Gold price is sitting at the highest level on record above $2,700 early Friday, with the latest uptick led by China’s stimulus optimism and a broad-based US Dollar (USD) pullback. The focus now shifts to the Middle East geopolitical updates and Fedspeak for further trading impetus. Gold price eyes Mideast tensions, FedspeakThe USD retreats from over two-month...
Category: Business and Economy
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AUSTRALIA’S BIRTH RATE HIT ROCK BOTTOM, SPELLS DOOM FOR ECONOMY
There are warnings that Australia’s birth rate — having hit a record low — is now at a critical level.Bureau of Statistics figures show 286,998 births were registered in Australia in 2023, resulting in a total fertility rate of 1.50 babies per woman.Australian National University demographer Liz Allen said the nation’s birth rate is perilously low....
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VIDEO: LAGOS STATE CELEBRATE INAUGURAL COMMERCIAL RIDE OF THE LMRT RED LINE.
“We remain committed to improving commuting time for residents and paving the way for seamless travel within our state.” Babajide Sanwo-Olu Video credit; @jidesanwoolu info@thesubstancenews.com
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“NIGERIA WILL NEED TO STAY THE COURSE OF CURRENT ECONOMIC REFORMS FOR AT LEAST THE NEXT 10 TO 15 YEARS TO TRANSFORM ITS ECONOMY.” WORLD BANK
The World Bank has stated that Nigeria must maintain its ongoing economic reforms for the next 10 to 15 years to establish itself as a leading economic power, not only in sub-Saharan Africa but also on the global stage.These reforms, according to the bank, are crucial for ensuring sustainable growth and development, allowing Nigeria to...
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COVENANT UNIVERSITY (CU) RANKS TOP BEST IN NIGERIA.
The Times Higher Education world university ranking has rated Covenant University (CU) has best top university in Nigeria for 2025.The Times Higher Education World Rankings is a comprehensive global ranking of universities published annually, providing definitive list of the world’s best universities, with an emphasis on the research mission.According to THE in its Mission Statement, “It...
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BILL GATES MOURNS RATAN TATA DEMISE, SAYS ‘HIS LOSS WILL BE FELT AROUND THE WORLD FOR YEARS TO COME.’
Microsoft co-founder Bill Gates mourned the passing of national icon and veteran industrialist Ratan Tata. Tata passed away on Wednesday at Mumbai’s Breach Candy Hospital, at age 86. Gates on his social media handle had expressed that Tata’s absence will be felt around the world for years to come. “Ratan Tata was a visionary leader...
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KATSINA STATE GOVERNMENT REITERATES COMMITMENT TO PURSUING MORE PEOPLE-ORIENTED PROJECTS AS FG LAUNCHES DISTRIBUTION OF 21,924 BAGS OF RICE IN THE STATE
The katsina state governor, Malam Dikko Umaru Radda, reiterated his commitment to pursuing more people-oriented projects as Federal Government launches distribution of 21,924 bags of rice in the stateThe governor expressed his gratitude to the federal government for the palliative support, assuring that it would be distributed fairly and responsibly.He assured that the state government...
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CBN MOVE TO ENHANCE TRANSPARENCY AND PROVIDE ACCURACY OVER FOREIGN EXCHANGE TRANSACTIONS.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso disclosed that the Bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that trust is essential to central banking.Addressing members of the Harvard Club of Nigeria in Lagos at the weekend on the topic: “Leadership in...
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TOYOTA ENDS INVOLVEMENT IN SPONSORING LGBTQ+ EVENTS AND PARADES
Toyota, the car manufacturer, has revealed a shift in its approach to diversity, equity, and inclusion (DEI) programmes, announcing that it will no longer sponsor cultural events and parades such as LGBTQ+ Pride in the US.The announcement cames after hard-line right-wing pundit Robby Starbuck took to X/Twitter to condemn the company for its commitment to...
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FG SIGNS MOU WITH RUSSIAN CONSORTIUM TO REHABILITATE, AND OPERATE AJAOKUTA STEEL COMPANY LIMITED AND THE NATIONAL IRON ORE MINING COMPANY LIMITED.
The Federal Government of Nigeria has signed a Memorandum of Understanding, MoU, with a Russian consortium, the original builders of Ajaokuta Steel Plant Messrs, Tyazhpromexport, TPE, to rehabilitate, complete and operate Ajaokuta Steel Plant, and National Iron Ore Mining Company, NIOMCO, Kogi State.This was disclosed in a press statement by the Head, Press & Public...