By Ayomide Otitoju The Central Bank of Nigeria (CBN) is set to return to the domestic debt market in September with a N700 billion Treasury Bills (T-bills) auction as part of ongoing efforts to manage liquidity in the financial system. The auction, being conducted on behalf of the Debt Management Office (DMO), will feature 91-day,…
By Ayomide Otitoju The African Continental Free Trade Area (AfCFTA) should be treated as both an economic and cultural project, Nigeria’s Consul General in South Africa, Ambassador Ninikanwa Okey-Uche, has said. Okey-Uche made the remarks on Monday in Johannesburg, urging African countries to use film, music, literature, fashion and other creative industries to strengthen continental…
By Ayomide Otitoju MTN Group Chairman Mcebisi Jonas has urged African countries to leverage the continent’s vast mineral resources and growing consumer market to strengthen their position as global economic and political power shifts towards a more multipolar order. Jonas said Africa has a significant opportunity to increase its influence in the global economy because…
World number one Aryna Sabalenka began her bid for a rare third consecutive US Open title with a convincing victory over Colombia’s Camila Osorio on Monday, while Frenchman Arthur Fils suffered a surprise first-round defeat. Sabalenka overcame Osorio 6-2, 6-4 in her opening match at Flushing Meadows, producing a strong performance after a difficult run…
Everton have agreed a deal worth £40 million ($54 million) to sign United States striker Folarin Balogun from Monaco, according to reports on Monday. The 25-year-old is expected to return to the Premier League if the transfer is completed before Tuesday’s 22:00 GMT deadline, three years after leaving Arsenal for Monaco in a £35 million…
Chelsea are close to reaching an agreement with Roma to sign France midfielder Manu Kone, although Roma manager Gian Piero Gasperini is pushing to keep the player at the club. According to Sky Sport Italia, a deal worth around £52 million has been discussed, while negotiations are also progressing over a potential loan move that…
By Ayomide Otitoju President Bola Tinubu has directed the rollout of an additional 500 Compressed Natural Gas (CNG) refuelling stations across Nigeria as part of efforts to reduce transportation costs following the removal of the petrol subsidy. Tinubu issued the directive on Thursday after meeting with state governors, who he said had agreed to take…
By Ayomide Otitoju Ibom Air has dismissed claims that it exercises a monopoly over operations at Victor Attah International Airport, Uyo, or prevents other airlines from operating from the facility. The clarification followed reports alleging that the airline dominates the Uyo-Abuja and Uyo-Lagos routes. In a statement issued on Sunday, Ibom Airlines Limited said it…
By Ayomide Otitoju Ibom Air has taken delivery of its third Airbus A220-300 aircraft, further advancing its fleet modernisation and expansion programme. The aircraft, registered 5N-CDC, was formally handed over to the airline at the Airbus A220 final assembly facility in Mirabel, Canada, following the signing of the Transfer of Title documents by Ibom Air…
