In October 2025, the Nigerian government launched a 12-month paid internship programme to provide training for the youth, with a N150,000 monthly stipend.
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Number of Islamic banks in Nigeria rises to 5 as new one begins operation
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Unlock big savings: 6 tax deductions you can legally claim under Nigeria’s new PIT rules
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Nigeria launches Talent Accelerator to empower youth, close skills gaps, and create millions of jobs
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Fanfare as Guinea launches enormous Simandou iron ore mine
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FG moves to boost MSMEs with $500m World Bank loan, DBN to disburse to millions of Nigerians
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US Fed begins two-day meeting set to end with rate cut
The US Federal Reserve began a two-day interest rate discussion on Tuesday that is all-but-certain to end with its first cut since March 2020, as inflation continues to ease. A rate cut of any size would support US consumers, who are feeling the effect of interest rates at a 23-year high of between 5.25 and 5.50 percent, impacting the cost of borrowing on everything from mortgages to car loans.
Electric cars overtake petrol models in Norway
Electric cars now outnumber petrol models for the first time in oil-rich Norway, a world first that puts the country on track towards taking fossil fuel vehicles off the road.
Data shows 10 Nigerian states with cheapest, highest food prices as inflation slows
The National Bureau of Statistics has disclosed that Nigeria's headline inflation for August 2024 dropped by 1.25%, providing relief to many Nigerians.
Kremlin slams Meta ban on Russian state media as 'unacceptable'
Meta said it is banning Russian state media outlets from its apps around the world, prompting an angry reaction from the Kremlin on Tuesday. "After careful consideration, we expanded our ongoing enforcement against Russian state media outlets," Meta said on Monday in response to an AFP inquiry.
Germany's Scholz disappointed by delay to Intel chip plant
Chancellor Olaf Scholz voiced disappointment Tuesday after US semiconductor giant Intel delayed plans to build a mega chip-making plant in Germany which had been championed by Berlin. The chip-making giant announced plans for the German plant in 2022, in what was seen as a major boost for EU efforts to ramp up semiconductor production in the bloc.
Young Equatorial Guineans yearn for the American dream
Tiny but oil-rich Equatorial Guinea long escaped the youth exodus plaguing other African nations, but a decade of economic decline and rising unemployment has left many eager to leave. The minimum wage in Equatorial Guinea is 128,000 CFA francs ($210) a month, according to data from the Economic and Monetary Community of Central Africa.
Meta bans Russian state media outlets for 'interference'
Meta late Monday said it is banning Russian state media outlets from its apps around the world due to "foreign interference activity." Meta had previously banned the Federal News Agency in Russia to thwart foreign interference activities by the Russian Internet Research Agency.
Climate finance: what you need to know ahead of COP29
Developing countries will need trillions of dollars in the years ahead to deal with climate change -- but exactly how much is needed, and who is going to pay for it? - The Climate Policy Initiative, a nonprofit research group, estimates that $10 trillion per year in climate finance will be needed between 2030 and 2050.
Most Asian markets up ahead of Fed but Tokyo hit by strong yen
Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting. The strengthening yen -- which is up around 13 percent from the four-decade low hit in July -- hit the Nikkei 225 in Tokyo as exporters were sold off.
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