Akpabio’s retort at Herbert Wigwe’s funeral service did not sit well with many, drawing criticism on social media platforms. In the aftermath of the funeral service for the late Access Bank CEO, Herbert Wigwe, the President of the Senate, Godswill Akpabio, found himself under intense scrutiny and criticism for his comments at the solemn occasion. A viral video shared on X (Twitter) captured the Governor of Rivers State, Siminalayo Fubara, urging the political class to...
“The global average for female representation in engineering is 28 per cent. In Nigeria, it is only five per cent, only one in 20 Nigerian engineers is a woman.” The National Agency for Science and Engineering Infrastructure (NASENI) through collaboration with the Presidential Implementation Committee on Technology Transfer (PICTT) has unveiled an initiative supporting Female Engineers to succeed in Engineering and Technology-Based Enterprises The Executive Vice Chairman/Chief Executive Officer (EVC/CEO) of the National Agency for...
Cyprian was expelled from the University of Abuja on grounds of an alleged plan to protest against the proposed fees hike. The Senate has urged the Vice Chancellor of the University of Abuja to reinstate Igwe Chukwuemeka Cyprian as a bona-fide student of the University. This is as it mandated the University to restore his access to the students portal and recommend him for mobilisation of the NYSC programme, having received an apology letter from...
Notably, 79% of the bids, equivalent to US$530 million, came from foreign investors, highlighting the global interest in Nigeria’s financial instruments. In a significant move towards enhancing liquidity management, the Central Bank of Nigeria (CBN) concluded a successful sale of government securities on Friday, March 1, 2024. The apex bank issued a N1.053 Trillion (approximately US$680 million) in short-term instruments as part of its strategic monetary measures. The Open Market Operations (OMO) auction, where the...
The current fiscal policy and debt servicing mechanisms need serious and urgent attention and inclusion to boost the steps taken by the MPC. Fiscal reforms have been a recurring call by many experts and stakeholders, as the ripple effects of the nation’s fiscal policy are becoming evident in the socioeconomic challenges being witnessed. In a recent development, the Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), to stimulate growth, took steps to...
The decision by CBN to raise the Monetary Policy Rate (MPR) marked a substantial adjustment aimed at addressing the persistent inflationary challenges faced by the country. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 per cent from 18.75 per cent. In a pivotal move, the Apex Bank announced a significant shift in its monetary policy during the...
The Committee on an oversight function visit to NASENI expressed satisfaction while being conducted around some of its products and facilities. The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer. The Chairman, Senate Committee on NASENI Senator Ezenwa Francis Onyewuchi (LP, Imo East) who led other members of the Committee...
He said for state police to work effectively and independently it will require state legislation that is independent, vibrant and can ultimately stand its ground. Nigerians are persistently yearning for the reformation of the police force which will assist the security outfit in effectively discharging their primary responsibility of protecting the lives and property of Nigerian citizens. This was revealed by Oke Epia, Executive Director, OrderPaper, a guest on the Morning Show at Arise TV...
The foreign debt may rise if requests for loans by the Federal Government are approved by the National Assembly with little or nothing to show as to what the loans were used for. The Civil Society Legislative Advocacy Centre (CISLAC) and other Civil Society (CSO) groups have called on the National Assembly to address Nigeria’s revenue shortfalls and tackle the current hardship in the country through urgent legislative measures. The group comprising of the CISLAC...
There has been several backlash from Nigerians against the calls to regulate social media. Social media censorship has become a recurring trend in today’s globalised world, given the fact that some online platforms have become serious tools for the perpetration of multiple forms of vices, however, it is impossible to outline the importance of access to information on the Internet and social media, as it also provides young people with a range of benefits and...
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