UI Students Protest Fee Extension, Demand Reversal of Increased Fees
Students at the University of Ibadan (UI) are up in arms over the university management’s recent decision to extend the deadline for fee payments by three weeks. The extension, announced on August 29th, comes in response to ongoing student protests against a hike in school fees. Initially, students were required to pay their fees by […]
Lagos Governor Offers Financial Aid to Docemo Fire Victims
On August 30, 2024, Lagos State Governor Babajide Sanwo-Olu made a significant gesture of support for those affected by the recent Docemo Fire Incident. The Governor attended a ceremonial event at Idumagbo Avenue, where he presented cheques to the victims of the devastating fire on Lagos Island. The Docemo Fire Incident, which occurred in the […]
Badagry Monarch Takes Bold Step to Lower Food Prices
In a decisive move to tackle the high cost of food, the Akran of Badagry, Aholu Menu Toyi 1, has taken significant action by dissolving all market committees at Agbalata International Market in Badagry. This decision, announced at a recent palace meeting, is aimed at ending the interference of these committees in pricing foodstuffs. The […]
Insecurity in Nigeria: A Political Tool, According to WTO Director-General Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation (WTO), has recently highlighted a concerning issue in Nigeria. She pointed out that insecurity in the country is being manipulated for political purposes. According to Okonjo-Iweala, the persistent insecurity is not just a challenge but a tool used by some for political gain. She emphasizes that […]
CBN Faces Legal Challenges Over Recent Staff Layoffs
The Central Bank of Nigeria (CBN) is in hot water, facing over 100 lawsuits from employees who were recently laid off. On May 24, 2024, the bank dismissed over 200 staff as part of a reorganization plan put into effect by the current administration under President Bola Tinubu. The affected employees are not taking the […]
Dangote Reveals He Rents House in Abuja and Sells London Property to Focus on Nigeria’s Industrial Growth
Aliko Dangote, Africa’s wealthiest man, has revealed that the house he stays in whenever he visits Abuja, Nigeria’s capital, is a rental property. He clarified that this house is not his personal property. Speaking at a media event held at the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos State, on Sunday, July 14, Dangote explained that […]
The Central Bank of Nigeria sold $122.671 million to 46 authorized dealers to stabilize the foreign exchange market.
The Central Bank of Nigeria (CBN) has executed a sale of $122.671 million to 46 authorized dealers aimed at enhancing stability and reducing volatility in the foreign exchange market. Dr. Omolara Duke, Director of Financial Markets at the CBN, reported that $67.5 million was allocated to 27 dealers, with an additional $55.171 million disbursed to […]
Shoprite to Close Abuja Branch Due to Economic Challenges
Retail Supermarkets Nigeria Limited, which operates Shoprite Mall, has decided to shut down its store in Wuse Zone 5, Abuja, starting June 30, 2024. The announcement was made by the company’s CEO, Dr. Folakemi Fadahunsi. The closure is attributed to the challenging economic environment in Nigeria and the financial difficulties faced by the outlet. According […]
Nigerian Minister accuses Buhari government mismanagement of $100m World Bank loan for women empowerment
The Minister of Women Affairs, Uju Kennedy-Ohanenye, has accused the former Muhammadu Buhari administration of mishandling a $100 million loan from the World Bank intended for empowering women. Kennedy-Ohanenye stated during an interview on Arise Television’s Morning Show that the previous administration had misused the initial $100 million installment of the $500 million World Bank […]
Alternative Policies for Private Sector Could Boost Nigeria’s Economy – NECA
The Nigeria Employers’ Consultative Association (NECA) has called on the Nigerian government to implement alternative policies that could lead to significant economic growth and prosperity in the future. NECA believes that by embracing innovative strategies, the government can foster an environment conducive to sustainable development and private sector growth. Speaking at a press conference on […]