Oil Slumps on Expected Slowdown in US Demand
Oil Slumps on Expected Slowdown in US Demand Oil prices declined on Wednesday over forecasts of a limited draw in United States (US) crude stockpiles that fell short of market…
IEA See 2% Growth in Global Electricity Demand
IEA See 2% Growth in Global Electricity Demand The International Energy Agency (IEA) expects global demand for electricity to increase by just fewer than two per cent in 2023. IEA…
South Africa Inflation Slows to 5.4% Amidst Zero Growth Forecast
South Africa Inflation Slows to 5.4% Amidst Zero Growth Forecast South Africa’s annual inflation rate fell to 5.4% in June from 6.3% in May, data from the statistics office showed…
UK Inflation Falls to Lowest Since March 2022
UK Inflation Falls to Lowest Since March 2022 The United Kingdom’s (UK) annual inflation fell in June 2023 after stalling in the previous month, mainly thanks to the significant decline…
Subsidy: Tinubu Reviews Palliative Programme
Subsidy: Tinubu Reviews Palliative Programme President Bola Tinubu has directed the immediate review of the palliative to cushion the effect of removal of fuel subsidy. In a statement issued by…
Naira Gains 6.58% to N742.93 as FX Supply Meets Demand
Naira Gains 6.58% to N742.93 as FX Supply Meets Demand The Nigerian naira reclaimed significant value against the dominant foreign currency Tuesday at the organised market or official window as…
NGX Spikes by N448bn as Market Sentiment Improves
NGX Spikes by N448bn as Market Sentiment Improves The equities segment of the Nigerian Exchange (NGX) consolidated its bullish position following a spike in the market price of Dangote Cement…
Oil Rebounds on China’s Fiscal Stimulus
Oil Rebounds on China’s Fiscal Stimulus Oil prices posted limited increases on Tuesday over hopes that the Chinese government will unveil fiscal stimulus measures to jumpstart the sluggish economy, as…
Houston to Invest in Nigeria’s Energy, Oil & Gas Sectors
Houston to Invest in Nigeria’s Energy, Oil & Gas Sectors Houston, Texas, USA has expressed readiness to invest in Nigeria’s energy, agriculture, technology and oil and gas sectors. Mr Sylvester…
Reps to Include Gele-Gele Seaport Revitalisation in Budget
Reps to Include Gele-Gele Seaport Revitalisation in Budget The House of Representatives says it will include the revitalisation of Gele-Gele Seaport in Edo in the 2024 budget estimates. This followed…
CBN, Central Bank of Egypt Set Up Fintech Bridge
CBN, Central Bank of Egypt Set Up Fintech Bridge The Central Bank of Nigeria (CBN), and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding (MoU) to…
NPA Remits N55.7bn from N191.3bn Generated in 6 Months
NPA Remits N55.7bn from N191.3bn Generated in 6 Months The Nigerian Ports Authority (NPA) has generated N191.4 billion in revenue in the first half of 2023 and remitted N55.7 billion…
Petrol Hits N617 Per Litre in Abuja
Petrol Hits N617 Per Litre in Abuja The price of petrol, known as Premium Motor Spirit (PMS) has increased from 537 to 617 naira per litre in the Federal Capital…
NGX Rises by N203bn after Losing Streaks
NGX Rises by N203bn after Losing Streaks The Nigerian Exchange (NGX) rose by more than N203 billion after losing streaks in the previous week. The local bourse opened with the…
‘I Will Not Allow Anybody to Stampede Us’ – NBA President Reacts to Odinkalu’s Resignation, Claims
The President of the Nigerian Bar Association (NBA), Mr. Yakubu Chonoko Maikyau, SAN, has said that he will not allow any person or group of persons to stampede nor blackmail…
Nigerian Law School Releases Timetable for Bar Part II [Resit] Examination
The Nigerian Law School, Bwari campus timetable for the Bar II (Resit) Examination, noting that the exams will begin from Saturday, 15th July and end by Friday 21st July, 2023.…
Alegeh & Co. Appoints New Coordinating Partner as Malik, SAN Leaves
Mrs. Olawunmi Nwano has been appointed as the Coordinating Partner of the law firm of Alegeh & Co. Her appointment followed the exit of the former managing partner, Chief Aikhunegbe…
The Data Protection (Communication Service) Regulations, 2023: An Attempt by NCC to Usurp the Powers of the Nigeria Data Protection Commission?
By Ifeoma Peters Introduction On Monday, 12th June, 2023, the Nigeria Data Protection Bill was signed into law by the President of the Federal Republic of Nigeria, His Excellency, Bola…
Ekiti Chief Judge Injured as Court Building Collapses
A section of the office of the Chief Judge of Ekiti State collapsed on Thursday, injuring the occupant, Justice John Adeyeye. It was learnt Justice Adeyeye had arrived at the…
FCT High Court, 2023 Annual Vacation Begins 17 July
The High Court of the Federal Capital Territory, Abuja will proceed on its 2023 annual vacation, from 17th July – 8th September, 2023. According to the directives from the Chief…