Tag: Nigeria
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Nigeria approves new minimum wage amid economic turbulence and labor unrest
“President Bola Tinubu has approved a 70,000 naira minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years,” Senior Presidential Aide Bayo Onanuga announced on X. The compromise was reached during negotiations between the government and the country’s largest labor unions, the Nigerian Labour Congress (NLC) and…
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Nigeria fines Meta $220 million for violating consumer, data laws
Nigeria fined Meta Platforms $220 million after investigations showed data-sharing on its Facebook and WhatsApp platforms violated local consumer, data protection and privacy laws, the head of the country’s competition watchdog, Adama Abdullahi, said on Friday. Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) said Meta appropriated the data of Nigerian users on its platforms…
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BRICS geological platform could strengthen African countries’ sovereignty over their natural resources, Nigerian rector says
Speaking to Sputnik Africa on the sidelines of a recent roundtable in Moscow focused on BRICS geological cooperation, Prof. Paul Omaji, Rector of the Admiralty University of Nigeria, highlighted the importance of Russia’s recent agreement with a number of African countries, including Nigeria, to assist in mineral resource development. “We are glad that Russia is…
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Nigeria Lost $46 Billion in Revenue to Oil Theft Over 12 Years
Nigeria lost 619.7 million barrels of oil valued at $46.16 billion over 12 years due to oil theft, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). Additionally, $1.84 billion worth of petroleum products were lost from refineries over the nine years between 2009 and 2018. Within this period, the country lost 4.2 billion liters…
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Interpol arrests 300 people in a global crackdown on West African crime groups
In a global operation targeting West African organized crime groups across five continents, police arrested 300 people, seized $3 million and blocked 720 bank accounts, Interpol said Tuesday. Operation Jackal III, which ran from 10 April to 3 July in 21 countries, aimed to fight online financial fraud and the West African syndicates behind it,…
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NIGERIANS TO PAY N688,000 DOCUMENT VERIFICATION FEE AS CONDITION FOR UAE VISA
Travellers from Nigeria heading to the United Arab Emirates (UAE) must now pay a non-refundable document verification fee of N688,000. Paying the document verification fee is a requirement set by the Arab country to lift the visa ban on Nigerians. The Minister of Information and National Orientation, Mohammed Idris, declared on Monday that the ban…
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Africa’s richest man says he doesn’t own a home outside Nigeria
Africa’s richest man, Aliko Dangote, has shocked many Nigerians after saying he doesn’t own a house outside the country. Mr Dangote said he had two houses – in his home town of Kano, and Lagos – and lived in a rented apartment whenever he visits the capital, Abuja. He was listed by Forbes magazine in…
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South Africa Games Revenue Hit $360 Million in 2024
In a recent African Games Industry report, it was announced that consumer spending in South Africa reached $360 million in 2024. The biggest market in South Africa, with 26 million gamers, is made up of mobile gaming, followed by PC gamers (7.2 million) and console gamers (6.3 million). Previously, from 2017 to 2019, gaming revenue…
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Africa’s Farming Superpower: A Closer Look at Nigeria
Africa, with its diverse ecosystems and abundant natural resources, holds immense agricultural potential. Among its many nations, Nigeria stands out as a burgeoning farming superpower. The West African country is leveraging its vast arable land, favorable climate, and strategic initiatives to emerge as a key player in the continent’s agricultural landscape. Agricultural Potential and Resources…
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MASTERCARD FOUNDATION HOSTS FIRST EDTECH CONFERENCE IN NIGERIA
The Mastercard Foundation is organizing its first EdTech Conference from July 8 to 10, 2024, through its Centre for Innovative Teaching and Learning. This event will occur every two years and is being held in collaboration with the Federal Government of Nigeria at the Hilton Transcorp in Abuja, Nigeria. The 2024 Mastercard Foundation EdTech Conference…
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