GISTSMATE 01

BREAKING: FG Declares End Of Fuel, FX Subsidies

The federal government has officially ended fuel and foreign exchange subsidies, Minister of Finance and Coordinating Minister of the Economy Wale Edun revealed on Thursday. The minister made the announcement during the presentation of the Nigeria Development Update by the World Bank in Abuja. The subsidies, the government said drained the country’s economy to the…

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BREAKING: JAMB Makes U-turn, To Allow 16-Year-Old Students For 2024/2025 Admissions

The Joint Admissions and Matriculation Board (JAMB) has announced that tertiary institutions in Nigeria can admit students who will turn 16 years old by August 31, 2025, for the 2024/2025 academic session. This flexibility, as outlined in a circular issued on Thursday, permits institutions to enrol qualified candidates who meet all other admission criteria, regardless…

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Why Transacting Above N500,000 Can Send You To Jail – Police To POS Operators

The Delta State Police Command has issued a stern warning to Point of Sale (PoS) operators, cautioning them against facilitating large transactions, particularly amounts exceeding N500,000. According to the Command public relations officer, SP Bright Edafe, such transactions could potentially involve criminal activities, leading to legal consequences. This warning was highlighted in a developing case…

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BREAKING: Nigeria’s Aviation Rating Climbs To 75.5%, Removed From Global Watchlist 

Nigeria’s aviation sector’s rating has improved to 75.5%, with the country officially removed from the global aviation watchlist. This was revealed by Festus Keyamo, Nigeria’s Minister of Aviation and Aerospace Development, during the commissioning of the Juhi-2 Aviation Fuel Depot at Murtala Muhammed International Airport (MMIA), Lagos, on Thursday. The minister lauded the recent progress,…

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FRSC Gives Details As Tanker Explosion Rocks Ogun

Barely 48 hours after a tanker explosion rocked Jigawa state and killed over 90 people, another incident has been reported along Lagos-Ibadan Expressway. Confirming the incident, the Federal Road Safety Corps said no life was lost in the tanker explosion that hit the Ibafo axis of the Lagos -Ibadan Expressway on Wednesday. According to the…

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Dangote’s Net Worth Hits $28 Billion As Refinery Project Sails

Aliko Dangote, Africa’s richest man, has seen his wealth more than double to $28 billion following the long-awaited opening of his Nigerian oil refinery, according to the Bloomberg Billionaires Index. The refinery is the world’s largest single-train facility, capable of processing a broad range of global crude types. It represents a monumental investment for Dangote,…

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