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Lightbox Session
From Canada to Switzerland, and Nigeria; countries around the world are dealing with the worst inflation situation they have experienced in 4 decades.
So how is the everyday working-class Nigerian woman supposed to cope with inflation amidst the many other issues on her mind?
Join us this Thursday as our speakers break down the Nigerian Woman’s Inflation Playbook.
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Local Stories
ASUU strike: Union ready to end the strike immediately government signs agreement
The Academic Staff Union of Universities (ASUU), says it is ready to end the nationwide strike immediately if the Federal Government agrees to sign the negotiated agreement to invest in university infrastructure and also agrees to pay salaries through the recommended University Transparency and Accountability Solution (UTAS). Read more…
20 RECs retire in Aug as tenure ends
THE tenure of no fewer than 20 state Resident Electoral Commissioners will start expiring with effect from Wednesday. Read more…
CSO drags IGP to court over Tinubu’s alleged perjury
A civil rights group, Incorporated Trustees of Center for Reform and Public Advocacy has dragged the Inspector-General of Police to a Federal High Court in Abuja for allegedly refusing to prosecute the presidential candidate of the All Progressives Congress, Bola Tinubu, over allegations bordering on perjury. Read more…
Ekiti PDP appoints Olujimi’s ally substantive chairman, group kicks
The Peoples Democratic Party in Ekiti State on Monday appointed the former Chairman, PDP Repositioning, Alaba Agboola, as the substantive state chairman of the party. Read more…
Ebonyi PDP suspends party chair over alleged misconduct
The Ebonyi chapter of the Peoples Democratic Party State Working Committee has suspended its Chairman, Mr Okorie Tochukwu, over alleged misconduct. Read more…
CBN’s MPC members disagree with FG’s debt structure, borrowings
Members of the Central Bank of Nigeria, CBN, Monetary Policy Committee, and MPC, have expressed concern over the increasing Eurobonds component in Nigeria’s external debt structure. Read more…
Lagos state government shuts down Redeemers School over death of pupil
The Lagos State Government has announced the shutdown of the Redeemers Nursery and Primary School, Ogba, over concerns about the safety of the pupils in the school. Read more…
International Stories
Suspect in custody after deadly Illinois July Fourth parade shooting
At least six people were killed in a shooting in downtown Highland Park, Illinois, during a July Fourth parade, and dozens have been injured, officials said. Read more…
Australia floods: 50,000 on evacuation alert after deluge hits Sydney
About 50,000 people have been urged to evacuate their homes as floods hit Australia's largest city for the third time this year. Read more…
Canadian officials barred from tycoon's China trial
Canadian officials say they have been barred from the trial of billionaire Xiao Jianhua by Chinese authorities. Read more…
Zimbabwe to introduce gold coins as local currency tumbles
Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. Read more…
Business Matters
FIRS extends deadline for filing of 2022 Companies Income Tax returns to 31st August 2022
The Federal Inland Revenue Service has extended the deadline for filing Companies Income Tax Returns for the 2022 Year of Assessment, which was due on 30th June 2022, to 31st August 2022. Read more…
Oil and gas is the best performing index in HY 2022 with a 58% gain
Russia’s invasion of Ukraine has led to a sharp rise in global oil prices amounting to more than 100 dollars per barrel. This development, without doubt, has posed high implications for the Nigerian economy as the largest oil-producing country in Africa. By extension, Africa will also feel the impact as its largest economy is affected. Read more…
Celsius has paid $143 million in debt since the start of Q3
Crypto lending platform, Celsius, has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the start of July, signalling that the platform is doing all it can to stave off a complete collapse amid credible rumours of insolvency. Read more…
Nigeria’s 26 power plants’ capacity drops by 70%
There has been a drop in the combined generation capacity of Nigeria’s 26 power plants by 70 per cent, industry statistics have shown. Read more…
Solid minerals imports rise by 74% in 12 months
The value of solid minerals imports rose by 74.39 per cent from N23.56bn in the first quarter of 2021 to N41.09bn in the same quarter in 2022. Read more…
FG issues guideline to retain oil sector spending in Nigeria
The Federal Government has developed and issued an insurance guideline to drive the retention of oil sector financial spending in Nigeria and help reverse capital flight. Read more…
Tech Updates
Meta to Close Novi Crypto Wallet by September
Meta's cryptocurrency ambitions have never really got off the ground, and with the announcement that the company is withdrawing its Novi crypto wallet, it seems that the ride really is over this time. Read more…
Metro
Rihanna is now worth $1.4 billion–making her America’s youngest self-made billionaire woman
The youngest self-made billionaire woman in the U.S. didn’t grow up in a Manhattan high rise or the Hollywood Hills. Instead, Rihanna amassed her fortune from her own music and entrepreneurial ventures. Read more…
Quote of the Day
"Set your goals high, and don't stop 'til you get there."
—Bo Jackson