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How to survive tough economic times in Nigeria

How to survive tough economic times in Nigeria The Nigerian economy has not fully recovered after the effect of the previous recession that ended in 2018. The economy is in a bad shape today despite what the government economic advisers would have you to believe. The number of Nigerians that have embraced abject poverty is about 91 million, according to the World Poverty Clock, created by Vienna based World Data Lab. About 3 million again joined the extreme poverty group between November 2018 and February 2019. By this token,it shows that we have not seen it all, the worst is yet to come. As a Nigerian, how do you survive in this bad economy fraught with uncertainties on every facet – price instability, crime rate and insecurity, unemployment issues, lack of economic infrastructure, etc? Survival in this turbulent economy can be a herculean task for the vast majority of the citizenry. But you must survive, you cannot give up hope, do you? In this write up you will be advised on the ba

Steps To Access The Student Loan

Steps To Access The Student Loan The Student Loan Bill which is now Law officially known as AN ACT TO PROVIDE EASY ACCESS TO HIGHER EDUCATION FOR NIGERIANS THROUGH INTEREST FREE LOANS FROM NIGERIAN EDUCATION BANK ESTABLISHED was Sponsored by Hon. Femi Gbajabiamila Students applying for loan under this Act must apply to the Chairman of the Bank through their respective institutions upon satisfaction of the following conditions: (i) Student must have secured admission into any public Nigerian University,Polytechnic, COE or TVET school Applicant income or family income must be less than N500,000 per annum;Applicant must provide at least two civil servants as guarantors: of not less than level 12 years in service; or a Lawyer with at least 10 years post-call experience; a Judicial officer; or a Justice of Peace. Students who have defaulted in previous loans; found guilty of exam malpractices, felony, drug offenses will not be considered. Students with parents who have defaulted in resp

Full text of Democracy Day broadcast by President Bola Tinubu

*Full text of Democracy Day broadcast by President Bola Tinubu* *Fellow Nigerians* . It is exactly three decades today that Nigerians went to the polls to exercise their inalienable right to elect a President of their choice to lead the transition from military dictatorship to a representative government of the people. The abortion, by military fiat, of the decisive victory of Chief Moshood Kashimawo Olawale Abiola of the defunct Social Democratic Party (SDP) in the June 12, 1993, presidential election, up to that time, the fairest and freest election in the country’s political evolution, turned out, ironically, to be the seed that germinated into the prolonged struggle that gave birth to the democracy we currently enjoy since 1999. In rising to strongly oppose the arbitrary annulment of the will of the majority of Nigerians as expressed in that historic election, the substantial number of our people who participated in the struggle to de-annul the election signified their fierce c

Popular Nigerian actor Saint Obi dies at 57

Nollywood actor, Obinna Nwafor aka Saint Obi, is dead. The movie star’s colleagues told journalists on Saturday that he died on May 7 at his sister’s home in Jos, Plateau State. Obi’s body had since been deposited at the Jos University Teaching Hospital (JUTH) morgue. The 57-year-old was a household name in the Nigerian entertainment industry and featured in over 60 movies, including several blockbuster productions – “Candle Light,” “Sakobi,” “Goodbye Tomorrow,” “Heart of Gold,” “Festival of Fire,” “Executive Crime” and “Last Party.”

Tinubu Asks Nigerians To Shun Divisive Sentiments

President-elect, Bola Ahmed Tinubu, has implored Nigerians, particularly Christian faithful, to emulate the virtues of Jesus Christ by way of love to neighbours, regardless of tongue, faith and tribe as they celebrate this year’s Easter. Specifically, he asked the citizens to eschew divisive, ethnic and religious tendencies, as they reflect on God’s priceless sacrifice and limitless love for mankind at Easter. “We will make faster progress toward the achievement of the peaceful, united, strong, progressive and prosperous country we all desire if we eschew divisive, parochial, ethnic, religious sentiments and rivalries,” the president-elect stated in his Easter message on Saturday. He urged Nigerians to live more harmoniously with their compatriots. Tinubu added that Easter is about renewed hope and redemption, symbolising the triumph of hope over despair, love over hate and condemnation, and optimism over cynicism. He continued: “As we all enjoy the well-deserved break, I urge every Ni

THE ERAOF RENEWED HOPE

“THE ERA OF RENEWED HOPE“ By The President-Electo of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, March 1, 2023 My fellow Nigerians, I am profoundly humbled that you have elected me to serve as the 16th president of our beloved republic. This is a shining moment in the life of any man and affirmation of our democratic existence. From my heart, I say thank you. Whether you are Batified, Atikulated, Obidient, Kwankwasiyya, or have any other political affiliation, you voted for a better, more hopeful nation and I thank you for your participation and dedication to our democracy. You decided to place your trust in the democratic vision of a Nigeria founded on shared prosperity and one nurtured by the ideals of unity, justice, peace and tolerance. Renewed hope has dawned in Nigeria. We commend INEC for running a free and fair election. The lapses that did occur were relatively few in number and were immaterial to the final outcome. With each cycle of elections, we steadi

New Notes: CBN Establishes LGA Cash Swap Centres

The Central Bank of Nigeria ( CBN) has established Cash Swap Centres across the 774 Local Government Ares of the federation. This was contained in a circular issued by the apex bank at the weekend. Signed by Haruna Mustafa an Musa Jimoh, Directors of Banking Supervision and Payments Systems , respectively and dated January 20, 2023, the circular indicated that the Cash Centres would commence operations tomorrow. Addressed to Deposit Money Banks (DMBs), Mobile Money Operators , Super Agents and Agents, the circular said that the exercise would enable rural dwellers to seamlessly change their old Naira Notes for the redesigned ones. It reads in part:: “In furtherance of its Naira Redesign policy, the Central Bank of Nigeria (CBN) has sustained its nationwide awareness/sensitization programmes, enforced speedy collection of the new notes at CBN branches by the Deposit Money Banks (DMBs) and mandated issuance of the new notes through Automated Teller Machines (ATMs) to ensure distributio

PoS Operators Not Endangered, CBN Gives Conditions For Bulk Withdrawal

The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December 6, set the weekly withdrawal limit at N100,000 and N500,000 for persons and organisations, respectively, it made allowances for compelling cases to withdraw up to N5 million or N10 million. “Let me just correct an impression: not in any way are they (PoS agents) endangered,” t he CBN’s Director of Banking Supervision, Mustafa Haruna, said during a live appearance on Channels Television’s Sunrise on Saturday. “When you do the numbers, how much does a typical agent outlet need in a day? People need to just see this as a policy that is intended at contributing to economic growth and development, and when Nigerians know the enormous benefits inherent in this policy, I’m very sure it will shift mindsets. “It is typical when you introduce something new, there is always that trepidation and apprehen

WhatsApp’s ‘View Once’ feature may include text messages

WhatsApp’s “View Once” feature, which currently only applies to media like photographs and videos, may soon be expanded to include text messages. According to WABetaInfo’s discoveries, the feature is present in the most recent beta version of the Android app for WhatsApp. It may one day allow users to send messages that can only be viewed once before disappearing forever. The new feature could one day be handy for sharing sensitive information that you don’t want the receiver to have continuing access to, such as passwords or credit card numbers, similar to the present “View Once” feature. One may easily picture this data being transmitted as an ephemeral text message. When announcing View Once for images and videos, WhatsApp even cited this use case—a user sending a photo of their Wi-Fi password—as an illustration of the feature’s potential utility. You may make all of the chat’s messages vanish after a certain amount of time has passed in WhatsApp, thanks to their disappearing mess

Fake mentally challenged man caught with sack filled with dead babies

An angry mob apprehends a young man pretending to be mentally challenged with a sack filled with dead babies in Lagos. On Sunday, a yet-to-be-identified man was caught along the Cele Expressway, Lagos by onlookers who noticed his bag dripping with blood. When questioned, he was said to have given flimsy reasons before making a run for it and diving into the lake to escape capture. According to an eyewitness, he was captured and handed over to the police after being tortured by the mob. “We noticed his sack was dripping blood and we enjoined some street urchins to help us query the man further. He quickly ran into a lake but he was caught. We opened the sack and saw fresh dead babies. When we interrogated him on what he was doing with the gory items, he refused to answer but noted that he killed the mother of the babies. We handed him over to the police for fear of him being lynched,” an eyewitness stated.

Afenifere leader, Fasoranti endorses Tinubu, moves against Obi’s endorsement

Pa Reuben Fasoranti, the Leader of Afenifere has blessed the presidential flagbearer of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, ahead of the 2023 general elections. The Afenifere leader blessed the APC chieftain on Sunday at his (Pa Fasoranti’s) country home. This came weeks after the acting leader of the group, Ayo Adebanjo, had declared open support for the presidential flagbearer of the Labour Party, Peter Obi. The APC presidential candidate had reached the state to make a presentation of his Action Plan on how to rebuild Nigeria to the Yoruba political and cultural organisation. The document (80-page Action Plan) which was christened Renewed Hope, was earlier launched in Abuja, the nation’s capital on 21 October by President Muhammadu Buhari.