Back
Clear
Show/Hide Additional Details
×
Filter
Back
Filters List
Clear
}

Display My

News - Daily Trust
Latest Trending

News Image

A 19-year-old student in Nigeria committed suicide after receiving his UTME (Unified Tertiary Matriculation Examination) score which was lower than expected. The student had been preparing for the exam for months and was devastated by the result. However just 30 minutes after his death the student received an admission notice from a university. The tragic incident highlights the immense pressure and stress that students face during the exam period and the devastating consequences it can have on mental health. It also raises concerns about the education system and the weight placed on a single exam score for determining a students future.

  • A 19-year-old student in Nigeria committed suicide after receiving his UTME (Unified Tertiary Matriculation Examination) score which was lower than expected.

    The student had been preparing for the exam for months and was devastated by the result.

    However just 30 minutes after his death the student received an admission notice from a university.

    The tragic incident highlights the immense pressure and stress that students face during the exam period and the devastating consequences it can have on mental health.

    It also raises concerns about the education system and the weight placed on a single exam score for determining a students future.

News Image

The chairman of the Independent National Electoral Commission (INEC) Mahmood Yakubu has announced that the commission is working towards implementing electoral reforms before the 2027 general elections. This comes after widespread criticism of the current electoral process in Nigeria with many calling for significant changes to ensure free fair and credible elections. Yakubu stated that the commission is consulting with various stakeholders including political parties civil society organizations and international partners to identify areas that need to be reformed. He also emphasized the need for political will and support from all stakeholders to achieve these reforms and ensure a more transparent and efficient electoral process in the future.

  • The chairman of the Independent National Electoral Commission (INEC) Mahmood Yakubu has announced that the commission is working towards implementing electoral reforms before the 2027 general elections.

    This comes after widespread criticism of the current electoral process in Nigeria with many calling for significant changes to ensure free fair and credible elections.

    Yakubu stated that the commission is consulting with various stakeholders including political parties civil society organizations and international partners to identify areas that need to be reformed.

    He also emphasized the need for political will and support from all stakeholders to achieve these reforms and ensure a more transparent and efficient electoral process in the future.

News Image

The World Bank on Monday queried the remittance of the proceeds of the petrol subsidy removal by the Nigerian National Petroleum Company Limited (NNPCL). At his inauguration on May 29 2023 President Bola Ahmed Tinubu announced the removal of petrol subsidy the policy triggered a hike in price of the…

  • The World Bank on Monday queried the remittance of the proceeds of the petrol subsidy removal by the Nigerian National Petroleum Company Limited (NNPCL).

    At his inauguration on May 29 2023 President Bola Ahmed Tinubu announced the removal of petrol subsidy the policy triggered a hike in price of the….

News Image

Cinema 4 is a popular movie theater that has recently reopened its doors after being closed due to the COVID-19 pandemic. The theater is now showing a variety of new and classic films providing entertainment for movie lovers. The reopening of Cinema 4 is a welcome development for both the movie industry and the community as it offers a safe and enjoyable way to experience the magic of the big screen. With safety measures in place moviegoers can once again enjoy the full cinematic experience while supporting the film industry. Cinema 4s reopening is a positive step towards returning to normalcy in the wake of the pandemic.

  • Cinema 4 is a popular movie theater that has recently reopened its doors after being closed due to the COVID-19 pandemic.

    The theater is now showing a variety of new and classic films providing entertainment for movie lovers.

    The reopening of Cinema 4 is a welcome development for both the movie industry and the community as it offers a safe and enjoyable way to experience the magic of the big screen.

    With safety measures in place moviegoers can once again enjoy the full cinematic experience while supporting the film industry.

    Cinema 4s reopening is a positive step towards returning to normalcy in the wake of the pandemic.

News Image

The Africa Magic Viewers Choice Awards (AMVCA) is an annual event that celebrates the best of African film and television. As the industry continues to grow the competition for top contenders in the AMVCA has become even more intense. Some of the top contenders for the 2025 edition of the awards include talented actors and filmmakers like Ramsey Nouah Genevieve Nnaji and Kunle Afolayan. These individuals have made significant contributions to the industry and have been recognized for their exceptional work. With the AMVCA becoming a prestigious platform for African talent the future looks bright for the film and television industry in Africa.

  • The Africa Magic Viewers Choice Awards (AMVCA) is an annual event that celebrates the best of African film and television.

    As the industry continues to grow the competition for top contenders in the AMVCA has become even more intense.

    Some of the top contenders for the 2025 edition of the awards include talented actors and filmmakers like Ramsey Nouah Genevieve Nnaji and Kunle Afolayan.

    These individuals have made significant contributions to the industry and have been recognized for their exceptional work.

    With the AMVCA becoming a prestigious platform for African talent the future looks bright for the film and television industry in Africa.

News Image

The 2025 BET Awards nominations have been announced and top Nigerian artists such as Burna Boy Rema and Ayra Starr have made the list. Burna Boy who won the Best International Act category in 2021 has been nominated for the same category along with other international stars like Wizkid Davido and Diamond Platnumz. Rema and Ayra Starr have been nominated for the Best New International Act category alongside other rising stars from around the world. The BET Awards which celebrate the achievements of Black artists in music film and sports will take place in 2025 and are highly anticipated by fans and artists alike.

  • The 2025 BET Awards nominations have been announced and top Nigerian artists such as Burna Boy Rema and Ayra Starr have made the list.

    Burna Boy who won the Best International Act category in 2021 has been nominated for the same category along with other international stars like Wizkid Davido and Diamond Platnumz.

    Rema and Ayra Starr have been nominated for the Best New International Act category alongside other rising stars from around the world.

    The BET Awards which celebrate the achievements of Black artists in music film and sports will take place in 2025 and are highly anticipated by fans and artists alike.

News Image

According to recent data there are over 45000 students under the age of 15 who are currently in Senior Secondary School 3 (SS3) in Nigeria. This data has raised concerns about the minimum age requirement for students to be enrolled in this level of education. The National Policy on Education states that students must be at least 15 years old to be enrolled in SS3 but this data shows that many students are not meeting this requirement. This raises questions about the quality of education and the enforcement of regulations in the education system. Steps must be taken to address this issue and ensure that students are receiving a proper education at the appropriate age.

  • According to recent data there are over 45000 students under the age of 15 who are currently in Senior Secondary School 3 (SS3) in Nigeria.

    This data has raised concerns about the minimum age requirement for students to be enrolled in this level of education.

    The National Policy on Education states that students must be at least 15 years old to be enrolled in SS3 but this data shows that many students are not meeting this requirement.

    This raises questions about the quality of education and the enforcement of regulations in the education system.

    Steps must be taken to address this issue and ensure that students are receiving a proper education at the appropriate age.

News Image

The Rector of a polytechnic in Nigeria has spoken out against the discrimination faced by students with Higher National Diploma (HND) qualifications. According to him many employers prefer candidates with university degrees leading to HND holders being forced to pursue additional certifications in order to be considered for job opportunities. This discrimination not only affects the students but also the polytechnic itself as it diminishes the value of HND qualifications and discourages potential students from enrolling. The Rector is calling for equal treatment and recognition of HND qualifications to create a fair and inclusive job market for all graduates.

  • The Rector of a polytechnic in Nigeria has spoken out against the discrimination faced by students with Higher National Diploma (HND) qualifications.

    According to him many employers prefer candidates with university degrees leading to HND holders being forced to pursue additional certifications in order to be considered for job opportunities.

    This discrimination not only affects the students but also the polytechnic itself as it diminishes the value of HND qualifications and discourages potential students from enrolling.

    The Rector is calling for equal treatment and recognition of HND qualifications to create a fair and inclusive job market for all graduates.

News Image

The President of the African Development Bank (AfDB) Akinwumi Adesina has highlighted the issue of education and skills mismatch among African youths. He stated that while there is a high demand for skilled workers in the continent there is a lack of appropriate education and training programs to meet this demand. This mismatch not only affects the employability of young people but also hinders economic growth and development in Africa. Adesina called for a more holistic approach to education focusing on both technical and soft skills to better prepare African youths for the job market and bridge the education-skills gap.

  • The President of the African Development Bank (AfDB) Akinwumi Adesina has highlighted the issue of education and skills mismatch among African youths.

    He stated that while there is a high demand for skilled workers in the continent there is a lack of appropriate education and training programs to meet this demand.

    This mismatch not only affects the employability of young people but also hinders economic growth and development in Africa.

    Adesina called for a more holistic approach to education focusing on both technical and soft skills to better prepare African youths for the job market and bridge the education-skills gap.

News Image

Former Central Bank Governor and current Anambra State governorship aspirant Prof. Chukwuma Soludo has declared his support for former Lagos State governor and national leader of the All Progressives Congress (APC) Asiwaju Bola Tinubu to run for president in 2027. Soludo who is a member of the All Progressives Grand Alliance (APGA) stated that the APC and APGA are ideological allies and that Tinubu has the qualities to lead the country. He also urged other political parties to support Tinubus candidacy in 2027 stating that it would be a win-win situation for Nigeria. Soludos endorsement adds to the growing support for Tinubus potential presidential bid.

  • Former Central Bank Governor and current Anambra State governorship aspirant Prof.

    Chukwuma Soludo has declared his support for former Lagos State governor and national leader of the All Progressives Congress (APC) Asiwaju Bola Tinubu to run for president in 2027.

    Soludo who is a member of the All Progressives Grand Alliance (APGA) stated that the APC and APGA are ideological allies and that Tinubu has the qualities to lead the country.

    He also urged other political parties to support Tinubus candidacy in 2027 stating that it would be a win-win situation for Nigeria.

    Soludos endorsement adds to the growing support for Tinubus potential presidential bid.

Opinion Is ban on imports another reason to japa?

The recent ban on imports by the Nigerian government has sparked concerns among citizens with many questioning if it will lead to more people "japa" or leave the country. The ban which includes items such as rice poultry and textiles aims to boost local production and reduce the countrys dependence on imports. However critics argue that this move may have negative consequences such as higher prices and job losses. Some also fear that it may push more people to seek opportunities abroad leading to a brain drain. Overall the ban on imports has caused a stir and raised questions about the future of Nigerias economy.

  • The recent ban on imports by the Nigerian government has sparked concerns among citizens with many questioning if it will lead to more people "japa" or leave the country.

    The ban which includes items such as rice poultry and textiles aims to boost local production and reduce the countrys dependence on imports.

    However critics argue that this move may have negative consequences such as higher prices and job losses.

    Some also fear that it may push more people to seek opportunities abroad leading to a brain drain.

    Overall the ban on imports has caused a stir and raised questions about the future of Nigerias economy.

News Image

Governor Okezie Ikpeazu of Abia State has appointed Nigerian music icon Tuface Idibia as a technical adviser. The announcement was made by the governor during a ceremony at the Government House in Umuahia where he also presented Tuface with a certificate of appointment. According to Governor Ikpeazu the appointment is in recognition of Tufaces achievements and contributions to the music industry and his philanthropic efforts. The governor also expressed his confidence in Tufaces ability to bring his wealth of experience and expertise to bear in advising the government on youth and sports development. The appointment has been met with positive reactions from Nigerians who see it as a step towards utilizing the talents and skills of individuals for the betterment of the society.

  • Governor Okezie Ikpeazu of Abia State has appointed Nigerian music icon Tuface Idibia as a technical adviser.

    The announcement was made by the governor during a ceremony at the Government House in Umuahia where he also presented Tuface with a certificate of appointment.

    According to Governor Ikpeazu the appointment is in recognition of Tufaces achievements and contributions to the music industry and his philanthropic efforts.

    The governor also expressed his confidence in Tufaces ability to bring his wealth of experience and expertise to bear in advising the government on youth and sports development.

    The appointment has been met with positive reactions from Nigerians who see it as a step towards utilizing the talents and skills of individuals for the betterment of the society.

News Image

Nigerian artist Drela has released a new EP titled "Rain" that blends together elements of Afrobeats and R&B. The EP which features five tracks showcases Drelas smooth vocals and unique sound. With production from renowned producers like Kiddominant and Ozedikus the EP is a perfect fusion of catchy beats and soulful melodies. Drelas lyrics explore themes of love heartbreak and self-discovery making the EP relatable to listeners. "Rain" has received positive reviews from fans and critics alike solidifying Drelas position as a rising star in the Nigerian music industry. This EP is a must-listen for fans of Afrobeats and R&B.

  • Nigerian artist Drela has released a new EP titled "Rain" that blends together elements of Afrobeats and R&B.

    The EP which features five tracks showcases Drelas smooth vocals and unique sound.

    With production from renowned producers like Kiddominant and Ozedikus the EP is a perfect fusion of catchy beats and soulful melodies.

    Drelas lyrics explore themes of love heartbreak and self-discovery making the EP relatable to listeners.

    "Rain" has received positive reviews from fans and critics alike solidifying Drelas position as a rising star in the Nigerian music industry.

    This EP is a must-listen for fans of Afrobeats and R&B.

News Image

Former Military Administrator of Bayelsa State Navy Captain Omoniyi Caleb Olubolade (rtd) is dead. Olubolade who was also Minister of Special Duties Minister of State FCT and Minister of Police Affairs reportedly slumped on Sunday and died afterwards. He celebrated his 70th birthday on November 30 2024. Olubolade the Ipoti-Ekiti-born…

  • Former Military Administrator of Bayelsa State Navy Captain Omoniyi Caleb Olubolade (rtd) is dead.

    Olubolade who was also Minister of Special Duties Minister of State FCT and Minister of Police Affairs reportedly slumped on Sunday and died afterwards.

    He celebrated his 70th birthday on November 30 2024.

    Olubolade the Ipoti-Ekiti-born….

News Image

The Nigerian National Petroleum Corporation (NNPC) has announced plans to resume drilling activities at the Kolmani River-II Well in the Northeast region of the country. The drilling was initially suspended due to security concerns in the area but the NNPC has now received approval from the military to resume operations. The Kolmani River-II well is expected to boost Nigerias oil production and contribute to the countrys economic growth. The NNPC has also assured that all necessary security measures will be put in place to ensure the safety of its personnel and equipment. This development is a positive step towards increasing Nigerias oil production and promoting economic development in the Northeast region.

  • The Nigerian National Petroleum Corporation (NNPC) has announced plans to resume drilling activities at the Kolmani River-II Well in the Northeast region of the country.

    The drilling was initially suspended due to security concerns in the area but the NNPC has now received approval from the military to resume operations.

    The Kolmani River-II well is expected to boost Nigerias oil production and contribute to the countrys economic growth.

    The NNPC has also assured that all necessary security measures will be put in place to ensure the safety of its personnel and equipment.

    This development is a positive step towards increasing Nigerias oil production and promoting economic development in the Northeast region.

News Image

In 1960 Nigeria gained independence from British colonial rule and became a sovereign nation. At the time the country was faced with numerous challenges such as widespread poverty ethnic and religious tensions and a lack of infrastructure. However there were also some positive aspects such as a growing economy and a sense of unity among the people. Today many argue that Nigeria was better off in 1960 due to the stability and progress made during that time. However others argue that the country has made significant strides in areas such as education healthcare and technology since then. Ultimately the answer to whether Nigeria was better off in 1960 is subjective and depends on individual perspectives.

  • In 1960 Nigeria gained independence from British colonial rule and became a sovereign nation.

    At the time the country was faced with numerous challenges such as widespread poverty ethnic and religious tensions and a lack of infrastructure.

    However there were also some positive aspects such as a growing economy and a sense of unity among the people.

    Today many argue that Nigeria was better off in 1960 due to the stability and progress made during that time.

    However others argue that the country has made significant strides in areas such as education healthcare and technology since then.

    Ultimately the answer to whether Nigeria was better off in 1960 is subjective and depends on individual perspectives.

News Image

The article discusses the impact of a chemical plant explosion in Chicago which released a large plume of white smoke into the air. The smoke caused panic among residents and raised concerns about potential health hazards. The plant owned by a company called Chemtool had a history of environmental violations and had been cited for not properly reporting hazardous materials. The explosion also caused a fire that took several days to contain and residents were advised to stay indoors and limit outdoor activities. The incident highlights the importance of stricter regulations and proper safety measures in the chemical industry to prevent such disasters.

  • The article discusses the impact of a chemical plant explosion in Chicago which released a large plume of white smoke into the air.

    The smoke caused panic among residents and raised concerns about potential health hazards.

    The plant owned by a company called Chemtool had a history of environmental violations and had been cited for not properly reporting hazardous materials.

    The explosion also caused a fire that took several days to contain and residents were advised to stay indoors and limit outdoor activities.

    The incident highlights the importance of stricter regulations and proper safety measures in the chemical industry to prevent such disasters.

News Image

The Federal Government of Nigeria recently announced a new 12-year basic education model which has sparked mixed reactions from stakeholders. The new model aims to provide a more holistic and comprehensive education for students with an emphasis on vocational and technical skills. While some stakeholders have praised the move others have raised concerns about the implementation and funding of the program. Some critics argue that the government should focus on improving the existing education system instead of introducing a new model. However supporters believe that the new model will better prepare students for the workforce and bridge the skills gap in the country.

  • The Federal Government of Nigeria recently announced a new 12-year basic education model which has sparked mixed reactions from stakeholders.

    The new model aims to provide a more holistic and comprehensive education for students with an emphasis on vocational and technical skills.

    While some stakeholders have praised the move others have raised concerns about the implementation and funding of the program.

    Some critics argue that the government should focus on improving the existing education system instead of introducing a new model.

    However supporters believe that the new model will better prepare students for the workforce and bridge the skills gap in the country.

News Image

Manchester United secured their spot in the Europa League final after a dominant 4-0 victory over Athletic Bilbao. The English club put on a clinical display with Bruno Fernandes scoring twice and Paul Pogba and Edinson Cavani also finding the back of the net. The win was a much-needed boost for United who have struggled in the Premier League this season. They will now face Villarreal in the final with the hopes of winning their first major trophy since 2017. This victory not only gives United a chance at silverware but also shows their potential and strength as a team.

  • Manchester United secured their spot in the Europa League final after a dominant 4-0 victory over Athletic Bilbao.

    The English club put on a clinical display with Bruno Fernandes scoring twice and Paul Pogba and Edinson Cavani also finding the back of the net.

    The win was a much-needed boost for United who have struggled in the Premier League this season.

    They will now face Villarreal in the final with the hopes of winning their first major trophy since 2017.

    This victory not only gives United a chance at silverware but also shows their potential and strength as a team.

News Image

Fireboy DML a Nigerian singer and songwriter recently revealed that before being signed by popular artist Olamide he was close to selling rechargeable lamps to make ends meet. The 24-year-old artist shared his struggles and journey to success in an interview stating that he had to do odd jobs to support himself while pursuing his music career. He also mentioned that he was grateful for the opportunity given to him by Olamide who recognized his talent and signed him to his record label. Fireboy DMLs story serves as an inspiration to many aspiring artists showing that hard work and determination can lead to success.

  • Fireboy DML a Nigerian singer and songwriter recently revealed that before being signed by popular artist Olamide he was close to selling rechargeable lamps to make ends meet.

    The 24-year-old artist shared his struggles and journey to success in an interview stating that he had to do odd jobs to support himself while pursuing his music career.

    He also mentioned that he was grateful for the opportunity given to him by Olamide who recognized his talent and signed him to his record label.

    Fireboy DMLs story serves as an inspiration to many aspiring artists showing that hard work and determination can lead to success.

News Image

The first ever electric cars have been launched in Benue a state in Nigeria. The cars were introduced by a private company in partnership with the state government with the aim of promoting clean energy and reducing carbon emissions. The cars are said to be able to travel up to 100km on a single charge and can reach a top speed of 100km/h. The launch of these electric cars is a significant step towards sustainable transportation in Nigeria as the country is currently heavily reliant on fossil fuels. This move also aligns with global efforts to combat climate change and promote renewable energy sources.

  • The first ever electric cars have been launched in Benue a state in Nigeria.

    The cars were introduced by a private company in partnership with the state government with the aim of promoting clean energy and reducing carbon emissions.

    The cars are said to be able to travel up to 100km on a single charge and can reach a top speed of 100km/h.

    The launch of these electric cars is a significant step towards sustainable transportation in Nigeria as the country is currently heavily reliant on fossil fuels.

    This move also aligns with global efforts to combat climate change and promote renewable energy sources.

News Image

The Toyota Motor Show is making a comeback in Lagos after a three-year hiatus. The event which is organized by Toyota Nigeria Limited will showcase the latest models of Toyota vehicles and technologies. It aims to provide a platform for customers to interact with the brand and learn about its innovations. The show will also feature entertainment and activities for families making it a fun and informative event for all ages. Toyota has been a popular brand in Nigeria and the return of the motor show is expected to strengthen its presence and engage with its loyal customers.

  • The Toyota Motor Show is making a comeback in Lagos after a three-year hiatus.

    The event which is organized by Toyota Nigeria Limited will showcase the latest models of Toyota vehicles and technologies.

    It aims to provide a platform for customers to interact with the brand and learn about its innovations.

    The show will also feature entertainment and activities for families making it a fun and informative event for all ages.

    Toyota has been a popular brand in Nigeria and the return of the motor show is expected to strengthen its presence and engage with its loyal customers.

News Image

PalmPay a mobile payment platform has recently announced new features to enhance contactless payments in Nigeria. The platform has introduced QR code payments allowing users to scan a code and make payments without physical contact. This is especially helpful during the COVID-19 pandemic as it reduces the risk of spreading the virus through cash transactions. PalmPay has also partnered with major merchants and supermarkets to enable contactless payments for goods and services. In addition the platform has increased its transaction limit to 500000 Naira ($1300) making it easier for users to make larger payments without having to physically handle cash. These updates aim to provide a safer and more convenient payment experience for Nigerians.

  • PalmPay a mobile payment platform has recently announced new features to enhance contactless payments in Nigeria.

    The platform has introduced QR code payments allowing users to scan a code and make payments without physical contact.

    This is especially helpful during the COVID-19 pandemic as it reduces the risk of spreading the virus through cash transactions.

    PalmPay has also partnered with major merchants and supermarkets to enable contactless payments for goods and services.

    In addition the platform has increased its transaction limit to 500000 Naira ($1300) making it easier for users to make larger payments without having to physically handle cash.

    These updates aim to provide a safer and more convenient payment experience for Nigerians.

News Image

Governor Lucky Aiyedatiwa of Ondo State has expressed his concern over the increasing rate of insecurity in the state stating that it is "killing" the people and urging everyone to "wake up" to the reality. He highlighted the recent killings and kidnappings in the state emphasizing the need for collective efforts to tackle the issue. The governor also called on security agencies to step up their efforts in protecting the people and ensuring their safety. He urged citizens to be vigilant and report any suspicious activities to the authorities. Aiyedatiwas statement serves as a wake-up call for the government and citizens to take decisive action against insecurity in the state.

  • Governor Lucky Aiyedatiwa of Ondo State has expressed his concern over the increasing rate of insecurity in the state stating that it is "killing" the people and urging everyone to "wake up" to the reality.

    He highlighted the recent killings and kidnappings in the state emphasizing the need for collective efforts to tackle the issue.

    The governor also called on security agencies to step up their efforts in protecting the people and ensuring their safety.

    He urged citizens to be vigilant and report any suspicious activities to the authorities.

    Aiyedatiwas statement serves as a wake-up call for the government and citizens to take decisive action against insecurity in the state.

News Image

A group has condemned the recent spate of defections in Nigerian politics stating that it is a sign of democracy being up for sale. The group believes that politicians are switching parties solely for their personal gain rather than for the benefit of the country. They argue that this trend undermines the principles of democracy and weakens the political system. The group also calls for stricter laws to prevent such defections and ensure that politicians remain loyal to the party and people who elected them. They urge for a more responsible and ethical approach to politics in order to strengthen democracy in the country.

  • A group has condemned the recent spate of defections in Nigerian politics stating that it is a sign of democracy being up for sale.

    The group believes that politicians are switching parties solely for their personal gain rather than for the benefit of the country.

    They argue that this trend undermines the principles of democracy and weakens the political system.

    The group also calls for stricter laws to prevent such defections and ensure that politicians remain loyal to the party and people who elected them.

    They urge for a more responsible and ethical approach to politics in order to strengthen democracy in the country.

News Image

Manufacturers in Nigeria are closely monitoring the actions of the Presidency and the National Assembly in regards to the countrys first policy. The policy which aims to promote the production and consumption of locally made goods has been met with mixed reactions from manufacturers. Some are supportive of the policy believing it will boost the countrys economy and create job opportunities while others are concerned about the potential impact on their businesses. As the government works to implement the policy manufacturers are keeping a close eye on any developments and advocating for their interests to be taken into consideration.

  • Manufacturers in Nigeria are closely monitoring the actions of the Presidency and the National Assembly in regards to the countrys first policy.

    The policy which aims to promote the production and consumption of locally made goods has been met with mixed reactions from manufacturers.

    Some are supportive of the policy believing it will boost the countrys economy and create job opportunities while others are concerned about the potential impact on their businesses.

    As the government works to implement the policy manufacturers are keeping a close eye on any developments and advocating for their interests to be taken into consideration.

News Image

ExxonMobil one of the worlds largest oil companies has announced plans to invest $1.5 billion in deepwater exploration following its recent divestment from onshore operations. The company sold off its onshore assets in Nigeria worth over $1 billion to focus on more profitable deepwater projects. This decision is part of ExxonMobils strategy to shift towards higher-margin investments and increase its overall production. The company has already made significant deepwater discoveries in the region and plans to continue exploring for new reserves. This move is expected to have a positive impact on Nigerias economy and the global oil market as ExxonMobil remains a major player in the industry.

  • ExxonMobil one of the worlds largest oil companies has announced plans to invest $1.

    5 billion in deepwater exploration following its recent divestment from onshore operations.

    The company sold off its onshore assets in Nigeria worth over $1 billion to focus on more profitable deepwater projects.

    This decision is part of ExxonMobils strategy to shift towards higher-margin investments and increase its overall production.

    The company has already made significant deepwater discoveries in the region and plans to continue exploring for new reserves.

    This move is expected to have a positive impact on Nigerias economy and the global oil market as ExxonMobil remains a major player in the industry.

News Image

The Nigerian naira has weakened to N160.8 against the US dollar representing a 0.1% decrease in value. This is the first time in over three months that the naira has fallen below the N160 mark. The Central Bank of Nigeria (CBN) has attributed this decline to the drop in oil prices and the impact of the COVID-19 pandemic on the global economy. The CBN has also stated that it will continue to intervene in the foreign exchange market in order to stabilize the naira. The weakening of the naira could have negative effects on the Nigerian economy and the purchasing power of its citizens.

  • The Nigerian naira has weakened to N160.

    8 against the US dollar representing a 0.

    1% decrease in value.

    This is the first time in over three months that the naira has fallen below the N160 mark.

    The Central Bank of Nigeria (CBN) has attributed this decline to the drop in oil prices and the impact of the COVID-19 pandemic on the global economy.

    The CBN has also stated that it will continue to intervene in the foreign exchange market in order to stabilize the naira.

    The weakening of the naira could have negative effects on the Nigerian economy and the purchasing power of its citizens.

News Image

The biggest tech conference in Nigeria has started in Enugu bringing together entrepreneurs investors and tech enthusiasts from all over the country. The event aims to showcase the potential of the Nigerian tech industry and provide a platform for networking and collaboration. The conference will feature panel discussions workshops and exhibitions covering topics such as digital innovation e-commerce and artificial intelligence. It also aims to promote the growth of the tech ecosystem in Nigeria and attract more investment opportunities. With the countrys increasing focus on technology and innovation this conference serves as a crucial platform for the development of the Nigerian tech industry.

  • The biggest tech conference in Nigeria has started in Enugu bringing together entrepreneurs investors and tech enthusiasts from all over the country.

    The event aims to showcase the potential of the Nigerian tech industry and provide a platform for networking and collaboration.

    The conference will feature panel discussions workshops and exhibitions covering topics such as digital innovation e-commerce and artificial intelligence.

    It also aims to promote the growth of the tech ecosystem in Nigeria and attract more investment opportunities.

    With the countrys increasing focus on technology and innovation this conference serves as a crucial platform for the development of the Nigerian tech industry.