News
Empowering Youth: FG To Train 100,000 In Financial Skills
The Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians annually in forex trading and related financial skills.
The disclosure was contained in a statement issued on Tuesday by Omolara Esan, Director of Information and Public Relations at the Federal Ministry of Youth Development.
The agreement, signed in Abuja, aims to equip participants with practical knowledge in forex trading, risk management, and financial planning.
The statement noted that the initiative forms part of the government’s broader efforts to reduce youth unemployment and promote financial and digital inclusion.
“In a bold move to tackle youth unemployment and promote financial inclusion, the Federal Government of Nigeria has signed a strategic Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians each year in the dynamic field of foreign exchange (Forex) trading.
“The agreement, formalized in Abuja, is set to equip Nigerian youth with practical skills in Forex trading, risk management, and financial planning; empowering them to navigate and thrive in the global financial marketplace,” the statement read in part.
The Minister of Youth Development, Comrade Ayodele Olawande, hailed the initiative as a major milestone in the Ministry’s ongoing efforts to promote youth empowerment through capacity building and innovation.
At the signing ceremony, he described the partnership as a reflection of the Ministry’s strategic vision to foster critical thinking, enhance digital literacy, and expand access to global opportunities for young Nigerians.
More insights
He highlighted the programme’s potential to offer a credible pathway toward financial independence and entrepreneurial resilience, especially in light of current economic challenges.
Olawande also commended Investonaire Academy for its commitment to youth development and assured that the Ministry would ensure transparency and measurable outcomes throughout the programme’s implementation.
Dr. Enefola Odiba, International Programme Director at Investonaire Academy, noted that the collaboration was designed to bridge socio-economic gaps by equipping young people with relevant financial and digital skills.
He highlighted the importance of empowering youth, describing them as the backbone of any nation and essential drivers of innovation and growth.
The Ministry reiterated its commitment to delivering the programme with excellence and accountability, aiming to position Nigerian youth as active and competitive participants in the global economy.
What you should know
The Federal Government has, over the past months, announced plans for mass skill development programmes aimed at addressing unemployment and improving economic productivity.
One such initiative is the planned training of 100,000 artisans across Nigeria in 2025, building on a previous phase where 29,000 individuals were upskilled and transitioned from informal to certified roles.
This programme is designed to enhance the quality of service delivery across trades by eradicating quackery and introducing a system of licensing for artisans.
The move is expected to professionalize the sector, instill pride in vocational work, and reduce the reliance on informal or unstable sources of income.
The Federal Government also indicated that training will be extended to technicians from specialized institutions to ensure they meet modern industry standards. These efforts form part of a broader strategy to promote economic self-reliance and position skilled Nigerians for success in both local and global markets.
Nairametrics.com
News
JUST IN: Court Adjourns El-Rufai’s Alleged Corruption Trial [DETAILS]
The trial of former Kaduna State Governor, Nasir El-Rufai, was on Monday stalled after two co-defendants failed to appear before a Federal High Court in Kaduna.
El-Rufai, who is standing trial on charges of alleged abuse of office, fraud, and financial misconduct filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), was present in court for the proceedings.
The former governor arrived at the court alongside officials of the ICPC, operatives of the Department of State Services (DSS), and police personnel.
However, the court could not proceed with the case due to the absence of the two co-defendants, leading to an adjournment.
The matter was subsequently adjourned to June 28, 2026, for continuation of the hearing.
El-Rufai has consistently denied all allegations against him, while prosecutors allege that public funds were improperly released for projects that were either not executed or were irregularly handled during his tenure as governor.
News
BREAKING: Court Orders INEC to Deregister ADC, Four Other Political Parties
The Federal High Court in Abuja has ordered the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC), Accord Party (AP), and three other political parties.
Justice Peter Lifu, who delivered the judgment, also directed that the order apply to the Action Peoples Party (APP), Action Alliance (AA), and Zenith Labour Party (ZLP).
The ruling stemmed from a suit marked FHC/ABJ/CS/2637/2026, filed by the National Forum of Former Legislators.
In the suit, the plaintiffs asked the court to determine whether INEC has a constitutional obligation to deregister political parties that fail to meet the performance thresholds set out in Section 225A of the 1999 Constitution (as amended), the Electoral Act 2022, and INEC regulations.
According to the former legislators, the five political parties had consistently failed to meet the required constitutional benchmarks. These include winning at least 25 percent of votes in a state during a presidential election or securing at least one elective seat at the national, state, or local government level.
They further told the court that the ADC and the four other parties performed poorly in the 2023 general elections and subsequent by-elections, failing to secure seats across key tiers of government. The plaintiffs argued that the continued recognition of the parties is unlawful and undermines the integrity of Nigeria’s electoral system.
On that basis, they urged the court to declare that INEC is duty-bound to deregister such parties and compel the commission to do so before preparations for the 2027 elections progress further. They also sought, and obtained, an order restraining the affected parties from participating in elections or engaging in political activities such as campaigns, rallies, and primaries.
Additionally, the suit sought an injunction barring INEC from recognizing or dealing with the parties in any official capacity.
News
Nigerian Government Announces June 16 Public Holiday
The Borno, Oyo, Kebbi, Kano and Niger State Governments has declared Tuesday a public holiday to commorate the first day of the Islamic Calender Year, 1448 after Hijira.
The year 1448 AH (Anno Hegirae) is the current year in the Islamic calendar.
Since the Hijri calendar is based on lunar cycles, it is approximately 11 to 12 days shorter than the Gregorian calendar.
As a result, the year 1448 AH overlaps parts of both the 2026 and 2027 Gregorian calendar years.
In a statement released on Sunday, the state Commissioner for Information and Internal Security, Usman Tar urged residents to use the period to rededicate themselves to peaceful co-existance and service to humanity and development.
The statement reads “This is to inform the general public that His Excellency, the Executive Governor of Borno State, Prof. Babagana Umara Zulum, CON, mni, FNSE, has declared Tuesday 1st Day of Muharram 1448 After Hijira (AH), which is equivalent to Tuesday 16th June 2026 as a Public Holiday to commerate the first day of the Islamic Calender Year 1448 (AH).
“All citizens are therefore enjoined to be faithful and reflect on this important date and rededicate themselves to peaceful co-existance and service to humanity and development of our dear state in particular” he stated.
Tar also enjoined citizens to embrace the virtues of unity, solidarity, togetherness, tolerance, justice, mercy and multiculturalism that are essential to ensuring unity in diversity and unity of mankind.
“The Government and good people of Borno are committed to the unity, prosperity and existence of Nigeria, and to projecting Nigeria’s good image among the comity of nations in a globalised universe” he noted.
The commissioner said Governor Zulum enjoined the people of the state to pray for a peaceful, plural democratic entity, calling on all communities and faith groups to live in harmony and togetherness.
The Oyo State Government has declared Tuesday, June 16, 2026, as a public holiday.
This was made known in a circular signed by the Secretary to the State Government (SSG), Prof. Musibau Adetunji Babatunde, and made available to newsmen on Monday.
According to the release, the work-free day is in honour of the Hijrah 1448AH celebration across the world. The government urged the citizens, especially Muslim faithful, to use the occasion to pray for the continued peace, unity, and progress of the state and the country in general.
The Niger State Government has declared Tuesday, June 16, 2026, a work-free day across the state to mark the commencement of the Islamic New Year 1448 AH.
The declaration, approved by Mohammed Umaru Bago, is intended to enable Muslims and other residents to reflect on the spiritual significance of the Hijrah—the historic migration of Prophet Muhammad (SAW) from Makkah to Madinah.
The Secretary to the Government of Niger State, Abubakar Usman, described the Hijrah as a symbol of sacrifice, perseverance, faith, discipline, resilience, and commitment to righteousness.
The Kano State Government has declared Tuesday, June 16, 2026, a public holiday to commemorate the beginning of the Islamic New Year, 1448 AH.
The announcement was made in a statement issued on Monday by the State Commissioner for Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya.
Governor Abba Kabir Yusuf congratulated Muslims in Kano State and across the country on witnessing the new Islamic year, which begins with Muharram, the first month of the Islamic lunar calendar.
-
News8 hours agoNigerian Government Announces June 16 Public Holiday
-
Politics1 day agoREVEALED: 48 Powerful Lawmakers Who Lost APC Primaries (FULL LIST)
-
Politics2 days agoNo Going Back: APC Declares Primaries Result Ahead 2027 Elections
-
News1 day agoFresh Tension as Bandits Kidnap Monarch, Shot Wife
-
Politics12 hours agoFULL LIST: APC Governorship Candidates for 2027 Elections Emerge
-
Politics6 hours agoBREAKING: Kenneth Okonkwo Dumps Atiku, Gives Shocking Reason
-
Business1 day agoNo More N2.400/kg: Cooking Gas Landing Cost Crashes, as Dealers Release Fresh Prices
-
Uncategorized3 hours agoBREAKING: Niger Governor, Bago Declares One-Day Public Holiday
