Daily Juice
NGX launches West Africa’s first exchange-traded derivatives market.
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Local Stories
Crude oil theft: Case of onshore vs offshore thieves
the issue of offshore oil theft took centre stage in the last two weeks as if it is a newfound channel of corruption in Nigeria. Read more…
Probe begins as Lagos lady narrates robbery, attempted rape in Tanzanian hotel
The Zanzibar Commission for Tourism, Tanzania, has commenced an investigation into allegations of robbery and attempted rape made by a Nigerian tourist, Zainab Oladehinde. Read more…
NDLEA busts cocaine cartels, arrests seven traffickers
Operatives of the National Drug Law Enforcement Agency have foiled attempts by Brazil-based drug cartels to smuggle large consignments of cocaine into Nigeria through three major international airports in Port Harcourt, Abuja and Lagos, leading to the arrest of seven traffickers. Read more….
COVID-19: Nigeria records increase in discharge cases, says NCDC
The Nigeria Center for Disease Control has said there is an increase in the number of discharge cases for the coronavirus pandemic. Read more…
Presidency: PDP opts for indirect primary, may prune 17 aspirants
There are strong indications that the Peoples Democratic Party have settled for indirect primaries to pick its 2023 presidential candidate on May 29. Read more…
International Stories
Biden and US allies face a new dilemma on Ukraine aid
Ukraine's military took a defiant stand this weekend -- refusing to give in to Russia's demand for Kyiv's troops in the port city of Mariupol to surrender. Read more…
North Korean leader shown observing weapons test as country fires projectiles into eastern waters
North Korea fired two projectiles into waters off the east of the Korean Peninsula Saturday evening, according to the South Korean military, the country's 12th such test this year. Read more….
SpaceX's Falcon 9 launches spy satellites for a second time
A SpaceX Falcon 9 rocket once again successfully launched a US spy satellite from the Vandenberg Space Force Base in California, the company said. Read more…
Business Matters
Fuel subsidy puts Nigerian economy at high risk –World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. Read more…
25% of 2022 capital expenditure may not be funded –Economists
ABOUT 25 per cent of the projected N4.5tn capital expenditure in the 2022 Appropriation Act may not be funded, going by the funding priority of the Federal Government in the 2022 fiscal year, findings contained in a report by economists at AgustoConsulting showed. Read more…
Nigeria can’t track importers of substandard products –SON
The Director-General of the Standards Organization of Nigeria, Farouk Salim, has said that in Nigeria, no one is tracking importers of substandard goods. Read more…
NGX launches West Africa’s first exchange-traded derivatives market
Nigerian Exchange Limited has launched West Africa’s first Exchange Traded Derivatives Market with Equity Index Futures Contracts. Read more…
51 firms drive stock market gain by N500bn
Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange Limited last week.
The market opened for four trading days last week as the Federal Government of Nigeria declared Friday (Good Friday) and Monday (Easter Monday) public holidays to commemorate the 2022 Easter celebrations. Read more….
Tech Updates
Despite CBN ban, 33.4 million Nigerians trade crypto – Report
Despite the Central Bank of Nigeria’s restriction on cryptocurrencies-related transactions in the banking sector, a report by a crypto platform has said about 33.4 million Nigerians trade or own crypto assets. Read more…
NFT of Jack Dorsey's first tweet struggles to sell
The buyer of a non-fungible token (NFT) of Twitter co-founder Jack Dorsey's first tweet says he "may never sell it" after receiving a series of low bids. Read more…
Metro
Musician killed as security operatives, bandits clash in Imo
A musician, Roco Nnadiekwe, but with a stage name as Ja Rule was on Sunday shot dead as bandits and security operatives clashed in Orlu in Imo state. Read more….
Army officer shuns Lagos task force, claims land ownership
The Commanding Officer, 174 Battalion, Nigerian Army, Odogunyan, Ikorodu, Lt. Col. Seyi Sholotan, has shunned a second invitation extended to him by the Lagos State Taskforce on Land Grabbers. Read more….
Kano gov mourns as six imams die in crash
The Kano State Governor, Dr Abdullahi Ganduje, on Sunday, commiserated with the families of six Islamic clerics who lost their lives in an auto crash while returning from the Sumaila Local Government Area of the state. Read more….
Lagos residents demand Lekki-Ikoyi toll cancellation
Some residents of Lekki, Lagos State, have called for the cancellation of toll collection at the Lekki-Ikoyi link bridge. Read more…
Rivers teachers raped 50 pupils in four months, says FIDA
The International Federation of Women Lawyers has raised the alarm over the rise in cases of teachers sexually abusing their students in Rivers State. Read more…
Group seeks genital mutilation laws review
A non-governmental organisation, Hacey Health Initiative, has canvassed sustained broader efforts among stakeholders to eliminate the practice of female genital mutilation. Read more….
Quote of the Day
"Failures are made only by those who fail to dare, not by those who dare to fail."
—Lester B. Pearson