As a mono-economy that relies heavily on oil revenue to carry out its activities, Nigeria might just be carrying more burdens with the US Fed hike of its interest rates; BENJAMIN UMUTEME reports. It is often said that ‘when America sneezes, the world catches cold.’ And that is the situation Nigeria’s fiscal authorities seem to find themselves in at the Read More
Nigeria’s debt may continue to remain unsustainable with the rise in Eurobond Yield and increasing United States interest rates with the bond expected to mature in five years time. For instance, Nigeria’s Eurobond Yield with a maturity of 2022 closed trading last weekend at a yield of 10.6 per cent up from 8.9 per cent at the end of April Read More
A wire fraud suspect, Adedunmola Gbadegesin was on Tuesday, April 26, 2022, extradited to the United States of America where he is wanted in a case of conspiracy to commit wire fraud and money laundering. The offences contravene Title 18, US Code, Section 1349 and 1956 (h) and carry a maximum jail term of 20 years. A press release issued Read More
The United States made history and emerged as the Senate confirmed Ketanji Brown Jackson as the first Black woman ever to serve on the Supreme Court. The 51-year-old’s appointment means white men will not be the majority on the nation’s high court for the first time in 233 years.President Joe Biden called it a “historic moment for our nation.” “This Read More
Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s First Deputy Managing Director, told The Financial Times. Russia has been hit with a plethora of sanctions from the United States and its allies for its late-February invasion of Ukraine. Russia has Read More
The U.S. Attorney Brit Featherston of the Eastern District of Texas has announced the sentencing of a Nigerian man, Sobanke Idris Sunday Adereti, to federal prison for federal fraud violations. A press statement by the U.S. Embassy in Nigeria, disclosed that Adereti, 24, pleaded guilty on October 25, 2021, to passport fraud and attempted bank fraud, and was sentenced to Read More
The U.S. has been widely condemned for its long-term and systemic racism against ethnic minority groups and immigrants in its justice system. While people of color make up 37 percent of the U.S. population, they account for 67 percent of the country’s prison population. The incidence of human rights violations is particularly high in immigrant detention centers along the U.S. Read More
The U.S. should clarify thoroughly its military biological activities around the world with a responsible attitude and stop standing alone in opposing the establishment of a Biological Weapons Convention (BWC) verification regime, so as to help improve global biosecurity. Russia recently exposed military biological cooperation projects conducted by the U.S. in Ukraine, further unmasking the U.S., an empire of military Read More
The United States vowed on Tuesday to release 30 million barrels of oil as part of a global 60 million barrel pledge in an effort to shore up energy markets amid the ongoing Russia invasion of Ukraine, and said it could take further steps as needed. “We are prepared to use every tool available to us to limit disruption to Read More
More images have now emerged of the apartment building near Kyiv’s Zhuliany airport that was struck by a missile earlier on Saturday. The pictures show a hole covering at least five floors that were blasted into the side. Authorities say the number of casualties is “being specified” while an evacuation is under way. Meanwhile, Ukrainian President Volodymyr Zelensky turned down Read More
The Chief Justice of Nigeria (CJN), Hon (Dr) Justice Ibrahim Tanko Muhammad has said the Judiciary was open to initiatives aimed at improving and strengthening the capacity of judicial officers in the handling of cases on emerging crime trend in the country. The CJN particularly harped on the need for judicial officers to imbibe technology to combat emerging crimes like Read More
The U.S. rate of inflation climbed again in January to 7.5% and stayed at a 40-year high, suggesting upward pressure on consumer prices is unlikely to relent soon and putting more pressure on the Federal Reserve to act. The consumer price index rose 0.6% in the first month of the new year, driven by big advances in rent, food and Read More
The US embassy has stated that visa facilitators and agents operating in Nigeria, especially in Lagos are operating with impunity for their financial gains, warning that Nigerians will continue to pay high fees if they work with visa facilitators to get appointments at the embassy. Susan Tuller, Country Consular Coordinator of the US Embassy in Nigeria who disclosed this in Read More
Oil prices surged to seven-year highs on last Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers. Brent crude rose $2.16, or 2.4 per cent, to settle at $93.27 a barrel having earlier touched its highest since October 2014 at $93.70. U.S. Read More
The United States has revealed that popular Nigerian entrepreneur, Obinwanne Okeke, popularly known as Invictus Obi, will be released in September 2028. Obi has been handed a 10-year jail term in the U.S following a judgement on $11 million fraud. A statement by the United States Federal Bureau of Prisons on its website revealed that Obi is being held at Read More
As insecurity continues to affect every aspects of life in Nigeria, anxiety is mounting over the government of the United State of America (USA) recent threat to suspend military aid to Nigeria. In this report, ABDULRAHMAN ZAKARIYAU takes a critical look at the implications of the threat. The Leahy Law is an American rights ordinance that prohibits the US government Read More
The US Center for Disease Control and Prevention (CDC) has celebrated the 20th anniversary of its establishment in Nigeria. A press statement by the mission, Wednesday, said, “The Nigeria country office was established in November 2001 to support the government of Nigeria to improve disease surveillance systems, build institutional competencies, and expand human resources for health capacities. “At the 20th Read More
Senator Chimaroke Nnamani ( PDP Enugu East), will bury his mother, late Mrs Elizabeth Nwachi Nnamani on Monday at Fairfax Memorial Funeral Home , Fairfax, Virginia, United States. In a statement issued in Abuja Sunday, the burial of Madam Nnamani in United States of America who died at age 85 , is based on her wish to that effect , Read More
The Global Startup Ecosystem, U.S. Mission in Nigeria, is set to return with the 3rd Annual Nigeria Tech Summit on December 17, 2021, at the Abuja Transcorp Hilton with virtual live access to global delegates. A press statement by the Mission said, “The programme sponsored by the U.S. Mission in Nigeria will be hosted in partnership with accelerator partners IBM Read More
Newcastle United have appointed Eddie Howe to succeed Steve Bruce as the Premier League club’s head coach. Howe, who has signed a contract until the summer of 2024, has not been in management since he left Bournemouth in August 2020 following relegation.“This is a wonderful opportunity, but there is also a lot of work ahead of us,” Howe told Newcastle’s Read More
The United States has said that it was paying close attention to actions of individuals who interfere with the democratic process or instigate violence against civilian populations before, during, or after the November 6 governorship election in Anambra state. The US Mission in a statement on the upcoming Anambra election, Wednesday, said: “The United States looks forward to a gubernatorial Read More
Ogun State Governor, Prince Dapo Abiodun has given residents up to 60 days to get vaccinated or risk being banned from assessing government facilities in the state. The governor made this known Monday, at the flag off ceremony of mass covid-19 vaccination held at the Arcade ground in Oke-Mosan, AbeokutaAbiodun stated that “We are going to give a window for people Read More
A National Diploma (ND1) student in the department of Mass Communication, Osun State Polytechnic, Iree, has been declared dead after developing sickness in her boyfriend’s house. The lady, simply identified as Wumi, was said to have visited her boyfriend at the weekend where she had complication and became unconscious. It was gathered that the lady was living at Gaa Fulani, Read More
Ahead of Anambra state governorship election scheduled for November 6, the former frontline governorship candidate of All Progressives Grand Alliance (APGA) and current member of the House of Representatives, representing Aguata Federal Constituency in Anambra state, Hon. Chukwuma Umeoji, has defected to the All Progressives Congress (APC) along with two House of Assembly members and several party supporters. Umeoji defection Read More
The Commandant General of the Nigeria Security and Civil Defense Corps (NSCDC) Ahmed Abubakar Audi, has ordered for the deployment of 20,000 officers and men of the Corps to ensure protection of lives and property before, during and after the forthcoming governorship election in Anambra state. The NSCDC boss who said the Corps is aware of the murderous activities of Read More
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