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Background

Business

FG’s International Debt Servicing Gulps $3.5bn In Nine Months

Information says Federal Government spent $3.58 billion servicing the country’s foreign debt in the first nine months of 2024. Data sourced from the Central Bank of Nigeria (CBN) report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56 billion spent during the same period in 2023. According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, […]

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World

Asian Markets Extend Losses

Asian markets fell again on Wednesday as traders sweat over the impact of Donald Trump’s presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation. The prospect of prices spiking again on the back of tax cuts, import tariffs, and an easing of regulations gave fresh impetus to the dollar, which has rallied since the Republican’s election win last week. Traders are also […]

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News

Asset recovery, crucial in fight against corruption, EFCC

The Economic and Financial Crimes Commission (EFCC) has emphasized the critical role of asset recovery in combating economic and financial crimes, describing it as a significant deterrent to corrupt practices. This was highlighted by EFCC Chairman Ola Olukoyede during a recent oversight visit by the House of Representatives Committee on Financial Crimes to the Commission’s headquarters on Tuesday in Abuja. Olukoyede noted the challenges in financial crimes investigations, emphasizing that […]

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News

19 of 38 directors fail Permanent Secretary qualifying exam

The Office of the Head of Civil Service of the Federation has announced that 19 of the 38 eligible directors who participated in the first stage of the assessment for new Permanent Secretaries on Monday did not pass as 19 directors succeeded in this initial written exam and will advance to the second stage on Wednesday, November 13, 2024 which will evaluate their ICT proficiency in handling government operations. According […]

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Local News

Imo assembly urges govt to tackle flood

Imo State House of Assembly has adopted a motion urging the state government to tackle flood menace in communities in Nkwerre Local Government Area of the state. The motion was moved by the member representing the Nkwerre state constituency, Chisom Ojukwu, at the plenary session on Tuesday. Ojukwu bemoaned the devastating impact of flooding in the communities in Nkwerre Local Government Area stating that cost of maintaining buildings and businesses […]

today11/13/2024 2

Health

762 persons died of meningitis, Lassa fever in two years

The Nigeria Centre for Disease Control and Prevention (NCDC) has reported that 762 people have died from Cerebrospinal Meningitis (CSM) and Lassa fever between 2023 and 2024. NCDC Director General, Jide Idris, on Wednesday provided this update in Abuja, noting that 361 meningitis-related deaths occurred in 23 states and the Federal Capital Territory, while Lassa fever caused 401 fatalities in 28 states. Nigeria recorded 4,915 suspected meningitis cases, with 380 […]

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Sports News

Abia Warriors beg supporters after two consecutive defeats

Abia Warriors defender Collins Nwoburuoke has pleaded with the club supporters following the team’s back-to-back defeats in the Nigeria Premier Football League, NPFL. The Umuahia-based club lost their last two games against Heartland and Lobi Stars, respectively. Abia Warriors also dropped to 13th position on the NPFL table following the defeats. Nwoburuoke assured the fans of the team’s commitment and resolve to battle on all fronts for positive results going […]

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Entertainment News

Davido reconciles with Eniola Badmus

Afrobeats singer Davido has finally reconciled with Nollywood actress Eniola Badmus. The reconciliation came two years after they fell out as the duo reconciled at celebrity Pastor Tobi Adeboyega’s birthday in the UK. Reports show that Eniola made headlines in October 2022 for announcing the death of Davido’s son, Ifeanyi Adeleke and reportedly exploited the toddler’s death for monetary gains. Following the incident, the singer unfollowed the actress on social […]

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Business

Inflation in October expected, CBN

Majority of Nigerians believed that the country’s inflation would rise further in October 2024. This is according to the Inflation Expectation Survey released on Tuesday by the Central Bank of Nigeria, CBN. This comes ahead of Nigeria’s October inflation figure to be released by the National Bureau of Statistics on Friday, 15 November 2024. The CBN report had indicated that October inflation will rise further from 32.70 per cent recorded […]

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