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FEDERAL MINISTRY OF FINANCE, ABUJA. PRESS RELEASE

FEDERAL MINISTRY OF FINANCE, ABUJA. PRESS RELEASE

FG, STATES, LGCs SHARE N1.424 TRILLION FROM A GROSS TOTAL OF N2.310 TRILLION FOR THE MONTH OF DECEMBER 2024 The Federation Account Allocation Committee (FAAC), at its December 2024 meeting chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.424 Trillion to the three...

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3600 People to Lose Their Jobs at Meta over Low Performance, “Will Receive Generous Severance”

3600 People to Lose Their Jobs at Meta over Low Performance, “Will Receive Generous Severance”

Meta, the owner of Facebook, Instagram and WhatsApp, is preparing to cut about 5% of its global workforce, as the company looks to drop “low performers faster”.In a memo to staff, boss Mark Zuckerberg said he had made the decision to speed up the firm’s regular performance-based cuts in anticipation of an “intense year”.He said...

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“Economic Indicators Point to a Positive and Encouraging Outlook for Our Nation” Tinubu Stated, Pledges to Bring Inflation Down to 15% From 34.6%

“Economic Indicators Point to a Positive and Encouraging Outlook for Our Nation” Tinubu Stated, Pledges to Bring Inflation Down to 15% From 34.6%

The president of the Federal Republic of Nigeria, Bola Ahmed Tinubu in a statement wishing the citizens a prosperous 2025 affirmed that collective hopes will be fulfilled this year, despite the challenges and turmoil of 2024.Tinubu revealed this on Wednesday on his verified X account, hinting that things are beginning to look better on all...

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China Approves Construction to Build World’s Largest Hydropower Dam in Tibet

China Approves Construction to Build World’s Largest Hydropower Dam in Tibet

China has approved the construction of what will be the world’s largest hydropower dam, stoking concerns about displacement of communities in Tibet and environmental impacts downstream in India and Bangladesh.The dam, which will be located in the lower reaches of the Yarlung Tsangpo River, could generate three times more energy than the Three Gorges Dam,...

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Sanwo-Olu Handed Over 250 Patrol Vehicles and Other Police Paraphernalia to Enhance Security Operation in Lagos State

Sanwo-Olu Handed Over 250 Patrol Vehicles and Other Police Paraphernalia to Enhance Security Operation in Lagos State

The governor of Lagos State, Babajide Sanwo-olu on Thursday, at the 18th Annual Town Hall Meeting on Security handed over 250 brand new patrol vehicles, along with essential hardware, communication devices, and protective gear to the police force.According to the governor: “this initiative represents a significant advancement in our efforts to strengthen security operations throughout...