Tag: Nigeria

Nigeria Embargoes Hajj Subsidy Ahead 2025 Pilgrimage

Ganiyu Amodu

Muslims intending to travel to Saudi Arabia for the 2025 Hajj may have to pay more as the federal government of Nigeria has suspended subsidies for Hajj payments. The National Hajj Commission of Nigeria (NAHCON) confirmed the development in a statement issued on Monday through the commission’s spokesperson, Fatima Sanda Usara. It is worth noting that the government subsidies typically come in the form of a concessionary exchange rate, enabling pilgrims to purchase dollars at a lower rate from the Central Bank of Nigeria (CBN). However, Usara announced, “There will…

Read More

Independence Day: Nigeria Declares Tuesday Public Holiday

Ganiyu Amodu

The Federal Government has declared Tuesday, October 1, 2024, a public holiday to commemorate the nation’s 64th Independence Day. The Minister of Interior, Olubunmi Tunji-Ojo, made the declaration on Saturday on behalf of the Federal Government in a statement issued by the Permanent Secretary in the ministry, Dr Magdalene Ajani. Tunji-Ojo congratulated Nigerians at home and abroad on this occasion and praised the patient and hardworking Nigerian men and women, stating that their sacrifices would not be in vain. READ ALSO When Your Son-In-Law Beats Your Daughter, By Funke Egbemode…

Read More

Why, How Nigeria, USAID Inked N115.2Bn Electricity Deals

Rofeequr Adeola--Yusuf

Minister Adelabu; USAID/Nigeria Mission Director, Melissa Jones; Permanent Secretary, Mahmuda Mamman – Line-up of dignitaries and what they said at the net-zero carbon emissions enabling event The Nigerian government and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MOU) on the effective implementation of N115.2 Billion for Electricity Reforms and Clean Energy Transition in the country. Platforms Africa reports that this was contained in a statement by Chinwe Udouwem, Chief information and Public Relations Officer, ministry of power. Speaking at the event, which, according…

Read More

Nigeria Wins Bid To Host $5Bn African Energy Bank

Ganiyu Amodu

. ‘Coming to Abuja,’ How bank will be situated in country’s capital   Nigeria has successfully secured the bid to host the headquarters of the newly established $5 billion African Energy Bank (AEB) in its capital city, Abuja. This is contained in a statement by the State Minister for Petroleum Resources (oil), Heineken Lokpobiri, on Thursday via his official X account. Lokpobiri said that the bank would play a crucial role in financing and advancing energy projects across Africa, promoting innovation, sustainability, and economic growth. Nigeria emerged as the preferred…

Read More

Nigeria, Egypt Ranked Among Countries With Lowest Salary Earners Worldwide + FULL LIST

Ganiyu Amodu

The founder of FounderPass, Max Bramwell, has shared a list ranking countries according to the global highest and lowest average salaries. Bramwell identified Tunisia, Libya, Algeria, Bangladesh, Iran, Nepal, Sri Lanka, Venezuela, Pakistan, Egypt, and Nigeria as having the lowest salaries after tax. Investigating the underlying reasons for these income gaps, Bramwell raised queries such as: “How does your salary compare to the national average? How much could you be making if you moved to another country? “From nations with some of the highest average salaries like Switzerland and Luxembourg…

Read More

Niger Republic Reopens Border With Nigeria

Ganiyu Amodu

Niger Republic has reopened its border with Nigeria in the regions of Diffa, Tahoua, Maradi and Dosso. The land border between the two neighbors was closed following the coup d’état of July 26 and the ECOWAS sanctions that followed. In a radio message broadcast on social networks, on Thursday, the Nigerien Ministry of Interior instructed the governors of these border regions to reauthorize the reopening at exactly 12:00 midnight. The ministry also directed the affected governors to strengthen controls and security along the 1,500 kilometers stretch land demarcation. READ ALSO…

Read More

Nigeria, Germany Ink Deal To Accelerate Siemens Power Project

Ganiyu Amodu

Nigeria and Germany have signed an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The signing ceremony, which was presided over by President Bola Tinubu and the German Chancellor, Mr Olaf Scholz, took place on the sidelines of the ongoing United Nations Climate Conference (COP28) in Dubai, the United Arab Emirates. The agreement was signed by Mr. Kenny Anuwe, the Managing Director and CEO of FGN Power Company, and Ms. Nadja Haakansson, Siemens Energy’s Senior Vice President and…

Read More

Nigeria, Germany Ink $500m Renewable Energy, Gas Deals

Ganiyu Amodu

ABUJA — The burgeoning economic partnership between Nigeria and Germany witnessed further expansion and strengthening yesterday as two important agreements were signed among businesses from both countries. Speaking at the 10th German-Nigerian Business Forum in Berlin, Germany, President Bola Tinubu said with resilient democracy, Nigeria was well primed to attract foreign direct investments. The President witnessed the signing of two Memoranda of Understanding, MoU: one on the supply of gas from Nigeria to Germany and another for $500 million worth of renewable energy projects in Nigeria. The signing of MoUs…

Read More

She Broke Nigeria’s Varsity 42-year-Record, Bagged 4.0 Perfect Grade in US Varsity

ADEOLA YUSUF

The Inspiring Journey of Fatima Akinola, the Nigerian Lady Know for her Brilliance in Mathematics. This is the story of Fatima Akinola, a Brilliant Lady who in 2017, broke a 42-year record of Usmanu Danfodiyo University (UDUSOK), Sokoto State, Nigeria, by being the first to graduate with a First Class in the Department of Mathematics, a course she didn’t even apply to study. Fatima didn’t stop there as she also graduated with a perfect CGPA of 4.0 out of the entire 4.0 CGPA in a University at the United States…

Read More

Fraudsters Hack Into Firms’ Accounts in Nigeria, Others, Steal $11M

Ganiyu Amodu

    A gang of hackers, OPERA1ER, stole at least $11m from companies in Nigeria, Benin, Cameroon, 11 other African countries, and Argentina. This is according to a new report from Group-IB, a cybersecurity firm, entitled, “OPERA1ER: Playing God without permission,” in collaboration with the researchers from Orange CERT Coordination Center. The firm disclosed that digital forensic artifacts analysed by it and Orange followed more than 30 successful intrusions of the gang between 2018 and 2022. READ ALSO: Fraud alert: Cyber Fraudsters Clone Lagos Gov Sanwo-Olu’s Accounts Hushpuppi Jailed, Bags…

Read More