Economic Confidential, a publication of Image Merchants Promotions Limited (IMPR), is set to host its first public lecture as part of efforts to encourage discussions around the country’s economic future in a political transition period. The maiden public lecture, according to the organizers, is instituted to bring high-impact leaders in the public and private sectors…
The Dangote Refinery will be inaugurated by President Muhammadu Buhari on May 22, 2023, the special assistant to the president on digital communications, Bashir Ahmad, announced this in a tweet on Sunday. “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in…
The race for the post of the Senate President and other Principal Offices of the 10th Senate is gathering steam as the inauguration of the Tinubu Presidency on May 29th looms. In spite of the groundswell of support for the plum office of the Senate President to be zoned to the South East in the…
The World Health Organization has said COVID-19 is no longer a global public health emergency. A statement on Friday stated that the decision was reached at WHO’s International Health Regulations Emergency Committee held Thursday at its 15th meeting on the pandemic. WHO Director-General, Tedros Adhanom Ghebreyesus, also agreed with the committee’s resolution that COVID-19 is…
The Debt Management Office, DMO, says the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal Government will improve debt transparency. “Ways and Means Advances’’ allows the Federal Government to borrow short-term or emergency loans from the CBN to cushion expected cash receipts shortfalls. The Senate on Wednesday approved a request by…
Nigeria’s former Deputy Senate President, Ike Ekweremadu, has been jailed by a UK Court, to 10 years in prison for a plot to harvest human organ. The court, on Friday, also sentenced his wife, Beatrice to six years in jail. Ike Ekweremadu, 60, his wife, Beatrice, 56, and Dr Obinna Obeta, 51, were found guilty…
Sterling Bank has recorded N19.3 billion profit after tax for 2022 financial year ended December 31. According to the bank in a statement on its earnings on the Nigerian Exchange, the profit in the year under review rose by 28.5 per cent from N15bn in the corresponding period of 2021 financial year. Sterling’s assets grew…
The Nigerian Army on Thursday said it had rescued two additional girls from the Government Girls Secondary School, Chibok, nine years after their abduction by Boko Haram in 2014. The Theatre Commander, North-East Joint Operation, Hadin Kai, Maj.-Gen. Ibrahim Ali, disclosed this while briefing newsmen at the Maimalari Cantonment in Maiduguri. Ali said that Hauwa…
Gold held around $2,040 an ounce on Thursday, hovering near its highest levels on record as the US Federal Reserve delivered a widely expected 25 basis point rate hike but removed language from its policy statement that it “anticipates” further rate increases would be needed. However, Fed Chair Jerome Powell said that the committee’s current…
The World Bank confirmed on Wednesday that Ajay Banga would be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change. “The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process,” the development lender wrote in…
