Namibia’s President Hage Geingob Dies In Hospital
Namibia’s President Hage Geingob died early Sunday in a hospital in Windhoek, his office said. He was 82. Geingob, who was serving his second term as president and was his…
FG to Set up Committee on Drop in Power Supply-Minister.
FG to Set up Committee on Drop in Power Supply-Minister. The Minister of Power, Mr Adebayo Adelabu says the Federal Government is to set up a committee to resolve power…
Nigeria US Dollar Bonds Yield Rises to 10.2%
Nigeria US Dollar Bonds Yield Rises to 10.2% Selloffs experienced at the international debt capital market on Nigeria’s sovereign Eurobonds market segment provoke a marginal spike in the yield curve.…
Nigeria Customs Adjusts Exchange Rates on Import Duties
Nigeria Customs Adjusts Exchange Rates on Import Duties The Nigeria Customs Service has adjusted the exchange rates for import duties on goods coming to the country. The adjustment comes as…
Naira Skids as 24hrs Banks FX Offload Disappoint
Naira Skids as 24hrs Banks FX Offload Disappoint The Naira depreciated by 0.43% against the US Dollar in the Nigeria autonomous window, closing at a rate of ₦1461.90 as foreign…
Demand for Treasury Bills Drag Yield Below 9%
Demand for Treasury Bills Drag Yield Below 9% The latest buying interest in the secondary market on Nigerian Treasury bills dragged the average yield down 10 basis points to 8.85%.…
Airtel Africa Posts Negative EPS as FX Loss Damaged Results
Airtel Africa Posts Negative EPS as FX Loss Damaged Results Earnings plunged as telecommunication company Airtel Africa Plc.’s nine months of the financial year 2024 financials showed a 1.4% decline…
Dramatic Scenes As Sister Of Offa Robbery Suspect Detained After Giving Evidence
Police yesterday arrested a witness of one of the five April 5, 2018, bloody Offa, Kwara state robbery suspects, Omolara Ogundiran in court premises. Omolara, a graduate of Ire Poly,…
CBN Removes Restrictions on Exchange Rates Quote by IMTOs
CBN Removes Restrictions on Exchange Rates Quote by IMTOs The Central Bank of Nigeria (CBN), has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators…
Akeredolu Loyalists Dominate Aiyedatiwa’s Cabinet Picks
Ondo state governor, Lucky Aiyedatiwa, has nominated former aides of late Governor Oluwarotimi Akeredolu as his commissioners and special advisers. Those who were nominated were said to have backed Aiyedatiwa…