Month: March 2024
Easter, a significant Christian festival, marks the resurrection of Jesus Christ, symbolizing triumph over sin and death. President Bola Tinubu extends his warm wishes to Christians in Nigeria and worldwide as they observe this sacred occasion. In his Friday statement, Tinubu emphasized the importance of embracing love, sacrifice, and compassion during the Easter season. Presidential […]
The Central Bank of Nigeria (CBN) has announced a significant boost to Nigeria’s economy, with an inflow surpassing $1.5 billion in recent days. This positive development underscores the effectiveness of the CBN’s monetary policy initiatives in stabilizing the foreign exchange market. Hakama Ali, the Acting Director of the Corporate Communications Department at the CBN, commented […]
The International Monetary Fund (IMF) has given the green light for the immediate disbursement of $820 million to Egypt, marking a pivotal moment in the country’s efforts to stabilize its faltering economy. This disbursement is part of a larger $3 billion aid program initially approved by the IMF’s Executive Board at the end of 2022. […]
Electricity distribution firms (DisCos) have issued apologies to Nigerians following another collapse of the national power grid, marking the second incident this year. The central management of the national electricity grid, based in Osogbo, Osun state, experienced a disruption at 4:30 pm on Thursday, resulting in widespread power outages across homes and businesses. Earlier this […]
Nigerian embedded systems and robotics engineer, Kemisola Bolarinwa has invented a smart bra that can diagnose breast cancer in its early stages before symptoms appear. Bolarinwa brought this invention to the world in February 2022, designing the prototype of the smart bra. The death of a relative in 2017 prompted this. She said that before […]
Seventeen political parties have successfully met the deadline to submit their candidates’ lists for the forthcoming Edo State gubernatorial election. The Independent National Electoral Commission (INEC) has confirmed that it will unveil the details of these candidates and their respective running mates on March 30, 2024. Scheduled for September 21, 2024, the gubernatorial election has […]
Nigerian President Bola Tinubu has strongly denounced the rising menace of kidnapping across the nation, calling for the perpetrators to be classified and treated as terrorists. Speaking at a Ramadan dinner with federal judiciary members led by Chief Justice of Nigeria (CJN) Justice Olukayode Ariwoola, President Tinubu reaffirmed the government’s commitment to combating banditry. He […]
Ethiopia’s largest bank, the Commercial Bank of Ethiopia (CBE), has successfully recovered over 80% of the funds lost following a system glitch that allowed users to withdraw more money than their account balances. CBE President, Abe Sano, announced on Tuesday that approximately $14 million was mistakenly withdrawn or transferred due to a system error. Contrary […]
In a recent update, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, reiterated that all verified foreign exchange (FX) backlogs have been addressed, while security agencies are probing questionable transactions for legal action. During the Monetary Policy Committee (MPC) meeting on Tuesday, the committee announced a 200 basis points increase in the […]
President Bola Tinubu on Wednesday awarded national honors to 17 members of the Nigerian Army killed in Delta State on March 14, 2024. He then announced the provision of housing for the surviving family members and scholarships for all their children up to university level. It also ordered payment of death benefits to family members […]
