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Professor Uche Uwaleke

The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Exiting recession not enough to guarantee economic recovery – analysts

While the slight improvement in Gross Domestic Product (GDP) recorded in Q4 is good news, analysts say it is not significant enough to mark economic recovery.
Nigeria Naira

Economist backs Nigerian government’s plan to borrow from unclaimed dividends

Nigeria’s first Professor of Capital Market, Professor Uche Uwaleke, has said there is nothing wrong with Federal Government’s plan to borrow N895 billion from unclaimed dividends and dormant deposits in bank accounts.
#EndSARS protests

#EndSARS: Economy loses N54 billion daily under curfew – bank

At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.

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The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman, says the agency has earmarked N807 million for the rehabilitation of a portion of its building that was burnt during the #EndSARS protests in the country.

#EndSARS: Lagos supports affected businesses with N940 million

Lagos state government says it disbursed N939.98 million to 1,835 beneficiaries under its micro, small and medium enterprises (MSMEs) recovery fund.
The village of Gorey Harbour and Mont Orgueil castle are seen in Jersey in this March 1, 2008 file photo.-Toby Melville

UK sends two navy boats to Jersey after France threatens blockade

Britain is sending two navy patrol boats to the British Channel Island of Jersey after France suggested it could cut power supplies to the island if its fishermen are not granted full access to UK fishing waters under post-Brexit trading terms.
Security forces in the Republic of Congo were casting their ballots on Wednesday ahead of presidential elections in which veteran leader Denis Sassou Nguesso is frontrunner.

Congo government resigns as veteran ruler Denis Sassou Nguesso starts fourth term

The Republic of Congo's government has resigned, public television announced on Thursday, a procedural move three weeks after the central African nation's veteran leader began a new term as president.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC arrests 30 ‘Yahoo Boys’ in Kwara

Operatives of the Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) yesterday arrested 30 internet fraud suspects, also known as Yahoo-Yahoo Boys, in Ilorin, Kwara State.
All Progressives Congress (APC) Nigeria

Bayelsa APC crisis deepens as faction opens parallel secretariat

The crisis rocking the All Progressives Congress (APC) in Bayelsa State yesterday took a deeper dimension with the Hon Ebierien Fala Itubor-led faction opening a new secretariat in the state capital.

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Mikel Arteta says he has had to adapt his tactical approach much more than he expected since taking over as Arsenal boss, due to the composition of his squad.

Arsenal boss defends tactical formation vs Villarreal

Arsenal manager, Mikel Arteta, explained his tactical decision to go with a false nine against Villarreal.
Tokyo 2020 President Seiko Hashimoto has acknowledged the Olympic and Paralympic Games may be held behind closed doors as organisers seek to ease concerns over hosting the multi-sport event.

Tokyo Olympics may hold behind closed door

This summer’s virus-postponed Olympics could be held behind closed doors, Tokyo 2020 president Seiko Hashimoto has said, pledging to ensure the Games will be safe.
2. President Muhammadu Buhari is currently presiding over the 43rd virtual Federal Executive Council, meeting at the First Lady Conference Room, Presidential Villa Abuja.

President Buhari approves pension increase after NUP protest

Following the long protests and agitation by the Nigeria Union of Pensioners (NUP), President Muhammadu Buhari has finally approved the consequential adjustment in the pension of retirees under the defined benefit scheme.

Miyetti Allah: Nigerian government should deal with terrorists killing Fulani herders in South-East

One of the umbrella bodies of herdsmen in Nigeria, the Miyetti Allah Kautal Hore, has urged security agencies to deal with “terrorists killing” Fulani herders in the South-East.
President Muhammadu Buhari is presiding over a high-level security meeting at the State House over the rising insecurity in the country. In attendance are Vice President, Yemi Osinbajo, as well as Secretary to the government of the federation, Boss Mustapha, Ministers, Service Chiefs, acting Inspector-General of Police and Intelligence chiefs.

NSA: Why President Buhari adjourned security meeting

The National Security Adviser, NSA, Major General Babagana Monguno (retd), said the Security meeting on Friday was adjourned to Tuesday next week in order to receive further briefings from the Security Chiefs.