The National Examinations Council (NECO) has released the results for the 2024 Senior School Certificate Examination (SSCE) External, recording an overall pass rate of 67.35% from a total of 86,067 candidates registered for the examination.NECO’s Registrar and Chief Executive Officer, Prof. Dantani Wushishi, revealed that 57,114 candidates obtained five credits and above, including English Language and Mathematics. The examination was conducted from November 14 to December 14, 2024.“The release of the results was the culmination of the processes involved in the conduct of a successful examination, consisting of pre-examination, examination, and post-examination stages,” Wushishi stated Breakdown of resultA total of 29…
Author: Oladi Samuel
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Vice President Kashim Shettima has stated that strategic investments in green technology will significantly transform the North-East landscape.He made this known on Thursday while receiving the management team of the North-East Development Commission (NEDC) at the Presidential Villa, Abuja.The team briefed him on the progress of the Accelerated Senior Secondary Education Programme (ASSEP).Senator Shettima, who was Governor of Borno State from 2011-2019 lauded the NEDC for expanding its focus beyond infrastructure development to prioritizing education and green technology.He emphasized that posterity would judge the commission positively for implementing initiatives like ASSEP, which he described as a “game changer.”According to him,…
I just heard though not very exclusively that super investor Mr. Femi Otedola hosted savvy businessman and impact investor Tony Elumelu at his Abu Dhabi home last night.As soon as I got the news, I rushed to X, the platform I know Mr. Otedola frequents, and, lo and behold, a picture of both of them greeted me.I looked closely at the image of Tony in a black T-shirt, Mr. Otedola in a brown kaftan (an unusual choice) and came to one major realization:With these two men working together, Nigeria’s economic renaissance would be on a sure footing.Both are members of…
The Nigerian naira has demonstrated relative stability in the parallel market, trading at N1,570 per US dollar from Wednesday through Friday, December 14, 2025.This follows a period of fluctuations in the foreign exchange market from Monday to Wednesday.Market reports indicate that the naira closed at N1,570/$1 on Thursday, maintaining the same rate into Friday.A Bureau De Change (BDC) operator in Wuse Zone 4, Abuja, confirmed to Nairametrics that movements in the exchange rate remained steady, signaling a possible temporary halt in depreciation.Nairametrics had earlier reported that the naira depreciated to N1,570/$1 on Wednesday from N1,565/$1 on Tuesday, showing a slight…
The National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered a major operation depot dealing in expired and falsified drugs at Umumeje village, Osisioma Ngwa, Abia State.In a statement on its X handle on Friday, NAFDAC revealed that the illegal operation was being run from multiple buildings near the Ariaria International Market.The agency stated that expired medicines were repackaged and revalidated for resale, posing a significant health risk to consumers.Seizure of expired medicines and counterfeiting equipment During the raid, officials confiscated large quantities of expired potassium chloride, allergy medications, immune boosters, and cholesterol treatments.Machinery used to alter expiry…
The African Union has announced the launch of its own rating agency, the African Credit Rating Agency (AfCRA), to address biases by global rating firms.Kenya’s President, William Ruto, unveiled the new agency at an AU event held in Addis Ababa, Ethiopia on Friday.“Global credit rating agencies have not only dealt us a bad hand, they have also deliberately failed Africa,” Ruto stated during the launch. “They rely on flawed models, outdated assumptions, and systemic bias, painting an unfair picture of our economies and leading to distorted ratings, exaggerated risks, and unjustifiably high borrowing costs.” A study by the Africa Peer Review Mechanism…
As of mid-February 2025, the Nigerian stock market, tracked by the All-Share Index, exhibits a promising upward trajectory, after a strong performance in the fourth quarter of the previous year.Throughout 2024, the index achieved an impressive year-to-date increase of 37.7%, with a remarkable 39% surge in January alone.However, this momentum encountered challenges in the second quarter of 2024, as the All-Share Index experienced a decline from 104,566.20 at the beginning of April to 98,255.63 by the month’s end.Ultimately, the index closed the second quarter down by 4.3%, losing 4,508.71 points as uncertainties about bank recapitalization efforts weighed heavily on the…
The Chairman of PANA Holdings and Group Chief Executive Officer of PE Energy Limited, Dr Daere Akobo, has called for youth-centred tech innovations.He disclosed this while delivering his address at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) 2025, which was recently held in Lagos.According to him, industry leaders should focus on mentorship, innovation, and global competitiveness in technology-driven sectors. “Our policymakers need to understand that policy without people is a fiasco,” he asserted.He commended the Nigerian Petroleum Regulatory Commission (NPRC) for its mentoring initiatives, highlighting their crucial role in shaping the next generation of industry professionals.However, he stressed…
From military general to billionaire investor, Lt General Theophilus Danjuma’s wealth journey involves strategy, timing, and opportunity. After serving as Nigeria’s Defence Minister, he ventured into oil and gas, founding South Atlantic Petroleum (SAPETRO), which secured lucrative oil blocks. His business empire spans real estate, shipping, and agriculture, cementing his status among Nigeria’s wealthiest. With a fortune built on strategic investments and political connections, Danjuma’s rise is a lesson in leveraging influence for financial success.Watch Billionaire’s Stories on Nairametrics TV on YouTube as we uncover the business moves, risks, and deals that shaped his fortune. Subscribe now!
The Central Bank of Nigeria (CBN) has assured the public that Keystone Bank Limited remains stable and fully operational despite a court order forfeiting the bank’s shares to the Federal Government.In a statement issued on Friday by the bank’s acting Director of Corporate Communications, Mrs Hakama Sidi Ali, the apex bank acknowledged concerns over the development but maintained that there is no cause for alarm.It emphasized that the stability of the banking sector and the safety of depositors’ funds remain top priorities.“For clarity, the Court Order merely reaffirmed the Central Bank of Nigeria’s prior decision to take over the management…