South Africa’s unnemployment rate rose to 32.9% in the first quarter of 2023 from 32.7% in the final quarter of last year, data of the Quarterly Labour Force Survey (QLFS) showed on Tuesday. The report said the number of unemployed people totaled 7.933 million between January-March period, from 7.753 million people in the last three […]
Nigerian naira has crossed a new redline as bear pressures mount. The exchange rate printed at N463.47 per the United States (US) dollar in the afternoon, it had closed at the investors and exporters window at N464 on Monday. The imbalance created by higher demand for foreign currency and lower supply pushed the rate to […]
The United States dollar weakened against other major currencies as markets shift attention to debt ceiling talks after the standoff. Global markets entered the new trading week in a cheery mood. On Tuesday, Wall Street cruised higher as investors piled into tech and semiconductor shares; while commodity prices staged a cautious recovery, shrugging off a […]
Argentina’s Central Bank has raised its base interest rate by six points to 97% to combat soaring inflation, which reached nearly 109% year-on-year in April. This marks the second increase in less than month, as the government plans to announce a series of measures to address the economic crisis ahead of the General Election in […]
Amidst a relatively high debt load that triggered the financial crisis in Ghana, Fitch Solutions has projected that growth will slow down as the authority is confronted with a steep inflation record. The economic crisis has weakened performance indicators in Ghana following authority default on debt repayments. Last year, the authority in Ghana ran to […]
The export proceed repatriation into Nigeria increased by 40 per cent from three billion dollars in 2021 to 5.6 billion dollars at the end of 2022, Central Bank Governor, Godwin Emefiele, said on Tuesday. Emefiele, who spoke at the Bi-annual RT200 Non-Oil Export Summit, with the theme, “RT200: Challenges and Prospects To Success”, in Lagos, said […]
For the third consecutive month in 2023, the consumer price index (CPI), which measures the rate of change in prices of goods and services has increased. The National Bureau of Statistics’ latest CPI report released on Saturday showed that inflation rose to 22.04 per cent in March 2023, up from 21.91 percent in the previous […]
US President Joe Biden tripped and fell on stage as he took part in the Air Force graduation ceremony in Colorado on Thursday. The president dropped to his knees but was quickly helped back to his feet by officials during the event at the service academy in Colorado Springs. Biden, 80, pointed to a black […]
The Nigerian Labour Congress (NLC) has dismissed reports suggesting that it is planning nationwide protest in response to the withdrawal of fuel subsidies. In a statement by Benson Upah, the Head of Information and Public Affairs, the NLC clarified that it has scheduled meetings for June 2 to discuss the price issue, indicating that national […]
The Group Managing (GMD) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has disclosed that the President Bola Tinubu administration has a plan in place to get one of the four national refineries up and running before the end of the year. Kyari made this known during his visit to the National Secretariat […]
President Bola Tinubu has met with the outgoing Senate President, Ahmad Lawan, and the outgoing Speaker of the House of Representatives, Rep Femi Gbajabiamila, over the choice of leadership of the incoming 10th National Assembly. Briefing State House correspondents after the meeting with Tinubu, Lawan said the President emphasised that the emergence of new presiding […]
Seaports in Nigeria will be shut down as the Maritime Workers Union of Nigeria, (MWUN) declared an indefinite nationwide strike. President-General of MWUN, Prince Adewale Adeyanju, in a statement, has directed all its members to shut down all operations of shipping companies and begin an indefinite nationwide strike from Monday, June , over a lingering […]
The Defence Headquarters said soldiers fighting the counter-insurgency war and other internal security operations in the country neutralized 63, terrorists, bandits, kidnappers and other criminals terrorising the peace in the country. The Director, Defence Media Organisation, Major General Musa Danmadami, who made this known said the soldiers also arrested 252 other terrorists logistics suppliers, bandits, […]
The Economic and Financial Crimes Commission (EFCC) on Thursday interrogated former governor of Ekiti State Kayode Fayemi at its zonal command office in Kwara State. Fayemi arrived the EFCC facility at about 9:40 am on Thursday to be questioned over alleged misappropriation of N4 billion, TheCable said in an Exclusive report. Fayemi, a member of […]
President Bola Tinubu has directed Service Chiefs, heads of security and intelligence agencies to crush oil thieves in the country. The president gave the directives on Thursday when he met with service chiefs and heads of intelligence agencies led by the Chief of Defence Staff, General Lucky Irabor at the Presidential Villa, Abuja. It was […]
The Presidential Election Petition Court (PEPC), sitting in Abuja on Thursday described described the conduct of the lawyers representing the presidential candidate of the Labour party, Peter Obi, as “not being organised”. The legal team of the former Anambra State governor, had presented one witness on Monday while tendering five documents as evidence, including a […]
Elon Musk has displaced Bernard Arnault as the world’s richest person once again, after Tesla’s stock price surging and LVMH shares slumping over the past month. Musk’s wealth passed Arnault’s on Wednesday after LVMH slipped nearly 3% in Paris trading, according to the Bloomberg Billionaires Index. The French conglomerate’s stock plunge wiped over $5 billion […]
