The Ebonyi State House of Assembly has passed legislation to regulate house rents and estate agency fees, with the aim of protecting tenants from excessive charges and bringing greater transparency to property transactions across the state. The legislation, passed during plenary at the House of Assembly Complex on Nkaliki Road, takes effect from August 11,…
US stocks have reached another major milestone, with the S&P 500 climbing above 7,800 for the first time as strong technology shares and improving investor sentiment continue to push Wall Street higher. The benchmark index rose sharply on Thursday, August 13, reaching a new record and accelerating its recent run. The S&P 500 was up…
Japan still has significant financial firepower to intervene in currency markets if the yen comes under renewed pressure, with Goldman Sachs estimating that the country holds close to $1 trillion in foreign exchange reserves. The assessment comes as the yen has weakened again after recovering sharply from last month’s intervention. The Japanese currency moved back…
At least 168 solar-powered streetlights installed along the Longbridge section of the Lagos-Ibadan Expressway have reportedly been stolen by suspected vandals, leaving parts of the busy highway in darkness and raising fresh concerns about the safety of motorists. The streetlights were installed in 2025 along the approximately five-kilometre stretch of the bridge to improve visibility…
The global diamond industry is facing one of its most significant disruptions in decades, with natural diamond prices falling to their lowest level this century as lab-grown alternatives continue to gain ground. The Diamond Standard Index, tracked on the Bloomberg Terminal, reached an all-time low in the first half of August. The decline represents a…
Nigeria’s Federal Government has approved tax waivers for nearly 4,000 electric vehicles (EVs) imported into the country during the first half of 2026, in a move aimed at accelerating the adoption of cleaner transportation. The approvals are the first to be processed under a new government programme designed to promote electric mobility through tax incentives…
