Breakdancing is set to make its debut as a new sport at the Paris 2024 Olympics, marking a significant milestone for the dance community. This summer, 32 athletes will showcase their skills in what is commonly known as breakdancing, a dynamic fusion of athleticism and artistry. Originating in the early 1970s at […]
Business
Another rate hike looms for Nigeria as inflation quickens, naira slides
Nigeria’s inflation rate climbed for a 16th consecutive month in April, driven by a threefold increase in electricity tariffs and higher transport costs. The acceleration raises the prospect of another interest-rate hike when the central bank’s monetary policy committee meets next week. It’s already lifted borrowing costs to a record […]
Here are four agripreneurs redefining farming in Nigeria
Nigeria is facing a double unemployment crisis – a lack of jobs for youths and a fast-rising young population. However, agriculture – the country’s largest sector of employment promises opportunities for job growth and economic prosperity. Despite this, many young people are abandoning the sector in search of very scarce white-collar jobs in […]
Tinubu asks Senate to confirm four board members of SEC
President Bola Tinubu has asked the Senate to screen and confirm four persons appointed as board members of the Securities and Exchange Commission (SEC), the apex regulator of Nigeria’s Capital Market. The President’s request was contained in a letter read by the Senate President, Godswill Akpabio during the plenary on Wednesday. The […]
Obasanjo says western democracy has failed Africa, advocates for ‘Afro-Democracy’
Former President Olusegun Obasanjo said Western liberal democracy has failed Africa. He advocated for a local solution, which he called ‘Afro-democracy. The former president also warned the proponents of a parliamentary system that immediate results may not be feasible. Obasanjo said these on Tuesday at a closed-door meeting in Abuja with former President […]
Senate Approves $500m Loan For Metering Nigerians
The Senate has just approved a $500 million loan request by the Federal Government. The money will be used by the Bureau of Public Enterprises for “metering Nigerians” for the supply of electricity to their homes. According to the Ministry of Power, over 92 million Nigerians have yet to be metered.
International conspiracy by western powers sabotaging Ajaokuta Steel Company – Ex Governor Tapgun
Fidelis Tapgun was elected governor of Plateau State in 1992 under the Social Democratic Party (SDP), appointed the Nigerian Ambassador to Kenya in January 2000, and was later confirmed as Minister of Industry in July 2005 under President Olusegun Obasanjo’s democratic regime. Born on November 1, 1945, in Shendamm Plateau State, Tapgun attended […]
1.6m applications received for consumer credit since launch — CrediCorp
Barely a month after the launch of the first phase of the Consumer Credit Scheme, at least 1.6 million Nigerians have submitted applications. Uzoma Nwagba, the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP) who disclosed this on Tuesday during an interview on Channels Television’s Politics Today, […]
Aigboje Aig-Imoukhuede appointed president of France-Nigeria Business Council
On May 13, 2024, at Choose France Summit 2024, Aigboje Aig-Imoukhuede, the chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron. The France-Nigeria Business Council (FNBC) is a coalition of Nigerian […]
Nigeria gains additional territory on extended Continental shelf
The UN has approved Nigeria’s submission, granting sovereignty over additional square kilometres of maritime territory. This was revealed Tuesday after President Bola received the report of the High Powered Presidential Committee (HPPC) on Nigeria’s Extended Continental Shelf Project. The team of experts had worked hard over the years to advance the […]