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Trending News In Naija | 5th Of July 2024

Nigeria Mulls Diaspora Bonds Issuance in 2024


Nigeria is planning to issue Diaspora Bonds later this year to attract funds from Nigerians living abroad. The bonds aim to leverage the financial resources of the diaspora for national development. This initiative is expected to boost foreign exchange reserves and support economic projects.



U.S.-Nigeria Binational Commission Plans Major Symposium.


The U.S. has announced a planned visit by the President’s Advisory Council on African Diaspora Engagement to Nigeria in July. A major symposium in Washington, D.C., is also scheduled for October to bring together American and Nigerian technology leaders. These events aim to strengthen diaspora engagement and technological collaboration.


Federal Government Unveils Diaspora Mortgage Scheme


The Nigerian government has launched the Diaspora Mortgage Housing Scheme in the UK, USA, and Canada. This scheme aims to provide housing solutions for Nigerian expatriates. The initiative is expected to address housing challenges faced by the diaspora.

NLC Condemns Another Electricity Tariff Hike, Demands Reversal


The Nigeria Labour Congress (NLC) has condemned the Federal Government's decision to increase electricity tariffs. The NLC is demanding an immediate reversal, citing the financial burden on citizens. This move has intensified discussions on the cost of living and energy policies.



Tinubu Mandates Presidential Council to Strengthen Economy


President Bola Tinubu has inaugurated the Presidential Economic Coordination Council (PECC) with a mandate to strengthen Nigeria's economy. The council is expected to implement strategic policies to boost economic growth. This initiative is seen as a critical step towards economic recovery.


Governor Sanwo-Olu Pays ₦4.46 Billion to Pensioners


Governor Babajide Sanwo-Olu of Lagos State has cleared all outstanding pension backlogs, paying ₦4.46 billion to 2,000 retirees this week2. This payment marks the end of pension arrears and introduces a “Pay As You Go” model for future retirees. The initiative also includes a new Health Insurance Scheme for retirees, ensuring access to comprehensive medical services


PDP Insists on Ighodalo as Edo Guber Candidate Despite Court Ruling


The Peoples Democratic Party (PDP) has reaffirmed Asue Ighodalo as its candidate for the September 21 governorship election in Edo State. This decision comes despite a court ruling challenging his candidacy. The party's stance has sparked debates on the legal and political implications.


Nigerians Kick Against Rumoured Signing of $150bn LGBT Samoa Deal


There has been widespread backlash against the rumoured signing of an LGBT agreement, code-named the ‘Samoa Deal’, by the Federal Government. Many Nigerians have expressed strong opposition to the deal. The controversy highlights ongoing societal debates on LGBTQ rights.


Nigeria Mulls Diaspora Bonds Issuance in 2024


Nigeria is planning to issue Diaspora Bonds later this year to attract funds from Nigerians living abroad. The bonds aim to leverage the financial resources of the diaspora for national development. This initiative is expected to boost foreign exchange reserves and support economic projects.


Court Reinstates Rivers Speaker, Amaewhule, 24 Other Pro-Wike Lawmakers


The Court of Appeal in Abuja has overturned a lower court's ruling that sacked Speaker Martin Amaewhule and 24 other lawmakers in Rivers State. This decision is a significant development in the ongoing power struggle within the Rivers State House of Assembly. The reinstatement has political implications for the state's governance.


Kogi: Appeal Court Reserves Judgment in Ajaka’s Appeal Against Ododo’s Election


The Court of Appeal in Abuja has reserved judgment in the appeal filed by the Social Democratic Party (SDP) candidate, Muritala Ajaka, challenging the outcome of the November 2023 governorship election in Kogi State. The case has drawn attention to electoral processes and judicial interventions.


NUPRC Issues 24-Hour Deadline to Investors for Oil Block Licensing Registration


The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given investors a 24-hour deadline to register for the 2024 oil block licensing bid round. This move aims to streamline the licensing process and attract investment. The deadline has created a sense of urgency among potential investors.

U.S. Reiterates Commitment to Nigeria on 248th Independence


During the 248th Independence celebrations, the U.S. reiterated its commitment to Nigeria. The U.S. praised the Nigerian diaspora, noting their significant contributions. This reaffirmation of ties highlights the importance of the bilateral relationship.


Bus Driver Jailed 12 Years for Killing LASTMA Officer


A Lagos High Court has sentenced a commercial bus driver, Elijah Shokoya, to 12 years imprisonment for killing an officer of the Lagos State Traffic Management Agency (LASTMA), Olawale Akinmade. The case has highlighted issues of road safety and law enforcement.


Tech Start-Ups in Nigeria, Kenya, Others Suffer 57% Decline in Fundraising


Tech start-ups in Nigeria, Kenya, and other African countries have experienced a 57% decline in fundraising in the first half of 2024. This significant drop is attributed to economic challenges and investor caution. The trend raises concerns about the future of tech innovation in the region.


How to Apply for Nigerian Passport Abroad in 2024


The Ministry of Interior has announced that Nigerians in the diaspora can now obtain passports through online applications. This new process aims to simplify and expedite passport issuance. The change is expected to benefit many Nigerians living abroad.


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