Hungary has introduced new regulations for foreign workers with the release of Government Decree No. 450/2024, which came into effect on January 18th, 2025.The changes are intended to simplify the employment of foreign nationals, but they have raised questions among potential job seekers and businesses looking to hire foreign workers.The new regulations require job seekers from foreign countries to first check if their nation is included in Appendix 1 of the Government Decree. This list determines eligibility for a residence permit for the purpose of employment in Hungary.Eligibility criteria for work visas Starting January 18th, 2025, individuals wishing to work in…
Author: Oladi Samuel
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The Federal Government of Nigeria has denied allegations of compelling eminent Nigerians to defend the country’s case in an arbitration proceeding in Paris.The denial was made in a statement issued by Bayo Onanuga, Special Adviser to the President (Information and Strategy), on January 18, 2025.Several reports on Saturday claimed that former Nigerian President Muhammadu Buhari appeared before a court in Paris to testify in an arbitration proceeding involving a $6 billion dispute over the Mambilla power project contract.FG’s Denial The presidency dismissed the reports as “fake news circulating on social media.” However, it confirmed that the Nigerian Government is a party to…
Leading cryptocurrency firms have contributed at least $10 million to the Trump inaugural fund, with top executives converging in Washington ahead of the incoming president’s swearing-in on Monday.Ripple, Coinbase, Kraken, Circle, and Robinhood collectively donated over $10 million to Trump’s inauguration fund, demonstrating the crypto industry’s commitment to President Donald Trump.This follows the industry’s substantial financial support for Trump’s campaign, with hopes for a crypto-friendly administration.What they donated Ripple, the issuer of XRP, has pledged $5 million worth of its native coin. CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, who recently met Trump at Mar-a-Lago, have been invited to…
The Nigerian stock market, tracked by the All-Share Index, concluded the trading week ending January 17, 2025, with a notable downturn, amid losses in the industrial goods and insurance sectors.All-Share shed 3,097.38 points, closing at 102,353.68, marking a 2.94% decline from the previous week’s close of 105,451.06, thereby interrupting a six-week streak of gains.Market activity also showed a significant decline, as weekly trading volume fell by 38% to 2.2 billion shares, compared to 3.6 billion shares in the prior week.Furthermore, market capitalization retreated to N62.8 trillion, down from N64.3 trillion the previous week.In terms of market breadth, thirty-three (33) equities…
A report by nPerf, a French company that measures internet connectivity globally, has revealed significant developments in Nigeria’s mobile internet market, with MTN solidifying its position as the market leader.The nPerf Barometer report, covering the period from January 1 to December 31, 2024, highlighted the performance of MTN, Airtel, and Globacom for the year, measuring key performance indicators (KPIs), which include download speed, upload speed, latency, and video streaming.According to the report, MTN led in both overall performance and the critical 4G focus area.How the operators faired nPerf, which measures the internet speed of networks globally, noted that for the…
The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has said the Ministry is intervening in the ongoing discussions about telecom tariff increase to ensure that the interests of Nigerians are protected.Tijani stated this while speaking during an interview on Arise TV on Friday.Responding to a question of why the Ministry is dabbling into a regulatory issue that should be left to be handled by the Nigerian Communications Commission, Tijani said the Ministry supervises the NCC and its job is to cater to the people.Nairametrics earlier reported that the Minister had said that the tariff increment to be…
MTN Nigeria Communications PLC has informed the investing public and the NGX that it has completed its Series 15 and 16 Commercial Paper (CP) issuance, raising N42.20 billion.This follows an earlier announcement regarding the successful issuance of Series 13 and 14 Commercial Papers, which collectively raised N72.18 billion.In a formal notification signed by Company Secretary Uto Ukpanah and published on the NGX disclosure platform, MTN Nigeria revealed the successful performance of the Series 15 and 16 issuances.These offerings were conducted under MTN Nigeria’s N250 billion Commercial Paper Issuance Programme, achieving a subscription rate of 84.4%.What to know MTN Nigeria raised funds…
The Northern Patriotic Coalition for Democracy (NPCD) has disagreed with critical remarks attributed to the Emir of Kano, Muhammadu Sanusi, regarding the economic reforms under President Bola Ahmed Tinubu’s administration.The group’s convener, Mohammed Yahaya, criticized the former Emir during a press conference on Friday.Sanusi had spoken at the 21st memorial lecture of Chief Gani Fawehinmi in Lagos, where he declared that he would remain an observer and not offer economic advice to the Tinubu administration, citing perceived personal grievances.He alleged that the president’s team lacked the requisite capacity to deliver democratic dividends.Sanusi remarked:“I have decided not to speak about the…
Kwara State Governor, AbdulRahman AbdulRazaq, has approved the recruitment of 2,100 new staff for the state’s senior secondary schools, including 1,800 teachers, 100 non-teaching staff, and 200 security guards.This initiative aims to improve the safety and quality of education in Kwara, with a particular focus on rural areas where there is a shortage of qualified teachers.The Chairman of the Teaching Service Commission (TESCOM), Malam Bello Abubakar, made the announcement in a statement issued on Friday in Ilorin. He emphasized that the recruitment would primarily target senior secondary schools in the rural areas, addressing the critical shortage of qualified educators in…
The Court of Appeal sitting in Abuja on Friday reaffirmed Julius Abure as the National Chairman of the Labour Party (LP) in two separate appeals.A three-member panel of the court, led by Hon. Justice Hamma A. Barka, delivered the judgment on Friday.The appeals were brought before the court by Senator Esther Nenadi Usman against the Labour Party and others, as well as the Independent National Electoral Commission (INEC) against the Labour Party and others.Appeal Court Verdict In the two separate appeals, the Court held that it would not delve into the issue of the Labour Party’s leadership, as such matters are…