Author: Chief Editor

The Central Bank of Nigeria has allowed commercial banks to freely trade foreign exchange at any rate. The announcement comes after Godwin Emefiele’s suspension as CBN’s governor. Details shortly. [Article Source]

Real Madrid president Florentino Perez has reportedly decided to go all out to bring Paris Saint-Germain forward Kylian Mbappe to Santiago Bernabeu this summer. Perez is keen on adding Mbappe to his squad and reckons the France international would push for the move following the departure of Karim Benzema to Saudi Arabia giants Al Ittihad. According to El Larguero, Mbappe’s decision to confirm to PSG that he will not be renewing his deal has seen Real Madrid’s head turn. Perez, who was willing to wait till January 2024 to hold talks with Mbappe, is now ready to make the big…

Football transfer expert, Fabrizio Romano, has confirmed that N’Golo Kante will join Saudi Arabian side Al Ittihad from Chelsea. Romano disclosed this in a tweet via his Twitter handle on Tuesday. According to him, Kante will receive a salary of around €100 million and the first part of the medical tests have already been completed. “Documents are being signed today for N’Golo Kanté to Al Ittihad as revealed last week — done and sealed soon,” Romano tweeted. “Kanté salary will be around €100m, the first part of medical tests are already completed. “Here we go confirmed, end of an era…

Manchester United forward, Alejandro Garnacho, has revealed that manager, Erik ten Hag personally rejected his request to end his Red Devils season early to play for Argentina at the recently concluded Under-20 FIFA World Cup. Garnacho was initially included in Javier Mascherano’s squad for the U-20 World Cup tournament, which began in May and ended last Sunday but the Argentine required permission from Ten Hag. The 18-year-old attacker was recovering from an ankle injury at the time of the call-up but was keen to represent Argentina. However, Garnacho was denied a chance to feature at the tournament following talks with…

Guinness World Record has finally certified Nigerian chef, Hilda Effiong Bassey, aka Hilda Baci, who broke the record for the longest cooking marathon by individual. DAILY POST recalls that Hilda Baci last month, cooked for 100 hours non-stop, breaking India’s Lata Tondon’s 87 hours 45 minutes record of uninterrupted cooking in the process. On Tuesday, the record body finally certified her as the new record holder for the longest cooking marathon (individual). Guinness World Record tweeted, “After reviewing all the footage, we’re delighted to announce that Hilda Baci is the new record holder for the longest cooking marathon (individual) “Watch…

In his bid to establish his allegations of malpractices in the conduct of the February 25 presidential election, the Labour Party (LP) candidate in the last election, Peter Gregory Obi on Tuesday, tendered additional 188 exhibits against the declaration of Bola Ahmed Tinubu as winner of the election. The exhibits, mainly results sheets and reports used by the Independent National Electoral Commission (INEC) during the election, were tendered at the Presidential Election Petition Court (PEPC) and admitted as exhibits to be used to determine the legality or otherwise of Tinubu’s return as the President. Obi, through Peter Afoba, a Senior…

Nigeria’s drive to end gas flaring is expected to result in increasing Liquefied Petroleum Gas (LPG) production from domestic companies, a report by Argus Media, which publishes market data for the oil and gas industry, has stated. It quoted the country’s upstream regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as pegging domestic natural gas production at 8bn ft³/d (82.4bn m³/yr), of which around 10 per cent is flared. The country’s flaring intensity, it said, has increased by 10 per cent over the past decade, according to global industry association the International Gas Union (IGU), a period that overlaps with…

As the country ushers in a new administration into office, Gilbert Ekugbe spotlights agric stakeholders’ expectations for the Bola Ahmed Tinubu-led administration to transform the nation’s agro sector Hitting the ground running, President Bola Ahmed Tinubu, in his inaugural speech stated his administration’s resolve to establish agricultural hubs throughout the nation to increase food production while also prioritising efforts in value-added processing of agricultural commodities. Tinubu assured that through these actions, food shall be made more abundant yet less costly as farmers would earn more while the average Nigerian pays less for food products. Stakeholders in the agricultural industry had at different…

Shell will keep oil output steady or slightly higher into 2030 as part of the Chief Executive Officer, Wael Sawan’s, efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits continue to boom, company sources told Reuters. Sawan will announce at an investor event this week the scrapping of a target to reduce oil output by 1 per cent to 2 per cent per year, having already largely reached its goal for production cuts, mainly through selling oil assets such as its US shale business, the three sources said. Sawan,…

The latest production cuts by the Organisation of Petroleum Exporting Countries (OPEC) will prompt a draw in oil inventories, sending prices into the low $90s, Goldman Sachs Group, has said. In a Bloomberg TV interview, the organisation’s Global Head of Commodities Research, Jeffrey Currie, said that the decision by the oil cartel will mostly reflect in the fourth and fifth quarters of this year. “You’re going to be seeing substantial physical inventory draws because of these OPEC production cuts, particularly in the third and fourth quarter,” he said. “That’s going to push us up into the low $90s,” he added. Oil…