The National Identity Management Commission (NIMC) has issued National Identification Numbers (NIN) to more than 100 million Nigerians, according to the Federal Government. The Ministry of Communications and Digital Economy has revealed the commissioning of 4366 Digital Economy Projects. During … Continue reading Over 100 million Nigerians issued NIN as FG unveils 4366 digital economy projects
In a devastating turn of events, Samuel Adekoya, a student of the Federal Polytechnic in Ilaro, Ogun State, has reportedly taken his own life. According to reports, Adekoya consumed a chemical substance after losing both his own fees and those … Continue reading Ilaro polytechnic student allegedly commits suicide after losing fees to online betting
The Debt Management Office (DMO) has denied the claim made by the non-governmental organization Socio-Economic Rights and Accountability (SERAP) that Nigeria has defaulted on its Chinese loans. SERAP had applauded a court judgment that ordered the current administration, led by … Continue reading Debt management office refutes claims of Nigerian loan default as NGO aeeks accountability for Chinese loans
The Dangote Refinery, the world’s largest single-train refinery, is set to commence operations today, processing crude oil grades from Africa, Asia, and America. The refinery, with a capacity of 650,000 barrels per day, is expected to produce a surplus of … Continue reading Dangote refinery: Africa’s largest oil processing facility commences operations, revolutionizing Nigeria’s fuel supply
Labour Party (LP) has announced its intention to summon 50 witnesses to testify at the presidential election petition tribunal. Peter Obi, the LP candidate, had filed a lawsuit challenging Bola Tinubu’s victory in the presidential election. During the tribunal session … Continue reading LP to present 50 witnesses in presidential election petition tribunal
Minister of Interior, Rauf Aregbesola, has revealed that the Federal Government is making preparations to launch a home delivery service for passports. Aregbesola emphasized that the government aims to ensure that individuals who desire to obtain a passport can do … Continue reading Federal government plans home delivery service for passports – Aregbesola
According to a macroeconomic snapshot released by KPMG, urgent actions need to be explored to significantly raise revenue in Nigeria to prevent the risk of sliding into critical debt servicing problems. The professional services firm expressed concerns regarding the recent … Continue reading Nigeria’s urgent need for revenue boost to avert debt servicing crisis, warns KPMG
A sharp decline in foreign appetite for the Nigerian capital market has been attributed to various factors such as market uncertainty, political risk, and foreign exchange illiquidity. Over the past eight years, total foreign transactions executed on the equities market … Continue reading Nigerian capital market faces unprecedented decline in foreign investor appetite amidst market uncertainty and forex challenges
Rema’s hit single ‘Calm Down’ has propelled him to international superstar status, with the song continuing to dominate charts worldwide and earn accolades. According to the latest Billboard Hot 100, ‘Calm Down’ has spent 35 weeks on the chart, matching … Continue reading Rema’s “Calm Down” set to break record for longest charting African song on billboard hot 100
The Akure Airport in Nigeria is set to become an aerotropolis in a first-of-its-kind project in sub-Saharan Africa. The Federal Airport Authority of Nigeria (FAAN) has partnered with Ala Resort Limited to inaugurate the project, with a Memorandum of Understanding … Continue reading Akure airport to be developed as first aerotropolis in sub saharan Africa
Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC), spoke at a panel session at the Offshore Technology Conference (OTC) in Houston, Texas, and emphasized the need for African countries to adopt a strategic … Continue reading Kyari emphasizes need for collaboration among African countries to tackle energy transition challenges
The African Development Bank (AfDB) has urged Nigeria and other African nations to make use of their comparative advantages to gather resources required to finance the continent’s sustainable development goals (SDGs). AfDB made this call in a statement on Tuesday, … Continue reading AfDB urges Nigeria and other African nations to explore natural resources for financing SDGs
A report by French media outlet Entreprendre suggests that Aliko Dangote, the CEO of Dangote Group, Africa’s largest industrial conglomerate, is close to acquiring a 60% stake in French Ligue 2 club, Valenciennes. Dangote, who had previously expressed interest in … Continue reading Africa’s richest man, Dangote, nearing purchase of French club
Nigeria has emerged as the top country for venture capital investments in Africa in 2022, according to a report by the Africa Private Equity and Venture Capital Association (AVCA). The report, titled “2022 AVCA Venture Capital in Africa Report,” revealed … Continue reading Nigeria tops list of African countries for venture capital investments in 2022
IMF warns of financing shortage and public debt in Sub-Saharan Africa, while urging policymakers to maintain prudent monetary policy tightening; Senegal faces worrying inflation due to soaring food prices, and Libyan date producers struggle with poor marketing. IMF report also … Continue reading IMF forecasts economic slowdown and warns of financing shortage in Sub-Saharan Africa
Fidelity Bank Plc, a leading financial institution in Nigeria, has announced the successful completion of a private placement of 3.03 billion units of its shares. The bank made this disclosure in a corporate notice filed on the Nigerian Exchange Limited … Continue reading Fidelity Bank successfully completes private placement of 3 billion shares
Three opposition parties in Congo-Brazzaville have formed an alliance ahead of the upcoming elections, as veteran leader Denis Sassou Nguesso eyes a potential candidacy. The “Alliance for Democratic Change in 2026,” announced on Thursday, includes grassroots-supported parties without legislative seats, … Continue reading Opposition parties in Congo-Brazzaville unite in alliance for upcoming elections
The United Nations Children’s Fund (UNICEF) has revealed that over 6,800 children in Nigeria’s North-East have suffered grave violations of their rights, including abduction, recruitment by armed groups, killing, and maiming, with devastating consequences on their lives and education. UNICEF … Continue reading UNICEF reports 6,800 children facing violations in North-East Nigeria
Residents of Denro Community in the Ifo Local Government Area of Ogun State are facing challenges accessing their homes and neighboring communities due to a recent flood that destroyed the bridge connecting them. The bridge, which had been showing signs … Continue reading Residents left stranded as flood destroys bridge
Nigeria is grappling with a persistent outbreak of Lassa fever, as the number of suspected cases has risen compared to last year. As of April 2, 2023, the Nigeria Centre for Disease Control (NCDC) has reported 4,338 suspected cases. In … Continue reading NCDC: Nigeria reports over 4,000 suspected cases of Lassa fever in 2023
The President of the Nigerian Medical Association (NMA), Dr. Uche Rowland Ojinmah, has raised concerns about the brain drain in Nigeria’s health sector and the exodus of qualified doctors seeking opportunities abroad. While a bill proposing a mandatory five-year work … Continue reading Brain Drain: NMA President reveals many qualified doctors still unemployed in Nigeria
Sudan’s military has issued a warning of potential clashes with the country’s powerful paramilitary force, the Rapid Support Forces (RSF), due to their deployment of troops in the capital and other cities without approval or coordination with the Armed Forces’ … Continue reading Sudan’s military cautions against escalation as paramilitary force deploys, citing concerns over tensions
More than two million vulnerable Nigerians have been positively impacted by projects implemented under the Federal Government’s National Poverty Reduction with Growth Strategy (NPRGS) for the year 2022, according to a recent report. The report was presented by the Minister … Continue reading FG claims its poverty alleviation programme in 2022 impacts two million Nigerians
Olalekan Jacob Ponle, popularly known as Mr Woodberry, has recently pleaded guilty to wire fraud in the United States District Court. Ponle, who is a known associate of the imprisoned internet fraudster Ramon Abbas, also known as Hushpuppi, has agreed … Continue reading Hushpuppi’s associate, Mr Woodberry, pleads guilty to wire fraud, forfeits $8 million and assets
A Kenyan court is currently hearing a bid by Meta, Facebook’s parent company, to halt a lawsuit filed against it by former content moderators who worked at Facebook’s moderation center in the country. The moderators have accused Meta of unlawful … Continue reading Kenya court hears case against Meta over dismissal of former employees
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