Oil Price Surges Above $85 Amid Omicron Impact   The international oil benchmark, Brent crude, climbed above $84 per barrel on Wednesday on tight supply and easing concerns about the potential impact of Omicron coronavirus variant on demand. Brent, against which Nigeria’s...

Fed Govt To Borrow At A Higher Cost As Global Interest Rates Spike   As if the COVID-19 pandemic was a good thing, global interest rates were maintained at historic low levels over the past two years, as monetary policy authorities...

Crypto Currencies’ Volatility Poses Financial Stability Risks For Nigeria – IMF   The International Monetary Fund says crypto currencies’ high volatility and valuation, as well as their increasing co-movement with equity markets will soon pose risks to financial stability in countries...

Market Capitalisation Rises By N404bn As Bulls Make Rebound   The bulls regained dominance on the equities sector of the Nigerian Exchange Limited (NGX), as many blue-chip companies recorded price appreciation, causing market capitalisation to surge by N404 billion. Specifically, at the...

Kano Govt Approves N500m Counterpart Fund For W/Bank Climate Project   The Kano State Executive Council has approved N500m as counterpart funding for the implementation of a six-year World Bank-assisted project, tagged ‘Agro Climatic Resilience in Semi-Arid Landscapes’. The Commissioner for Information,...

After 222 Days, N546.5bn Economic Losses, FG Finally Lifts Twitter Ban   After 222 days and economic losses of about N546.5 billion, the Federal Government has finally lifted the ban on Twitter operations in Nigeria. The lifting of the suspension was announced...