FGN Eurobond Yields Rise amid Declining Crude Oil Prices

By Adedapo Adesanya The boards of insurance companies operating in the country have been charged by the National Insurance Commission (NAICOM) to embrace the measures put in place to tackle the challenges of unpaid claims. The Commissioner for Insurance, Mr Sunday Thomas, expressed worry over the number of outstanding claims in the sector despite efforts by the regulator to address the issue. Mr Thomas, who is also the chief executive of NAICOM, said the organisation, in collaboration with members of the Insurers’ Committee, has taken decisions and incepted measures designed to tame the menace of unpaid claims. Speaking at the

In furtherance of my sacred duties and obligations as President of the Federal Republic of Nigeria, it is my honour to be here today to present my administration’s 2024 Budget Proposal to this Joint Session of the 10th National Assembly. This moment is especially profound and significant to me because it is my first annual budgetary presentation to the National Assembly. Distinguished Senators and Honourable Members of the National Assembly, I commend your swift consideration and passage of the 2023 Supplementary Appropriation Bills and the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper. Your prompt action underscores your devotion

By Adedapo Adesanya Crude oil prices fell on Thursday members of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed to voluntary output cuts for the first quarter of next year, falling short of market expectations. As a result, Brent crude futures lost 27 cents or 0.3 per cent to close at $82.83 per barrel, and the US West Texas Intermediate (WTI) crude futures went down by $1.90 or 2.4 per cent to $75.96 a barrel. On a monthly basis, Brent fell by 5.2 per cent while WTI was down by 6.2 per cent. Saudi Arabia, Russia

By Bliss Okperan, Adedapo Adesanya  The cost of cooking a pot of jollof rice, one of the most consumed foods daily in Nigeria, has surged by 37.4 per cent, according to research carried out by Business Post. Using market data and the most recent food price watch by the National Bureau of Statistics (NBS), major food items in making the delicacy, including rice, groundnut oil, tomatoes, and onions, among others have recorded a massive increase within the past year, making it hard for the average Nigerian to survive. According to NBS, 1 kilogram of Rice cost N757.06 in 2023 as

By Adedapo Adesanya The Naira gained 0.23 per cent or 94 kobo against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange market on Wednesday, June 2. It was the first time the domestic currency was recording a movement after closing in the flat territory for the last three trading sessions. At the midweek session, the local currency closed at N411.06/$1 at the I&E window in contrast to N412/$1 it finished on Tuesday and this strengthening of the currency came in the midst of an FX demand pressure. According to data from the FMDQ

By Adedapo Adesanya The Value Added Tax (VAT) generated by the federal government grew by 29.8 per cent in the third quarter (Q3) of the year to N424.7 billion as against N327.2 billion generated in the second quarter. This was disclosed by the National Bureau of Statistics (NBS) in its report titled Sectoral Distribution of Value Added Tax Data for Q3 2020 released on Monday in Abuja. According to the report, the amount generated in the quarter under review was 53.4 per cent higher than N275.1 billion generated in the same period of 2019. According to a breakdown, the manufacturing

By Dipo Olowookere The 6th World Hydropower Congress (WHC) kicked-off in Addis Ababa, Ethiopia, on Wednesday with Acting Economic Commission for Africa (ECA) Executive Secretary, Abdalla Hamdok, calling on the continent to come up with strong and coherent policies to promote faster and more inclusive growth through the optimal use of hydropower and other sources of renewable energy. Mr Hamdok said with more than 600 million people in Africa living without access to electricity and households continuing to rely on traditional biomass for cooking, it was pertinent for Africa to tap into its vast renewable energy sources. “With clear vision

If you’re running a cosmetic business, you can manufacture these boxes to impress your customers and to extend your sales. These boxes are created with the client’s favoured packaging material and also the involved whole brand is imprinted on them. Dreamy, supernatural eyes with a flutter of luscious eyelashes are solely found within the novels. In reality, not everyone’s endowed with the long, thick lash line. Similar to makeup is employed to reinforce your options; false eyelashes are accustomed to creating your eyes look sound. There are such a big amount of brands and kinds of eyelashes obtainable within the market, it may be confusing finding the proper one for you. Material, shape, thickness, and length are vital factors

By Modupe Gbadeyanka Ogun State Governor, Mr Ibikunle Amosun, has assured workers in the state of his government’s determination to meet its commitment and obligation to them towards their improved welfare. He said this at the state’s 2017 Public Service Day Lecture, with the topic, Stress Management and Keeping Healthy, held at the June 12, Cultural Centre, Kuto, Abeokuta. Mr Amosun said he was not oblivious of the fact that a productive civil service is deserving of a whole range of emolument, such as salaries, running costs, leave bonus and promotion, promising to do more as soon as the finances

By Dipo Olowookere As a show of support for the growth of African culture and heritage, the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi Ojaja II, has thrown his full weight behind the maiden edition of Hollywood and African Prestigious Awards (HAPAwards). The paramount Yoruba traditional ruler is set to attend the awards ceremony, which is scheduled for November 18 at the Legendary Alex Theater in Glendale, California. The event would be used to honour American and African community leaders, international political figures, dignitaries and celebrities in the movies, music and comedy categories. Organisers of the ceremony said this year’s

Since the inception of different football websites, staying updated with every single happening of the game has become much easier and quicker for football fans. There are a number of websites that will help you to get live scorecards, match statistics, league tables as well as upcoming fixtures just in a single click. However, the problem is that usually a single website offers a single feature only. You will hardly find a website that offers all these features in a single place. Isn’t it? Well, then there is a surprise for you because today we are going to talk about