The management of Abia State University (ABSU) has suspended a lecturer in the Department of Economics, Professor Nnamdi Nwaeze, following social media posts in which he raised concerns over the salaries and working conditions of academic staff at the institution. The university announced the suspension with immediate effect in a statement issued on Thursday by…
The Association of Real Estate Developers of Lagos State (AREDOLS) has petitioned the Lagos State House of Assembly over what it described as the Lagos Waste Management Authority’s (LAWMA) misclassification of construction materials as waste. The developers are asking the lawmakers to intervene and direct LAWMA to stop imposing levies and penalties on materials they…
Nearly half of Nigerian households experienced a major economic setback over the past year, with job losses, business closures and difficulties finding employment affecting 45.3 per cent of households, according to a new report by SBM Intelligence. The finding comes from SBM Intelligence’s latest report, “Six Zones, One Crisis: What Nigerians Say About Jobs, Skills…
Ecuadorian police have seized 469 kilograms of cocaine hidden inside a truck near the country’s border with Colombia, with the packages carrying stickers featuring the image of Norwegian football star Erling Haaland. The seizure was made during an anti-narcotics operation near Guagua Negro, close to the border city of Tulcán, following an anonymous tip about…
The United States Securities and Exchange Commission (SEC) has postponed a meeting that was expected to advance its proposed Regulation Crypto framework, delaying a closely watched step in the agency’s efforts to establish clearer rules for digital assets. The SEC had scheduled the meeting for Friday, August 14, with a single agenda item focused on…
The Independent National Electoral Commission (INEC) has commenced the distribution of sensitive election materials to the 30 local government areas of Osun State ahead of Saturday’s governorship election. The exercise began on Thursday night under the supervision of the Osun Resident Electoral Commissioner, Mrs Oluwatoyin Babalola, as the electoral commission moved to ensure that materials…
The Sokoto State Government has announced plans to provide free delivery kits to women giving birth in public health facilities as part of renewed efforts to reduce maternal and newborn deaths across the state. The Commissioner for Health, Dr Faruk Abubakar, disclosed the plan on Monday during the dissemination of the Emergency Obstetric and Newborn…
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…
