The Economic Community of West African States (ECOWAS) is set to introduce a groundbreaking protocol that will require Western nations to pay interest on repatriated looted funds and artefacts. This development was revealed by Ola Olukoyede, the President of the Network of Anti-Corruption Institutions in West Africa, during the 6th Annual General Assembly of the…
South Africa’s Johann Rupert has once again claimed the title of Africa’s richest man, edging out Nigerian billionaire Aliko Dangote in a fierce competition that has seen the two tycoons constantly exchanging positions at the top. This is not the first time Rupert has held the title, but it marks a significant shift in the…
On Monday, President Bola Ahmed Tinubu embarked on a trip to France using a newly acquired presidential aircraft. This development has raised eyebrows across Nigeria, particularly given the ongoing economic challenges facing the country. The new jet, an Airbus A330-200, reportedly landed in Nigeria on Sunday, August 18, 2024, just in time for the President’s…
Airtel is one of Nigeria’s leading telecommunications companies, providing a broad array of services that cater to millions of users. Whether you’re a new Airtel customer or a long-time subscriber, it’s crucial to know how to check your Airtel number and data balance quickly and efficiently. This guide will walk you through the various methods…
Guaranty Trust Bank Plc (GTBank) recently faced a cybersecurity challenge that has sparked widespread concern among its customers and stakeholders. An isolated hacking attempt targeted the bank’s website domain, leading to fears that sensitive customer information might have been compromised. However, GTBank has swiftly addressed these concerns, reassuring its customers that no data was breached…
Nigeria’s inflation rate has been a major talking point for both economic experts and everyday Nigerians. The recent inflation data released by the National Bureau of Statistics (NBS) for July 2024 indicates a slight decrease in the headline inflation rate from 34.19% in June to 33.40% in July. Although this reduction appears promising on paper,…
In the wake of Brexit, the UK job market has witnessed significant shifts in its workforce composition, with Indian and Nigerian nationals emerging as key contributors to employment growth. Recent data from His Majesty’s Revenue and Customs (HMRC) reveals that between 2019 and 2023, Indian and Nigerian workers have surpassed their British counterparts in job…
In a significant victory for online activism, the Speaker of the Nigeria House of Representatives, Tajudeen Abbas, has withdrawn the controversial ‘Counter Subversion Bill’ following widespread public outcry. The bill, which aimed to penalize Nigerians for refusing to sing the national anthem and other activities deemed “subversive,” faced severe criticism for potentially infringing on human…
The long-awaited launch of the Port Harcourt refinery has been postponed once again, marking the sixth delay for a project that was initially scheduled to commence operations in 2021. This latest setback has deepened public frustration and skepticism about Nigeria’s efforts to enhance its refining capabilities and reduce its dependence on imported petroleum products. The…
The Nigerian naira saw a setback on Tuesday, August 13, 2024, reversing its four-day streak of gains to close at N1,582.09 per dollar in the official foreign exchange (FX) market. This decline, marking a 0.70% drop from the previous day’s closing rate of N1,570.99, underscores the persistent volatility in Nigeria’s FX market, a challenge that…