Author: Prima News

Nigeria’s macroeconomic landscape is shifting as the Central Bank aggressively tightens liquidity, reshaping local fixed-income and currency markets. While high-yield OMO auctions anchor the financial system, broader indicators reveal deep sectoral contrasts, marked by expanding industrial foreign exchange capacity alongside mounting pressures in agriculture and regional funding, writes JIDE AJIA Fixed-income analysts are strongly advising institutional investors and fund managers to realign their portfolios towards short-dated sovereign instruments, following an aggressive liquidity mop-up by the CBN that has pushed Open Market Operations yields to highly competitive levels. The calls for tactical reallocation come on the heels of the latest primary…

The people of Idodo Zone, Governor Peter Mbah’s immediate zone in Nkanu East LGA of Enugu State have hosted him to a grand civic reception, describing him as a son in whom they are well pleased. They also donated the sum of N50m towards the governor’s reelection. The people, who trouped out in their thousands, said Mbah had not only lifted the zone from the backwaters of Enugu State to reference point in development, but had equally put Enugu State on the national map in all indices of national development. Speaking through the Chairman of the organising committee, Osinachi Nnajieze,…

Plateau State Commissioner for Health, Dr Nicholas Baamlong, says the state has recorded 11 confirmed cases of cholera, five deaths and 53 suspected cases. Baamlong, who disclosed this to journalists on Sunday in Jos, said the confirmed and suspected cases were reported in Pushit, Mangu 1 and Mangu 2 communities in Mangu Local Government Area. According to Baamlong, the State Ministry of Health is intensifying public health interventions to contain the outbreak, prevent further spread and reduce its impact on affected communities. He explained that the state had taken decisive actions to control the outbreak and protect residents through the…

A group of 13 World Cup teams on Sunday hit out at UEFA President Aleksander Ceferin over reported remarks in which he said this year’s expanded tournament would lead to many “completely uninteresting” matches. In a joint statement, the 13 football associations, including World Cup debutants Cape Verde, Curacao and Uzbekistan, said they “respectfully but firmly reject” Ceferin’s comments quoted in the Slovenian newspaper Delo. “For our countries, there is no such thing as an unimportant World Cup match,” the joint statement read. “To suggest that these matches are somehow less important is deeply disappointing and fails to recognise the…

Social media personality and self-acclaimed financial expert, Ojaigho Prosper, popularly known as GehGeh, has said that women who criticise him online often behave differently when they meet him in real life, stating that he receives more attention from women offline than men. Speaking in an interview with Saturday Beats, GehGeh reflected on his rise to social media fame, stating that his journey began with a desire to share real-life financial lessons rather than chase online popularity. He said, “I was simply coming from a place where I wanted to share my experiences because I felt I had enough knowledge and…

Mr Victor Friday, an unemployed graduate, speaks with CHUKWUDI AKASIKE on the circumstances surrounding the death of his elder brother, Joshua Ibanga (also known as Amadi), alleging that some police officers in Delta State were complicit How are you related to the deceased? He was my elder brother. How did you get the news of your brother’s death? A man named Amejuma, who is my friend, called me while I was at work and asked, “Is Amadi your brother?” Amadi was my brother’s nickname, so I said yes. He then told me, “He is the one the police just killed…

Who else noticed the President’s new pair of glasses? If you have been watching closely (and watching closely is, after all, my job), you will have counted at least three pairs of glasses the President has used in the past three years. You can’t miss them! Three different frames, and possibly three different ways he’s been seeing the rest of us. Let me explain. There was the first pair, the one President Tinubu wore in those early days of his presidency. You can see it in the photographs from his first outing to France. It is a chunky, dark, rounded…

Good games obscure their emotional underpinnings with enjoyable gameplay, but the best let you be a little bastard while you do it.Bad Magpie, the debut game from London-based indie studio Milktooth, follows the proud tradition of players controlling animals committing misdemeanor chaos, like Untitled Goose Game. They’re joyful exercises in cutting loose and making life minorly worse for everyone else. But there’s a thematic throughline to Bad Magpie that ties into a very human experience. “The idea [for Bad Magpie] came out of a very sad place: One of us was going through heartbreak, another of us had a loss in…

SpaceX went public this week in the largest IPO ever, making CEO Elon Musk the world’s first trillionaire. Despite its name, SpaceX has been emphasizing the potential of its costly AI business, and competitors OpenAI and Anthropic may soon follow with their own public market debuts. So on the latest episode of TechCrunch’s Equity podcast, Kirsten Korosec, Sean O’Kane, and I discussed what’s looking like a hot IPO summer. “We have SpaceX not only sucking up just a huge chunk of the money that’s available on public markets, but also really stress testing the limits of what a public company…

Real Madrid have agreed a deal with Chelsea to sign Spanish defender Marc Cucurella after the World Cup worth 55 million ($63 million), according to reports. The left-back, 27, joined Chelsea from Brighton in 2022 after coming through La Liga champions Barcelona’s academy and moving to Getafe. Real Madrid president Florentino Perez appointed Jose Mourinho as coach this week after he was reelected earlier in June, following two seasons without winning a major trophy. Los Blancos are set to sign Liverpool defender Ibrahima Konate at the end of his contract at Anfield and have been linked with Bernardo Silva and…