Latest Articles
Food Security: Tinubu calls for sustainable investment in agriculture
New York, Sept. 13, 2023 – President Bola Tinubu has stressed the importance of creating a sustainable environment for investment opportunities in Agriculture to achieve food security in the continent. Tinubu said this at the High-Level Meeting on “Attracting investments in Land Restoration, Food Systems, and Rural Transformation in Africa”. It was organised by the African Union Development Agency-New Partnership for Africa’s Development Nigeria on the sidelines of the 78th session of the UN General Assembly in New York. The UN correspondent of the News Agency of Nigeria reports that …
South Africa: Nigerians raise alarm over fresh attacks
By Peter EjioforLondon, Sept. 23, 2023 – Nigerians in South Africa have raised the alarm over fresh terror attacks being unleashed on them by a criminal vigilance group in Sasolburg, Freestate Province. Nigerians, under the aegis of Nigeria Union South Africa (NUSA), made the allegation in a statement by its National Publicity Secretary, Mr Habib Miller, They claimed that the attacks were not only perpetrated on the streets, but also at the victims’ homes where the group would rob, denude and assault them. The union also accused the police in …
Cardoso assumes office as Acting CBN Governor
Abuja, Sept. 22, 2023 – Olayemi Cardoso, the recently nominated Governor of the Central Bank (CBN), has assumed office on Friday. A statement by the CBN on Friday, said Cardoso assumed duty as the acting CBN governor pending his confirmation by the Senate. The statement also said the deputy governors-designate also assumed office following the resignation of the previous deputies. “Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank …
FG, NGX to drive startup listings with Tech Board
Lagos, Sept. 22, 2023 – The Ministry of Communications, Innovation and Digital Economy is to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board. Bosun Tijani, its minister, said this during a tech event themed, Invest in Africa’s Future- Let’s talk about exits, a joint initiative by the ministry, NGX, and Future Africa in New York, supported by Stanbic IBTC, CardinalStone Partners and Chapel Hill Denham on Sept.21. Tijani said Nigeria had been grappling with its over dependence on oil in the last …
FG approves 25% salary increase for lecturers in tertiary institutions
Abuja, Sept. 22, 2023 – The Federal Government has approved 25 percent increase in salaries of lecturers in federal tertiary institutions. The government had earlier announced a 35 percent salary increase for professors. A circular No: OAuGF/ SW/C/QP/1395/VOL.1/11, dated September 21, 2023, issued by the office of the Auditor General of the Federation to Polytechnics and Colleges of Education, the Auditor General said the implementation was approved by the Presidential Committee on Salaries at its 13th meeting. A letter, accompanying the circular and addressed to the Minister of Education, Tahir …
Army burst gun factory, arrest suspected gun runner
Lagos, Sept. 22, 2023 – The Nigerian Army said it bursted a gun manufacturing factory in Kaduna and arrested a suspected gunrunner during a sting operation. A statement by the Nigerian Army on Friday issued through X (formerly Twitter), said the operation was due to intelligence reports from the area. It said the discovery of the illegal gun manufacturing factory was successful after a week-long intelligence operation which led to the arrest of the suspect and recovery of 22 different weapons. “In line with the Commander Operation SAFE HAVEN and …
Kebbi State suspends mining activities
Birnin-Kebbi, Sept. 22, 2023 – Kebbi State Government has suspended mining activities in the state due to heightened insecurity reports across the state. Alhaji Yakubu Bala-Tafida, told journalists in Birnin-Kebbi on Friday that there were increasing security concerns from the mining sites, He said the decision was also due to lack of verified evidence of positive economic impact of mining activities in the state. “Also, there is a total absence of accruable revenue in the names of ecological tax and development levy for state and local governments, respectively. “A significant …
Oil prices rise on Russian export ban
Singapore, Sept 22, 2023 – Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further U.S. interest rate hikes could dent demand, but they were still headed for their first weekly loss in four weeks. Brent futures climbed 46 cents or 0.5% to $93.76 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude (WTI) futures gained 65 cents, or 0.7%, to $90.28 a barrel. Both benchmarks were on track for a small weekly drop after gaining …
IMF approves $302m credit facility for Burkina Faso
Lagos, Sept. 22, 2023 – The IMF has approved $302 million support to Burkina Faso under a 48-month arrangement under the Extended Credit Facility (ECF) with an immediate disbursement of $31.8 million. The IMF said in a statement that the approval was granted by its board under a 48-month Extended Credit Facility (EFC). It said the support was to assist Burkina Faso as it faces protracted balance of payments problems. The IMF said the balance of payment problems, which had reflected in large development needs, were due to the impact …
Tinubu departs New York after UNGA
New York, Sept. 22, 2023 – President Bola Tinubu has departed New York after attending the 78th session of high-level meetings of the UN General Assembly. The UN correspondent of the News Agency of Nigeria reports that President Tinubu, while in New York, participated in some of the high-level events, including a bilateral meeting. Tinubu who arrived in New York on Sunday, was among the leaders who adopted the political declaration to accelerate the 17 goals on Monday at the SDG summit. Ahead of the opening of the session, Tinubu …