Breaking News in Nigeria Today Wednesday 25th December 2024
Here are some of the Breaking News in Nigeria Today Wednesday 25th December 2024 on some of the nation newspapers .
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target=_blank>A Christmas To Remember In Nigeria!
ShareChristmas is celebrated by Christians all over the world as a time of joy. Yuletide comes with festivities and gladenning expectations. The year 2024 will be remembered for the harvest of deaths that ushered in the special season. Many homes are in mourning and will continue to do so around this time every year. These…
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target=_blank>Nigeria To Partner Bloomberg On Global Investment Appeal
ShareAs part of efforts to attract investors into the countty, the Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), is set to partner with financial news outfit, Bloomberg, in a two-year initiative. At a meeting with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in his…
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target=_blank>Oil Prices Rise Over Pre-Christmas Trading
ShareOil prices rose yesterday, and reversed the prior session’s losses on a brightening short-term market outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. According to Reuters, Brent crude futures rose by 88 cents, or 1.2 per cent, to trade at $73.51 a barrel, while…
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target=_blank>Basel Committee Publishes Final Guidelines For Counterparty Credit Risk Mgt
ShareThe Basel Committee on Banking Supervision has issued final guidelines for Counterparty Credit Risk (CCR) management. According to a press release, the guidelines will replace the Committee’s “Sound practices for banks’ interactions with highly leveraged institutions” published in January 1999. The statement said that the guidelines include key practices critical to resolving long-standing industry weaknesses…
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target=_blank>Big Banks, Business Groups Sue US Fed Over Annual Stress Tests
ShareMajor banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank’s annual “stress tests” of Wall Street firms violate the law, according to a Reuters’ report. The report said that the lawsuit filed in U.S. District Court in Columbus, Ohio, claims the Fed’s practice of determining how big banks perform…
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target=_blank>Broadband: Telecoms Firms Task Govt With Improving Infrastructure
ShareThe Association of Telecommunications Companies of Nigeria (ATCON) has called on the Federal Government (FG) to address the infrastructural deficit, economic constraints and systemic challenges of broadband internet expansion. The association’s president, Mr Tony Emoekpere, made the call on Tuesday while speaking with the News Agency of Nigeria (NAN) on ways to address the barriers…
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target=_blank>Egbetokun: Police Arrested 30,313 Suspects, Rescued 1,581 Kidnap Victims In 2024
ShareThe fight against terrorism, banditry, armed robbery and other violent crimes in the country resulted in the recovery of 1,984 assorted firearms, 23,250 rounds of ammunition, and 1,438 stolen vehicles in the last one year, the Inspector General of Police (IGP), Kayode Egbetokun, said yesterday. Egbetokun spoke yesterday during a strategic meeting with senior officers…
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target=_blank>EBID Wins Africa Sustainability Award
ShareThe Advisory Board of the African Sustainability Awards in partnership with United Nations Educational, Scientific and Cultural Organization (UNESCO) has selected the ECOWAS Bank for Investment and Development (EBID) as the winner of the Financial Institution of the Year – Africa category at the Africa Sustainability Awards. According to a press release, the award will…
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target=_blank>Report: Predictable Exchange Rate Key To Tackling Inflation
ShareThe Central Bank of Nigeria (CBN) is right in focusing on measures that promote a more predictable exchange rate environment, as this is crucial to reducing inflationary pressures and preserving consumer purchasing power, especially during the festive season when there is increased expenditure, a report by Unity Bank has said. According to the report, recent…
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target=_blank>Christmas: Akpabio Urges Nigerians To Show Love, Unity
ShareSenate President Godswill Akpabio has urged Nigerians to use the occasion of Christmas as an avenue to exude peace, love and unity. Akpabio, in a Christmas message issued by his Special Adviser on Media and Publicity, Eseme Eyiboh in Abuja yesterday, said the festive period called for celebration and reflection. He said: “In the spirit…
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