Universal World Best

 Introduction Education is the cornerstone of human progress and a fundamental right that empowers individuals and societies to grow, thrive, and adapt to a rapidly changing world. It serves as a catalyst for personal development, economic growth, social mobility, and the advancement of civilization as a whole. In this blog post, we will explore the profound impact of education and how it shapes the future of our world. Empowering Individuals Education empowers individuals by providing them with knowledge, skills, and critical thinking abilities. It equips them with the tools necessary to make informed decisions, solve problems, and navigate complex challenges. Education fosters intellectual curiosity, creativity, and a lifelong thirst for learning. It enables individuals to discover their passions, pursue their dreams, and fulfill their potential. Socioeconomic Development Education is a key driver of socioeconomic development. It plays a pivotal role in breaking the cycle of pove...

 Son of Afrobeat legend Fela Kuti allegedly assaulted a police officer, Lagos state police say. FILE- Seun Kuti, son of Afrobeat music legend Fela Kuti, performs at "Felabration," an annual event paying homage to his father,at the New Afrika Shrine in Lagos, Nigeria in the early hours of Oct. 20, 2013. A Nigerian Afrobeat star was arrested after being accused of assaulting a police officer in the commercial hub of Lagos. Seun Kuti was detained at the Lagos State police headquarters after turning himself in on Monday, May 15, 2023. (AP Photo/Sunday Alamba, File) Seun Kuti was detained at the Lagos State police headquarters after turning himself in on May 15, 2023 Nigerian musician Seun Kuti, son of Afrobeat legend Fela Kuti, has been arrested for allegedly assaulting a police officer, according to authorities. Lagos state police said on Monday that an order had been made on Saturday for the arrest of the Grammy-nominated saxophonist and singer after a viral video showed him on...

  The Association of Corporate Affairs Managers of Banks (ACAMB) has denied trending social media messages that the Central Bank of Nigeria (CBN) ordered Deposit Money Banks (DMBs) to shut down services for five days because of the Presidential and National Assembly elections scheduled for February 25, 2023. This was revealed in a statement signed and released by President of ACAMB, Rasheed Bolarinwa. ACAMB is the umbrella body of Corporate and Marketing Communications Professionals working in Nigeria’s banking sector. See full statement below: Banks not shutting down banking services for elections – ACAMB The attention of the Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of Corporate and Marketing Communications Professionals working in Nigeria’s banking sector, has been drawn to the trending social media message purporting that the Central Bank of Nigeria (CBN) was shutting down banking services for five days from Thursday, 23rd to Monday 27th Febr...

  Nigerians have always been ingenious at devising ways of beating the system. Following the biting scarcity of cash and the Central Bank of Nigeria's (CBN) stance on the illegality of spraying naira at parties, event planners in Lagos have found a new way of beating CBN’s directive against the abuse of the naira notes. Read more: Nigerians have always been ingenious at devising ways of beating the system. Following the biting scarcity of cash and the Central Bank of Nigeria's (CBN) stance on the illegality of spraying naira at parties, event planners in Lagos have found a new way of beating CBN’s directive against the abuse of the naira notes. Read more:   https://universalworldbestking.blogspot.com/?m= 1 A Lagos-based event management outfit, 247SL, began an innovative method of staying within the norms and obeying CBN directives at the same time. Vouchers available in N200, N500 and N1000 notes The event management company printed the naira look-alike vouchers for partygoer...

  By Godwin Oritse THE restriction of access of Foreign Exchange (forex) on the importation of Stock Fish has affected both the export of the commodity from Norway tom Nigeria and Vice Visa. Speaking to Vanguard in Lagos during a tour of the Stock Fish market in Oyingbo, Lagos,  Eivind Fjeldstad, Businsess Counsellor at the Royal Norwegian Embassy, Abuja, said that the Norwegian Government is very hopeful that the Government of Nigeria will remove stock fish from the list of commodities banned from access to official foreign exchange  window because Nigeria is the biggest market for the Norwegian stock fish in Africa. Fjeldstad also said that the importation of stock fish is not in competition with local fish production in Nigeria adding that the commodity is also the cheapest source of protein in Nigeria. He explained that importers are being challenged by first of all sourcing Forex at a very exorbitant rate before placing order and this development has also brought abo...

  Ahmad Salihijo Ahmad is an energy, environmental specialist and the current Managing Director/Chief Executive Officer of the Rural Electrification Agency (REA). The agency is charged with the responsibility of providing access to reliable electric power supply for rural dwellers irrespective of where they live. Ahmad speaks, in this interview, on how his agency is boosting the economic development of rural dwellers while discharging their duties. Excerpts: By Olalekan Bilesanmi Your agency focuses on rural electrification and in implementing your mandate, several households are benefiting from improved livelihoods, could you please tell us about how your agency is contributing to this. Primarily, the Rural Electrification Agency (REA) is an implementing agency of government, set up through the Electric Power Sector Reform (EPSR) Act of 2005, and is under the supervision of the Federal Ministry of Power. The Agency is mandated to provide power to the unserved and underserved Niger...

  Open branches weekend, expect clearer directive todaylPoS operators ignore CBN warning on selling banknoteslExperts in divergent view on implementation, impact The banking industry was in disarray over  implementation of the directives of the Central Bank of Nigeria, CBN, on collection of the old banknotes in the denominations of N500 and N1,000 during the weekend. The apex bank was said to have directed the banks to collect the old banknotes which it had declared non-legal tender with effect from February 10,2023, prompting the banks to not only issue mails to customers to come and deposit their old notes but actually began to collect the old notes. The commercial banks also sent out emails to their customers on Friday, re-opening their branches last Saturday after suspending weekend banking previous weekend with the deadline of old notes acceptance. However, with a statement from the CBN late Friday denying the alleged directive to collect old notes, some of the banks susp...