nigeria
32 Nigerian States Record Zero Foreign Investments in 2024 – What’s Happening?
32 Nigerian states attract no foreign investments in 2024, with capital inflows concentrated in Lagos and the FCT. Experts call for urgent reforms to address systemic barriers.
In a stark reflection of Nigeria’s uneven economic landscape, 32 out of 36 … Continue Reading
Nigerians Transact N2tn Through USSD Codes in Just Six Months – New Report Reveals
USSD Transactions in Nigeria Surge in First Half of 2024 Amid Ongoing Debt Challenges
According to the Central Bank of Nigeria‘s recent electronic payment statistics, Unstructured Supplementary Service Data (USSD) codes facilitated an impressive 252.06 million transactions worth N2.19 … Continue Reading
France Emerges as Nigeria’s Leading Export Destination with N3.9Trillion
France leads Nigeria’s export destinations in 2024, recording over N3.9 trillion in trade. President Tinubu’s visit to France underscores opportunities for deepened economic partnerships.
Nigeria’s trade dynamics witnessed a remarkable shift in the first half of 2024, with France becoming … Continue Reading
Naira Rises To N1,695 per dollar in The Parallel Market
Naira Strengthens Against the Dollar in Parallel Market
The Naira recorded gains in the parallel market yesterday, appreciating to N1,695 per dollar, up from N1,725 per dollar on Tuesday. This positive movement reflects a broader trend, with the Naira remaining … Continue Reading
Access Bank Acquires Standard Chartered Units in Angola, Sierra Leone
Access Holdings PLC has announced a major milestone in its quest for continental dominance, successfully completing the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. The announcement was made on November 27, 2024.
This … Continue Reading
TETFund Suspends Foreign Scholarships for Nigerian Lecturers
The Tertiary Education Trust Fund (TETFund) has announced the suspension of its foreign scholarship program for lecturers, effective January 1, 2025.
This pivotal decision, detailed in a circular dated November 25, 2024, was signed by TETFund’s Executive Secretary, … Continue Reading
FG Ends Foreign Training to Strengthen Local Education Systems
The Nigerian Government has announced a suspension of foreign training programs for scholars, redirecting resources to strengthen local educational initiatives.
The Minister of Education, Olatunji Alausa, revealed this policy shift at a three-day British Council conference in Abuja themed “Building … Continue Reading
Anti-Graft Agency Uncovers Facility Re-bagging 28 Trucks of FG Rice Palliatives
Kano Anti-Graft Agency Uncovers Massive Re-bagging Scheme Involving 28 Trucks of Federal Government Rice Palliatives Allegedly Diverted for Illegal Market Sale
The Kano State Anti-Corruption Commission has exposed a warehouse in Hotoro Western Bypass, where federal government rice palliatives meant … Continue Reading
Gunmen Abduct Three in Attack on Innoson Motors Showroom in Anambra
Insecurity deepens in Anambra State as gunmen storm Innoson Motors showroom, abducting three individuals, while a series of violent attacks on vigilante groups leave operatives injured and communities on edge
Three individuals were abducted on Tuesday evening as gunmen stormed … Continue Reading
FG dares TikTok Terrorists to Share Locations for Direct Combat
Government Responds to Rising Terrorist Activity on Social Media
The Federal Government has recognized the increasing involvement of terrorist groups in social media, prompting a firm challenge to these organizations to confront security forces directly. Terrorists have notably utilized platforms … Continue Reading