Federal Government Awards Contracts for Renewed Hope Cities and Estates Nationwide
The Minister of Housing and Urban Development, Arc Ahmed Musa Dangiwa, has announced that the Federal Government has awarded contracts for the construction of Renewed Hope Cities and Estates in 12 states across Nigeria, as part of efforts to address the country’s housing deficit. Dangiwa made this disclosure during a meeting with members of the…
Aliko Dangote Highlights Impact of Naira Devaluation on Dangote Industries Limited
At the yearly general assembly of Dangote Sugar Refinery Plc, Aliko Dangote, the chairman of Dangote Industries Limited, shed light on the significant challenges faced by the company in 2023, particularly due to the devaluation of the Nigerian naira. Addressing attendees on Tuesday, Dangote emphasized the adverse effects of the naira devaluation, which saw the…
NDIC Increases Deposit Insurance Protection for Banks
In a move aimed at bolstering financial security and providing greater protection for depositors, the Nigeria Deposit Insurance Corporation (NDIC) has announced significant enhancements to the maximum deposit insurance coverage for Deposit Money Banks (DMBs), Microfinance Banks (MFBs), and Primary Mortgage Banks (PMBs). During a press briefing in Abuja on Thursday, Mr. Bello Hassan, the…
Senate Affirms Minimum Age Requirement for University Admission Amid Controversy
Amidst speculation regarding a potential increase in the minimum age requirement for university admission, the Nigerian Senate has clarified that the current minimum age of 16 years will remain unchanged. The red chamber emphasized that recent statements suggesting a possible adjustment to the age limit were merely individual viewpoints and not reflective of any legislative…
Minister Advocates Ban on Imported Syringes to Boost Local Production
In a bid to bolster domestic production and stimulate economic growth, the Minister of State for Health, Dr. Tunji Alausa, has proposed a complete prohibition on the importation of medical syringes into Nigeria. This proactive measure aims to support local manufacturers and reduce reliance on foreign imports. Dr. Alausa made this suggestion during his official…
Nigeria Unites to Achieve $1 Trillion Economy by 2030 with Aso Accord
In a historic move aimed at propelling Nigeria into a $1 trillion economy by 2030, the Presidency, all 36 states, and the private sector have forged a groundbreaking agreement known as the Aso Accord on Economic and Financial Inclusion. This comprehensive plan seeks to ensure that every citizen in Nigeria has equal access to financial…
Minister of Steel Development Dissolves National Steel Council Board
In a move aimed at repositioning the steel industry in Nigeria, the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has dissolved the former Board of the National Steel Council (NSC), prohibiting it from conducting any activities on behalf of the Council. The dissolution, outlined in a letter addressed to the Executive Secretary of…
Former Binance CEO Changpeng Zhao Sentenced to Four Months in Prison
Former CEO of Binance, Changpeng Zhao, commonly known as CZ, has been handed a four-month prison sentence by a federal judge for violating U.S. money laundering laws. The ruling was delivered during a hearing held on April 30 at the U.S. District Court for the Western District of Washington, presided over by Judge Richard Jones….
Federal Government Approves Salary Increase for Civil Servants
The Federal Government of Nigeria has granted approval for a significant increase in the salaries of civil servants across the nation. The raise, ranging between 25% and 35%, applies to employees operating under six consolidated salary structures. These structures include the Consolidated Public Service Salary Structure (CONPSS), Consolidated Research and Allied Institutions Salary Structure (CONRAISS),…
Ogun State Dominates 2024 UTME Results
In a remarkable achievement, Ogun State has emerged as the leading state in the 2024 Unified Tertiary Matriculation Examination (UTME), with eight students securing positions among the top 12 candidates nationwide. Umeh Nkechinyere, representing Ogun State, clinched the top spot with an outstanding score of 360, followed closely by Ositade Anthony, also from Ogun State,…