Author: Ogochukwu Ndubuisi

The money market rates eased as the new policy corridor took effect after the Central Bank

Iran Defends Nuclear Programme, Accuses U.S., Israel of Breaking Int’l Law President of Iran, Masoud Pezeshkian, has highlighted the impact of the recent attacks on his country, including the assassination of its supreme leader and scientists, and maintained that Iran only defended itself.  Pezeshkian said this on Wednesday in his statement to world leaders at the ongoing General Debate of the 81st session of the General Assembly at UN headquarters in New York.  “We are not terrorists. Our innocent people have been the targets of cowardly attacks and aggressions imposed upon our country. “We did not bend the knee,…

40% of Nigerians Still Lack Reliable Power – REA Boss Dr Abba Aliyu, Managing Director of the Rural Electrification Agency (REA), Dr Abba Aliyu, says no fewer than 40 per cent of Nigerians still lack reliable electricity. Aliyu said this on Wednesday in Lagos at a public lecture organised by the Nigeria Union of Journalists (NUJ), News Agency of Nigeria Lagos Chapel. He was represented at the event by the Director, Corporate Services, REA, Mr Ayodele Gboyega. Aliyu said Nigeria’s energy future should not be centred solely on crude oil, refineries and other petroleum assets. “Energy security is not…

Diverting Tithes, Offerings, Zakat to Private Businesses Criminal – EFCC The Economic and Financial Crimes Commission (EFCC), has warned religious leaders against diverting tithes, offerings, zakat and other religious funds into private businesses. The EFCC Chairman, Mr Ola Olukoyede gave the warning on Wednesday in Abuja, at the 2026 Second Council Meeting of the Nigeria Inter-Religious Council (NIREC) themed “Shared Sacred Flourishing in Nigeria”. Olukoyede said such diversion was criminal and advised churches and mosques to create regulatory compliance mechanisms to protect funds entrusted to them. He emphasised that religious leaders must lead by example in the anti-corruption…

World Leaders At 81st UNGA Say UN Itself Isn’t Working Several world leaders at the 81st United Nations General Assembly have said the UN is failing to fulfil its core mandate, adding their voices to growing calls for reform of the Security Council. Speaking during the General Debate which opened on September 22 at UN Headquarters in New York, leaders argued that the five permanent members, China, France, Russia, the United Kingdom and the United States — are using veto power to block action on global crises rather than help solve them. Brazilian President Luiz Inácio Lula da Silva, who…

 Oyedele Seeks Affordable Capital to Bridge Africa’s Infrastructure Gap ⁠‌‍⁠⁠‌⁠‌‍‌ The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has called for affordable capital to finance Africa’s infrastructure. This is contained in a statement on Wednesday issued by the Head, Information and Public Relations of the Ministry, Mrs Efe Ovuakporie. Oyedele made the call at the United Nations Dialogue on Solutions to Climate Finance in New York. The dialogue was held on the margins of the 81st Session of the United Nations General Assembly. He said that Africa’s development ambitions, particularly its energy needs, were constrained…

2027: Why South-East Should Support Tinubu—Umahi The Minister of Works, Mr Dave Umahi, has urged the people of south-east to support President Bola Tinubu’s second term bid, citing the Federal Government’s infrastructure interventions in the zone.  Umahi made the appeal in Abuja on Tuesday while receiving the report of the northwest leg of the Nationwide Federal Roads Project Tour conducted by the National Association of Nigerian Students (NANS).  He said that leaders from the south-east should be bold and vocal in educating their people on what he described as the benefits of supporting the Tinubu administration. “It is a strategic…

The average yield on Nigerian Treasury bills declined slightly to 18.81% ahead of the midweek auction

NMDPRA Threatens Licence Revocation for Fuel Stations Under-Dispensing Products The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to revoke the licences of fuel stations found under-dispensing petroleum products to consumers. NMDPRA ‌‍⁠‌‍⁠⁠‌⁠‌‍ ⁠‌ ⁠‌ gave the directive on Tuesday in an industry circular posted on its X handle, following reported incidents of under-dispensing of petroleum products at retail outlets amid soaring petrol prices. While describing the practice as a serious breach of consumer trust, the agency directed petroleum retail outlet operators nationwide to immediately calibrate and verify their dispensers and totalisers. It said the directive was…

Afreximbank, ATDC Sign $500m Facility to Boost Intra-African Trade Afreximbank and the Africa Trading and Distribution Company (ATDC) have signed a 500 million dollar Global Credit Facility to support trade, movement and distribution of commodities across African and global markets. This is contained in a statement issued by Vincent Musumba, Communications and Events Manager, Afreximbank, in Abuja on Monday. According to the statement, the facility is expected to strengthen trade and distribution networks across the continent by providing financing for the purchase and aggregation of African goods, as well as logistics, transportation, warehousing and distribution. It said under the agreement,…