Israel is commemorating the first anniversary of the October 7 Hamas attack that sparked the Gaza war and escalated tensions across the region, including in Lebanon. President Isaac Herzog will lead a memorial service in Sderot, one of the cities hardest hit by the Palestinian militant assault. A rally calling for a ceasefire in Gaza…
The Kaduna State government has refuted media reports claiming it borrowed ₦36 billion in the past six months, describing the allegations as false and misleading. Instead, the government clarified that it is currently repaying loans inherited from the previous administration, which have tripled in value due to the sharp devaluation of the Naira. In an…
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to withhold federal allocations from states that have failed to conduct credible local government elections. In a statement on Sunday, SERAP’s Deputy Director, Kolawole Oluwadare, urged Tinubu to instruct the Minister of Finance, Wale Edun, to ensure that funds from the Federation…
Nigeria has officially commenced the sale of crude oil and refined petroleum products in naira, a move aimed at boosting the economy and reducing reliance on foreign currency transactions. The initiative, which began on October 1, was confirmed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, following a Federal Executive…
Nigerian singer and songwriter Timi Dakolo has melted hearts with a touching tribute to his wife, Busola, on her 40th birthday. The artist penned a heartfelt song in her honor, capturing the essence of their love and journey together. In a message shared on social media, Dakolo expressed his deep affection for Busola, saying, “They…
By Ayomide Otitoju The heads of the International Monetary Fund (IMF), World Bank Group (WBG), and World Health Organization (WHO) have agreed on a coordinated approach to enhance global pandemic preparedness. This partnership aims to scale up support for countries to prevent, detect, and respond to public health threats by leveraging the IMF’s Resilience and…
By Ayomide Otitoju FirstBank has fully restored services on its mobile banking platform, Firstmobile, following a brief downtime earlier this week. The service disruption occurred due to an upgrade aimed at enhancing the application’s functionality. In a statement, the bank reassured customers that Firstmobile is now fully operational, emphasizing its commitment to providing seamless and…
By Ayomide Otitoju Access ARM Pensions Limited has officially commenced operations with N3 trillion in Assets Under Management (AUM), following the merger of Access Pensions Limited and ARM Pension Managers Limited. The announcement was made on Thursday, with the newly formed entity aiming to expand pension coverage across Nigeria, particularly within the vast informal sector….
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has announced a commitment of 272,500 barrels per day of crude oil through a series of crude-for-loan agreements totaling $8.86 billion. This commitment translates to approximately 8.17 million barrels of crude being allocated monthly for various loan arrangements. According to an analysis by the Nigeria…
