Uganda’s President Yoweri Museveni has appointed Michael Atingi-Ego as the country’s new Central Bank Governor. Presidency spokesperson, Sandor Walusimbi, confirmed the appointment on Monday in Nairobi, adding that Atingi-Ego had previously worked for the central bank in a senior position, then left and returned in 2020 as deputy governor. He has been the acting head…
The central parity rate of the Chinese currency Renminbi, or the Yuan, weakened eight pips to 7.1707 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before…
The stock price of First Bank of Nigeria (FBN) Holdings Plc has appreciated by 17.65per cent in its Year-till-Date (YtD) return as of February 07, 2025 to emerged as best tier-one bank stock on the Nigerian Exchange (NGX). The oldest financial institution stock price currently outperformed its peers listed on the bourse: Access Holdings Plc,…
Saudi Arabia has introduced new visa regulations that will impact travellers from 14 countries. The rules restrict them to single-entry visas valid for 30 days with no option for extension. The changes apply to tourists, business travellers, and those visiting family members while excluding applicants for Hajj and Umrah, diplomatic or residency visas. The new regulations target travellers from…
Nigeria and the Kingdom of Bahrain on Sunday signed a Joint Communiqué to officially establish diplomatic relations between the two countries. The Minister of Foreign Affairs, Amb. Yusuf Tuggar, disclosed this in a statement on Sunday by Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy to the Minister. Tuggar said the understanding was reached…
The Federal Government says it is discussing with the International Finance Corporation (IFC) to explore capital market and funding options in Nigeria for infrastructure development through Public Private Partnerships (PPP). A statement issued by Ifeanyi Nwoko, the Acting Head, Media and Publicity, ICRC on Sunday in Abuja, said this was the focus of a meeting…
Many federal civil servants are lamenting over the reduction in their January salaries amid lopsided implementation of the new minimum wage. The workers, who spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja, complained that their January salaries did not reflect the minimum wage . A civil servant, Mr Paul Okor, said…
United Airlines said that it will be the first U.S. carrier to resume flights to Israel, the Israel Airports Authority said on Wednesday in a statement. The carrier on Tuesday had earlier announced that it will resume service from Newark’s Liberty International Airport to Israel’s Tel Aviv on March 15 and add a second daily…
Vice-President Kashim Shettima on Wednesday inaugurated the Supervisory Board of the Debt Management Office (DMO) to strengthen fiscal and monetary policy coordination of the Federal Government. The vice-president, while inaugurating the board at the Presidential Villa, Abuja, said it was part of government’s efforts to ensure long-term debt sustainability, in line with President Bola Tinubu’s…
Sen Abubakar Bagudu, the Minister of Budget and Economic Planning, has said the N4.5 trillion additional revenue in the 2025 budget would support the diversification programme of the President Bola Tinubu administration. The minister said this while speaking to State House Correspondents on Wednesday in Abuja. Bagudu said the N4.5 trillion additional revenue would be…
