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Month: July 2024

Jul 11
CAC Orders 4,173 BDCs to Change Names or Face Dissolution

The Corporate Affairs Commission (CAC) of Nigeria has issued a directive to 4,173 Bureau De Change (BDC) companies whose licenses were recently revoked by the Central Bank of Nigeria (CBN). These companies are required to change their names within three months or face the cancellation of their certificates of incorporation and subsequent dissolution. This directive […]

Jul 11
Nigeria’s June Crude Oil Production Rises to 1.27 Million Barrels Daily – OPEC

In June 2024, Nigeria’s average daily crude oil production saw a slight increase, rising to 1.276 million barrels per day (bpd) from 1.251 million bpd in May. This marginal increase of 25,000 barrels daily was reported in the Organisation of Petroleum Exporting Countries (OPEC) monthly oil market report for June 2024. The data, reflecting direct […]

Jul 10
Nigeria’s FX Reserves Exceed $35 Billion, a First Under Tinubu

Nigeria’s external reserves have seen a notable increase, reaching $35.05 billion as of July 8, 2024. This marks the highest level since May 30, 2023, when the reserves stood at $35.09 billion, just before the introduction of the foreign exchange (FX) unification policy in June 2023. This is the first time the reserves have crossed […]

Jul 09
STANBIC IBTC Money Market Funds

Introduction Investing can often seem daunting, especially with the myriad of options available. However, one investment avenue that stands out for its reliability and impressive returns is the STANBIC IBTC Money Market Fund. This fund deserves your attention if you want a secure and profitable way to grow your savings. Why choose the STANBIC IBTC […]

Jul 09
Exercise Lowers Stress-Related Brain Activity & Heart Disease Risk

New research led by Massachusetts General Hospital (MGH) suggests that physical activity can significantly reduce the risk of cardiovascular disease (CVD) by mitigating stress-related signaling in the brain. The study, published in the Journal of the American College of Cardiology, particularly highlights that individuals with stress-related conditions, such as depression, gain the most cardiovascular benefits […]

Jul 09
Brain Stimulation May Relieve Depression, Anxiety in Seniors

A noninvasive brain stimulation treatment has shown promise in improving depression and anxiety symptoms among older adults, according to a new study led by the University of Florida. This study indicates that transcranial direct current stimulation (tDCS) can serve as an effective, noninvasive, and drug-free option for treating depression and anxiety symptoms, conditions that affect […]

Jul 09
Brain Stimulation Boosts Mood in Older Adults

A University of Florida-led study has shown that a noninvasive brain stimulation treatment, transcranial direct current stimulation (tDCS), can significantly improve depression and anxiety symptoms among older adults. The study, published in the journal Brain Stimulation, reveals that the benefits of this treatment were most pronounced in patients with higher levels of symptoms before the […]

Jul 09
Inflammation Links Heart Disease and Depression

Introduction Recent research from Vanderbilt University Medical Center and Massachusetts General Hospital has uncovered a potential genetic link between coronary artery disease (CAD), major depression, and an increased risk of cardiomyopathy, a degenerative heart muscle disease. The findings, published in April in the Nature Mental Health journal, suggest that inflammation may be a common pathway […]

Jul 09
Prairie Voles Show Human-Like Depression Signs

Introduction Researchers at The University of Texas at El Paso (UTEP) are making significant strides in uncovering the biological underpinnings of depression, a major global health concern affecting approximately 280 million people. In a study published in April in the Journal of Affective Disorders, UTEP psychologist Sergio Iñiguez, Ph.D., and his team propose using prairie […]

Jul 09
Loneliness Triggers Unhealthy Eating

Introduction A recent study by UCLA Health has uncovered a significant relationship between perceived loneliness and brain activity related to cravings and motivation towards eating, particularly high-calorie foods such as sugary items. Conducted by Arpana Gupta, PhD, co-director of the UCLA Goodman-Luskin Microbiome Center, the study delves into the intricate connections between social isolation, eating […]