Author: Vardiafrica

The student loan application portal will open on May 24, 2024, the Nigerian Education Loan Fund (NELFUND) said on Thursday. “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 official date for the opening of the portal for student loan applications,” NELFUND spokesman Nasir Ayitogo said NELFUND said “through the portal, students can now access loans to pursue their academic aspirations without financial constraints. “The portal provides a user-friendly interface for students to submit their loan applications conveniently,” the statement further read.…

The Federation Account Allocation Committee (FAAC) disbursed a total of N1,149.816 trillion which came in as revenue in January 2024 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, electronic money transfer levy revenue of N18.024 billion, and exchange difference revenue of N438.884 billion. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for April 2024, a statement by the Director of Press and Public Relations…

Vice President Kashim Shettima says President Bola Ahmed Tinubu-led federal government has performed well in its fiscal responsibilities and management, as the administration maintains transparency in financial dealings. He cited the recent ranking by global credit rating agency, Fitch, which upgraded Nigeria’s credit outlook to positive, describing it as a reflection of increasing confidence in the nation’s economy. Senator Shettima spoke on Thursday during the 141st meeting of the National Economic Council (NEC) at the Presidential Villa, Abuja, according to a statement by his media aide, Stanley Nkwocha. “There is no doubt that this government has demonstrated transparency in its…

The Minister of the Federal Capital Territory, Nyesom Wike, received the visiting President of Senegal, Bassirou Diomaye Faye, on Thursday. DAILY POST reports that Faye is in Nigeria on an official visit to President Bola Ahmed Tinubu. Wike welcomed the Senegalese President on his arrival at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, on behalf of President Tinubu. The FCT Minister conferred on him the honorary citizenship of Abuja with the presentation of the symbolic key to the city. According to the minister, the key conferred on the Senegalese President all the rights and privileges of a…

President Bola Tinubu has welcomed President Bassirou Diomaye Faye of Senegal to the State House, Abuja. The President was flanked by senior members of his cabinet who were on hand to receive the Senegalese leader to the nation’s capital. Faye, who was just sworn in as the President of the West African country in April, is in Abuja on an official visit. Tinubu was in attendance when Faye was sworn in April as Senegal’s youngest president after sweeping to a first-round victory on a pledge of radical reform 10 days after he was released from prison. The 44-year-old has never…

The Academic Staff Union of Universities (ASUU) has threatened to stop rendering services after the next two weeks if the President Bola Tinubu administration fails to pay public university lecturers their withheld salaries. The national president of ASUU, Professor Emmanuel Osodeke, stated this while speaking on Channels Television’s breaksfast show, ‘Sunrise Daily’, monitored by our correspondent in Abuja on Thursday. He said it was unfair for the Federal Government to pay lecturers four months of their 2022 withheld salaries and held on to the remaining three-and-half months. Osodeke also argued that public universities in the country have so far covered…

The Governor of Rivers State, Siminalayi Fubara, has warned political players in the state against violence, vowing that anyone who harms another in the name of politics would pay for the crime. Fubara issued the warning during the flag-off of the construction of Elele-Omoku Road in the oil-rich South-South state on Thursday. He admonished local government chairmen in the state to conduct themselves and remain peaceful till the end of their tenure. “When we left Aleso the other day, some people went there and attacked our people. There is no need for it. Nobody has the monopoly of violence. I…

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 procedure, is not a breach of the right to privacy Justice Nnamdi Dimgba struck out a suit filed by a Lagos-based lawyer, Chris Eke, seeking a declaration that the regulation as contained in Section 6(a)(iv) of the Central Bank of Nigeria (Customer Due Diligence) Regulations, 2023, is undemocratic, unconstitutional, null and void, to the extent of its inconsistency with Section 37 of…

The senate has passed a bill seeking to establish the North West Development Commission. The upper legislative chamber passed the bill on Thursday after Kaka Shehu, chair of the special duties committee, presented a report on it. Shehu said the intent of the bill is to stimulate socio-economic development in the region. “The intent and purpose of the bill is structured for the socio-development of the north-west geopolitical zone,” he said. “It is recommended that the senate do approve of the bill.” Speaking after the consideration of clauses in the bill, Jibrin Barau, deputy senate president, said the legislation seeks…

Emirates Airlines says it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai.In a statement on Thursday, the airline, with its hub in the United Arab Emirates (UAE), said flight services will be operated using a Boeing 777-300ER. Emirates’ Deputy President and Chief Commercial Officer, Adnan Kazim, said, “We are excited to resume our services to Nigeria. The Lagos-Dubai service has traditionally been popular with customers in Nigeria and we hope to reconnect leisure and business travellers to Dubai and onwards to our network of over 140 destinations. “We thank the Nigerian…