News

Nigeria’s manufacturers are counting their losses to the drastic macroeconomic changes being executed by the Federal Government. A key element of the difficulties has shown up in cost of sales with leading manufacturers reporting 90.6 per cent surge in their just released 2024 financial results. Analysts attribute the increase to the mounting inflationary pressure, foreign exchange volatility, and escalating production costs in the sector.

Myanmar’s ruling junta has declared a week of national mourning on Monday for victims of the country’s devastating earthquake, which has killed more than 1,700 people. The official mourning period runs until April 6, the junta said in a statement, with national flags to fly at half-mast. It will be recalled that apowerful7.7-magnitude earthquake hit central Myanmar and neighbouring Thailand last Friday. The quake destroyed several buildings, bridges, roads and […]

The Senate has officially confirmed the appointments of Prof Melvin D. Ayogu as a member of the Central Bank of Nigeria Board of Directors and Sylvester Nwakuche as the substantive Controller-General of the Nigerian Correctional Service. Ayogu, an indigene of Enugu State and a professor of Economics at the University of Cape Town, South Africa, was confirmed following a review by the Senate Committee on Banking, Insurance, and Other Financial […]

The Ibadan Electricity Distribution Company (IBEDC) has announced it will pursue legal action in response to allegations that it has terminated 3,000 employees. The company strongly refuted these claims, clarifying that its total staff strength is approximately 2,500. IBEDC viewed the spread of misinformation as a deliberate and malicious attempt to damage its reputation. The Coordinating Head, Corporate Services of IBEDC, Angela Olanrewaju, who stated this, said the company is […]

The Oyo State government has intensified surveillance, case management, and vaccination campaigns across the state following the recent outbreak of diphtheria in some parts of the country. The Commissioner for Health, Dr Oluwaserimi Ajetunmobi, stated this at the Emergency Operations Centre in Ibadan. Ajetunmobi urged healthcare workers to respond swiftly to suspected cases and advice residents to take necessary precautions. She advised parents to ensure children receive the three doses […]