The Enugu State Government, in partnership with Chinese firm Haier Factory, has launched a digital training programme for secondary school students across the state. The programme aims to equip students with practical technological skills for self-reliance and entrepreneurship after graduation. Tagged “Enugu-Haier Joint School-Enterprise Cooperation Training Programme (JSECT-P)”, the initiative was organised by the State Ministry of Education in collaboration with Haier Factory on Tuesday in Enugu. Speaking at the event, the State Commissioner for Education, Prof. Ndubueze Mbah, represented by the Permanent Secretary, Mrs Nkechi Ewoh, said the programme is part of the state government’s broader reforms to transform…
Author: Newsdesk
Governor Babajide Sanwo-Olu has said Lagos has strengthened its position as Africa’s digital economy hub through deliberate investments in technology and enabling infrastructure. Sanwo-Olu spoke during the inauguration of the Kasi Cloud Hyperscale Data Centre Campus in Lekki on Tuesday. He described the facility as a major contribution to Nigeria’s digital infrastructure and economic transformation. The governor urged foreign investors and development partners to take advantage of Lagos’ investment-friendly environment and support infrastructure projects in the state. “Lagos is open for infrastructure investment, and we honour the commitments we make. If you are building cloud infrastructure, Lagos wants to work…
Experts have recommended practical biotechnological preservation methods that can be adapted to existing rural infrastructure to reduce post-harvest losses in Nigeria. They made the call during interviews with reporters on Tuesday in Abuja. Prof. Charles Adetunji, a biotechnologist, identified bio-preservation as Nigeria’s most viable immediate solution because it requires limited electricity and affordable local materials. Bio-preservation uses beneficial microorganisms and natural compounds to delay spoilage in fruits, vegetables, and grains, which are commonly wasted after harvest. Adetunji said farmers could adopt microbial coatings and bio-based preservatives without needing sophisticated machinery that is unavailable in many rural communities. According to him,…
Former Minister of Communications and Digital Economy, Isa Ali Pantami has withdrawn from the All Progressives Congress (APC) governorship primary election in Gombe State, alleging violations of the Electoral Act 2026 and a lack of transparency in the conduct of the exercise. Pantami announced his withdrawal on Tuesday through a statement issued by Barrister Ibrahim M. Attahir on behalf of the Pantamiyya Movement. According to the statement, the former minister decided to pull out of the governorship race scheduled for May 21, 2026, after what he described as persistent failures by the party to provide critical information required for a…
The Securities and Exchange Commission (SEC) has announced that the transition to a T+1 settlement cycle for equities and commodities transactions will take effect from June 1, 2026. The trade settlement cycle is the period between the execution of a trade and the final transfer of securities to the buyer and cash to the seller. Under the new T+1 cycle, settlement will occur one business day after the trade date. The commission said the move is part of its ongoing market modernisation initiatives aimed at promoting an efficient, fair, and transparent capital market. According to SEC, the shift to T+1…
The Debt Management Office (DMO) has raised about N614.5 billion from the Federal Government’s May 2026 bond auction, following strong investor participation across two reopened instruments. According to the auction results released after the exercise held on May 18, 2026, the Federal Government offered two bonds — the 22.60% FGN January 2035 and the 16.2499% FGN April 2037 — each with an initial offer size of N300 billion. Settlement is scheduled for May 20, 2026. Investor demand was skewed in favour of the longer-dated April 2037 bond, which attracted higher subscriptions, including significant non-competitive bids, resulting in a larger allotment…
Africa’s first Institute of Sports Management and Development Studies (ISMDS) has been approved by the Nigerian government, marking a major step toward professionalising sports administration and unlocking economic opportunities across the continent, founders say.
Analysts have projected that the Central Bank of Nigeria (CBN) will likely retain the 26.5% Monetary Policy Rate (MPR) at its next Monetary Policy Committee (MPC) meeting scheduled for Tuesday and Wednesday in Abuja. The expectations were shared during Nairametrics’ Drinks and Mics podcast, where market analysts pointed to persistent inflationary pressures, exchange rate concerns, and global geopolitical risks as key reasons the apex bank may maintain its current policy stance. The CBN is expected to review inflation trends, liquidity conditions, exchange rate stability, and broader macroeconomic developments at its 305th MPC meeting. What analysts are saying Analysts at the discussion argued…
The Central Bank of Nigeria is expected to maintain or raise its benchmark Monetary Policy Rate (MPR) at its upcoming Monetary Policy Committee (MPC) meeting, following its 50-basis-point rate cut to 26.5% in February 2026. The February decision was supported by easing inflation, exchange rate stability, stronger external reserves, and improving macroeconomic conditions. However, since then, external developments, particularly renewed tensions in the Middle East, have introduced fresh inflationary and external sector risks. These shifting conditions are likely to make the MPC more cautious, favouring a pause or modest tightening to assess the direction of key economic indicators before considering further easing. Reasons MPR may be held or raised 1. Inflation has resumed…
Some experts have expressed concern that China’s zero-tariff regime on exports from Africa could encourage the export of unprocessed minerals and undermine Nigeria’s value addition policy. The experts spoke to reporters on Tuesday in Abuja. Ashenews reports that the zero-tariff policy, which took effect from May 1, aims to create new export and industrialisation opportunities for Africa amid rising global protectionism. Under the new arrangement, China has extended zero-tariff treatment to all 53 African countries with which it has diplomatic relations. Prior to this, it had already removed tariffs on 100 per cent of tariff lines for 33 Least Developed…