NewsReports

International Technology Security and Innovation Fund (ITSI Fund) appropriated under the United States CHIPS Act of 2022 provides the Department of State with $500 million ($100 million per year over five years, starting in Fiscal Year 2023).  According to the United States Department of State, this funding is available to the Secretary of State to provide for semiconductor supply chain …

The Federal Government has approved three categories of fees by Nigerians for verification of their National Identity Numbers (NIN) for speedy procession of their passports.  The new arrangement, which would take effect from April 1, was in furtherance of the directive by the government to streamline passport application, renewal and issuance processes.  Nigerians seeking to obtain such verification at home would henceforth …

• CBN has no reason not to obey Supreme Court on naira redesign policy• CBN releases cash to banks as rationing intensifies• Obey Supreme Court judgment, NBA urges FG, CBN• Middle Belt Forum, Kogi urge action on S’Court ruling Ten days after Supreme Court ruling directing continued use of old N500 and N1,000 notes till December 31, 2023, the Presidency, …

The Nigeria Labour Congress (NLC) has issued a seven-day ultimatum to the Nigerian government to end the current Naira and fuel scarcity in the country. The union’s position is contained in a communiqué issued and jointly signed by its president, Joe Ajaero, and its General Secretary, Emmanuel Ugboaja, on Tuesday. The communiqué was issued at the end of the congress’ Central Working …

The joint Admissions and Matriculations Board (JAMB) has postponed the 2023 Unified Tertiary Matriculation Examination (UTME) mock to March 30. It was originally scheduled for this Thursday. JAMB spokesman, Fabian Benjamin, in a statement, yesterday, explained: “The shift in date is partly owing to the change in the date for the gubernatorial and state Houses of Assembly elections earlier scheduled …

Twenty-four women are contesting in Saturday’s governorship elections being conducted in 28 states by the Independent National Electoral Commission (INEC). Eighteen parties are presenting candidates for the elections but only two women won the tickets of any of the three major parties, the ruling All Progressives Congress (APC), the main opposition Peoples Democratic Party (PDP) and the new sensation, Labour Party. The low number …

President-Elect, Bola Ahmed Tinubu, has declared that he does not have preferred candidates for incoming leadership of the 10th National Assembly. He made declaration yesterday in Abuja, while addressing new members-elect at a meeting, organised by the All Progressives Congress (APC). Also, the ruling party has charged its legislators-elect not to rest yet on their electoral victories, urging them to work …

• Avert national calamity, release documents requested promptly, says Obi’s lead counsel• Obi insists presidential election marred with irregularities, can never be acceptable• Buhari: February 25 elections not perfect, but better than previous polls• IGP directs state commands to hand over electoral offence cases to INEC Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has declared that the …

The Central Bank of Nigeria (CBN) on Monday directed commercial banks to dispense and receive the old N200, N500, N1000 bank notes. The bank said the notes remain legal tender until 31 December, as directed by the Supreme Court. The CBN made this known in a statement by its acting spokesperson, Isa AbdulMumin. The bank’s directive comes after the Supreme …

The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The apex bank disclosed this in a circular announcing the Exposure Draft of the Regulatory Framework for Agent Banking in Nigeria. According to the CBN, the agent banking initiative has resulted in the proliferation of …