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Abuja, July 26, 2024 -The Nigeria Communication Satellite (NIGCOMSAT) Limited generated double of its full-year 2023 revenue in the first half of 2024.  Dr Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, disclosed this on Twitter on Thursday. He said the Nigerian satellite, which had not been put to good use for years, is now actively generating revenue.   NIGCOMSAT has not been generation reasonable revenue in the past years in spite of huge financial allocations from government. The minister said: “Nigeria is the only country in West Africa with …

Washington, July 26, 2024 – Vice President Kamala Harris said on Thursday that she’s “ready to debate Donald Trump”, agreeing to the Sept. 10 date previously set to be hosted by ABC News. “[Trump] agreed to that previously. Now here he is backpedaling, and I’m ready and I think the voters deserve to see the split screen that exists in this race on a debate stage. And so I’m ready to go,” Harris told reporters after Air Force Two landed at Joint Base Andrews. Her statement comes after Trump committed to …

Abuja, July 25, 2024 – Nigerian-born Canadian Minister of Immigration and Multiculturalism, Dr Akolisa Ufodike, says Nigerians, especially youths intending to migrate, should choose from the numerous opportunities available for them to migrate regularly and succeed. The minister said this when he visited Hon. Abike Dabiri-Erewa, Chairman/CEO Nigerians in Diaspora Commission (NiDCOM) in Abuja.  The visit was to explore strategic collaboration and partnerships on issues of multiculturalism and immigration, leveraging each other’s strengths to promote the interests of Nigerians in the diaspora, and work closely to promote regular migration. The …

Abuja, July 24, 2024 – The delivery of 17 locomotive driven containers to the Nigeria Railway Corporation (NRC) facilitated by the President Bola Ahmed Tinubu’s administration will considerably reverse the trend of food inflation in the country because of its potential to reduce the cost of movement of food items from producers to consumers across the country.  The Democratic Front, in a statement signed by its Chairman Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, observed that the delivery of the containers was not only another huge response to ease …

Abuja, July 24, 2024 – The Federal Government has paid over N438 billion to 34 states and the Federal Capital Territory (FCT) under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) Programme.   Malam Suleiman Odapu, the Information and Communication Officer of the Federal CARES Support Unit (FCSU), disclosed this in a press statement. According to the statement, the disbursements were determined by the results achieved by the states and FCT during the third Independent Verification Agency (IVA) assessment conducted in January 2024.  The assessment showed that Zamfara, Nasarawa, …

Abuja, July 19, 2024 – The Debt Management Office (DMO) is offering three Federal Government of Nigeria (FGN) bonds valued at N300 billion for subscription at N1, 000 per unit.  According to the DMO, the first offer is an April 2029 FGN bond valued at N100 billion, at interest an rate of 19.30 per cent per annum (five-year re-opening) he second offer is a February 2031 FGN valued at N100 billion, at an interest rate of 18.50 per cent per annum (seven-year re-opening). There is also the May 2033 FGN …

Lagos, July 18, 2024 – The Nigerian Railway Corporation (NRC) has taken delivery of 17 locomotive wagons for its cargo operations. Fidet Okhiria, the NRC Managing Director, said this while awaiting the arrival of the wagons at the Ebute Metta Railway Station in Lagos. He described the feat as part of efforts to realise the federal government’s objective of promoting the ease of doing business. Okhiria said the wagons would facilitate effective operation of the freight services launched by the Federal Ministry of Transportation in June this year. He said …

Abuja, July 18, 2024 -President Tinubu has approved N70,000 minimum wage for Nigerian workers. He also promised to review the national minimum wage law every three years. Tinubu made the decision during a meeting with the labour leaders in Abuja on Thursday.. Bayo Onanuga, the Special Adviser to the President on Information and Strategy, announced this on Thursday in a statement. He wrote: “President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage. “President Tinubu announced the decisions at the …