The exchange rate between the naira and the dollar continued its rapid appreciation on the official EFEM market, closing at N1,535/$1 on Friday, December 6, 2024. This marks a significant milestone, as the naira strengthens further following three consecutive days of appreciation since the Central Bank of Nigeria (CBN) introduced the Enhanced Foreign Exchange Market…
South Korea facing the world’s lowest birth rate, is now turning to financial incentives in a bid to reverse its demographic decline. The Saha District in Busan has rolled out a new program that offers residents up to $38,000 for dating and marriage. This initiative is part of a broader effort to combat the nation’s…
The Lagos State Government under Gov. Babajide Sanwo-Olu has cleared N68.5 billion pension arrears for retirees in the state public servant. The Head of Service Lagos State,(HoS) Mr Bode Agoro, disclosed this on Tuesday in Lagos. Agoro spoke at a public sensitisations on Contributory Pension Scheme (CPS) for public servants in the state, organised by…
The Ministry of Women’s Affairs has announced that, as stipulated by law, the court cases of the 52 children being prosecuted for participating in the #EndBadGovernance protest, will be transferred to juvenile court. The ministry said plans to have their cases transferred are underway and will soon be concluded alongside the provision of social and…
Presidential spokesman, Bayo Onanuga, said yesterday that contrary to popular opinion, his principal, President Bola Tinubu, did not acquire a new official jet but a refurbished one. “It’s not President Tinubu’s plane, it belongs to the people of Nigeria, it is our property,” Onanuga said on the Sunday edition of Inside Sources with Laolu Akande,…
Newly appointed Super Eagles manager, Bruno Labbadia, has turned down the job less than two weeks before crucial Africa Cup of Nations qualifying matches against Benin and Rwanda, according to reports from German publication Kicker. The Nigeria Football Federation had announced Labbadia’s appointment on Tuesday, positioning him as the successor to Finidi George, who resigned…
A 22-year-old man named Tasiu Danlami sustained severe burn injuries while attempting to vandalize transformer cables belonging to the Abuja Electricity Distribution Company (AEDC) in the Tafa Local Government Area of Niger State. The incident, which occurred on October 14, 2024, was confirmed by the spokesperson of the Niger State Police Command, SP Wasiu Abiodun….
The Nigerian Air Force (NAF) announced on Wednesday that its Air Component of Operation Hadin Kai successfully neutralized over 20 terrorists and destroyed a gun truck during two separate operations on November 25, 2024, in Kukawa, Borno State. The airstrikes also thwarted an attempted attack on troops in the area. Air Commodore Olusola Akinboyewa, speaking…
The Federal Government is working to reverse Nigeria’s growing unemployment rate, Vice-President Kashim Shettima said on Saturday. Shettima said this at the launch of the Nasarawa state human capital development strategy document and gender transformative human capital development policy framework in Lafia. He stated that the current administration is committed to empowering Nigerians with globally…
The President of the Nigerian Labour Congress (NLC), Joe Ajaero, and the union’s General Secretary, Emmanuel Ugboaja, are scheduled to appear before the Nigeria Police Force Intelligence Department (NPF-FID) on 24 September in Abuja over alleged criminal intimidation and other offences. The labour leaders who were initially billed to meet with the police on Thursday,…