Despite significant improvements in Nigeria’s foreign exchange market fundamentals, the naira continues to struggle, trading at N1,600/$ in the black market as of Wednesday morning. This trend persists even as the U.S. dollar index hovers near a seven-month low. Naira short sellers remain undeterred, even in the face of the Federal Government’s recent issuance of…
In a recent social media post, Tesla and SpaceX CEO Elon Musk stirred conversations by indicating a possible interest in joining a future Trump administration. The post, which features Musk standing at a podium labeled “Department of Government Efficiency (DOGE),” humorously references the popular cryptocurrency Dogecoin, known for its origins as an internet meme. The…
According to reports from Gianluca Di Marzio, Chelsea recently engaged in talks with Juventus regarding a potential player swap involving Raheem Sterling and Federico Chiesa. However, the negotiations collapsed primarily due to discrepancies in wage demands and the perceived value of the two players. Sterling’s salary at Chelsea significantly exceeds Chiesa’s earnings at Juventus, creating…
The Nigeria Customs Service (NCS) has been instructed to begin enforcing a zero per cent import duty rate and Value-Added Tax (VAT) exemption on essential food items, following an approval by President Bola Tinubu. This directive was communicated through the Ministry of Finance in a letter addressed to the NCS on August 8, 2024. The…
Democratic presidential candidate Kamala Harris’s campaign recently disclosed that it had been the target of foreign hackers, just days after President Donald Trump’s campaign suggested it had been hacked by Iran. A Harris campaign official confirmed to AFP that in July, the campaign’s legal and security teams were alerted by the FBI about an attempted…
The newly approved policy goes beyond merely responding to the ongoing exodus of healthcare professionals from Nigeria. It is designed as a comprehensive strategy to manage, harness, and potentially reverse the migration of health workers.
Chelsea are reportedly preparing to reward Jackson with a contract extension following his impressive debut season, according to The Telegraph. The Senegalese forward initially signed an eight-year deal when he joined the Blues last summer, but the club is now looking to extend that by an additional two years. This extension would not only improve…
The recent directive from the Nigerian Electricity Regulatory Commission (NERC) has stirred considerable debate within the power sector. NERC has instructed Distribution Companies (DisCos) to move away from the existing single-buyer model contract with energy generation companies (GenCos). This shift, introduced in July, is part of a broader effort to unbundle the electricity value chain…
The Nigerian stock market has surged by approximately 31% this year, entering a bull run despite the country’s challenging economic conditions. Thanks to advancements in technology, investing in Nigerian stocks has become more accessible and transparent. Major companies on the NGX, including Airtel Africa, BUA Cement, Dangote Cement, and MTN Nigeria, boast market capitalizations exceeding…
Elon Musk revealed on Monday that his highly anticipated interview with former President Donald Trump was disrupted by a significant cyber attack targeting his social media platform, X, previously known as Twitter. “There appears to be a massive DDOS attack on X. Working on shutting it down,” Musk announced on the platform. Musk, who has…
