The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun had recently announced plans to initiate the issuance of domestic bonds denominated in foreign currency in the second quarter of this year. A Bloomberg report on Monday quoted the Director General of DMO, Ms. Patience Oniha as saying that the agency was…

In a move that will significantly alter the Nigerian Electricity Supply Industry (NESI), the Nigerian Electricity Regulatory Commission (NERC), on Monday, in an Order, kick-started the process of handing over its regulatory oversight power to the Enugu State Electricity Regulatory Commission (EERC) in compliance with the new Electricity Act, 2023. In essence, when the process…

Australia’s Federal Court instructed X, previously known as Twitter, to temporarily conceal posts displaying video footage of the incident, which occurred a week prior. The attack involved a teenager charged with terrorism for assaulting an Assyrian priest and others with a knife. Although X stated it had already restricted access to the posts for Australian…

The value of the naira dipped on Monday at both the official and parallel markets after it had been on a gaining streak for six weeks.  It declined at the parallel market, closing at N1,250/$1 as against N,150/$1 which it exchanged over the weekend, indicating a N100 loss. At the official market known as  Nigerian…

The CBN Governor, Mr. Olayemi Cardoso, who disclosed this in Washington DC on Saturday also said that the task force formed by the apex bank to handle the process of remittance inflows into Nigeria will be reporting directly to his office. In an apparent sense of pride and confidence, Cardoso has also stated that the…

Rivers State Governor, Mr Siminalayi Fubara, has stated that those causing crisis in the state lack integrity, stressing that the real people with integrity and character, are solidly standing with his administration. The Governor emphasised that, in life, it is more profitable for an individual to acknowledge what is right, and refuse to yield to…

Nigeria has called on both Israel and Iran to exercise restraint in the ongoing face off between the two countries. Nigeria’s call was made in a press statement on Sunday by the spokesperson of the Ministry of Foreign Affairs, Mrs.Francisca Omayuli . The statement read: “The Federal Government of Nigeria joins other Members of the…

The federal government in collaboration with the African Union (AU) through the African Union – Interafrican Bureau for Animal Resources (AU-IBAR) is set to develop a national Blue Economy Strategy for Nigeria. This was revealed by the Minister Of Marine and Blue Economy, Adegboyega Oyetola at a stakeholders consultative workshop to define priority issues for…

Nigeria’s Federal Government on Tuesday, approved Thursday as an additional public holiday to celebrate Eid -El-Fitr. This was disclosed in a statement signed by the permanent secretary of the ministry of Interior, Aishetu Gogo Ndayako, posted on the Ministry of Interior’s X page on Tuesday. The statement read “The Federal Government has approved Thursday 11th April,…

Officials reported on Monday, April 8, that South Africa’s coastal province of Western Cape, including Cape Town, has been hit by heavy winds, storms, and intense rainfall, leading to at least one fatality. The extreme weather conditions prompted the closure of schools and highways, particularly in the Cape Winelands, Overberg, and West Coast regions, where…