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Nigerian Child’s Future Brighter With Education Loans- Tinubu President Bola Tinubu says the future of the Nigerian child will be brighter as the path to take them out of poverty has been cleared with the Students’ Loans Re-enactment Bill. The President said this when he hosted members of the APC Presidential Campaign Council (PCC) and […]

Expert Wants FG to Reduce Import Duties on Raw Materials An Expert in Power, Mr Kunle  Olubiyo,  has appealed to the Federal Government to reduce customs import duties and other critical statutory charges at the port of entry and land border. Olubiyo, who is also the President, of Nigeria Consumer Protection Network said this on […]

US Dollar Weakens Against Major Currencies Ahead of Data Release The US dollar declined against its major trading partners early Thursday, except for a small uptick versus the yen, ahead of the release of weekly jobless claims and international trade data for February. The market is expecting weekly natural gas stocks and an update to […]

BUA Group Kicks Off N250m Projects For Al-Qalam University, Katsina Abdul Samad Rabiu (ASR) Africa, an affiliate of BUA Group of Companies, turned the sod of a N250 million Administrative Block and Conference Room at Al-Qalam University, Katsina, on Thursday. In 2022, ASR Africa announced the launch of its 2023 Tertiary Education Grant Scheme to […]

Recapitalization to Shake Up Banking Sector – S&P S&P Global Ratings said that the increase of banks’ minimum paid up capital to N 500 billion or  approximately $380 million from N25 billion will likely shake up the banking sector landscape and support banks’ credit loss absorption capacity. Recently, the Central Bank of Nigeria (CBN) announced […]

Nigeria to Issue US Dollar Bonds in Q2 – Edun The Federal Government of Nigeria (FGN) has revealed plans to start issuing domestic foreign currency-denominated bonds from the second quarter of this year, an official statement reads. The information was made available to Reuters by the Minister of Finance and Coordinating Minister for the Economy, […]

Naira Still Largely Undervalued – Renaissance Capital Nigerian naira remains largely undervalued, Renaissance Capital said in its latest report. Renaissance Capital Africa says at the March 28 level of N1,303/$, the Nigerian naira is still largely undervalued to its long-term average, to the tune of 30 percent. In its “Thoughts from Renaissance Capital Africa” report […]

Mineral Extraction Threatens Great Apes Across Africa More than a third of the great ape population in Africa is endangered by mining, according to a new study. The threat to these 180,000 chimpanzees, bonobos and gorillas has so far been underestimated, wrote scientists from the German Centre for Integrative Biodiversity Research (iDiv) in the journal […]

The United States government under President Joe Biden has asked the Israeli government to immediately cease fire in the ongoing war against Hamas militants in Gaza. This was stated in a press release issued by the White House on Thursday, declaring its strongest public rebuke toward Israel since the start of the Gaza war. The […]

Rivers State Governor, Sir Siminalayi Fubara, has vowed to keep making the camp of his estranged benefactor, Nyesom Wike, restless. There has been crisis in Rivers since Fubara fell out with his predecessor who is now Minister of the Federal Capital Territory (FCT). Speaking at the ground breaking of automobile spare parts market in Port […]

The Kano government has filed an eight-count charge against Abdullahi Ganduje, former governor of the state, for allegedly collecting $200,000 from a contractor. In a charge sheet filed before the Kano high court, the state government said the offence contravened Kano State Public Complaints and Anti-Commission Commission Law 2008. The defendants in the case are […]

The United Kingdom government has increased the general salary threshold for those arriving in the UK on a Skilled Worker visa from £26,200 to £38,700. According to the Home Secretary, James Cleverly said the minimum wage increased by 48 per cent to cut migration and put British workers first in force. Changes that are now […]