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VeendHQ Launches AI-Powered Platform to Expand Credit Access in Africa
Nigerian fintech company, VeendHQ, has unveiled Vida AI, a cutting-edge platform aimed at improving access to credit through advanced, data-driven…
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Business
PalmPay Expands Access to Digital Insurance in Nigeria
PalmPay, Africa’s leading digital banking platform, has unveiled new strategic partnerships with top insurance providers aimed at making insurance products…
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Uncategorized
Edo Slashes Domestic Debt to ₦82.4bn Edo State has reduced its domestic debt from ₦113 billion in the fourth quarter of 2024 to ₦82.4 billion in the first quarter of 2025 — a significant drop of ₦30.6 billion in just three months. The decline is attributed to improved revenue inflows from the Federation Account, which enabled the state to meet its debt obligations promptly. Fred Itua, Chief Press Secretary to Governor Monday Okpebholo, described the development as a testament to Edo’s emergence as a model for fiscal discipline in the country. He noted that while ten other states accumulated a combined ₦417.7 billion in new domestic debt during the same period, Edo charted a different course based on financial prudence, accountability, and strategic planning. Speaking at a recent event, Governor Okpebholo said his administration had reformed the state’s internal revenue system by strengthening the Edo Internal Revenue Service (EIRS) with digital tools, improved compliance measures, and greater public engagement. These reforms, he explained, boosted Internally Generated Revenue (IGR) and reinforced public trust in the state’s financial stewardship. “We are committed to growing Edo’s economy without mortgaging its future,” the governor said. “Borrowing must be strategic, purposeful, and productive—not a default approach to governance. We are here to build, not to burden.” He added that Edo has adopted a value-for-money budgeting approach that prioritizes capital projects and results-oriented spending, with strategic investments in infrastructure, education, healthcare, rural electrification, and digital development.
Edo State has reduced its domestic debt from ₦113 billion in the fourth quarter of 2024 to ₦82.4 billion in…
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Metro plus
FG Commences Reconstruction of Eastern Rail Line – NRC
The Nigerian Railway Corporation (NRC) has confirmed that the Federal Government has begun the reconstruction and rehabilitation of the Eastern…
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Education
JAMB Uncovers Fingerprint Fraud in 19 CBT Centres
The Joint Admissions and Matriculation Board (JAMB) has uncovered cases of fingerprint fraud across 19 Computer-Based Test (CBT) centres nationwide,…
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Metro plus
US Reduces Visa Validity for Nigerians to Three Months
The United States Department of State has announced a change in its non-immigrant visa policy for Nigerian citizens, reducing the…
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Newsbeat
Customs, EFCC Intensify Airport Surveillance to Curb Money Laundering
The Nigeria Customs Service (NCS), Murtala Muhammed International Airport (MMIA) Command, has ramped up surveillance efforts in collaboration with key…
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Agriculture
FG to Reposition Cooperative Societies for Community Wealth Creation
The Federal Government is set to reposition cooperative societies as a catalyst for grassroots wealth creation through the implementation of…
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Metro plus
US Embassy mandates public social media settings for Nigerian student visa applicants
The United States Mission in Nigeria has announced a new requirement for Nigerians applying for F, M, and J nonimmigrant…
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Newsbeat
BREAKING: FG Sets Minimum University Admission Age at 16
The Federal Government has officially pegged 16 years as the minimum age for admission into Nigeria’s tertiary institutions. Minister of…
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