The Nigerian Exchange Limited (NGX) ended last week on a negative note, reflecting the stock market’s response to the Central Bank of Nigeria’s (CBN) recent interest rate increase. On the heels of the Monetary Policy Committee (MPC) decision, the CBN raised its benchmark interest rate, the Monetary Policy Rate (MPR), by 25 basis points to 27.5%, up from 27.25%. This marked the sixth consecutive rate hike of the year, bringing…

Dozens of people were killed on Sunday, December 1, following violent clashes between football fans at a match in N’Zerekore, Guinea’s second-largest city, hospital sources reported to AFP. The scenes at the local hospital were described as horrific, with bodies filling every available space. “There are bodies lined up as far as the eye can see in the hospital. Others are lying on the floor in the hallways. The morgue…

There is a growing dispute between the Port Harcourt Refining Company (PHRC) and the Petroleum Tanker Drivers (PTD) regarding the loading of petroleum products at the refinery. PHRC has accused tanker drivers of causing delays in loading operations, while PTD, represented by its umbrella body, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has dismissed the claims as misleading. PHRC has expressed frustration over the slow pace of…

Investigative journalist Fisayo Soyombo has accused the Nigerian Army of deliberately compromising his safety after being detained for three days in Port Harcourt while conducting an undercover investigation into illegal oil bunkering.“I will be honest, it is the first time I have genuinely felt my security compromised. I believe the army deliberately – the acting spokesman of the Nigerian army deliberately compromised my security by releasing that statement and linking…

The Nigeria Police Force said its operatives in Borno have repelled an attack on Jakana Divisional Police Headquarters by a group of terrorists.The Force Public Relations Officer, ACP Olumuyiwa Adejobi said this in a statement on Sunday in Abuja.The police spokesman said the attempted attack occurred on Nov. 28 at about 1:00am, but added that the attempt was met with strong resistance from police operatives.Adejobi said the resistance left many…

Holcim, a Swiss building materials company, has agreed to sell its Nigerian business to Huaxin Cement Ltd., a Chinese firm.The deal, valued at $1 billion, would lead to the sale of Holcim’s 83 percent stake in Lafarge Africa, according to a statement on Sunday.Lafarge Africa Plc is a member of the Holcim Group — a maker of roofing and other housing products, such as cement, aggregates for construction and ready-mix…

The Central Bank of Nigeria (CBN) has launched its newly redesigned website, www.cbn.gov.ng, scheduled to go live on Dec. 2.Acting Director, Corporate Communications, CBN, Mrs Hakama Sidi Ali, made this known in a statement on Sunday in Lagos.“We are pleased to announce the launch of our newly redesigned website (www.cbn.gov.ng), which will be operational on Monday, December 2, 2024.“The redesigned website introduces a variety of new content, which encompasses a…

The National Association of University Students (NAUS) National Headquarters has expressed unwavering support for Professor Abayomi Sunday Fashina, the Vice Chancellor of Federal University Oye Ekiti (FUOYE), with a resounding vote of confidence. Comrade Ologe John Oluwatobiloba, the National Director of Campus Interventions for NAUS, praised Professor Fashina as the best Vice Chancellor FUOYE has ever had. He commended Fashina for his remarkable efforts in transforming the university into an…

Barrister Pelumi Olajengbesi, a renowned human rights activist and legal practitioner in Abuja, on Tuesday, November 26, was awarded the prestigious Prominent People’s Award by Cornerstone Media. The award was presented in recognition of Olajengbesi’s significant contributions to the development of the legal profession in Nigeria. In his address, Mr. Ajibola Afolayan, the Executive Director of Cornerstone Media, praised Olajengbesi for his outstanding work and dedication to the legal sector. …

Former President of the Nigerian Bar Association (NBA), Wole Olanipekun and the Chairman of the Senate Committee on Finance, Mohamed Sanni Musa, have praised Ekiti State Governor, Biodun Oyebanji, for his exemplary leadership and ability to unify diverse segments of society.   The commendations were made on Saturday during the 28th edition of the Wole Olanipekun Foundation’s scholarship and empowerment programme in Ikere-Ekiti. Chief Olanipekun, the foundation’s founder, lauded Governor Oyebanji…

A 10-year-old London schoolboy, Krish Arora has been discovered to possess an IQ of 162, greater than that of the legendary theoretical physicist, Albert Einstein. By age four, Krish, from Hounslow, could read fluently and do complex decimal division – although he still reportedly loves playing games and hanging out with his friends. His parents, Mauli and Nischal, are said to possess engineering degrees – Krish’s mum admits her son…

The Federal Government Academy (FGA) Suleja has reached a significant milestone with the commissioning of transformative projects worth 200 million Naira, courtesy of its alumni.  The Federal Government (FG) through the Secretary of the Ministry of Education, Nasir Sani-Gwarzo, applauded the alumni for their dedication, which has greatly enhanced the school’s learning environment.   “The alumni’s efforts have not only improved the facilities but have instilled a renewed sense of pride…