Daily Archives: November 6, 2023

The Nigerian government is concerned that a US notice about a potential terror threat to its citizens may induce fear and have adverse impacts on the Nigerian economy.

In response to the recent travel advisory issued by the United States of America to its citizens in Nigeria, the federal government has expressed its concerns. The United States had previously cautioned its citizens in Nigeria about “elevated threats” to major hotels in the country’s “larger cities.” Addressing this matter on Monday, November 6,…

Fifteen Lives Lost in Kenya Due to Devastating Flooding

Fifteen people have tragically lost their lives in Kenya as a result of flooding caused by torrential rains, with numerous homes swept away and farmland devastated. This devastating situation has left the country grappling with the aftermath of heavy rainfall and destructive floods, which have inundated homes and submerged roads. The Kenya Red Cross reported…

“Foreign Exchange Earnings: Nigerian Banks See a 156% Surge in Profits, Reaching N2.3 Trillion.”

Nigerian Banks See Extraordinary Profit Surge Thanks to Forex Gains Recent fluctuations in the Naira’s exchange rate have translated into extraordinary profits for Nigerian banks. According to financial reports from nine prominent banks listed on the Nigerian Exchange Limited (NGX), these institutions collectively achieved a staggering pre-tax profit of N2.292 trillion during the first nine…