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Nigeria
President Tinubu Announces Student Loan Program to End Academic Strikes: Launch Set for January 2024
President Bola Tinubu has confirmed the commencement of the student loan scheme he approved on June 12, 2023, starting in January 2024. This announcement came during his opening address at the 29th session of the annual Nigeria Economic Summit, held at the Transcorp Hilton in Abuja. President...
Nigeria
Naira Tumbles to 1,220/Dollar as FG Unveils Forex Automation Plan to Stem Devaluation Crisis
In a decisive move to counter the ongoing slump of the Naira, the Federal Government unveiled plans to automate all transactions within the foreign exchange market. The announcement was made by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, during the 29th Nigeria...
Nigeria
Federal Executive Council Approves $3.45 Billion Loan for Key Development Projects in Nigeria
The Federal Executive Council has given its nod to a $3.45 billion loan application to finance five key projects aimed at bolstering various sectors in Nigeria. These projects include initiatives in the power sector, renewable energy, states’ resource mobilization programs, an adolescent girls'...
Europe
Speculation Swirls as Russian President Putin Reportedly Suffers Cardiac Arrest Amid Health Concerns
Image Credit: Пресс-служба Президента РФ
Russian President Vladimir Putin reportedly suffered a cardiac arrest on Sunday evening, amid ongoing speculations about his health. A Telegram channel named General SVR suggested that recent appearances by Putin have been...
Nigeria
Supreme Court Hears Arguments Over Atiku's CSU Evidence in Presidential Tussle as Tinubu, APC, and INEC Contest Admissibility"
In the ongoing presidential dispute, President Bola Tinubu, the All Progressives Congress (APC), and the Independent National Electoral Commission (INEC) made their case to the Supreme Court, arguing against the admissibility of documents relating to Alhaji Atiku Abubakar's certificate from...
Nigeria
Nigerian Legislative Workers Set to Shut Down State and National Assemblies in Financial Autonomy Protest
Workers at Nigeria's 36 state and national assemblies have announced plans to shut down their respective workplaces until their demands for financial autonomy for the legislative arm are met. The workers, organized under the Parliamentary Staff Association of Nigeria (PASAN), are calling on...
On Monday, Judge Robin Knowles of the Business and Property Court in London delivered a landmark victory to the Federal Government of Nigeria, nullifying a $9.6 billion arbitral award made in 2017 in favor of the Process & Industry Development (P&ID) Limited. Attorney General of the Federation...
AKS.9955
At least ten individuals, including a 13-year-old boy, tragically lost their lives due to heart attacks after participating in traditional Garba dances during India's nine-day Hindu festival of Navaratri, celebrated in the state of Gujarat. The victims...
In a significant legal development, the Business and Property Court in London ruled in favor of Nigeria, bringing an end to the $11 billion lawsuit filed by Process & Industrial Developments (P&ID) Ltd against the federal government of Nigeria. The judgment was delivered by Judge Robin Knowles...
In an effort to uphold the integrity of physical planning regulations in Lagos, the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, has sent a resounding message to property owners and developers. He strongly advises them to acquire proper planning licenses before...
Nigeria
Lagos State Government Seals Alaba International Market Over Waste Disposal Failures and Outstanding Bills
The Lagos State Government has taken action against the Alaba International Market due to various infractions, particularly concerning waste disposal and sanitation. The Commissioner for Environment, Tokunbo Wahab, announced the closure in a tweet, stating that it was a result of poor waste...
The exchange rate between the Nigerian naira and the United States dollar opened the trading week with a lot of chatter in the financial circles. As Nairametrics reported, the rate began at N1,200/$1 on peer-to-peer (P2P) platforms, setting the tone for an eventful week. However, as noon...
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