Togo’s president has signed a new constitution eliminating presidential elections, his office said late Monday, a move that opponents say will allow him to extend his family’s six-decade rule. Civil society groups in the West African nation have called for protests. Under the new constitution, the president will no longer be elected by popular vote;…
Banks in Nigeria will begin charging a 0.5 percent cybersecurity levy on every electronic transfer made by individuals. These charges will commence in two weeks. The Central Bank of Nigeria, the country’s highest banking authority, issued this directive on Monday. The CBN made the announcement in a circular signed by the Director of Payments System…
The Nigerian Electricity Regulatory Commission (NERC) has given the green light for the upgrade of 60 additional feeders for the Eko Electricity Distribution Company (EKEDC), bringing the total number of upgraded feeders to 134. This decision follows a comprehensive review by NERC of the capacity of the existing feeders to ensure that customers classified under…
The Democratic Republic of Congo (DRC) received a positive review from the International Monetary Fund (IMF) on Wednesday in a crucial step toward completing its first-ever IMF loan program. Following the completion of the sixth and final review in the Congolese capital, Kinshasa, IMF staff are set to recommend to the executive board the approval of the…
The World Bank has said Nigeria’s conditional cash transfer scheme aimed at bolstering household consumption and financial inclusion is largely ineffective. Despite significant investment and efforts by the Nigerian government, the program has shown minimal impact on the lives of its beneficiaries. Launched in collaboration with the World Bank in 2016, the cash transfer initiative…
As the 2024 Joint Admissions and Matriculation Board (JAMB) exams come to a close, many students find themselves at a crossroads, evaluating their options and seeking to optimize their chances of securing admission to their desired institutions. In light of this, the process of changing one’s institution and course has evolved, presenting new challenges and…
Consumer Credit Scheme is an intervention program of the Nigerian federal government aimed at accelerating consumer credit access to 50% of working Nigerians by 2030. This scheme will be managed by a company called the Nigeria Consumer Credit Corporation (CrediCorp), which is owned by the federal government. Ajuri Ngelale, the spokesperson for President Bola Tinubu,…
Days after a train imported from Poland crashed during a test run, the government has stated that the manufacturer will repair the damaged parts within the next three to four weeks. The Railways development minister, John Peter Amewu, explained that only the fenders were damaged, while the electronic and mechanical systems with the engine remained…
A Binance executive who escaped Nigerian custody has been arrested in Kenya and faces extradition to Nigeria this week, according to unnamed Nigerian government sources. Nadeem Anjarwalla, Binance’s regional manager, was detained in Kenya and is set to be extradited. Discussions are ongoing between Nigerian authorities, the International Criminal Police, the Nigeria Police Force, and…
The National Identity Management Commission says Nigerians can now correct their date of birth by themselves. NIMC announced this new update on their social media platforms. The National Identification Number (NIN) is what the Nigerian government uses to establish the identity of every Nigerian. NIN consists of 11 non-intelligible numbers that are randomly chosen and…