Connect with us

NEWS

Nigerians spend $609.5m in eight months for tuition in foreign institutions – CBN

Published

on

FG seeks help from Nigerians over CBN’s N20trn Loan

By Edozie Obasi-Eze

The large appetite for education in foreign institutions, particularly, tertiary saw Nigerians expend up to $609.5m between January and August 2022, in this regard.

Forex Pressure: CBN Offers N65 Bonus Per $1 on Nonoil Export Proceeds

The Central Bank of Nigeria (CBN), revealed, according to The Punch, “on the amount spent on educational services under the sectoral utilisation for transactions valid for foreign exchange.”

Monthly Expense on Foreign Education, January – August 2022

Month Expense (US$)m

January 60.21

February 69.9

March 87.26

April 78.62

May 82.70

June 84.90

July 61.99

August 84.01

This is evident that almost every Nigerian who can afford would not think twice in seeking education outside the shore of the country in pursuit of foreign academic qualifications.

Read also>>>Rigging no longer in vogue with BIVAS, electoral Act – INEC

Recent data released by the home office of the United Kingdom revealed that the number of study visas released to Nigerians increased by 222.8 per cent, with 65,929 issued as at June 2022 as against 20,427 in the same period in 2021.

This situation is made worse, at tertiary levels because lingering industrial actions, particularly by the Academic Staff Union of Universities (ASUU), the Academic Staff Union of Polytechnics (ASUP) and the Colleges of Education Academic Staff Union (CEASU).

As things stand, academic activities in Nigerian universities and colleges of education are grounded due to issues bordering on lecturers’ welfare amongst others.

NEWS

Dangote Refinery Cuts Petrol Price To ₦970 per Litre For Marketers

Published

on

The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers.

This new price, effective immediately, marks a ₦20 decrease from the refinery’s previous ex-depot price of ₦990 per litre, which was set earlier this month.

In a statement released on Sunday, Anthony Chiejina, the refinery’s Chief Branding and Communications Officer, explained that the price reduction is a way for the company to express its appreciation to Nigerians for their unwavering support in making the refinery a reality.

READ MORE: NDLEA Nabs Businessman For Using Ingestion To Smuggle Cocaine

“This decision is our way of thanking Nigerians for their unwavering support in making the refinery a dream come true,” Chiejina said.

The statement also highlighted the refinery’s gratitude towards the Nigerian government, acknowledging the role of government measures in supporting domestic businesses.

“In addition, this is to thank the government for their support, as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement read.

Despite the price cut, the refinery reassured consumers that there would be no compromise on the quality of its products. “While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable,” the statement added.

The company also committed to ramping up production to meet domestic fuel consumption and alleviate concerns over potential supply shortages.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply,” the statement concluded.

The price reduction is expected to save marketers approximately ₦20 per litre on purchases from the refinery’s Lekki-based plant.

 

Continue Reading

NEWS

I Am Just A Content Creator – Simon Ekpa Denies Biafran Leadership Role

Published

on

Simon Ekpa, a Finnish citizen of Nigerian descent and a controversial figure in the Biafran separatist movement, has dismissed his self-styled title of “Prime Minister of Biafra” as inconsequential.

Speaking during legal proceedings at the Päijät-Häme District Court in Finland, Ekpa stated, “I am just a content creator; the issue of Prime Minister of Biafra is not serious.”

READ ALSO: National Assembly In Top Gear For Tinubu’s 2025 Budget Presentation

Ekpa’s statement comes in the wake of his arrest by Finnish authorities on charges related to incitement of terrorism.

The Finnish National Bureau of Investigation (NBI) has accused Ekpa of public incitement to commit crimes with terrorist intent.

The arrest stems from an incident in Lahti on August 23, 2021, and officials are also seeking the detention of four other suspects linked to the case.

“The detention demands are related to a preliminary investigation in which a Finnish citizen of Nigerian descent, born in the 1980s, is suspected of public incitement to commit a crime with terrorist intent,” the NBI said in a statement.

Ekpa, who has used his social media platforms to advocate for Biafran independence, has been a divisive figure in Nigeria’s southeast region.

His rhetoric and actions, including calls for economic shutdowns through “sit-at-home” orders, have been linked to widespread unrest and disruptions in the region.

 

Continue Reading

NEWS

National Assembly In Top Gear For Tinubu’s 2025 Budget Presentation

Published

on

The National Assembly management team, led by Clerk Sani Magaji Tambawal, has ramped up efforts to ensure a seamless presentation of the 2025 Appropriation Bill by President Bola Ahmed Tinubu.

The event, scheduled for a joint session of the Senate and House of Representatives, is regarded as a significant moment in Nigeria’s legislative calendar.

Preparations include a thorough inspection of the assembly chambers to ensure all facilities are fully functional.

READ MORE: PDP Governors Probe Ondo Polls, Criticizes Edo Result

Deputy Clerk Kamoru Ogunlana, who is overseeing the technical arrangements, confirmed that key systems, including microphones, sound equipment, and other audio-visual tools, have been tested to ensure smooth communication during the session.

“We are working tirelessly to ensure that the National Assembly is fully prepared to receive Mr. President and provide a conducive environment for this significant moment in our democratic process,” Ogunlana stated.

Seating arrangements are also being finalized to accommodate lawmakers, government officials, and other dignitaries expected at the session.

Security measures are being reviewed in collaboration with relevant agencies to ensure the safety of all attendees. Meanwhile, press accreditation is being managed to facilitate effective media coverage.

The 2025 budget presentation is expected to highlight the government’s economic priorities while reinforcing the partnership between the executive and legislative arms of government.

As the session approaches, the National Assembly has expressed its commitment to upholding Nigeria’s democratic values and providing a platform for transparent governance.

 

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.