The Presidential candidate of the New Nigeria People’s Party and national leader of the Kwankwasiya movement, Rabiu Kwankwaso has confirmed the party is in talk with Labour Party presidential flag-bearer, Peter Obi, over a merger.The former Kano State Governor confirmed this in an interview with BBC Hausa. There have been speculations that the NNPP and LP are…
The Nigerian stock market extended its downward trend with a loss of N341.26 billion at the close of trading on Friday. This followed the crash of the market capitalization by -1.20% from N28.25 trillion posted on Thursday to N27.91 trillion today.Similarly, the All-Share Index was down by 633.01 basis points to close at 51,778.08 compared to 52,411.09…
European countries, yesterday, continued their quest to have Nigeria export more Liquiefied Natural Gas, LNG, to the European Union, as they seek a move away from Russian energy dependency. Russia’s invasion of Ukraine is forcing Europe to diversify its energy supply. It was gathered that LNG is fast becoming the low carbon alternative fuel of…
Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has said he was surprised that the President, Major General Muhammadu Buhari (retd.), could hail Britain for uniting Nigeria in his Independence Day speech. The President in his Independence Day speech had said, “For 1st of October 1960 to happen, all hands were on deck….
Jim Yong Kim, then-president of the World Bank, and Kristalina Georgieva, then chief executive, who now heads IMF, took part in the scheme. A probe launched by the World Bank in respect of anomalies in the data used in preparing its Doing Business 2018 and Doing Business 2020 reports has revealed how senior staff of…
The CBN now accuses the companies of engaging in “illicit forex transactions”. A federal high court in Abuja has ordered the freezing of the accounts of six online investment firms following a request by the Central Bank of Nigeria. The accounts will remain blocked for 180 days, The Cable reported Tuesday. The firms are Bamboo Systems…
Sydneysiders are braced for a longer and tighter lockdown after Australia’s biggest city recorded 50 new daily cases on Saturday. “Things are going to get worse before they get better,” New South Wales state Premier Gladys Berejiklian said at a press conference. “Unless we reduce that level of people in the community that are infectious,…
(Photo Credit: Google) Okonjo-Iweala Speaks On Nigeria’s Debts The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Director General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, on Wednesday, differed on the nation’s debt-to-Gross Domestic Product ratio. (Photo Credit: Punch Newspaper) Experts who spoke to our correspondents also expressed worry over the…
President Muhammadu Buhari has called for stronger Nigeria-Turkey ties. According to a statement issued on Saturday by a presidential spokesman, Garba Shehu, President Buhari made the call when he put a phone call across to his Turkish counterpart, Tecep Tayyep Erdoğan, on Friday. The statement said President Buhari, who had fruitful discussions, expressed satisfaction with…
