The Nigerian Federal Ministry of Education has announced new tenure limits for Provosts at Federal Colleges of Education. A single, non-renewable five-year term is established to ensure leadership stability and clear succession plans.
The Nigerian government announced significant progress in its national vaccination program and healthcare infrastructure development. Health Minister Prof. Ali Pate, during a ministerial briefing, highlighted achievements in vaccinating children against diphtheria, measles, and cervical cancer.
A video circulating on social media offers a glimpse into a lavish suite at the Delborough Hotel in Lagos, Nigeria, claimed to be the "most advanced hotel room" in West Africa. The room features a blend of cutting-edge technology and opulent comfort.
The World Bank has taken decisive action against corruption by blacklisting 58 Nigerian companies and individuals implicated in fraudulent practices. This move underscores the global commitment to combatting corruption and promoting transparency in financial transactions.
Nigerian lawmakers have reaffirmed their support for the controversial cybercrime levy, insisting it applies only to businesses that profit from cyberspace activities. This move follows public confusion surrounding the levy's implementation.
Nigeria's oil production edged slightly higher in April 2024, offering a glimmer of hope for the nation's economic prospects. However, this increase falls short of government targets, highlighting persistent challenges that continue to plague the oil sector.
Nigeria and China are collaborating to bridge the trade gap and enhance agricultural exports, signaling new opportunities for economic growth and development in both countries.
Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.
Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.