Author: Ifetayo Adeniyi

Export-Import Bank of US and Nigerian Export-Import Bank Sign MoU to Enhance Economic Cooperation, Expand Trade Ties Export-Import Bank of US and Nigerian Export-Import Bank Sign MoU to Enhance Economic Cooperation, Expand Trade Ties The Export-Import Bank of the United States (EXIM) has signed a memorandum of understanding (MOU) with the Nigerian Export-Import Bank (NEXIM) that will deepen collaboration and trade ties between the United States and Nigeria. The agreement was signed by Exim President and Chair, Reta Jo Lewis, on behalf of Export Import Bank of United states, while Abba Bello, Managing Director/ Chief Executive of NEXIM signed on…

UNILAG ready to Introduce Post-Graduate Programmes in Digital Humanities UNILAG ready to Introduce Post-Graduate Programmes in Digital Humanities The University of Lagos (UNILAG) is set to introduce Post-graduate Diploma (PGD), Master of Philosophy (M.Phil.), and Doctor of Philosophy (PhD) programmes in Digital Humanities. The initiative, spearheaded by the university’s Centre for Digital Humanities (CEDHUL) under the leadership of Prof. Babatunde Ope-Davies, has been approved by the UNILAG’s School of Postgraduate Studies (SPGS) and is expected to take off in the next academic session. Founder and Director of CEDHUL, Professor Ope-Davies, disclosed this in an interview while describing the field…

Cardoso Launches Initiatives to Enhance Payment Approval Processes Mr. Olayemi Cardoso Cardoso Launches Initiatives to Enhance Payment Approval Processes Cardoso Launches Initiatives to Enhance Payment Approval Processes Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has unveiled two transformative initiatives aimed at improving payment turnaround time and streamlining document approval processes. The launch of the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution on Wednesday, marked a continuation of the bank’s digital revolution project tagged, “Digital First” which was flagged-off by the governor in December 2023 as one of his transformation…

As planned, Tinubu govt will deliver Abuja-Kano expressway in 14 months – Mohammed President Bola Tinubu As planned, Tinubu govt will deliver Abuja-Kano expressway in 14 months – Mohammed The Minister of Information and National Orientation, Mohammed Idris said President Bola Tinubu is committed to the swift completion of the Abuja-Kano Expressway. Idris, made this statement on Thursday evening in Tafa, Niger State, during an inspection visit to the project site. He was accompanied by the Minister of Works, Senator Dave Umahi; the Chairman of the Senate Committee on Works, Senator Mpigi Barinada; the Chairman of the House Committee on…

Call rates rise from N11/min to N18/min under new tariff – Tijani Call rates rise from N11/min to N18/min under new tariff – Tijani Nigeria’s telecommunications sector is bracing for a significant price adjustment, as Communications Minister Bosun Tijani announces a potential 30-60% increase in service rates, rejecting the 100% hike requested by telecom operators. Speaking during an interview monitored by Apples Bite Magazine, Tijani emphasized that the more modest increase aims to balance industry sustainability with consumer welfare. Under a maximum 60% increase scenario, call rates would rise from N11 to N18.33 per minute, SMS charges from N4 to…

For effective delivery, NUC asks for review of Establishment Act National Universities Commission NUC) For effective delivery, NUC asks for review of Establishment Act The Executive Secretary, National Universities Commission (NUC), Prof. Abdullahi Ribadu has urged the National Assembly to help in the review of the act establishing the Commission for it to perform its duties efficiently. Speaking yesterday in Abuja during the Commission’s 2025 budget before the Senate Committee on Tertiary Institutions and TetFund chaired by Senator Muntari Dandutse, APC, Katsina, the NUC boss said, “We need to review the act to enable the commission to perform its duties…

FRSC generated N5.9b, including fines of N1.9b in 2024 FRSC Corps Marshall, Shehu Mohammed FRSC generated N5.9b, including fines of N1.9b in 2024 FRSC generated N5.9b, including fines of N1.9b in 2024. The Federal Road Safety Corps has provided detailed clarification on its 2024 revenue performance, disclosing that N1.9 billion of the total N5.9 billion generated came from fines for traffic violations. The explanation was given by the Corps Marshal, Shehu Mohammed, during his presentation to the House of Representatives Committee on the FRSC on Thursday. In a statement signed by the FRSC spokesperson, Olusegun Ogungbemide, Mohammed addressed questions concerning…

Lagos will add six new trains to boost rail transport system Lagos will add six new trains to boost rail transport system The Lagos Metropolitan Area Transport Authority has disclosed that six new trains will be added to the Lagos rail system following successful safety tests in China. LAMATA made this known through a statement posted on its X handle on Thursday. According to the statement, the trains will operate on both the Blue and Red Lines of the Lagos Rail Mass Transit system. The Blue Rail which started operations in September 2023 under current administration in the state, operates…

International market force, a determinant of petrol prices in Nigeria Heineken Lokpobiri International market force, a determinant of petrol prices in Nigeria The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has reiterated that the price of crude oil in the international market remains a major force in driving the fluctuations in the pump price of petrol, highlighting its influence as a major factor behind the varying cost of fuel nationwide. He said the downstream sector is now fully deregulated with the government no longer involved in setting prices. The minister said these at the inaugural meeting of the Petroleum…

Governor Bago stops payment of PTA levy in public schools Governor Mohammed Bago of Niger State Governor Bago stops payment of PTA levy in public schools Niger State Governor, Mohammed Bago, has abolished the payment of Parents Teachers Association fees for pupils in public primary and secondary schools across the state. The governor directed all school authorities to comply with the new policy, warning that any defaulter would face strict sanctions. Bago disclosed this on Thursday during an official visit to Sarkin Pawa in Munya Local Government Area as part of his inspection of ongoing projects in the area. He…