News Editor

OPEC+ Extends Oil Supply Cuts Through March

Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cuts for three months through March to avoid a sharp drop in prices in a global market awash in crude. The decision had been widely expected, though dissension

December 5, 2024

Liquidity Crunch Hits Nigerian Banks: Borrowing from CBN Falls by 44.9% in November

Amid liquidity challenges in the financial sector, Nigerian banks borrowed an estimated N9.97 trillion from the Central Bank of Nigeria (CBN) in November 2024, about 44.90 per cent Month-on-Month (MoM) decline from the N18.09 trillion reported in October 2024, a report by

December 5, 2024

BAT Akpabio

Economy·News·Politics

Tax Reform Bills Not Withdrawn, Senate Not Intimidated – Akpabio

The Senate has reaffirmed its commitment to advancing the Tax Reform Bills, noting that no aspect of the legislative process has been suspended or withdrawn. Senate President, Senator Godswill Akpabio stated during plenary on Thursday that the upper chamber remains focused on

December 5, 2024

Five Reps Members Dump Labour Party For APC

As plenary resumed at the House of Representatives on Thursday, five lawmakers of the Labour Party (LP) have defected to the All Progressives Congress (APC). They are Esosa Iyawe (Edo), Tochukwu Okere (Imo), Donatus Matthew (Kaduna), Bassey Akiba (Cross River), and Daulyop

December 5, 2024

Bitcoin Hits $100,000 For First Time As Traders Cheer Trump Pick

Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector. The cryptocurrency soared through

December 5, 2024

Just In: Senate Suspends Controversial Tax Reform Bills Amid Controversy

The Nigerian Senate has suspended deliberations on four contentious tax reform bills sent by President Bola Tinubu, following widespread public outcry. The bills, which had been under review by the Senate Committee on Finance, have been put on hold to allow further

December 4, 2024

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Lafarge Africa Plc Reaffirms its Commitment Amid Transition

Lafarge Africa Plc Reaffirms its Commitment Amid Transition The Holcim Group announced that it signed an agreement to sell its 83.81% shareholding in Lafarge Africa Plc to Huaxin Cement Ltd on December 1, 2024. This transaction marks a significant milestone, ushering in

December 4, 2024

Nigeria, South Africa Set Up Advisory Council to Strengthen Trade, Investment

Nigeria and South Africa have fully activated the Joint Ministerial Advisory Council on Industry, Trade, and Investment to enhance economic cooperation between the two leading African economies. President Cyril Ramaphosa disclosed the decision on Tuesday in Cape Town, South Africa, at the

December 4, 2024

Tax reform bills

10 Ways Tax Bills Will Enhance State Revenues — Presidency

The Senior Special Assistant to the Presidency on Media and Publicity, Temitope Ajayi in an explanatory statement on Wednesday, has shed more light on the controversial tax bills. This was after President Bola Tinubu on Tuesday, directed the National Assembly and the

December 4, 2024

Namibia Elects Its First Female President, Netumbo Nandi-Ndaitwah of the SWAPO Party.

Namibia has elected its first female president, Netumbo Nandi-Ndaitwah, representing the SWAPO party, in a historic victory. This milestone was announced by the Electoral Commission of Namibia (ECN) on Tuesday, December 3, 2024. It followed an election that saw a significant voter

December 4, 2024

Pastor Tobi Adegboyega’s Future in the UK Uncertain Amid £1.87m Fraud Investigation

A Nigerian pastor whose church was shut down over an alleged £1.87 million fraud has lost his fight against deportation, despite claiming it would breach his human rights. An immigration tribunal has ruled that Tobi Adegboyega, 44, the cousin of John Boyega,

December 4, 2024

FG Discontinues Overseas Training Opportunities for Scholars

The Minister of Education, Dr. Mauruf Alausa, says the Federal Government has, henceforth, cancelled foreign training for scholars. Mr Alausa, who said this at the opening ceremony of a three-day conference organised by the British Council, on Tuesday in Abuja, said that

December 4, 2024

Nigerian Bar Association Calls for Dele Farotimi’s Release, Criticizes Police Actions

The Nigerian Bar Association (NBA) has expressed serious concern regarding the arrest of Lagos-based lawyer and rights activist Dele Farotimi on allegations of libel. They have also condemned the reported invasion of his law firm and the harassment of the lawyers and

December 4, 2024

Nigeria, South Africa Cannot Afford To Fail Africa – Tinubu

Nigeria, South Africa Cannot Afford To Fail Africa – Tinubu President Bola Tinubu on Tuesday said Nigeria and South Africa cannot afford to fail the African continent, calling for a robust partnership between both countries. President Tinubu made the call in Cape

December 4, 2024

STATE HOUSE PRESS RELEASE: PRESIDENT TINUBU: NIGERIA SOUTH AFRICA MUST LEAD AFRICA’S TRANSFORMATION

STATE HOUSE PRESS RELEASE PRESIDENT TINUBU: NIGERIA SOUTH AFRICA MUST LEAD AFRICA’S TRANSFORMATION President Bola Tinubu has called for the Nigeria—South Africa strategic partnership to become a model of leadership, economic integration, and shared prosperity for the African continent. Speaking at the

December 4, 2024

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