African Leaders Approve $20B Stability Fund
African leaders have approved the establishment of a $20 billion continental financial stability fund, in a move designed to stave off potential debt crises on the continent before they take hold. The facility, known as The African Financial Stability Mechanism, will get its own credit rating to allow it to borrow on international capital markets Announcing this in […]
FRSC Launches Driver’s License Print Farm in Lagos
The Federal Road Safety Corps, FRSC, has activated a mini driver’s license printing farm in Lagos State, in commemoration of its 37th anniversary. At the inauguration, the Corps Marshal, Shehu Mohammed, expressed optimism that the farm would help to reduce hardship experienced by motorists while acquiring drivers’ licence, and urged applicants to collect their licence […]
Nigeria’s Inflation Rate crashes To 24.48 Per Cent
Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025, as against the December 2024 rate of 34.80 per cent. Announcing this at a briefing yesterday, the Statistician-General of the Federation, Adeyemi Adeniran, said the All-Items Index, which is used to measure headline inflation for January 2025, was 110.7, resulting […]
U.S. and Russia Hold Ukraine Talks Without Kyiv
High-level delegations from the U.S. and Russia were set to begin talks in Saudi Arabia today Tuesday over the fate of Ukraine — negotiations taking place — without Ukraine. Ahead of the talks that the State Department said were aimed to discuss ending the now three-year-long war, an American delegation headed by Secretary of State […]
Arsenal slammed with £65,000 fine over Improper Conduct
Arsenal have been fined £65,000 after their players were deemed to have behaved in an “improper way” following Myles Lewis-Skelly’s red card against Wolverhampton Wanderers last month. It was alleged that Arsenal failed to ensure their players did not behave in an improper way around the 43rd minute, and the club subsequently admitted to this […]
Three persons critically injured After plane flips at Toronto Airport
One child and two adults have been critically injured after a plane crashed and overturned while landing at Toronto Pearson airport in Canada. Images shared on social media show a plane which appears to have flipped over on the snow-covered tarmac. It appears to be missing at least one of its wings. Toronto Pearson airport […]
CBN Seeks For Stronger Economic Ties With The Middle East
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has called for stronger economic ties with the Middle East and the Nigerian diaspora community in the region. In a statement issued yesterday by CBN’s Corporate Communications Department Cardoso made the submission on the sideline of the just-concluded inaugural Conference on Emerging Markets Economies […]
African Union Endorses Nigeria As Digital Trade Champion for AFCFTA
The African Union (AU) has officially designated Nigeria as the Digital Trade Champion for the continent under the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol. This follows the country’s notable efforts in advancing digital enterprise and innovation. This endorsement came at the 38th Ordinary Session of the Assembly of Heads of State and […]
NELFUND To Close 2024 Student Loan Application Cycle By Friday
Nigerian Education Loan Fund, NELFUND, says it will close the 2023/2024 student loan application cycle on Friday, February 21. At a news conference yesterday in Abuja, its Managing Director, Akintunde Sawyerr, reassured students who had successfully submitted their applications before the deadline that their applications would be processed, in line with established methods. Sawyerr said […]
WTO DG urges African Leaders to Harness Domestic Resources Amid Global funds cut
The Director-General, World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has called on African leaders to be proactive in mobilising domestic resources to attract new investments and drive economic growth. Speaking on the sidelines of the African Union meeting in Ethiopia, the WTO chief advised that foreign aid should be considered a thing of the past, […]
