The recent rally of the Nigerian naira in both official and parallel markets is expected to continue due to strategic measures taken by the Central Bank of Nigeria (CBN) to stabilise the local currency. Dr. Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), stated that the CBN is increasing…
The Chinese Government initiative Green Agriculture West Africa Limited has provided agricultural technical training programmes for over 400 Nigerian government officials. These initiatives aim to bolster agricultural cooperation between China and Nigeria. The company, which has invested in agriculture by establishing Green Agriculture West Africa Limited in Nigeria, focuses on producing and supplying rice seeds…
The Nigerian National Assembly has swiftly passed an N2.17 trillion supplementary budget aimed at addressing urgent time-bound issues. According to Senator Ali Ndume, who serves as the Whip of the Senate and deputy chairman of the Senate Appropriations Committee, this was done to facilitate the government’s ability to pay workers’ wages and prepare for upcoming…
The Federal Government has announced its intention to open up interstate water transportation systems in response to the high cost of fares following the removal of fuel subsidies. It pointed out that 28 states in the country are navigable, making the decision to explore interstate water transportation more feasible. Bola Oyebamiji, the Chief Executive Officer…
The United States has issued a warning to its citizens in Nigeria, urging them to avoid major hotels in the country due to elevated threats in the larger cities. This warning comes in an emergency information notice for American citizens issued on November 3. The advisory advises US citizens to be vigilant when staying at…
The Niger State government has allocated a budget of N20 billion for the establishment of the Niger State University of Education in its 2024 budget. The governor of Niger State, Alhaji Umaru Bago, made this announcement during the inauguration of a committee tasked with overseeing the university’s establishment. The university will operate alongside the existing…
The Federal Government of Nigeria has expressed its commitment to ensuring that there is no monopoly or concentration of power within a select group of individuals or companies in the adoption of compressed natural gas (CNG) for vehicle use in the country. This statement was made by Toyin Subair, the Senior Special Assistant to the…
The Food and Agriculture Organisation (FAO) has raised concerns over a potential food crisis in Nigeria, affecting at least 26.5 million people in Borno, Sokoto, Zamfara states, and the Federal Capital Territory, Abuja, between June and August 2024. According to FAO’s country representative, Dominique Kouacou, this projection is based on the October to November round…
The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, announced that her ministry is collaborating with other government ministries and private sector partners to assist in lifting 50 million Nigerians out of poverty. This initiative is in response to President Bola Tinubu’s directive. The efforts to tackle poverty are recognised as multi-dimensional, encompassing issues…
Nigeria has the highest out-of-pocket expenditure on healthcare in West Africa, according to the World Health Organisation (WHO). In 2020, Nigerians spent a significant portion, approximately 74.7%, of their health expenses directly from their own pockets. This means that many citizens have to pay for medical services and treatments without financial assistance, often resulting in…