A Remarkable Feat for Mental Health Awareness Akinrodoye Dare, known as Coach Dreh, etched his name in history by completing an extraordinary swim across the Third Mainland Bridge in Lagos. In a daring feat that lasted two hours and 33 minutes, he covered the entire 11.8-kilometre length of the bridge, defying all odds and raising awareness about mental health, suicide, Read More…
Nigeria’s trade picture for Q4 2023 shows a mixed bag, according to the National Bureau of Statistics (NBS) report on Commodity Price Indices and Terms of Trade. While export prices edged up, import costs rose at a faster pace, leading to a slight decline in the overall terms of trade. “The All-commodity group export price Read More…
In a significant move, the Central Bank of Nigeria (CBN) has introduced new minimum capital requirements for banks, aiming to bolster their financial stability and enhance their capacity to support the Nigerian economy. Here are the key details: New Capital Thresholds: Implementation Timeline: Strategies for Compliance: The CBN encourages banks to explore various avenues to Read More…
The National Bureau of Statistics (NBS) has released a concerning report on Nigeria’s public debt stock, which has surged to N97.34 trillion ($108.23 billion) in the fourth quarter of 2023. This represents a 10.73% increase from the previous quarter, with Lagos State leading the charge in both domestic and external debts. The NBS report indicates Read More…
I believe that every man and woman is entitled to subscribe to whatever religion they fancy. I believe that religion is designed primarily to draw God’s creatures to Him. As someone privileged to have a rich admixture of Muslims, Christians and Ifa devotees within the extended family, I have come to realise that religious bigotry Read More…
Despite Central Bank efforts, currency plunges below parallel market rates In a disconcerting turn of events, Nigeria’s naira has plummeted to a new record low during intraday trading on Thursday, as reported by FMDQ Exchange data. This decline occurred despite the central bank’s vigorous efforts to stabilize the currency by selling dollars and infusing liquidity Read More…
Brace yourselves, Nigerians! The nation stands on the cusp of two potentially aggressive interest rate hikes in quick succession, a Reuters poll revealed on Friday. This bold move aims to curb soaring inflation and bolster the battered naira currency. After a two-meeting hiatus, the Central Bank of Nigeria (CBN) is poised to hold its first Read More…
Former Nigerian Bar Association president Olumide Akpata sailed to victory in the Labour Party’s primary election, securing the party’s nomination for the upcoming Edo governorship election scheduled for September 21st. Akpata garnered a convincing 316 votes, leaving his closest contender, Kenneth Imansuangbon, far behind with just seven votes. Professor Sunday Eromosele and Sergius Ogun managed Read More…
President Bola Tinubu is determined to steer Nigeria through economic headwinds, emphasising his unwavering commitment to reforms and investments that support businesses and create opportunities for the growing population. “We are right in the middle of a challenging stage of our reforms. We have headwinds, no doubt, but we are not going back,” he declared Read More…
Coronation Group Ltd, the proud title sponsor of the 2024 Lagos Polo Tournament Silver Cup, reaffirmed its dedication to fostering the growth of polo in Nigeria during the finals of the prestigious tournament held at the Lagos Polo Club, Ikoyi. Wole Onasanya, the Chief Executive of Coronation Group, underscored the company’s unwavering support for the Read More…
