News

Businesses operating in Nigeria have envisaged increased losses in the second quarter of the year, following foreign exchange reforms. Already, nine firms had lost N960.18bn to the new forex policy in the second quarter. According to the half-year financial reports of the firms, the steep devaluation of the naira, following the Central Bank of Nigeria’s attempt to close the gap …

Presidential candidate of the Labour Party in the 2023 presidential election, Peter Obi, has called on governments at all levels to include “Persons with Disabilities” in governance so as to give them equal representation. The former Anambra State governor who made the call while celebrating the International Day of Persons with Disabilities on Sunday, also pleaded with Nigerians to support …

The National and State Assembly Election Petition Tribunal in Makurdi on Monday upheld the election of Solomon Wombo as the lawmaker representing the Katsina-Ala/Ukum/Logo Federal Constituency of Benue State. The Independent National Electoral Commission (INEC) declared Wombo as the winner of the February 25 election after he polled 59,939 votes to defeat the Peoples Democratic Party (PDP) candidate, Richard Gbande, …

The Nigerian Medical Association (NMA) on Saturday charged the Cross River State government to ensure the release of a doctor abducted by criminals in the state within seven days. The victim, Prof. Ekanem Ephraim, a Neurologist with the University of Calabar Teaching Hospital (UCTH), was abducted from her residence by armed men who pretended to be patients on July 13. …

Juventus midfielder, Paul Pogba, has been provisionally suspended by Italy’s national anti-doping tribunal for an anti-doping offence. The test, performed after Juventus victory at Udinese on August 20, 2023, detected elevated levels of testosterone, a hormone that increases athletes’ endurance. The anti-doping agency, Nado Italia, said Pogba was suspended provisionally with immediate effect. Pending a trial and testing of a …

The Nigerian currency, naira depreciated further at the black market, on Friday as it sold for N950 to the US dollar. Ripples Nigeria had reported that the naira sold for between N910 to N930 on Thursday at the black market. READ ALSO:Naira to dollar rate closes at N789/$1, peaks at N804/$1 in official market In Lagos, the exchange rate for …

Chelsea overcame Brighton to finish with a scoreline of 3-2 in their Premier League encounter at Stamford Bridge on Sunday. The Blues were incredible, and got the result despite playing 45 minutes with only 10 men, following Gallagher’s red card. Chelsea climb to 10th with the victory, three points behind Brighton who sit on eighth spot in the league table. …

Leading insurance companies in Nigeria grappled with a significant surge in net claims by customers in the first half of 2023, amounting to N49.158 billion, a substantial increase of 25.47 per cent compared to the N39.178 billion recorded in the same period in 2022. The companies, including Custodian Insurance, NEM Insurance, Sovereign Trust Insurance, AXA-Mansard Plc., AIICO, Mutual Benefits Assurance, …

Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream business activities, while not forgetting the tech/economy build up. Here are the Headlines: Israel-Hamas Conflict: Crude oil prices surge over fears of supply cuts Dangote Cement denies price reduction, says scammers at work …

The Deputy Speaker of the House of Representatives, Hon. Benjamin Okezie Kalu, has claimed that the Igbos want to remain as part of Nigeria despite calls for secession by the Indigenous People of Biafra. Kalu spoke on Saturday during a courtesy call on him by the national leadership of Ohanaeze Ndigbo, the apex socio-cultural group led by its President General, …