Author: Editor

Secretary to the Government of the Federation (SGF), Sen. George Akume, emphasized on Thursday the critical importance of transparency and integrity within Tinubu’s Renewed Hope Agenda, highlighting the administration’s commitment to accountability. Akume represented by Director, ICT, Office of the Secretary to the Government of the Federation (OSGF), Wase Francis, said this in Abuja, while declaring open a one-day workshop/presentation of Transparency and Integrity Index Methodology Handbook 2024. The event was jointly organized by the Bureau of Public Service Reforms (BPSR) and the Centre for Fiscal Transparency and Integrity Watch (CeFTIW). Akume said that transparency and integrity were the keys…

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President Bola Tinubu has approved three frameworks towards boosting the educational sector of the country. The framework would comprehensively overhaul the education sector to improve learning and skill development, increase enrolment and ensure the academic security of the nation’s children. Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, made this known in a statement on Thursday in Abuja. He said that the approved policies are captured as DOTS, an acronym for Data Repository, Out-of-School Children Education, Teacher Training & Development, and Skill Development & Acquisition. On data repository, Tinubu approved the conduct of an extensive census…

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The National Bureau of Statistics (NBS) says no fewer than 617,503 individuals were in forced labour in their current jobs in 2022. The NBS disclosed this in its Nigeria Forced Labour Survey Report 2022 released in Abuja on Thursday. The bureau said forced labour as described in the International Labour Organisation (ILO) Forced Labour Convention, 1930 (No. 29), referred to: “All work or service which is exacted from any person under the menace of any penalty and for which the said person has not offered himself voluntarily.” The report said 5.2 out of every 1,000 individuals were in forced labour…

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The World Bank Group has announced plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is according to a statement issued by the President of World Bank, Ajay Banga, on Thursday in Washington D.C. He spoke on the sidelines of the ongoing spring meetings of the group. Banga said that it was part of a larger global effort to provide a basic standard of care through every stage of a person’s life. He said that for decades, the World Bank had helped provide health services for women and children in more than…

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The Federal Government says it will require about N3.2 trillion to subsidise electricity in 2024, if the current tariff increase has to be reversed. The Chairman, Nigeria Electricity Regulatory Commission (NERC), Mr Sanusi Garba, said this at a stakeholders’ meeting organised by the House of Representatives committee on Power in Abuja on Thursday. He said that the investments in the sector was not enough to guarantee steady power supply nationwide. He added that if nothing was done to address foreign exchange fluctuation and non-payment for gas, the sector would collapse. He said that prior to the tariff review, Electricity Distribution…

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The Minister of Health and Social Welfare, Prof. Ali Pate, on Thursday in Abuja, inaugurated a 13-member committee to organise the maiden international charity football against cancer as part of advocacy against cancer prevention. The minister, who was represented by the Director-General, National Institute for Cancer Research and Treatment (NICRAT), Prof. Usman Aliyu, charged the committee to deliver a world-class event. The event, tagged “World Soccer Legends Against Cancer”, is meant to converge Nigerian and world football stars in Nigeria at a yet to be announced date for the football extravaganza. The minister, therefore, charged the committee members to bring…

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Profit-taking in Tier-one banks on Wednesday slightly pulled back the equity market, bringing the All-Share Index down by 0.06 percent. Specifically, the All-Share Index closed at 99,845.91, as against 99,908.89 posted on Wednesday, indicating a loss of 0.06 percent or 63 points. Similarly, the market capitalisation, which opened at N56.504 trillion, declined by N35 billion or 0.06 percent to close at N56.469 trillion. Consequently, the Year-To-Date (YTD) return slipped to 33.53 percent. The bearish performance was triggered by profit-taking in tier-one banks, namely, Guaranty Trust Holding Company (GTCO), FBN Holdings and United Bank Africa (UBA). Others include Access Corporation, Fidelity…

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