Finidi George has emerged as the 41st coach of the Nigerian National Team since the adhoc engagement of John Finch, former Fulham winger in 1949. According to a press release by the NFF, the board of the federation on Monday approved the recommendation of its technical development committee to appoint Finidi George as Head Coach of the Super Eagles. After two matches last March in which Nigeria Super Eagles won one and lost the other, the Nigeria Football Federation Finidi George has been judged as the right man for the vacant Super Eagles job. George who belong to the Nigeria…
Author: Elvis Eromosele
The Joint Admissions and Matriculation Board (JAMB) has released the 2024 Unified Tertiary Matriculation Examination (UTME) results. Ishaq Oloyede, JAMB’s Registrar, announced the release of the UTME results in a press conference held at the board’s headquarters in Bwari on the outskirts of Abuja. According to Oloyede, over 1.94 million candidates registered and sat for the examination in 118 towns and over 700 centres across the country. The examination which began on Friday the 19th of April ended on Monday the 29th of April. Out of the 1,989,668 registered candidates, 80, 810 were absent. A total of 1, 904, 189…
The federal government has announced plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad. Doris Uzoka-Anite, Minister of Industry, Trade and Investment, who disclosed this in a statement on X (formerly Twitter), said the federal government is seeking bids from asset managers to set up the fund. She said the initiative is expected to support critical sectors including infrastructure, health care and education to grow the economy. “The fund is part of broader efforts to strengthen ties between Nigeria and its diaspora, and promote national development. “The fund will be managed by Fund Managers…
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday, disclosed that it has commenced the process for the 2024 oil bid round with 12 oil blocks on offer and seven deep offshore blocks from last year’s bid round. Engr. Gbenga Komolafe, the Commission’s Chief Executive, who disclosed this at the inaugural NEITI House Dialogue in Abuja, said the process will be concluded by January next year. The new green field oil blocks on offer include six acreages located on continental shelf, four deep offshore blocks and two onshore blocks in the Niger Delta. Engr. Komolafe explained that the Commission…
The Lagos State Water Corporation (LWC) has dismissed 391 employees, it termed as ‘redundant’, as part of its ongoing effort to reorganize the company’s structure in the face of financial and operational challenges. The corporation In a circular on last week Thursday said that workforce streamlining was necessary due to ongoing water scarcity in the state, despite significant infrastructure efforts. LWC highlighted that it is grappling with significant financial and operational difficulties, with challenges in generating sufficient revenue to fulfil its obligations. According to the circular, the unreliable water supply has led to a decreasing customer base and falling revenues.…
Godwin Obaseki, the Edo State Governor, has authorized an increase in the minimum wage for workers in the state from N40,000 to N70,000. The announcement was made by the governor while speaking at the commissioning of the newly built ultra-modern Labour House secretariat complex for labour unions in the state, along Temboga Road, Ikpoba-Hill, Benin City on Monday, April 29, 2024. Governor Obaseki said the new minimum wage in the state will take effect from May 1, 2024. This is coming at a time when the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), the Federal Government and other…
The need to leverage financial technology (Fintech) to promote financial inclusion to enhance the well-being of Nigerians and ensure sustainable economic growth took the centre-stage at the maiden Nigeria Fintech & Financial Inclusion Roundtable 2024 organised by Business Journal Media Group in Lagos. Experts at the event with the theme, the ‘Role of Fintech & Financial Inclusion in Citizen Empowerment and Economic Growth’ stated that proper leverage of fintech will enhance the economy of the nation and take Nigerians out of poverty. Delivering the keynote speech at the event, Dr. Agada Apochi, Group Managing Director/CEO, Unified Payment Services Limited, stated that given the…
The Presidency has said it is set to launch about 2,700 Compressed Natural Gas-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. It said the federal government was set to deliver 100 conversion workshops and 60 refuelling sites spread across 18 states before the end of 2024. Bayo Onanuga, Special Adviser to the President on Information and Strategy, revealed this in a statement he signed recently on Sunday titled ‘Presidential CNG initiative set for rollout.’ “From the end of May, Nigeria will take some baby steps to join such nations that already have…
Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of the operators to post losses last year. The telcos’ proposal to raise their tariff came barely 24 hours after MultiChoice, a South African pay television company raised its tariff. Several companies including Discos and brewing companies have also raised their prices in recent times. On Thursday, the telcos, under the aegis of the Association of Licensed Telecom Companies of Nigeria and…
The Central Bank of Nigeria lent a fresh N3.8 trillion in Ways and Means to the federal government in the last six months of 2023. According to CBN data for the fourth quarter of 2023 the total figure rose to N8.2 trillion in December from N4.4 trillion at the end of June 2023. Total Ways and Means balances as of May 2023 when the Tinubu administration took over was N26.95 trillion. However, the balances were securitised as included as part of the federal government’s domestic debt profile. The balance at the end of June 2023 was N4.36 trillion indicating that…