The world of cryptocurrencies enjoyed its biggest year yet in 2017 with almost all cryptocurrencies rising to new heights. More and more people started to know what cryptocurrencies are as adoption increased and the value of the different cryptocurrencies rose as well. At the top of all of them was the foremost cryptocurrency to come […]
Author: Isaac Umunna
Nigeria’s Buhari returns home after seeing doctor in Britain
Nigeria’s President Muhammadu Buhari returned home on Friday after traveling to Britain this week to see his doctor, his spokesman said. The 75-year-old president spent five months of last year in London on medical leave for an undisclosed ailment. His office said on Monday that his doctor had requested to see Buhari and the president […]
Nigeria’s Stock Market indices rebound by 0.26% Friday
After depreciating for four consecutive days, indicators of the performance of the Nigerian Stock Exchange (NSE) rebounded by 0.26 per cent on Friday. The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N14.820 trillion rose by N39 billion or 0.26 per cent to close at N14.859 trillion. Also, the All-Share […]
WHO records Lassa fever retreat in Nigeria
The World Health Organization (WHO) has said Nigeria is no longer at the “critical phase” in dealing with the Lassa fever outbreak. The organisation said in a statement that only a handful of cases had been recorded in the past six weeks. Report:A total of 423 confirmed cases including 106 deaths have been recorded so […]
Saudi Arabia increase in oil production: OPEC Agreement under threat
If Saudi Arabia increases oil production following President Donald Trump’s decision to pull out of the Iran nuclear deal, it may have to back out of the OPEC agreement. As has been widely discussed in the aftermath of President Trump’s decision to withdraw from the Iran nuclear deal, the return of sanctions on Iran could […]
Gernot Rohr disappointed after Jordan Torunarigha’s Nigeria snub
Gernot Rohr is disappointed following the decision of Jordan Torunarigha to turn down an opportunity to feature for Nigeria at the 2018 World Cup.The German-born Nigerian has represented Germany youth sides but has yet to make his debut for the senior team which makes him eligible to play for the three-time African champions. The defender […]
Nigeria capital inflow hit $6.3 billion in Q1 driven by foreign investors
Capital inflow into Nigeria rose almost sixfold in the first quarter compared to a year ago, following last year’s liberalisation of the currency for foreign investors and steps to tighten liquidity to attract offshore funds. Figures released on Friday by the National Bureau of Statistics showed capital inflow had hit $6.3 billion in the quarter, […]
Nigeria naira bid-offer spread widens, suggesting pressure on currency
The gap between Nigerian banks’ bids to buy and sell the naira to investors is widening due to a tight supply of dollars in the market, traders said on Thursday, suggesting the currency is coming under international pressure even as government finances improve. Some lenders are seeking to sell the naira at 365 per dollar […]
Shell fund: Nigerian contractors receive over N472 billion loans support
By Foster Obi Some 290 Nigerian contractors have received loans worth more than N472 billion under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates, relaxed collateral requirements and quicker processing time. Also, […]
Video of Nigerian attendant’s rat fight at airport toilet goes viral
Footage of a toilet attendant doing battle with massive rats in a Nigerian airport bathroom has gone viral. The video was apparently shot in the male toilets at Nnamdi Azikiwe International Airport, in the capital Abuja, and shows the attendant taking on the rodent with a mop as the man behind the camera laughs. The […]