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A Safe-Haven Asset in Turbulent Times In a historic financial milestone, gold prices have surged past the $3,000 per troy ounce mark for the first time, reflecting a confluence of global economic anxieties and investor strategies aimed at safeguarding wealth. This unprecedented rise underscores gold’s enduring status as a safe-haven asset amid escalating geopolitical…
Expanding Influence in Global Trade Infrastructure Nigerian-American investment magnate Adebayo Ogunlesi has significantly expanded his global infrastructure portfolio through a landmark acquisition of key ports at the Panama Canal. This move, executed via Global Infrastructure Partners (GIP), a subsidiary of BlackRock, underscores Ogunlesi’s strategic vision in the infrastructure sector. In a transaction valued at approximately…
In a major diplomatic milestone, Brazil announced on January 17, 2025, that Nigeria has been officially recognized as a partner country in the BRICS group. This marks a significant step in expanding global collaboration among emerging economies. What Is BRICS? An Overview of the Bloc BRICS is a coalition of emerging economies initially comprising Brazil,…
A December Decline Threatens 2024’s Impressive Market Gains As 2024 draws to a close, U.S. stock markets are experiencing a notable downturn, with major indices retreating from their impressive annual gains. The S&P 500, which had surged approximately 25% this year, is now facing a December decline that threatens to undermine the anticipated “Santa Claus…
A Bold Step Toward Fiscal Modernization In October 2024, President Bola Tinubu introduced a new, sweeping tax reform package aimed at modernizing Nigeria’s fiscal framework and boosting revenue generation. The Nigeria Tax Bill, along with accompanying reforms like the Nigeria Revenue Service Bill and the Nigeria Tax Administration Bill, seeks to overhaul the nation’s tax…
On Monday, President Bola Tinubu, represented by Vice-President Kashim Shettima, called for the ratification and full implementation of the ECOWAS Protocol Against Corruption. Speaking at the 6th Annual General Assembly of the Network of National Anti-Corruption Institutions in West Africa (NACIWA) held at the ECOWAS Secretariat in Abuja, Tinubu emphasized the need for concrete actions…
Nigeria’s Minister of Health, Mohammed Pate, recently addressed the significant migration of Nigerian medical professionals to countries like the United Kingdom. During an interview on Politics Today on Channels Television, Pate highlighted the critical role Nigerian-trained doctors and nurses play in the UK’s National Health Service (NHS), noting that 67% of Nigerian physicians are employed…
The Consul General, German Consulate, Lagos Nigeria, Weert Borner, on Friday stated that Germany is partnering Nigeria in building renewable energy sources in order solve its energy crisis.
President Bola Ahmed Tinubu has officially signed the new minimum wage bill into law, establishing a revised minimum wage of N70,000. The signing took place during a meeting of the Federal Executive Council (FEC) at the State House in Abuja. The agreement on the new minimum wage followed extensive negotiations between the federal government and…
South-South Nigerian stakeholders are intensifying their demands for President Bola Tinubu to take decisive action against those allegedly undermining the nation’s oil industry, particularly in light of recent challenges faced by the Dangote Refinery. These calls are driven by growing concerns that oil magnates may be deliberately sabotaging Nigeria’s refineries, including the newly inaugurated Dangote…