Category: Uncategorized

  • US, Japan Seal $40bn Nuclear Energy Deal to Boost Clean Power, Strengthen Alliance

    The governments of the United States and Japan have sealed a landmark 40 billion dollars agreement aimed at expanding nuclear energy capacity, marking a significant step toward strengthening global clean energy supply and deepening bilateral cooperation.

    The agreement, announced on Thursday, is expected to accelerate the development and deployment of advanced nuclear technologies, including small modular reactors (SMRs), in both countries and across strategic partner nations.

    Officials from both sides described the pact as a strategic response to growing global energy demand, climate change concerns, and the need to reduce dependence on fossil fuels.

    A senior official of the U.S. Department of Energy said the partnership would leverage American innovation and Japanese engineering expertise to deliver safe, reliable and low-carbon energy solutions.

    “This agreement reflects our shared commitment to achieving net-zero emissions while ensuring energy security for our citizens and allies,” the official stated.

    On its part, Japan’s Ministry of Economy, Trade and Industry noted that the deal would also support the revitalisation of its domestic nuclear sector, which has faced challenges since the 2011 Fukushima disaster.

    According to the ministry, the collaboration will prioritise safety, regulatory compliance and public trust, while investing in next-generation reactor designs and fuel cycle technologies.

    Industry analysts say the agreement could position both countries as global leaders in nuclear exports, particularly in emerging markets seeking stable and clean energy alternatives.

    The deal is also expected to create thousands of jobs across the nuclear supply chain, from research and development to construction and long-term plant operations.

    Experts further noted that the partnership may help counter the growing influence of other nuclear-exporting nations by offering competitive and transparent alternatives.

    In addition to energy production, the agreement includes provisions for workforce development, knowledge exchange, and joint research initiatives between universities and private sector stakeholders.

    Environmental groups have cautiously welcomed the move, stressing the importance of strict safety standards, waste management, and non-proliferation measures.

    The agreement comes amid renewed global interest in nuclear power as countries seek reliable baseload energy to complement intermittent renewable sources such as wind and solar.

    Observers believe the pact could reshape the global energy landscape by reinforcing nuclear power as a key component of the clean energy transition.

  • TAX: Nigeria Introduces 4 New Income Tax Rules, Eases Burden On Low- And Middle-Income Workers

    Nigeria’s new tax rules took effect from January 1, 2026, as the Federal Government unveiled measures aimed at easing the financial burden on low- and middle-income earners.

    Officials say the reforms are intended to make the tax system fairer, encourage compliance, and protect vulnerable households.

    Under the revised Personal Income Tax (PAYE) framework, four categories of taxpayers are set to benefit from exemptions or special relief:

    • Workers earning the national minimum wage or below

    • Employees whose salaries are at or under the minimum wage are fully exempt from personal income tax.

    • Low-income earners with gross yearly income up to ₦1,200,000 – Nigerians in this bracket will not pay personal income tax. Reports indicate that this roughly corresponds to a taxable income of about ₦800,000 after allowable deductions.

    • Middle-income earners up to ₦20 million yearly – Individuals earning up to ₦20 million per year will enjoy reduced PAYE rates. While not fully exempt, this group will pay lower effective taxes compared to the previous system.

    Gifts – The new rules classify gifts as non-taxable, ensuring that receiving genuine gifts will not attract personal income tax.
    Rationale for the Reforms

    Government officials explained that the changes are designed to protect low-income Nigerians and reduce financial pressure on households struggling with high living costs.

    They noted that the reforms would also encourage broader compliance with tax regulations while maintaining sufficient revenue to fund public services.

    Economic analysts have welcomed the changes, suggesting that lighter tax obligations could increase disposable income and improve the financial wellbeing of both low- and middle-income earners.

    Source: Federal Ministry of Finance / Reports from tax experts.

  • Terrorists kill 14 in Adamawa, As Council Boss Calls For Military Deployment

    No fewer than 14 persons have been killed following an attack by suspected terrorists on several communities in Adamawa State, source reports.

    The attack, which occurred late on Wednesday night, affected remote villages in a border area of the state, leaving residents in shock and forcing many to flee their homes for safety.

    Eyewitnesses told source that the assailants, who were heavily armed, stormed the communities on motorcycles, shooting sporadically and setting houses ablaze before escaping into nearby bush paths.

    Confirming the incident on Thursday, the Chairman of the affected Local Government Area, Mr. Musa Ibrahim, described the attack as “barbaric and unacceptable,” saying that 14 bodies had so far been recovered, while several others sustained varying degrees of injuries.

    “We have confirmed the death of 14 innocent people, including women and youths. Many residents are still missing, and we fear the casualty figure may rise as search efforts continue,” Ibrahim said.

    He explained that the communities had been experiencing repeated threats from armed groups, adding that the latest attack had overwhelmed local vigilantes and security volunteers.

    The council boss called on the Federal Government to urgently deploy more military personnel to the area to prevent further attacks and restore confidence among residents.

    “Our people can no longer sleep with both eyes closed. We urgently need a strong military presence here. The current security arrangement is not enough to deter these terrorists,” he said.

    Ibrahim also appealed for humanitarian assistance for displaced residents, noting that many families had lost their homes, food supplies and means of livelihood as a result of the attacks.

    Reacting to the incident, the Adamawa State Police Command said it had deployed operatives to the affected areas and commenced a manhunt for the perpetrators.

    The Police Public Relations Officer (PPRO) in the state, DSP Suleiman Nguroje, told our source that security agencies were working in collaboration with other stakeholders to ensure the safety of lives and property.

    “We have deployed tactical teams to the area, and investigation is ongoing. We urge residents to remain calm and provide useful information that can help security agencies apprehend the criminals,” Nguroje said.

    Meanwhile, residents have continued to express fear over the recurring attacks, calling on authorities to strengthen security, particularly in rural and border communities.

    Source reports that Adamawa State has witnessed sporadic attacks in recent years, especially in hard-to-reach areas, raising concerns about the safety of rural dwellers and the need for sustained security operations.

  • Doha Institute Announces Fully Funded Postgraduate Scholarships For 2026

    The Doha Institute for Graduate Studies in Qatar has opened applications for its fully funded postgraduate scholarship programme for the 2026/2027 academic session.

    The scheme is open to national and international students seeking admission into the Institute’s Master’s and Doctoral degree programmes.

    According to information obtained on Tuesday, the Institute said interested applicants from any part of the world were eligible to apply, adding that the scholarship does not require IELTS or TOEFL for consideration.

    It stated that the initiative forms part of Qatar’s commitment to attracting outstanding students and supporting academic development across the region.

    The Institute, established in 2014 and located in Doha, noted that the scholarship aims to provide high-quality education in a diverse learning environment, while equipping students with leadership and research skills.

    The scholarship covers multiple academic fields including social sciences, humanities, public administration, development economics, and conflict and humanitarian studies.

    The scholarship consists of two categories – the Tamim Scholarship and the Sanad Grant.

    The Tamim Scholarship is merit-based and awarded to students with exceptional academic records, while the Sanad Grant is targeted at applicants with proven financial need.

    Both categories provide 100 per cent tuition waiver, free accommodation at Institute dormitories, monthly stipends, health insurance, and round-trip airfare to and from the student’s home country.

    The Institute stated that applicants must hold a recognised Bachelor’s degree, while final-year undergraduate students may also apply using their available transcripts.

    It added that there are no age restrictions, and candidates are required to submit identification documents, academic transcripts, a curriculum vitae, recommendation letters, a personal statement and an academic essay.

    The application window closes on Jan. 15, 2026, after which eligible students will receive application forms directly from the Admission Office.

    The statement advised interested candidates to create an account on the Institute’s application portal, upload the necessary documents and complete the online form before submission.

    Apply Link;https://brightscholarship.com/doha-institute-for-graduate-studies-scholarships-2026/

  • 4,000 Nigerians Lose Millions To Alleged Real Estate Ponzi Scheme

    More than 4,000 Nigerians have reportedly lost millions of naira to a suspected Ponzi scheme operated under the guise of an online real estate investment platform known as EMAAR.
    The development comes barely six months after the collapse of the N1.3 trillion Crypto Bridge Exchange (CBEX) Ponzi scheme, which left over 600,000 citizens stranded.
    Findings by journalists indicate that the promoters of EMAAR, who operated mainly through Telegram channels and fintech bank accounts, collected funds from subscribers between July and September 2025, promising 10-day returns. The platform reportedly crashed on October 27 before many investors could make withdrawals.
    The company had no known physical address, and its name was not found on the Corporate Affairs Commission database. It was further observed that the platform used a logo similar to that of a legitimate real estate company in India, though there is no evidence of affiliation.
    Victims across several states, including Oyo, Kaduna, Plateau and Rivers, narrated how they lost amounts ranging from N40,000 to nearly N2 million after paying into fintech accounts operated through Kuda and Moniepoint Microfinance Banks.
    A computer engineer in Ibadan, who declined to reveal his identity, said he lost N1.8 million.
    “There was no sign that they were about to fold up. Everything happened suddenly,” he lamented.
    In Kaduna State, an artisan and his family lost about N500,000. Some victims said the operators later demanded an additional N10,000 as “recovery fees” before disappearing and deleting their Telegram accounts.
    The Economic and Financial Crimes Commission (EFCC) urged victims to submit formal petitions to enable the agency to commence investigations. The commission’s spokesperson, Dele Oyewale, noted that the EFCC had earlier warned Nigerians about 58 unlicensed Ponzi operators still active in the country.
    “People are not adhering to our advisories and are not doing due diligence. Many are drawn into such schemes because of greed,” he said.
    When contacted, Moniepoint Microfinance Bank said victims must report to their banks and the police to activate investigation and possible account restrictions. A bank official confirmed that the merchant account linked to the EMAAR transactions had been deactivated for alleged.

  • Police Inspector Allegedly Kills Nephew Over ₦60,000 In Jalingo

    Police Inspector Allegedly Kills Nephew Over ₦60,000 In Jalingo

    A police inspector has been accused of killing his nephew over an alleged theft of ₦60,000 in the Nyabukaka area of Jalingo, Taraba State.
    Local sources identified the officer as “Inspector Baban Destiny,” and said he allegedly buried the victim in a shallow grave along a riverbank after the incident.
    Preliminary reports indicated that the inspector accused the boy of stealing the money before allegedly taking his life. The body was later exhumed on Friday by security operatives following information from community members.
    Residents of the area, who expressed shock over the incident, called for a thorough investigation to ensure that justice is served.
    Police authorities in the state have yet to issue an official statement as at the time of filing this report.
    The case has heightened public concern over rising incidents of extra-judicial actions involving security personnel across the country.

Verified by MonsterInsights