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Ahead of the Students' Loan portal launch this Friday, the Nigeria Education Loan Fund (NELFUND) has announced that it will initially offer loans to students in federal tertiary institutions. The Fund specified that only students from institutions that have uploaded their data onto its dashboard will be eligible to apply. Akintinde Sawyerr, Managing Director/Chief Executive Officer of NELFUND, made this announcement on Monday during a Pre-Application Sensitisation Press Conference in Abuja. He stated that the first phase of the scheme will benefit 1.2 million students from federal universities, polytechnics, colleges of education, and technical colleges. Sawyerr encouraged students in federal…
Air Peace, Nigeria’s flag carrier, has responded to allegations of safety violations in the United Kingdom. The airline, in a statement on Monday, asserted that its operations have been under intense scrutiny by authorities since its inaugural flight to London. The allegations stem from a report titled "Ramp Inspection," dated April 7, in which the United Kingdom Civil Aviation Authority (UK CAA) raised concerns about Air Peace’s compliance with certain UK safety regulations. The UK CAA claimed that Air Peace was using Electronic Flight Bag (EFB) functions without operational approval. However, Air Peace described the report as false, stating that…
Customers of Heritage Bank Plc, a major Nigerian financial institution, have called on the government and the Central Bank of Nigeria (CBN) to urgently address ongoing issues that have left them unable to conduct transactions for the past three weeks. In interviews with PREMIUM TIMES, many customers expressed frustration over their inability to withdraw funds from their accounts, leading to significant hardship. Despite the bank's notification of a "system refresh exercise" on May 13, which it claims to have completed successfully, customers reported continued difficulties accessing their money. Several account holders noted that while deposits into their accounts were not…
Hopes are fading that Iranian President Ebrahim Raisi and his foreign minister have survived a helicopter crash in mountainous terrain and icy weather, an Iranian official said on Monday after search teams located the wreckage. "President Raisi's helicopter was completely burned in the crash ... unfortunately, all passengers are feared dead," the official told Reuters. Rescue teams fought blizzards and difficult terrain through the night to reach the wreckage in East Azerbaijan province in the early hours of Monday. “We can see the wreckage and the situation does not look good,” the head of Iran’s Red Crescent, Pirhossein Kolivand, told…
The United Kingdom Civil Aviation Authority (UK CAA) has reported Nigeria’s Air Peace to the Nigerian Civil Aviation Authority (NCAA) for allegedly violating aviation safety regulations. This comes just three months after Air Peace began operating its Lagos-London route. The UK CAA has sent two mandatory occurrence reports concerning Air Peace, which have now been forwarded to the NCAA. The complaints were detailed in a letter titled "United Kingdom SAFA Ramp Inspection Report" (reference number: CAA-UK-2024-0217) and "NATS Management System Safety Report." In response, the NCAA has requested clarification from Air Peace on the issues raised. The NCAA’s letter, with…
Former Secretary to the Government of the Federation, Babachir Lawal, has asserted that Nigeria experienced a collapse following the inauguration of President Bola Tinubu on May 29, 2023. Speaking on Trust TV's Daily Politics, Lawal criticized Tinubu's sudden announcement of fuel subsidy removal on inauguration day, which he believes triggered a severe economic crisis before a cabinet was formed. Lawal highlighted that the immediate removal of the fuel subsidy caused a significant increase in transportation costs, which is essential for both businesses and the general populace in Nigeria. He argued that implementing such a drastic policy without having a cabinet…
Adebayo Adelabu, the Minister of Power, announced the federal government's decision to suspend the transfer of regulatory authority over electricity to state governments. This was revealed during the 8th Africa Energy Market Place (AEMP) conference held in Abuja on Friday. Earlier in April, the Nigerian Electricity Regulatory Commission (NERC) had transferred oversight of the electricity markets in Ondo, Ekiti, and Enugu to the states' electricity regulatory bureaus (OSERB). However, Adelabu stated that the suspension was necessary to ensure state governments and power sector stakeholders fully understand the requirements for operating an electricity market. Adelabu emphasized that a thorough understanding of…
The Federation Account Allocation Committee (FAAC) announced that the federal, state, and local governments shared N1.2 trillion for April, 2024. This information was disclosed in a communiqué released at the conclusion of the May 2024 FAAC meeting by Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), on Thursday. The allocation for April represents an increase of N85 billion compared to the N1.12 trillion distributed in March. The breakdown of the N1.2 trillion includes N284 billion in distributable statutory revenue, N466 billion in distributable value-added tax (VAT) revenue, N18 billion from…
The speakers of Nigeria’s 36 state houses of assembly have endorsed the national assembly's efforts to establish state police. This decision was outlined in a communiqué released after the Conference of Speakers of State Legislatures met in Abuja on Thursday. The communiqué was signed by Adebo Ogundoyin, Speaker of the Oyo House of Assembly and Chairman of the Conference. The speakers believe that state policing would address the growing insecurity in the country. "To achieve this, the Conference appeals to the National Assembly, Presidency, and other relevant stakeholders to leverage the ongoing constitution review exercise," the communiqué stated. Both chambers…
The Organised Labour has expressed strong disapproval of the Federal Government’s plan to use the N19.66 trillion pension funds for infrastructure development. This stance was detailed in a joint letter from the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) addressed to the Minister of Finance on Thursday in Abuja. The letter, signed by NLC President Joe Ajaero and TUC Deputy President Tommy Etim-Okon, was titled “Leave our Pension Fund Alone: Do not Tamper with Workers’ Funds.” The Labour leaders stated that the announcement has caused significant anxiety among Nigerian workers, who are the primary contributors to these…
March 15, 2025

Dangote Refinery further reduces petrol loading price amidst fresh crude supply from NNPCL

In a significant development in Nigeria's downstream oil sector, the Dangote Petroleum Refinery has further…
March 14, 2025

I know individuals in Tinubu’s govt who bought ministerial positions, El-Rufai claims

Former Kaduna State governor, Nasir El-Rufai, has revealed that he knows individuals who paid to…
March 14, 2025

How leaders train themselves to rethink and adapt faster

Paola Cecchi-Dimeglio Recognizing the value of rethinking is one thing—making it a habit is another.…
March 01, 2025

Man offers to split $525,000 jackpot with thieves who stole his credit card to buy…

A Frenchman appealed to the homeless thieves who stole his credit card to buy a…
March 14, 2025

Gunmen invade Kaduna communities, abduct 10

Suspected bandits have abducted ten villagers from three remote communities in Kajuru Local Government Area…
March 15, 2025

What to know after Day 1115 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin urges Kiev to order troops in Kursk Region to surrender Moscow is…
March 15, 2025

Humanoid robot with human-like competence unveiled in China

Du Qiongfang Humanoid robot manufacturer AgiBot in Shanghai unveiled on Tuesday its latest humanoid robot…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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