps of a vehicle intended to Read More…
NGX index closes flat despite active trading
On June 11, 2024, the Nigerian Exchange’s All-Share Index (ASI) experienced a modest decline. The ASI, which monitors the overall market movement of all listed equities, including those on the Growth Board, closed at 99,630.51 points. This represents a slight decrease of 0.16% from the previous trading day. This dip indicates a cautious approach among Read More…
Hunter Biden convicted for illegally purchasing gun, first presidential child found guilty
On June 11, President Joe Biden’s son, Hunter Biden, was found guilty by a federal jury of lying about his drug use to illegally purchase a firearm. The conviction marks a historic moment, making Hunter Biden the first child of a sitting U.S. president to be convicted of a crime, according to Reuters. The jury Read More…