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The African Development Bank (AfDB) and Eritrea have bolstered their collaboration to drive sustainable growth and development in the nation. The AfDB is supporting Eritrea in various sectors such as energy, water and sanitation, agriculture, skills development, and economic governance. The bank's president, Dr Akinwumi Adesina, emphasized the importance of prioritizing agro-industrialization and proposed the bank's Special Agro-Industrial Processing Zones initiative for transforming rural communities into prosperous economic zones. Eritrea's president, Isaias Afwerki, expressed gratitude for the bank's strategic role in the country's development and called for more resources to strengthen the institution's support for Africa's priorities.
The ongoing investigation into the alleged financial fraud during Godwin Emefiele's time as Governor of the Central Bank of Nigeria has uncovered shocking revelations. With an estimated N7 trillion involved, the probe is set to expose the mismanagement and compromised regulations within the financial system. Despite facing pressure from influential figures, the investigative team is determined to unveil the truth and hold the perpetrators accountable.
Prosper Dania, a young Nigerian artist, has gotten one step closer to realizing his childhood dream of exploring space. His artwork titled "Shared Aspiration" has been selected amongst other African youth paintings to be exhibited on China's Tiangong space station by the Shenzhou-16 taikonauts. This achievement is a result of his top prize win in the "My Dream" Painting Competition, co-hosted by the Secretariat of the Chinese Follow-up Committee of the Forum on China-Africa Cooperation, the China Manned Space Engineering Office, and the Chinese missions in Africa. Dania's art showcases a Sino-African collaboration symbolized by a space-bound taikonaut surrounded by the Chinese and Nigerian national flags, and stars.
A police officer in Nigeria is at the center of a controversy after being allegedly neglected by the authorities following an amputation resulting from a gunmen attack. The officer claims he was charged a hefty medical bill, which he couldn't afford to pay. While the police spokesperson denied the allegations, the officer maintains that his medical bills are still unpaid.
Parents and guardians in Nigeria are feeling the financial strain as schools nationwide announce increases in tuition fees. This comes at a time when the country is grappling with soaring inflation rates and a struggling economy. Students and parents alike are expressing their discontent and concern over the rising costs of education, with protests erupting in various universities. This article explores the impact of school fee hikes on families, the reasons behind the increases, and the reactions from parents and students.
Edo State Governor, Mr. Godwin Obaseki, has emphasized the government's efforts in driving investment in the oil palm sector to strengthen the agricultural value chain and enhance the economy of the state. With over 70,000 hectares of new lands allocated to investors for oil palm cultivation, the government aims to attract substantial investments and transform the entire agricultural industry. This strategic initiative is expected to create significant job opportunities and contribute to the economic growth of Edo State.
The Nigerian Minister of Interior has announced that 55,000 of the delayed passports have been issued, with more backlogs to be cleared soon. Nigerians can expect to receive their passports within two weeks of application.
The Nigeria Labour Congress (NLC) has issued a 21-day ultimatum to the President Bola Tinubu-led federal government to meet its demands. Failure to do so will result in an indefinite strike that will disrupt economic and commercial activities across the country. The NLC accuses the government of failing to provide adequate palliatives for Nigerians following the removal of the fuel subsidy.
Rema and Selena Gomez's collaboration 'Calm Down' makes history by winning the Best Afrobeats award at the 2023 MTV Video Music Awards (VMAs). This remarkable duo beat out top Nigerian artists Burna Boy, Davido, and Wizkid to secure the inaugural win in the newly established category. 'Calm Down' gained international recognition for its fusion of Afrobeats and pop elements, along with chart-topping success on platforms like Billboard and Spotify.
The Lagos State Building Control Agency (LASBCA) has started the process of removing distressed structures in Lagos Island, Mushin, and other areas. This move by LASBCA is aimed at preventing building collapse, saving lives, and minimizing property loss. The agency has marked the buildings as unfit for habitation and is urging occupants to vacate the premises for their safety and that of others. LASBCA is committed to ensuring that all buildings in the state are structurally sound and pose no risk to neighboring structures.
Prophet David Kingleo Elijah, the spiritual leader of the Glorious Mount of Possibility Church, has prophesied the possibility of Atiku Abubakar and Peter Obi losing their case at the Supreme Court regarding the 2023 presidential election. Find out more about the prophecy and its implications.
The University of Lagos has announced a significant fee hike, claiming it is necessary to maintain the quality of education amid rising costs. This move has sparked uproar among students and parents. The article delves into the reasons behind the fee increase, the impact on students, and the broader educational crisis in Nigeria.
Noah Kekere, the alleged doctor involved in organ harvesting in Jos, Plateau State, is reportedly suffering from an ill-mental state while in police custody. The Nigerian Medical Association (NMA) in Plateau State also disclaims Kekere as one of their members.
Rivers State Governor Siminalayi Fubara has issued a stern warning to traditional rulers, cautioning them against involvement in cult activities. This follows the brutal murder of Divisional Police Officer Bako Amgbashim, allegedly by cultists. The governor has taken decisive action by suspending a monarch linked to the crime indefinitely. Fubara's administration is committed to rooting out cultism and violence in Rivers State, as the state grapples with these complex challenges.
Nigeria's central bank has issued a circular barring banks from using one-off foreign exchange gains to pay dividends or meet operating expenses. This move comes after several banks reported robust half-year earnings due to currency devaluation. President Bola Tinubu's reforms have allowed the currency to weaken by over a third, saving billions of dollars but exacerbating the cost of living crisis. The central bank has instructed banks to set aside the foreign currency revaluation gains as a buffer against potential adverse movements in the exchange rate. Despite this restriction, top tier lenders such as GT Bank and Zenith Bank have declared interim dividends, boosting sentiment in the stock market.
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