France is continuing its effort to address the country’s skill shortage by keeping its international talent program active in 2025.The French government has announced significant changes to the program, which now carries a new name: the Talent Residence Permit. The changes are designed to attract skilled professionals, researchers, entrepreneurs, and other high-caliber workers to contribute to sectors like technology, healthcare, and the arts.These efforts come as the country looks to meet growing demands in various industries while fostering economic growth.The Talent Passport, as it was previously known, has undergone a series of updates in its eligibility criteria, application process, and…
Author: Oladi Samuel
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The National Agency for Food and Drug Administration and Control (NAFDAC) warns the public against counterfeit cancer drugs Phesgo® 600mg and Avastin 400mg/16ml currently circulating in Nigeria.In a statement shared on its official X handle on Thursday, NAFDAC alerted healthcare providers and the public about the discovery of suspected counterfeit Phesgo® 600mg/600mg/10ml in Lagos, labeled with batch C5290S20.The alert also highlighted the detection of counterfeit Avastin 400mg/16ml in Kano and Abuja, involving batches H0223B08 and H4239A70.Phesgo® 600mg counterfeit details According to NAFDAC, the Marketing Authorization Holder (MAH) Roche received a complaint from a doctor at Lagos University Teaching Hospital (LUTH-NSIA).The report…
The Senior Staff Association of Nigerian Universities (SSANU) has urged the Federal Government to address the electricity crisis affecting universities nationwide as a matter of urgency.The National President of SSANU, Mr Mohammed Ibrahim, expressed concerns over rising electricity costs disrupting the efficient functioning of universities in a statement issued on Thursday in Abuja.He highlighted the importance of a stable power supply for critical university operations, including administration, teaching, research, and community service as reported by the News Agency of Nigeria.He further noted that the absence of adequate power infrastructure significantly disrupts the ability of universities to deliver on their mandate…
On the 30th of December 2024, the ban on Tether (USDT) the biggest stablecoin issuer in Europe is expected to take effect.This means that top exchanges in Europe from that date would begin the delisting of Tether (USDT) to uphold MICA’s compliance.This move is seen as a huge blow to the crypto industry as Tether (USDT) for the past 5 years has remained the third largest crypto asset by market capitalization.Tether also has the largest share of the stablecoin market making up over 50% of the global market share.The stablecoin issuer is facing a possible ban in Europe following issues…
Rivers State Governor, Siminalayi Fubara, has signed the N1.1 trillion 2025 budget into law, marking a pivotal moment for the state’s fiscal and developmental agenda, Channels Television reports.The budget, aptly named the “Budget of Inclusive Growth and Development,” was signed on Thursday, January 2, 2025, following its passage by the Victor Oko-Jumbo-led State Assembly.In his remarks during the signing ceremony, Governor Fubara expressed gratitude to the State Assembly for their dedication and thorough review of the budget.He commended the leadership of Victor Oko-Jumbo and the assembly members for their efforts in ensuring the budget’s swift passage, describing their work as…
Nigeria’s Broad Money Supply (M2) soared by 51% year-on-year (YoY) to reach N108.96 trillion in November 2024, fueled by increasing domestic borrowings by the Federal Government, according to the Central Bank of Nigeria (CBN).This increase represents a sharp rise from the ₦72.03 trillion recorded in the same period of 2023, according to the Central Bank of Nigeria (CBN)’s Money and Credit Statistics released on Monday.M2 encompasses cash and demand deposits, savings deposits, money market deposits, and time deposits, serving as a broad measure of liquidity in the economy.While M2 witnessed sustained growth over six consecutive months from April 2024, the…
Nigeria’s Power sector has evolved over the years with improved investments by both the government and private businesses, but it is far from achieving reliable and sustainable energy for all its citizens.Amidst numerous challenges, the sector recorded notable activities and developments this year, from policy reforms and infrastructure upgrades to increased private sector participation and investments in renewable energy.It also recorded the highest number of grid collapses in a single year.As the country strives to bridge its energy gap and power its growing economy, the notable events and developments in the power and utility sector will shape the country’s future…
The Nigerian stock market’s performance in 2024 nearly outpaced the country’s food inflation from the previous year, posting nominal returns of 37% despite a challenging economic environment.Investors such as Aliko Dangote, Tony Elumelu, Abdulsamad Rabiu, and Femi Otedola made N33 trillion over a two-year period in the Nigerian stock market.The Nigerian Stock Exchange (NGX) is a key investment hub for Nigeria’s billionaires, who own sizeable stakes in various businesses, including those in the energy, financial, and agro-supply sectors. Aliko Dangote, Africa’s richest man, holds significant shares in numerous blue-chip companies, including those he founded.Other business tycoons, such as Jim Ovia,…
In December 2024, the crypto industry experienced over 25 hacks, resulting in approximately $24.69 million in losses, a 71% decline compared to November, according to blockchain security firm Peckshield.This marks a significant reduction in monthly losses, with December becoming one of the least damaging months of the year.The report was shared by Peckshield Alerts via their X page revealing details of the hacks that occurred in the last month of 2024.“PeckShieldAlert December 2024 saw 25+ hacks in the crypto space, resulting in ~$24.7 million in losses — a 71% decrease compared to last month. Top5 Hacks: -LastPass: $12.38 million -Yeifinance: $2.2 million -GemPad:…
Former President Olusegun Obasanjo has disclosed how the Nigerian National Petroleum Corporation (NNPC) turned down a $750 million offer from billionaire businessman Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007.Obasanjo made this revelation during an exclusive interview with Channels Television, where he shared insights into the challenges surrounding Nigeria’s struggling refineries.The former president explained that the NNPC, now operating as the Nigerian National Petroleum Company Limited (NNPCL), was aware of its limitations in managing the nation’s refineries but still rejected Dangote’s offer.“When I was president, I wanted to do something about the three refineries we have:…