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UNIPORT, UNIBEN teams advance to boot camp in NCDMB Engineering Olympiad
Frank Okon University of Port Harcourt and University of Benin have emerged winners of the South-South regional stage of the Nigerian Engineering Olympiad (NEO), securing spots in the national boot camp phase of the competition. The contest which held at…
Domestic carriers hike fares, despite slash in JET-A1 pump price by local refinery
Domestic airlines operators have hiked the price of flight tickets across all local routes. The increase comes barely one day after a local refinery had slashed the pump price of the JET A1 ( aviation fuel), as well as other…
Stock market losses N1.62trn, as CBN retains interest rate at 26.50%
Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 26.50 per cent. The CBN Governor, Mr Olayemi Cardoso, who disclosed this during a press briefing at the end of the 305th Monetary Policy Committee (MPC) meeting…
FG introduces unified, mandatory tax ID for all Nigerians
Federal Government, through the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), has launched a compulsory Tax ID system for all taxable Nigerians and businesses. The new Tax ID framework will replace the existing TIN Validation API…
Lagos moves to scrap electricity band model, plans uninterrupted power supply
Lagos Government has announced plans to scrap the electricity customer band system introduced by the Nigerian Electricity Regulatory Commission (NERC). This it added is in line with efforts to achieve more stable power supply across the state. Under the framework introduced…
CBN opens N650bn offer for NTBs auction
Central Bank of Nigeria (CBN) has opened for offer N650 billion worth of Nigerian Treasury Bills (NTBs) at its scheduled auction, Wednesday in what marks the second issuance for the month under the Federal Government’s second-quarter borrowing programme. The auction,…
Ebola outbreak deepens crisis in DR Congo amid hunger, displacement and insecurity
Frank Okon A worsening Ebola outbreak in eastern Democratic Republic of the Congo is unfolding against a backdrop of hunger, mass displacement, insecurity and fragile healthcare systems, raising fears of a broader regional health emergency. The crisis escalated after the…
Africa, Asia lead global housing shortage as urban slum population surges, UN Warns
Frank Okon Africa and Asia are at the center of the global housing crisis as rapid urbanization, rising inequality, and the growing expansion of slums continue to outpace infrastructure and housing development, the United Nations has warned. According to UN…
Climate shocks disrupting food production, healthcare and water supply across globe, WMO Warns
Ziggy Ojiegbe Climate shocks are increasingly disrupting food production, straining healthcare systems, worsening water shortages and displacing vulnerable communities across the globe as extreme weather events grow more severe and frequent, the World Meteorological Organization has warned. The warning came…
NCDMB pledges deeper Nigerian Content implementation across oil, gas value chain
Ziggy Ojiegbe The Nigeria Content Development and Monitoring Board has pledged to deepen Nigerian Content implementation across the upstream, midstream, and downstream sectors of the oil and gas industry as part of efforts to drive sustainable economic growth, industrial expansion,…
