Month: December 2024

The Central Bank of Nigeria, CBN, has explained the introduction of a N100,000 daily withdrawal limit on point-of-sales, PoS, terminals as part of efforts to promote a cashless economy. Also, CBN added, the measure will address operational challenges, reduce fraud, and establish uniform standards across the industry. Recall that CBN announced the measure in a…

The Federal Government has unveiled a free Artificial Intelligence, AI, Academy with the aim of positioning Nigeria as a leader in the global digital economy. The Minister of Innovation, Science and Technology, Uche Nnaji, who inaugurated the AI Academy on Thursday in Abuja, said the programme was set up in partnership with the Commonwealth Secretariat…

The federal government has unveiled its strategy to reduce inflation from the current 34 percent in 2024 to a targeted 15 percent by the end of 2025. This was disclosed by a source at the Budget Office of the Federation deeply involved in the 2025 budget preparations. The source identified four key measures embedded in…

Punch Newspaper The Oyo State Police Command says it is investigating the circumstances surrounding the alleged death of 32 children during a stampede at a funfair in Ibadan, the state capital, on Wednesday. PUNCH Metro gathered from multiple eyewitness accounts that the stampede occurred when participants rushed to gain access to the venue of the…

The Cable President Bola Tinubu has presented the N47.9 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity”. Tinubu, while presenting the proposed budget for 2025 to the national assembly on Wednesday, said it is time “we rewrite Nigeria’s narrative together”. He also said the responsibility to change Nigeria’s trajectory belongs to all —…

Daily Trust There is no end in sight yet to the low cash supply by commercial banks as customers face increasing difficulty with cash withdrawal, checks by Daily Trust have shown. There are indications that commercial banks have also limited cash withdrawal on Automated Teller Machine (ATMs) to N20,000 for multiple account holders. Daily Trust…

Punch Newspaper Senior medical practitioners have asked people experiencing chronic back pain to go for a medical examination to ascertain its cause and get proper treatment rather than gulping painkillers that could aggravate their condition. The physicians revealed that having persistent chronic pain could be a sign of serious and life-threatening health conditions, including kidney…

The Best FIFA Football Awards 2024 winners were celebrated on Tuesday in a night of glitz and glamour at the Aspire Academy in Qatar’s Education City. The ceremony celebrated the world’s top football talents, crowning outstanding players, coaches, and teams who shone brightest over the year. Spain’s Aitana Bonmatí claimed the Women’s Player of the…

Vanguard News The Federal Executive Council, FEC, recently announced its decision to rename the University of Abuja, UNIABUJA, after General Yakubu Gowon, Nigeria’s Head of State from 1966 to 1975, in recognition of his contributions to national development. As the proposal awaits approval by the National Assembly, this move rekindles conversations about renaming universities after…

The federal government has unveiled the “Youth Activity Dashboard” to track programmes for young people in the various ministries, departments, and agencies (MDAs) and create opportunities for them. Speaking at the launch of the dashboard at an event in Abuja on Tuesday, Titilope Gbadamosi, special assistant to the president on youth initiatives (monitoring and delivery),…