Tuesday , December 5 2023


Fuel Subsidy Hasn’t Returned, Says NNPC’s GMD

On Monday, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari said President Bola Tinubu’s administration has not reinstated fuel subsidy. This is despite the confirmation of oil marketers that the federal government has restored subsidies for premium motor spirit (PMS), also known as petrol. Tinubu had announced the removal of fuel subsidy …

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Bank of Israel to Sell $30b of Foreign Currency to Stabilize Shekel Amid Gaza War

The move appeared to quickly calm the market as the shekel recovered from steep early losses On Monday, the Bank of Israel said it will sell up to $30 billion of foreign currency in the open market, in the central bank’s first-ever sale of foreign exchange, to maintain stability during Israel’s war with Palestinian militants in Gaza. The move quickly …

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US Defence Secretary says US will support Israel after Netanyahu declares war

Defense Secretary Lloyd Austin said the U.S. stands squarely by Israel and will ensure it “has what it needs to defend itself” after Israeli Prime Minister Benjamin Netanyahu declared war against Palestinian militants that launched a surprise attack on his country. Austin said in a statement he was “closely monitoring developments in Israel” and extended his condolences to families of the victims who lost …

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The New Central Bank Management and Sen. Adams Oshiomole’s Perspectives

 By Dr. Samson R. Osagie On Tuesday 26th September, 2023, the Senate of the Federal Republic of Nigeria resumed plenary and began the screening of nominees of President Bola Ahmed Tinubu for the positions of Governor and Deputy Governors of the Central Bank of Nigeria (hereafter referred to as “CBN”) in line with Section 8 of the Central Bank Act, …

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Presidency Withdraws Statement On Tinubu As First African Leader To Ring NASDAQ Bell

The presidency has apologised for a claim that President Bola Tinubu is the first African leader to ring the bell at the National Association of Securities Dealers Automated Quotations (NASDAQ). On Tuesday, shortly after performing the act, a statement released by Ajuri Ngelale, special adviser to the president on media and publicity, claimed Tinubu as the “first African president ever …

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Nasa says mysterious ‘UFO’ sightings cannot yet be explained

Nasa cannot yet explain all of the mysterious sightings that have been spotted in the sky, a major new report has said. A panel assembled by the space agency to examine Unidentified Anomalous Phenomena, or UAPs, said that more and better data is required to be able to explain them. Recently, a number of people – primarily military pilots – have said they have spotted …

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Former Statistician-General Faults NBS Unemployment Data

A former Statistician-General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has criticized the methodology in calculating Nigeria’s unemployment rate from 20 hours to one hour per week. This comes barely a week after the NBS released new data that put employment at 4.1 percent from the 33.1% it was in 2020 when …

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