Breaking News in Nigeria Today Monday 3rd July 2023
Here are some of the Breaking News in Nigeria Today Monday 3rd July 2023 on some of the nation newspapers .
Read also
IMF: Us Dollar Share Of Global Reserves Rose To 59% In Q1
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund (IMF) rose in the first quarter of the year, in the midst of a still aggressive rate-hike cycle from the Federal Reserve aimed at curbing uncomfortably high inflation. According to IMF data, the greenback’s share of reserves rose to 59 per cent…
New Telegraph.
Report: Global M&A Activity Plunge In Q2
Global Mergers and Acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market’s recovery will gradually restore chief executives’ dealmaking confidence, Reuters reported over the weekend. The total value of M&A fell to $732.82 billion in the second quarter of 2023 from $1.14 trillion…
New Telegraph.
Analysts Seek Significant Reduction In Nigeria’s Debt-to-GDP Ratio
Analysts at Cowry Asset Management Ltd have called on the Federal Government to take steps to significantly reduce the country’s debt-to- Gross Domestic Product (GDP) ratio in order to avoid a debt crisis in the future. The analysts stated this while reacting to the latest report on Nigeria’s public debt profile published by the Debt…
New Telegraph.
AFDB Commends Italy For Contribution To Youth Entrepreneurship Fund
The African Development Bank (AfDB) has welcomed a contribution of EUR 5.5 million from Italy for its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. According to a press release, Italian officials, who announced the new financing during the Fund’s mid-year Oversight Committee Meeting held virtually on 26 June, reaffirmed the country’s commitment to fostering youth…
New Telegraph.
Group Secures Court’s Order To Compel Disclosure Of FAAN’s Generated Revenue
Justice Akintayo Aluko of a Federal High Court in Lagos has granted an exparte motion seeking leave for an order of mandamus that will compel the Federal Airport Authority of Nigeria (FAAN) to disclose the total annual generated revenue from the toll gates and parking lots in each of the Federal Government’s owned Airports across…
New Telegraph.
Flutterwave Announces Five-year Tech Agreement With Microsoft
Flutterwave an African payments technology company has announced it is working with Microsoft to build its next generation platform on Microsoft Azure, powering payments infrastructure across the African continent and beyond. This agreement reflects com Flutterwave’s commitment to give businesses and individuals access to global-grade services across all of Africa and drive digital transformation around…
New Telegraph.
Stocks Rise As Strong First Half Set To Close
Stocks climbed Friday afternoon amid more signs of cooling from the Federal Reserve’s preferred inflation gauge, with the need to curb price pressures still the priority for policymakers. The S&P 500 (^GSPC) rose more than one per cent, while the Dow Jones Industrial Average (^DJI) rose about 250 points, or 0.74 per cent, with both…
New Telegraph.
Fidelity Bank To Host 2nd Edition Of Trade Expo In Houston
Building on the success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston, Texas in the United States of America. Tagged FITCC Houston, the event would hold on Tuesday,…
New Telegraph.
2023 Hajj Pilgrims’ Welfare: Nigeria To Seek Refund From S’arabia Over Poor Feeding, Others
The National Hajj Commission of Nigeria (NAHCON) has said the country will demand a refund from Company Mutawifs for pilgrims from African non-Arab countries, following the alleged poor treatment of Nigerian pilgrims at the just-ended Hajj 2023 in the Middle East country. Some Nigerian pilgrims were forced to stage a protest over poor feeding and…
New Telegraph.
Our Expectations From New Service Chiefs, By Lawyers
AKEEM NAFIU writes that lawyers have called on President Bola Tinubu to set timeline within which the newly appointed service chiefs must effectively tackle the menace of insecurity in the country Some senior lawyers have lauded the recent appointment of new set of service chiefs by President Bola Tinubu, saying it’s a step in the…
New Telegraph.
Read also
You can also check
