Recent Posts

Chief Obaseki celebrates THE CONCLAVE Editor, Sufuyan Ojeifo @ 58

  Hooray! My illustrious brother, Sufuyan Ojeifo, a lyricist extraordinaire, is just two steps away from joining the prestigious fifty-year-old club! Chief Owen Obaseki I still remember the moment I discovered your masterful writings on two giants of Edo, Chief Anthony Anenih, the political genius, and Mr Fix it, and the inimitable Captain Hosa Okunbo, the philanthropist in chief. Your …

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CBN sells $876.26 million of its $1.18 billion offering to 26 banks at N1,495/$1 in the latest Dutch Retail Auction

Following the reintroduction of the Retail Dutch Auction and an effort to ease demand pressures in the foreign exchange (FX) market and promote price discovery, the Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495/$1 to 26 qualified banks in its latest Retail Dutch Auction. The amount came from a total of $1.18 billion in bids received from …

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Samuel Ogazi fails to medal in men’s 400m final at Paris Olympics

Nigeria’s Samuel Ogazi finished seventh in the men’s 400m final at the Paris Olympics, with a time of 44.73 seconds. Despite failing to medal, Ogazi continued to impress with another sub-45 second performance. The gold medal went to American Quincy Hall, who put in a remarkable sprint in the last 50 metres to take the title. Hall clocked a personal …

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Senate probes $1.5 billion spent on Port Harcourt refinery rehabilitation

The Senate has raised concerns over the $1.5 billion approved by the Federal Government for the maintenance of the Port Harcourt refinery without commensurate results. Chairman of the Senate Ad Hoc Committee to Investigate Alleged Economic Sabotage in Nigeria’s Petroleum Industry, Opeyemi Bamidele, raised the concerns during an interactive session with stakeholders on Wednesday in Abuja. Bamidele, who is also …

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