The Biden administration has disclosed plans to infuse over $5 billion into semiconductor research and development (R&D), within the United States. This substantial investment aims to fortify the nation’s semiconductor industry and tackle supply chain hurdles. Initiatives like the National Semiconductor Technology Center will receive support, fostering innovation and enhancing domestic production capacities.
Author: Omolemi Eboisetale
According to the Governor of Apex bank, Olayemi Cardoso, the Central Bank of Nigeria’s (CBN), efforts are beginning to show results in easing economic hardship. The Senate convened the economic team, including the CBN governor, Minister of Finance Wale Edun, Minister of Budget and Economic Planning Atiku Bagudu, and Minister of Agriculture Abubakar Kyari, in order to address the pressing concerns such as the free fall of the Naira and soaring food prices. During his appearance before the Senate Committee on Finance, Banking, Insurance, and Financial Institutions, Cardoso said, “Distinguished Senators, these measures, aimed at ensuring a more market-oriented mechanism…
President Tinubu has approved the immediate release of 102,000 metric tonnes of rice and maize from the National Food Reserves in response to the growing demonstrations and worries about the skyrocketing cost of food throughout Nigeria. The purpose of this action is to increase the supply of basic food goods and lessen the financial burden that residents are bearing from inflation rates that are getting close to 30%. Information Minister Malam Mohammed Idris made the statement and outlined the government’s proactive steps to deal with the urgent problem. Along with removing food from storage facilities, these steps also entail interacting…
The Lagos State Government On Thursday, shut down Mushin’s main market and demolished shanties in the state’s Apongbon area in an effort to promote environmental sustainability and foster a conducive business environment. The operation, conducted by the Monitoring, Enforcement, and Compliance and Environmental Assessment Departments of the State Ministry of the Environment and Water Resources in collaboration with the Lagos Environmental Sanitation Corps (LAGESC), aligns with the THEMES Plus agenda of Governor Babajide Sanwo-Olu’s administration. Commissioner for Environment and Water Resources, Mr. Tokunbo Wahab, emphasized that the coordinated effort with the Kick Against Indiscipline (KAI) initiative is part of a…
Amidst the celebratory atmosphere of China’s Spring Festival, a stark reality looms large over the nation – an economic crisis of unprecedented proportions. Analysts warn that the West may not fully comprehend the magnitude of the disaster facing China, as President Xi Jinping’s policies falter under the weight of demographic shifts and political ambitions. Decades of the coercive One Child Policy and the devastating impact of Covid-19 have taken a toll on the festive spirit, with demographic imbalances casting a shadow over traditional celebrations. This year, as snow disrupts travel plans, it serves as a metaphor for the wintry grip…
Unidentified officials presumably from the Umuahia Capital Development Authority (UCDA) have locked the Peoples Democratic Party (PDP) Abia State Secretariat, which is located at 45 Finbers Road, Umuahia. The sealing occurred on Wednesday, leaving party members and the public puzzled about the reasons behind such action. The sealed Secretariat, which serves as a hub for PDP activities in the state, received no prior explanation for the closure. However, a notice posted on the building instructed occupants to visit the UCDA’s office located at 51 Ogurube layout, Umuahia, for further information regarding the situation. In the middle of all of this,…
The Nigerian Electricity Regulatory Commission (NERC) revealed significant progress in electricity metering across the nation. According to the report released through its official channels, a total of 43,631 electricity consumers were provided with meters by distribution companies in December 2023. This development brings the total number of metered electricity customers to 5,842,726, marking a notable advancement in the nation’s efforts to address metering challenges. The report highlighted that the metering rate during the period stood at 44.39%, signifying steady improvement in meter deployment across the electricity distribution network. Notably, Ikeja Distribution Company (DisCo) emerged as the leader in metering rate,…
Tragically, the hunt for the five U.S. Marines who vanished when their helicopter crashed in bad weather have come to an end. Officials confirmed on Thursday that the Marines, who were aboard a CH-53E Super Stallion helicopter, have been found dead. The incident occurred during a routine flight between Nevada and California on Tuesday night. The helicopter, en route from Creech Air Force Base near Las Vegas to Marine Corps Air Station Miramar in San Diego, went down in a mountainous area near Pine Valley, California. Despite search teams locating the crashed chopper early Wednesday morning, adverse weather conditions, including…
The Supreme Court voiced doubt on Thursday about Colorado’s ability to exclude former President Donald Trump from the Republican primary ballot due to allegations of his involvement in the insurrection on January 6, 2021. During a two-hour argument session, a majority of justices questioned whether states possess the jurisdiction to decide a candidate’s eligibility under the 14th Amendment’s provision barring individuals who “engaged in insurrection” from holding office. The justices highlighted concerns about the inconsistency that could arise if states independently determined a candidate’s eligibility and suggested that Congress should play a primary role in enforcing the amendment. Chief Justice…
The Nursing and Midwifery Council of Nigeria (NMCN) has implemented revised guidelines for applicants seeking verification of certificates for foreign nursing boards/councils. The new guidelines, unveiled on Wednesday, come with stricter requirements aimed at maintaining high standards within the nursing profession. Notably, eligible applicants must now possess a minimum of two years of post-qualification experience from the date of issuance of their permanent practicing license. Furthermore, the Council mandates that applicants must hold an active practicing license with a minimum validity period of six months before expiration. Applications accompanied by provisional licenses will be rejected outrightly under the new regulations.…
The Nigerian Maritime Administration and Safety Agency (NIMASA) Service Charter and Grievance Redress Mechanism was formally revealed by Minister of Marine and Blue Economy, Adegboyega Oyetola. Launched under the theme “Service Redefined,” this major initiative attracted a lot of attention from important stakeholders who gathered to watch the launch, which was a notable step in the direction of encouraging accountability and transparency in the nation’s maritime sector. Addressing attendees at the event, Minister Oyetola emphasized the strategic significance of the service charter in completing the ministry’s overarching goals and satisfying the various needs of stakeholders and the general public. He…
The Federal Capital Territory (FCT) Minister, Mr. Nyesom Wike, has been called before the House of Representatives to discuss the steps being taken to maintain peace in the FCT in an effort to guarantee the welfare of the populace. The heads of the security agencies and the National Security Adviser, Malam Nuhu Ribadu, were also called by the House to the plenary, which was chaired by Speaker Tajudeen Abass, to get an emergency security briefing and discuss a plan to reduce insecurity in Abuja. The decision came after Hon. Dominic Okafor’s motion, made in plenary on Wednesday, under topics of…