Economy

Nigerian government plans to improve internet access in underprivileged areas.

Nigerian government plans to improve internet access in underprivileged areas.

Through Nigeria Communications Satellite Limited or NIGCOMSAT, the Nigerian government has launched an initiative to transform underprivileged communities access to dependable and reasonably priced internet services. According to the agency, it has forged a ground-breaking alliance with a few private businesses that specialise in providing rural connectivity solutions. She claims that the strategic partnership intends to transform underprivileged communities across the nation's access to dependable and reasonably priced internet services. Bantam stated that to connect remote and rural areas that have historically lacked access to the internet, NIGCOMSAT and the private entities would combine their respective strengths to deploy state-of-the-art…
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The naira sees its first gain against the dollar in nine days.

The naira sees its first gain against the dollar in nine days.

After nine days of depreciation, the Naira strengthened against the dollar on Friday at the foreign exchange market, capping off a positive week. According to FMDQ data, the Naira strengthened against the dollar on Friday, trading at N1505.30 as opposed to N1510.10 on Thursday. Concerning the N1510.10 exchanged the day before, this signifies a gain of N4.8 against the US dollar. Similarly, on Friday at the foreign exchange market, the Naira saw a gain and traded at N1515 against the US dollar. Since June 18, 2024, when it traded at N1482.72 per dollar on the official forex market, this is…
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Three months of work have found N10bn worth of stolen crude oil – DHQ

Three months of work have found N10bn worth of stolen crude oil – DHQ

The Defence Headquarters says that N10 billion worth of stolen crude oil has been found in the Niger Delta. This is part of the fight against oil theft and vandalism in the area. Maj. Gen. Edward Buba, who is in charge of defence media operations, said this at the DHQ's twice-weekly briefing in Abuja on Thursday. DHQ said that in the North alone, troops have killed 2,245 terrorists in the last three months. Buba said, "During the second quarter of this year, troops killed 2,245 terrorists, arrested 3,682 suspected terrorists and other criminals, freed 1,993 hostages, and stopped the theft…
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Tinubu grants N50,000 to 3.6 million Nigerian families

Tinubu grants N50,000 to 3.6 million Nigerian families

The approval of an uplift grant for 3.6 million Nigerian families has been given by President Bola Tinubu. The National Construction and Household Support Programme will be used to distribute the grant. Each state will receive N50,000 for three months, benefiting roughly 100,000 families. This was verified in a statement by Ajuri Ngelale, the presidential spokesman. The text said, in part, "Furthermore, additional items covered by the National Construction and Household Support Programme comprise: "A one-time N10 billion grant to the states and the Federal Capital Territory for the purchase of buses and the CNG upgrade programme." "Provision of three…
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National Youth Alliance Appoints Mamman Tijjani as Economic Adviser To The National Chairman

National Youth Alliance Appoints Mamman Tijjani as Economic Adviser To The National Chairman

The National Youth Alliance has announced the appointment of seasoned economist, Mamman Tijjani, as Economic Adviser to the National Chairman/Youth President. The appointment was announced by Hon. Jacob Dickson, Special Adviser to the NYA National Chairman, on Sunday. Mamman Tijjani, a lecturer in the Department of Economics at Federal University Lafia, Nasarawa state, brings a wealth of knowledge and experience to the role. He holds a Master's degree in Economics from Ahmadu Bello University, Zaria, and a Bachelor's degree in Economics from the University of Maiduguri. He is currently pursuing his Ph.D. in Economics at Bayero University, Kano. Tijjani has…
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