Mrs Ngozi Egbuna, Director-General, West African Monetary Institute (WAMI) says West African countries have joined forces to interlink their payment system to make trading between African countries easier. Egbuna disclosed this on Sunday in an interview with the News Agency of Nigeria (NAN) on the sideline of the IMF/WB Annual Meetings in Bali. She revealed […]
Investors should brace for an imminent collapse in the entire cryptocurrency market following a steep decline in the value of Bitcoin over the last year, a new study from Juniper Research has warned. In a report published on Monday, the firm highlighted how the price of Bitcoin had fallen to just $6,594 (£4,994) – one-third […]
The US Energy Information Administration on Wednesday boosted its Brent and WTI crude oil price forecasts on uncertainty over the impact of the looming re-imposition of US sanctions on Iranian crude exports. In its Short-Term Energy Outlook, EIA forecast Brent to average $74.43/b in 2018, up $1.59 from last month’s forecast, and WTI at $69.56/b […]
The Federal Government has placed a foreign travel ban on no fewer than 50 high profile persons directly affected by Executive Order 6 (EO6). The affected persons are already on the watch-list and are restricted from leaving the country pending the determination of their cases. Malam Garba Shehu, the Senior Special Assistant to the President […]
U.S. President Donald Trump said in a CBS interview on Saturday that there would be “severe punishment” for Saudi Arabia if it turns out that missing Saudi journalist Jamal Khashoggi was killed in the Saudi consulate in Istanbul. Trump said he did not want to block military sales to Saudi Arabia, one option that has […]
A hat trick from Odion Ighalo and one goal from Samuel Kalu gave Nigeria’s Super Eagles a 4-0 win over Libya in a 2019 AFCON Qualifier in Uyo. The victory moved the Eagles into second place in Group E, behind leaders South Africa. The Eagles now have six points from three matches, one point behind […]
No fewer than 18 Nigerians die hourly from Tuberculosis (TB), the National Tuberculosis, Burulli Ulcer and Leprosy Control Programme (NTBLCP), said on Friday in Lagos. Mrs Itohowo Uko, the Deputy Directorof NTBLCP in the Federal Ministry of Health, disclosed this at an integrated media parley organised by Breakthrough Action -Nigeria in collaboration with the Health […]
Jim Yong Kim, World Bank President has said the organisation was wrong to have advised Nigeria, and Africa as a whole, to focus on investing in hard infrastructure than in human capital. Speaking at the International Monetary Fund (IMF) and World Bank Group (WBG) Annual Meetings in Bali, Indonesia, Kim said its approach of pumping […]
The Nigerian Labour Congress (NLC) and Trade Union Congress (NUC) have threatened fresh industrial action over the lingering issue of a new minimum wage for Nigerian workers. President of the NLC, Ayuba Wabba gave the hinted yesterday that workers may soon resume their strike after a meeting soon to be convened on modalities for the […]
By Foster Obi The Nigerian Shippers’ Council (NSC) has scheduled a meeting with shipping companies operating in Nigeria on Monday October 15, 2018 over planned introduction of congestion surcharge on Apapa and Tin Can Island Ports by some of these companies. NSC which made this known in a statement signed by the Director Special Duties, […]