By Ayomide Otitoju Sub-Saharan African central banks could face reserve and liquidity risks if gold prices drop sharply, Fitch unit BMI warned on Wednesday. Countries including Nigeria, Ghana, and Tanzania have ramped up domestic gold purchases to diversify reserves amid global volatility. Others like Kenya, Uganda, Rwanda, Namibia, and Zimbabwe are either exploring or have…
Senegal plans to raise nearly $10 billion over the next three years through new taxes, spending cuts, and renegotiation of energy contracts to address its mounting debt crisis. Prime Minister Ousmane Sonko announced the measures Friday in Dakar, saying the government would mobilize domestic resources to stabilize public finances and restore investor confidence. “Sixty-five years…
By Ayomide Otitoju The National Association of Nigerian Nurses and Midwives (NANNM) has suspended its seven-day warning strike, four days after it commenced, following a new agreement with the Federal Government. National President of the association, Haruna Mamman, announced the suspension on Saturday at a press briefing in Abuja. He said the decision followed an…
By Ayomide Otitoju Former Senator representing Kogi West, Dino Melaye, has accused the All Progressives Congress (APC) of orchestrating the collapse of the Peoples Democratic Party (PDP), describing the main opposition party as an extension of the ruling party. Speaking on Channels Television’s Politics Today on Friday, Melaye, who recently defected from the PDP to…
By Ayomide Otitoju ExxonMobil reported a 23.4 percent decline in second-quarter earnings on Friday, citing lower crude oil prices despite increased production in key regions. The oil giant posted net profits of $7.1 billion for the quarter, down from $9.3 billion a year earlier, as global crude prices slipped below $65 per barrel—more than $10…
Canadian Prime Minister Mark Carney on Friday expressed disappointment over U.S. President Donald Trump’s decision to raise tariffs on Canadian goods to 35 percent, escalating trade tensions between the two countries. The increase, announced via executive order, comes after Ottawa disclosed plans to support Palestinian statehood at the United Nations General Assembly in September—a move…
Nigeria’s Minister of Health, Prof. Ali Pate, on Friday held closed-door talks with leaders of the National Association of Nigeria Nurses and Midwives (NANNM) and representatives from the Ministry of Labour as part of ongoing efforts to end a nationwide warning strike. The meeting comes amid an industrial action that began on July 29, 2025,…
U.S. President Donald Trump on Thursday announced sweeping new tariffs on nearly 70 countries, including a 35 percent duty on Canadian imports, as part of a broader effort to reshape global trade in favor of American industries. While the tariffs were initially expected to take effect immediately, the White House said most of the measures…
Inflation in the eurozone remained unchanged at 2.0% in July, defying market expectations of a slight decline, according to data released by Eurostat on Friday. The figure aligns with the European Central Bank’s inflation target, despite forecasts from Bloomberg and FactSet predicting a drop to 1.9%. Core inflation—which excludes energy, food, alcohol, and tobacco—also held…
