Ex- Minister, Ajibola Afonja dies at 82

A former Minister of Labour and Productivity under the Interim National Government of Chief Enerst Sonekan, Prince Ajibola Afonja, is dead. Our correspondent learnt that the former Chairman of First Bank and native of Oyo town, Oyo State, died on Sunday night at the University College Hospital, UCH, in Ibadan, at 82. He was said […]

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EPL: Haaland finishes top goal scorer [See list]

Erling Haaland has finished as the English Premier League (EPL) top goal scorer for a second consecutive season as Manchester City beat West Ham 3-1 to win a fourth consecutive title. The Norwegian striker was absent for two months of the season through injury and struggled to match the heights of his debut campaign at City when […]

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MPC outcome, inflation data to drive equities’ sentiment

Stock market analysts have indicated that trading this week would be driven by the outcome of the anticipated Monetary Policy Committee, MPC, meeting scheduled for today and tomorrow as well as investors’ continuing reaction to the inflation figures announced last week by the National Bureau of Statistics, NBS. This comes at the backdrop of the sustained […]

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US manufacturing output dips in April

Production at U.S. factories unexpectedly fell in April amid a decline in motor vehicle output, data showed on Thursday. Manufacturing output dropped 0.3% last month following a downwardly revised 0.2% increase in March, the Federal Reserve said. Economists polled by Reuters had forecast factory output rising 0.1% after a previously reported 0.5% advance in March. Production […]

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Nigeria tops Indonesia’s investment destination in Africa

Nigeria has become the top investment destination for Indonesia in Africa, overtaking South Africa, with a trade balance in excess of $4.7 billion in 2022. President of NICCI, Mr. Ishmael Balogun, stated this at a press conference, in Lagos over the weekend, to announce the upcoming 3rd edition of the Nigerian-Indonesian Investment and Trade Forum (NIITF) […]

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China’s April industrial output rises 6.7%

China’s industrial output grew 6.7 per cent year-on–year in April, accelerating from the 4.5 per cent pace seen in March, as the recovery in the manufacturing sector gathered pace. The official data released on Friday by the National Bureau of Statistics (NBS) came above a 5.5 per cent increase in a Reuters’ poll of analysts. However, […]

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