The Permanent Secretary, Ministry of Foreign Affairs, Amb. Adamu Ibrahim Lamuwa said Nigeria has fulfilled its financial obligations to the African Union (AU), by making full payment of its assessed contributions for the year 2023. He confirm this on Saturday,reteirating the information in a statement issued by the State House Director of Information Abiodun Oladunjoye, explained that the payment demonstrated Nigeria’s commitment to its responsibilities as an AU member-state. He commended the president for keeping up the standard, only as the chairperson of ECOWAS but also as a President who emphasises prompt payment of assessments. During the Executive Council meeting,…
Author: Editor Francis
Gani Adams, the Aare Ona Kakanfo of Yorubaland, has cautioned Simon Ekpa, a factional leader of the Indigenous People of Biafra (IPOB), against organising a sit-at-home protest in Lagos State. This protest, currently enforced in the South East to demand the release of IPOB leader Nnamdi Kanu from detention, has raised concerns in other regions. Adams has urged Ekpa to reconsider his plans and refrain from implementing the protest in Lagos. Aare Onakakanfo Adams has issued a strong warning to IPOB, advising them against considering any actions or attempts to enforce their agenda on Lagos or any other part of…
The provisional data obtained from the Central Bank of Nigeria shows that the Federal Government borrowing peaked at N1.83 trn through ways and means Advances in the first quarter of 2023. This pushed its borrowing from the CBN to N25.36tn in March 2023 from N23.53tn in December 2022. Central Bank Utilises Ways and Means Advances to Support Government in Times of Temporary Budget Shortfalls, Adhering to Legal Restrictions. The figure was according to the provisional data from the apex bank through its quarterly statistical bulletin. According to Section 38 of the Central Bank of Nigeria (CBN) Act of 2007, the…
It provides entry to the most elite buying and selling options to its users with supreme level safety. It offers users entry to probably the most elite buying and selling features with supreme-level safety. This platform offers crypto-related services and products in cryptocurrencies such as- margin buying and selling, futures and lending choices, staking and systematic funding plans. Centralised cryptocurrency exchanges, in any other case known as a broker, act as a third-party between a purchaser and a vendor. Since they are controlled by a company, most of these exchanges are typically extra dependable. Whereas decentralised cryptocurrency exchanges, otherwise often…
The House of Representatives Deputy speaker, Benjamin Kalu said the sit-at-home order in the south East led to the loss of about N4 trillion in the last two years. The sit-at-home order which is usually observed on every Monday is compelled by the Indigenous People of Biafra (IPOB), and it has reduced the economic growth from the region The Deputy speaker made this revelation at a keynote address on Friday at the ““All Markets Conference 2023” with the theme: “Catalysing Partnership with Traders through Innovation, Technology, Analytics & Sustainability” in Lagos, adding the situation had forced potential investors out of…
The incumbent administration has received the support of the International Labour Organisation in its endeavour to create more than two million digital jobs, with the aim of reducing the unemployment rate in the country. During the World Youth Skills Day event in Abuja, Vanessa Phala, the ILO Country Director for Nigeria, Ghana, Liberia, and Sierra Leone, announced the organisation’s commitment. Speaking on the theme, ‘Empowering Youth for a Sustainable Future: Building Skills for Tomorrow’, Phala noted that the digital economy has become an integral part of Nigerians’ daily lives, shaping the industrial sector and creating more opportunities. Emphasizing the youthful…
President Bola Tinubu receives the audience of his royal majesty, Omon’oba uku Akpolopolo Ewuare II, Oba of Benin Kingdom in the State house today Friday, 14 July, 2023. – Watch the video here Detail coming…..
In a momentous ruling on Thursday, the Competition and Consumer Protection Tribunal (CCPT), imposed a hefty fine of N120 million on Stanbic IBTC Bank for breaching electronic funds transfer regulations. The reason behind the bank’s fine was its failure to fulfill a NIBSS Instant Payment transfer request and its improper withholding of the consumer’s funds beyond the prescribed 10-minute reversal regulation for failed NIBSS instant payment electronic funds transfers. Damilola Osungade, the CCPT Communications Officer, revealed in a post-decision statement that Mrs. Sola Salako Ajulo, the Member representing Southwest on the Tribunal, delivered a majority ruling lasting two hours. It…
The International Agency for Research on Cancer (IARC), a specialized agency of the World Health Organization (WHO), has made an announcement stating that aspartame, an artificial sweetener extensively utilized in diet beverages and low-sugar products, may have the potential to contribute to the development of cancer. Cancer stands as one of the primary causes of death worldwide, with a significant impact on global mortality rates. Shockingly, statistics indicate that approximately 1 in 6 individuals succumb to cancer each year. Aspartame, an artificial sweetener, has been extensively employed in a wide range of food and beverage products since the 1980s. Its…
Remember that on June 1, 2023, Nigerians were supposed to see a change in the units of electricity purchase after the power distribution company had announced a price review. The following day, the Discos faced extensive criticism and subsequently reversed their decision, citing the lack of approval from the Nigerian Electricity Regulatory Commission for the tariff increase. This sudden change of direction created a sense of unease among electricity consumers. Many prepaid users hurriedly purchased additional electricity units for their meters, anticipating a potential tariff hike. On Thursday, the Federal Government has announced that 11 power drisbution companies in the…
Yoruba language is not an official language in Nigeria but its reception transcends the origin where the rightful speakers dwells . According to worlddata , the language is widely spoken by about 48 million people. In addition to the wide range of speakers , The Chinese government have published its first Yoruba textbook titled ‘Ede Yoruba’ — as the Asian country begins studies in the Nigerian language. Goke Alamu , a university professor from Ekiti state University said he worked with other three university professors to make project possible ,reiterating it was done after the government approval. He made this…
The Ogun state government has announced its intention to do a comprehensive road repairs across the state. Ade Akinsinya, the special adviser to the governor made the revelation via an issued statement that the ministry of works in the state will execute the project Akinsanya, according to the statement, said this while inspecting the level of damage caused by erosion on some roads across the state. He added that the government was set to embark on palliative measures to make some roads, damaged by the ongoing rainy season motorable. According to the statement, the government is aware of the challenges…