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The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has announced plans to collaborate with South Korea and Turkiye on vocational education and agricultural development in Nigeria. The partnerships aim to empower students with practical skills, establish vocational schools, create a mini electricity grid, and enhance business collaborations.
The University of Lagos (UNILAG) has introduced an instalment payment option for students in response to the recent fee increase. With this new initiative, students can now pay their tuition fees in instalments, easing the financial burden on both new and returning undergraduates. The article provides a breakdown of the payment process and highlights the importance of timely payments for examination dockets and registration.
Xejet, a business travel start-up based in Lagos, Nigeria, has been forced to suspend its air transport license (ATL) and air operator's certificate (AOC) following queries about the authenticity of insurance documents for one of its aircraft. The Nigeria Civil Aviation Authority (NCAA) has recently suspended Xejet's operations and grounded its fleet pending an investigation into the matter. Xejet's CEO, Emmanuel Iza, has assured that the necessary evidence of compliance has been provided and expects the suspension to be lifted soon.
The President of the National Association of Nigerian Students (NANS), Usman Barambu, has appealed to the House of Representatives to amend the Student Loan Act for easier access to loans for all Nigerian students. NANS also requested student representation on the board and inclusion of Polytechnics and Colleges of Education. The Registrar of JAMB, Professor Is-haq Oloyede, supported the need for loan coverage of other expenses beyond tuition fees. The article delves into the recommendations given by NANS and JAMB for the improvement of the student loan system in Nigeria.
Mobile Virtual Network Operators (MVNOs) in Nigeria are driving innovation and connectivity, helping to define the future of the telecommunications industry in Africa and other emerging economies. These operators, known for their early adoption of new technologies, are using tools such as cloud computing, artificial intelligence, and software-as-a-service to test new ideas and provide more affordable communications services. The new licensing framework in Nigeria is also driving investments in infrastructure and connectivity, benefiting both the MVNOs and local communities. As the MVNO market continues to grow globally, the key to success lies in understanding and connecting with niche markets.
The naira continues to weaken against the dollar as the demand for foreign exchange rises in Nigeria. The black market rate has reached an all-time low of N917 to a dollar, while the I&E window closed at N774.78/$. Experts are concerned about the depreciation of the naira and the widening gap between the official exchange rate and the parallel market rate. The country's foreign exchange reserves have also been declining, further exacerbating the situation.
The Nigerian Correctional Service (NCoS) and the National Open University of Nigeria (NOUN) have joined forces to relax admission requirements for inmates and personnel. This move aims to enhance the academic standing of inmates and prepare them for life after incarceration. Inmates with lower credit National Diplomas can now choose their desired courses, providing them with more opportunities and flexible academic programs.
Nigeria's President Bola Tinubu has submitted 28 nominees to cabinet positions to the Senate for approval, as he aims to revive Africa's largest economy. The list includes experienced politicians and technocrats, signaling a strategic approach to address the country's economic challenges. Tinubu's recent reforms, including the scrapping of a petrol subsidy and freeing up the exchange rate, have faced criticism for affecting the cost of living and inflation. However, with Tinubu's party majority in the Senate, it is expected that his cabinet picks will be confirmed.
Analysts are calling for the implementation of comprehensive policy measures to address the rising inflation in Nigeria. They highlight the need for fiscal and monetary authorities to adopt a flexible foreign exchange management model and diversify export potentials. The persistently high commodity prices, structural challenges, and geopolitical tension are expected to sustain the pressure on food prices. The impact of foreign exchange and fiscal reforms has not reflected in the core inflation reading, indicating the need for immediate action.
The House of Representatives has called on the Joint Admission and Matriculation Board (JAMB) to lift the three-year suspension ban placed on Ejikeme Mmesoma for her involvement in manipulating her UTME result. The teenage candidate manipulated her score from 249 to 362 and has apologized for her actions. The House Ad-hoc Committee is investigating the incident and measures to prevent future manipulations. The article delves into the apology, the committee's investigation, and the calls to extend UTME results validity to three years.
FastCash, an instant loan solution powered by First City Monument Bank (FCMB), has disbursed over 3 million loans worth N105 billion to Nigerians from all walks of life. Each loan was disbursed in less than five minutes, with no collateral or paperwork required. FastCash has become one of the most convenient ways for Nigerians to access funds and has bridged the credit gap in urban and rural areas. FCMB remains committed to financial inclusion and empowering individuals through innovative digital products.
Explore the impact of data bundles on e-learning in Nigeria and how it has revolutionized access to education. Discover how affordable data plans have expanded educational opportunities for students and professionals across the country.
Get insights on the best and most affordable data plans available for students in Nigeria. Discover different options from top network providers and make an informed decision for a seamless internet experience while studying.
Exploring the welfare initiatives for senior citizens in Nigeria, including retirement benefits and pension schemes that aim to support the elderly population in the country.
Find out the best data bundles for telecommuting and remote jobs in Nigeria. Discover the perfect plans and providers that will keep you connected and productive while working from home.
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