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The President of Nigeria, Asiwaju Bola Tinubu has approved the appointments of at least 555 persons to serve as Pro-chancellors/Chairmen and members of Governing Boards of 111 federal universities, polytechnics and Colleges of Education. This followed the President’s assent to a list of nominees selected by the Ministry of Education and signed by the ministry’s […]

On Monday 13th May 2024, Hon. Justice M.C Eluke, a distinguished Judge of the High Court of Enugu State, delivered an enlightening lecture to interns at Obra, focusing on essential aspects of the Nigerian legal system. The lecture aimed to prepare the aspiring lawyers for their journey through the Nigerian Law School and their future […]

By Justina Asishana, Minna The proposed mass wedding of 100 orphaned girls in Mariga Local Government Area of Niger State has attracted more attention than was intended. A move that began as a simple intention to help girls whose parents were killed by bandits has metamorphosed into a full fledged verbal war tinted with religious […]

Oil Prices Climb Ahead of OPEC Output Decision Crude oil prices gained amid falling inventories and an uncertain economic backdrop, ANZ Bank said in a Friday note. Brent crude rose 0.3% to US$83.55 per barrel and West Texas Intermediate crude edged higher by 0.2% to US$79.38/b at last look early Friday. Sentiment remained supported by […]Read More

KYC: Court Upholds Directive to Banks to Collect Customers Social Media Handles The Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the social media handles of their customers, as part of the standard Know-Your-Customer (KYC) procedure, is not a […]

Trying to Make Naira Appreciate in Hurry Won’t Work – Atedo Peterside The founder of Stanbic IBTC and ANAP Foundation, Atedo Peterside, says the urgency with which the President Bola Tinubu-led administration wants the naira to appreciate against the dollar and other foreign currencies is not the best approach to return the currency to a […]

Student Loan Application Portal to Open May 24 –Official The student loan application portal will open on May 24, 2024, the Nigerian Education Loan Fund (NELFUND) has said. “The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr are thrilled to announce the 24th of May, 2024 as the […]

FAAC Disburses N1.2Trn May Allocation to FG, States, LGs The Federation Account Allocation Committee (FAAC) disbursed a total of N1.208 trillion to the federal government, states, and local government areas. The allocation, shared during the May 2024 FAAC meeting comprised distributable statutory revenue of N284.716 billion, distributable Value Added Tax (VAT) revenue of N466.457 billion, […]

NGX Equity Market Rebounds by N467bn The Nigerian Exchange Ltd. (NGX) on Thursday posted a first week gain with the market capitalisation rebounding by N467 billion, amid renewed interests by investors. Specifically, the market capitalisation which opened at N55,058 trillion, gained N467 billion or 0.84 per cent, to close at N55,525 trillion. The All-Share Index […]

AfDB Urges Nasarawa on Infrastructure Development, Service Delivery The African Development Bank (AfDB), has urged the Nasarawa State government has tasked the private sector investment for infrastructure development and service delivery. The AfDB’s President, Dr Akinwumi Adesina, said this at the Nasarawa Investment Summit in Lafia, with the theme “The Industrial Renaissance.” Adesina was represented […]

Africa’s Transformation: AfDB Inaugurates 2024 Economic Outlook Report The African Development Bank (AfDB), is set to inaugurate the 2024 edition of its flagship African Economic Outlook (AEO) to accelerate Africa’s transformation. The President of AfDB, Dr Akinwumi Adesina, in a statement on Thursday, said he would inaugurate the report with African finance ministers, central bank […]

FG to Pay N130bn as Part of Gas Supply Debt – Minister The Federal Government says it will soon begin the payment of N130 billion as part of gas supply debts in the Nigerian Electricity Supply Industry (NESI). The Minister of Power, Mr Adebayo Adelabu, said this on Thursday at the 2024 Eight Africa Energy […]