Author: Ifetayo Adeniyi

Instagram decides to help Nigerian creators monetise their contents through a feature Meta Platforms Incorporated, led by former UK Deputy Prime Minister and Meta’s President of Global Affairs, Sir Nick Clegg, has said the platform would introduce a feature on its Instagram app that will allow Nigerian creators to monetise their content.  The feature, which will be unveiled in June 2024, will enable indigenous content creators to earn a living usingthe app. Clegg revealed this when the delegation paid a visit to President Bola Tinubu at the State House in Abuja on Thursday. “We have a lot to do with…

Requesting for Presidential Approval Required as President Tinubu Bans Foreign Trips For Government Officials President Bola Tinubu has banned ministers, heads of agencies, and other government officials from embarking on public funded foreign trips. The ban will last for three months in the first instance and will take effect on April 1, 2024. This was contained in a letter dated March 12, 2024, signed by the Chief of Staff to the president, Femi Gbajabiamila; and addressed to the Secretary to the Government of the Federation, George Akume. In January, Tinubu issued an order to reduce the number of people accompanying…

Benefits of Real estate investment by Nigerian diaspora on the economy Investments made by Nigerians living abroad in the real estate sector have the potential to significantly benefit the Nigerian economy through various channels. These investments play a critical role in driving economic growth, creating job opportunities, improving infrastructure, and addressing housing challenges. Some key ways Nigerian diaspora investment in real estate can contribute to the Nigerian economy include: Foreign direct investment (FDI) from Nigerians living abroad represents a form of capital injection into the Nigerian real estate market. This influx of funds stimulates economic activity, boosts property development, and…

Mo Bimpe narrates her ordeal for marrying Nollywood star, Lateef Adedimeji Mr. and Mrs. Adedimeji Nollywood actress Bimpe Oyebanji Adedimeji aka Mo Bimpe has opened up on some of the challenges she faces being the wife of popular actor Lateef Adedimeji. In a recent podcast, Mo Bimpe said she has been getting trolled daily since she married her husband. Her words: “Since I got married to my husband, the trolls have increased, from one troll to another. In fact, I get trolled on my social media accounts every day since I got married to Lateef Adedimeji.” Mo Bimpe gave an…

Nigeria / Shell relationship as the nation gets most advantage, payout increase Nigeria has regained its position as the biggest recipient of payments from Shell as production entitlement, royalties, taxes and fees to the government in 2023 amounted to $4.92 billion, the highest in four years. The payout to Nigeria increased by 8.85 percent compared to the previous year, representing 16.67 percent of the company’s total payments to 26 countries, new data released by Shell shows. Africa’s largest oil producer lost the top position in 2021, when Norway received the largest amount of about $4.52 billion compared to the $4.48…

Creatives of Nigeria have advantage to learn from the best in America- Lee Satterfield • This initiative aims to strengthen ties between Africa and America The United States has unveiled plans to launch the African Creative Television (ACTV) and the American Music Mentoring Programme to invite Nigerian music creatives, screenwriters, producers, and cinematographers to the United States to train under its best. Lee Satterfield, the Assistant Secretary of the US Bureau of Educational and Cultural Affairs, made the announcement Wednesday during a visit to the University of Lagos. She emphasized that these initiatives underscore a bilateral commitment to “opening doors…

Higher Education Access: Nigerian Senate passes Student Loan Bill The Nigerian Senate on Wednesday passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. The Senate passed a resolution after considering the report of the Senate Committee on Tertiary Institutions and TETFUND that considered the Bill on the floor of the Upper Chamber. Senator Muntari Dandutse, who is the Chairman of the committee that considered the bill, presented the report during plenary. The student loan is part of the implementation of the Access to Higher Education Act, 2023. The Act, popularly known as the Students Loan…

In the list of the happiest people in the world, Nigeria takes 102nd position The happiest is Libya in Africa continent while Nigeria, Africa’s most populous nation ranked 102nd happiest nation in the world out of 143 countries. In its annual report released on Wednesday, the United Nations World Happiness Report showed that Nigeria fell by seven positions last year where it ranked 95th, indicating that more Nigerians are unhappy. Libya at 66th position leads the continent as the happiest nation followed by Mauritius, South Africa, Algeria, Congo, Mozambique and Gabon ranking at 70th, 83rd, 85th, 89th, 90th and 95th…

Lagos State Inland Waterways Authority Receives International Organization for Standardization (ISO) Certificate In a remarkable achievement highlighting its commitment to excellence and safety, the Lagos State Waterways Authority (LASWA) proudly announces the receipt of the prestigious International Organization for Standardization Certificate (ISO 9001: 2015) for Quality Management System. This recognition underscores LASWA’s dedication to upholding world-class standards in maritime operations and safety within the region. The International Organization for Standardization Certificate testifies to LASWA’s unwavering pursuit of excellence in managing and regulating water transportation across Lagos State’s inland waterways. This certification, awarded by a reputable international body, validates LASWA’s adherence…

CBN Clears Backlog of All FX As External Reserve Hits $34.11bn CBN governor, Yemi Cardoso Nigeria’s bank of banks popularly known as Central Bank of Nigeria (CBN), on Wednesday, announced it has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. The apex bank said the development fulfills a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy. This was made known in statement on Wednesday by CBN’s Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, confirming the settlement of all valid FX backlog claims. Ali said the…