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Showing posts from January, 2025

International trade: Trump eyes Nigeria’s lithium industry

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  There  are strong indications that United States President, Donald Trump, may be setting his sights on Nigeria’s burgeoning lithium industry, a sector increasingly recognised as a cornerstone of the global energy transition. Despite his historically indifferent stance on trade with Africa, Trump’s potential interest in Nigeria’s lithium reserves suggests a strategic recalibration driven by the surging global demand for critical minerals. Lithium, a key component in electric vehicle batteries, renewable energy storage and advanced technology, has become a geopolitical asset, with major economies scrambling to secure stable supply chains. However, recent executive orders signed by Trump have notably excluded Africa from his list of trade priorities, raising questions about the seriousness of any prospective engagement. While China continues to dominate the global lithium market, the U.S. has been seeking alternative sources to reduce dependency, and Nigeria, home to some of th...

900 winners emerge in FCMB millionaire promo

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  First  City Monument Bank (FCMB) is making dreams come true with its Millionaire Promo Season 10. The first draw, held nationwide on January 15, 2025, saw four lucky customers walk away with N1 million each, while 900 others received cash prizes up to N50,000. The new millionaires are Issa Aliyu, a farmer from Ilorin, Kwara State; Anthony Ngiah, a businessman from Owerri, Imo State; Aisha Muhammad, an entrepreneur from Kaduna State; and Prosper Chigbu, another businessman from Lagos. Aliyu plans to invest his winnings back into his business. “This bank doesn’t just talk about helping people; they do it. Winning this money is a real blessing, and I will use it to grow my farm,” he disclosed with excitement. “It will make a real difference.” Ngiah echoed the sentiment: “Winning the Millionaire Promo is amazing. FCMB has been a great bank to me, and I can’t wait to enjoy every other benefit they offer. I’m excited and cannot wait to see the future of my relationship with the ba...

GLMC inks 31 deals to train, employ youth

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  The Global Labour Market Conference (GLMC) 2025 kicked off its second edition in Riyadh with a flurry of activity, highlighted by the signing of 31 agreements and Memoranda of Understanding (MoUs) aimed at boosting training and employment opportunities. The agreements, signed on the first day of the conference, will pave the way for thousands of new jobs and training programmes across various sectors. The initiatives encompass a wide range of development and training programmes, educational initiatives, leadership preparation, and knowledge-sharing collaborations. Focus areas include qualifying diverse segments of society, including new graduates, women, and people with disabilities, for suitable employment through specialised training. The agreements also emphasise enhancing operational efficiency, fostering innovation, and driving value creation, all in line with Saudi Vision 2030. Key entities involved in these agreements include the Ministry of Human Resources and Social Deve...

ALTON commends Lagos on telecom mast, tower enumeration project

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  Telecom operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) have expressed their support for the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA)’s commencement of the enumeration of communication towers and masts across the state. In a statement released on Tuesday, 28th January, 2025, ALTON emphasized the importance of this initiative, stating that it will address public safety concerns raised by the Lagos State Government regarding abandoned communication towers. “This project is vital for addressing public safety concerns raised by the Lagos State Government regarding abandoned communication towers and will deliver significant benefits to our industry and the broader public,” the statement read. The Lagos City Mast and Tower Enumeration Project aims to create a comprehensive database of all communication towers within the state. “While many towers are owned by non-telecommunication entities, such as br...

FG launches tech initiative to train 10,000 Nigerian youths

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  The Ministry of Innovation, Science and Technology, in partnership with Humanity Advancement Innovation Network (HAIN), has launched an innovative initiative to unlock the immense potential of Nigeria’s youth. The Minister, Chief Uche Nnaji, while signing the Memorandum of Understanding in Abuja, said the partnership represents a significant milestone in the journey to foster a thriving innovation ecosystem across Nigeria. He added that the partnership aligns perfectly with President Bola Ahmed Tinubu’s Renewed Hope Agenda, particularly in the areas of job creation, economic diversification, and inclusive development. According to the minister, the Innovative Science and Technology Programme (ISTEP) will train and certify 10,000 innovators across 200 local government areas in the next two years. “It will be establishing 2,500 youth-led innovative enterprises to drive economic growth and competitiveness,” he added. “Also, developing six Innovation Academies and three iSTECH City H...

FIRS targets N25.2trn revenue for 2025

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  The Federal Inland Revenue Service (FIRS) has set a revenue collection target of N25.2 trillion for the year 2025. FIRS unveiled the figure in Abuja on Thursday at its management retreat titled: “Building a High-Performing FIRS: Elevating Performance Through Collaboration and Innovation.” The Service set a revenue target of N19.4 trillion for 2024 but exceeded expectations by generating N21.6 trillion. Speaking on the achievement, the Executive Chairman of FIRS, Zaccheus Adedeji, attributed the success to the resilience and commitment of FIRS staff, as well as the leadership provided by its management and researchers. Adedeji described FIRS not just as a revenue authority but as a key pillar of Nigeria’s economic stability. Building on the 2024 success, the FIRS boss said the Service, in 2025, will focus on long-term resilience, operational excellence, and transformation into a globally recognised revenue authority. He explained that the organisation’s strategic roadmap will be a...

Court grants Sowore N10m bail in alleged cybercrime case

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  The Abuja Division of the Federal High Court has granted human rights activist and politician Omoyele Sowore bail in the sum of N10 million, with one surety in like sum. Justice Musa Liman handed down the ruling after dismissing objections raised by the police against the bail application. Sowore was arraigned before the court by the Inspector General of Police, Kayode Egbetokun, on 16 counts bordering on alleged cybercrime offences. The judge, however, attached several conditions to the bail, including the requirement to deposit his international passport with the court. Justice Liman ruled that the police failed to prove how Sowore could intimidate high-ranking police officers who would testify in the case. He further stated that the prosecution did not establish any link between Sowore and the purported cronies. The judge concluded that the bail applicant deserves his personal liberty pending the outcome of the trial. “If the applicant desires to jump bail, it is to his own pe...

PICTORIAL: Sowore joins ‘Egbetokun Must Go’ protesters at Abuja court

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  Former presidential candidate and activist, Omoyele Sowore, was on Thursday spotted among protesters at the front of the Federal High Court in Abuja. PUNCH Online  reports  that Justice Musa Suleiman Liman of the Federal High Court in Abuja granted Sowore bail in the amount of N10 million with one surety of the same amount. Sowore was reportedly ordered to also deposit his international passport with the court and was given 24 hours to meet the bail conditions or be remanded in police custody. In a post on Facebook, Sowore commented about the bail, saying, “They granted the ‘bail,’ but I am not going to be bailed out by a corrupt civil servant at level 17 or 16; they got the memo and took the condition off their table. Even then, they still targeted my international passport, but that too they will never have!” The accompanying pictures and videos showed that Sowore briefly joined the demonstrators, singing and holding an “Egbetokun Must Go” placard, before leaving. LEA...

Nigerian politicians in office to kill, steal, remain in power -Amaechi

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  A former Minister of Transport, Rotimi Amaechi, has declared that Nigerian politicians are in power to steal, kill, and retain power. Amaechi made this remark at the National Conference on Strengthening Democracy in Nigeria held earlier this week, aimed at discussing pathways to good governance and political integrity in Nigeria. While speaking at the event , Amaechi said, “All we hear here is typical Nigeria, and you’re clapping. That’s why politicians get away with anything. They get away with murder because you have a short memory. None of you here can defend the votes. You have complained; Nigerians have been clapping for you.” Amaechi further made a direct reference to President Bola Tinubu, suggesting that the current political climate would remain unchanged, adding that many Nigerians tend to forget history. He said, “Before the election of the last president, a lot of us were called to intervene. Why did they do that? The people were ready to die. You’re talking and abusi...

Ex-NHIS boss to remain in EFCC custody as court adjourns trial

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The Federal Capital Territory High Court, Kuje, has deferred the arraignment of former Executive Secretary of the National Health Insurance Scheme, Prof. Usman Yusuf, to Monday, February 3, 2025. Yusuf, who was arrested by the Economic and Financial Crimes Commission on Wednesday, January 29, 2025, was brought before Justice Chinyere E. Nwecheonwu on Thursday for his scheduled arraignment on allegations of fraud. However, the court adjourned the case to allow for amendment of charges. An EFCC statement on Thursday revealed this. During the brief session, defense counsel, Isah Dokto Haruna, who held brief for lead counsel O.I. Habeeb, SAN, sought bail for the defendant, but the judge declined the request due to the postponed arraignment. “In the absence of a formal arraignment, bail at this stage is premature,” Justice Nwecheonwu ruled, ordering that Yusuf remain in EFCC custody until his next court appearance. The case is set to resume on February 3, 2025, when the former NHIS boss wil...

Burkina Faso finally leave ECOWAS, now has new passport

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 BURKINA FASO 🇧🇫  President of Burkina Faso Faso, Captain Ibrahim TRAORÉ, successfully completed his biometric enrollment and received his passport from the Confederation of Sahel States (AES), which has officially takes effect . In the presence of technical staff, the President followed each step of the AES passport registration process. Shortly after, the Minister of Security, Divisional Police Commissioner Mahamoudou SANA, handed the passport to the President. The enrollment of the Head of State marks the official launch of the AES passport process in Burkina Faso, signaling the beginning of its circulation across all three member states. #fypシ゚viralシ2024fyp #freedom LEARN HOW TO DESIGN SIMPLE WEB PAGES & SALES SYSTEMS, without Writing a Single Line of code in Less Than 3 Weeks Acquire This Skill & Land Your First International or Local Gig with,  the Potential of Earning Up to $1,000 in Your First Month GUARANTEED!  And Watch Clients Rush you with Money...