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Henry Williams

Business

Naira strengthens after Nigeria issues Eurobond

Naira, Nigeria’s legally approved means of exchange on Wednesday recorded marginal appreciation at the official window, a day after the country issued $4 billion...

Henry Williams -

Business

Nigeria fails to meet OPEC quota as oil price soars near $76 a barrel

Oil prices rose further Thursday, but cash strapped Nigeria is again facing the curious dilemma arising from its failure to pump out enough crude...

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Nigeria

Nigeria’s external reserves to cross $40bn with Eurobond issuance

Nigeria’s rising external reserves is expected to cross $40 billion following the issuance of a $4 billion Eurobond, which has been oversubscribed by investors. The...

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Africa

Hundreds storm Namibia parliament ahead of German genocide deal vote

Around 300 protesters stormed Namibia's parliament on Tuesday, as the National Assembly was due to vote on a $1 billion compensation offer from Germany...

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Joseph Tegbe Named Power Minister: Key Things To Know About Tinubu’s Nominee

President Bola Ahmed Tinubu has nominated Joseph Olasunkanmi Tegbe as Minister of Power, pending confirmation by the Nigerian Senate. The announcement was disclosed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, on Thursday. “His nomination is expected to strengthen further ongoing efforts to reform the power sector, enhance...

Supreme Court Confirms David Mark As ADC Leader, Orders Fresh Hearing

The Supreme Court of Nigeria has affirmed David Mark as the leader of the African Democratic Congress, delivering a major ruling in the party’s ongoing leadership tussle. According to reports, the apex court reached a unanimous decision through a five-member panel led by Justice Mohammed Lawal Garba. The court held that the appellate court...

Tinubu Nominates Joseph Tegbe As Minister Of Power

President Bola Ahmed Tinubu has nominated Joseph Olasunkanmi Tegbe as Minister of Power, subject to confirmation by the Senate. The nomination has been formally transmitted to the Nigerian Senate for screening and approval in line with constitutional provisions. This development follows the resignation of former Minister Adebayo Adelabu, who stepped down to pursue elective office. Mr Tegbe,...