- 2 policemen, firewood scavengers killed by Boko Haram in Borno
- Fed Govt promises minimum wage review in less than two years
- Germany budgets €120m to attract foreign students
We have highlighted the five most important developments in the news today, Friday, January 10, and present them below.
5 issues in the news that should matter to you today
1. 2 policemen, firewood scavengers killed by Boko Haram in Borno: On January 9, two policemen were killed during a failed attempt to invade the Nganzai Police Division in Nganzai Local Government Area of Borno State by gunmen suspected to be members of the Boko Haram Terrorists, BHT.
This came as suspected BHT invaded parts of Gwoza LGA of the state and slaughtered an unspecified number of firewood scavengers, with five other persons escaping death with severe injuries after they stepped on Improvised Explosive Devices, IEDs while attempting to confront the gunmen.
2. Fed Govt promises minimum wage review in less than two years: The Minister of State for Labour and Employment, Nkeiruka Onyejeocha, has said the new minimum wage will be reviewed in less than two years.
Onyejeocha announced this while addressing reporters after a meeting with labour leaders in Umuahia, the Abia State capital, on Thursday, January 9.
3. CBN suspends export proceeds repatriation extensions: The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation, a move aimed at enforcing compliance with existing foreign exchange regulations.
This directive, which came through a January 8, 2025 circular, applies to oil and non-oil export transactions.
4. Senate grills finance minister over subsidy savings, debt servicing: On January 9, the Senate took on the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, over how much the Federal Government has saved and spent since the removal of fuel subsidy in June 2023.
Edun, who appeared before the Senate to defend the 2025 budget, was also tasked with determining how much the federal government spends on debt servicing.
However, the minister requested a closed-door session with the lawmakers to provide answers.
5. Germany budgets €120m to attract international students: On Thursday, January 9, the German Academic Exchange Service announced a €120m initiative to fund universities in preparing international students for the labour market.
The programme, supported by Germany’s Education Ministry, aims to address the country’s acute shortage of skilled workers by integrating international talent into its workforce.
The funding will support 114 projects across 104 universities under the “Campus Initiative for International Talents,” which runs until 2028.