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The President of the Academic Staff Union of Universities (ASUU), Emmanuel Osodeke, has accused the state governor of establishing the university solely to access funds from the Tertiary Education Trust Fund (TETFund). In an interview on Channels Television on Thursday, Osodeke stated that most governors were creating duplicate universities to profit from TETFund, rather than prioritizing education. According to Osodeke, …

In many Benue State communities, women especially suffer from the absence and non availability of staff and medicine in the PHCs many of which have been abandoned and left to rot. MANASSEH MBACHII reports that child birth and survival is a harrowing experience for residents of these communities who continue to live with the pains of government’s neglect. Juliana Innocent …

  Federal prosecutors overreached when they used an obstruction law to charge hundreds of Jan. 6 rioters, the Supreme Court ruled in an opinion that could also affect a case against Donald Trump. Joseph Fischer (center, holding phone) briefly entered the Capitol and met with police officers on January 6, 2021   The judges ruled that obstruction charges must include …

The Securities and Exchange Commission (SEC) has identified regulatory uncertainty, security concerns, and financial literacy as serious threats to the use of cryptocurrencies in the country. This was disclosed by the Director-General of the institution, Emomotimi Agama, at the 2024 Annual Conference of the Association of Capital Market Academics of Nigeria (ACMAN) on Thursday in Abuja. He said the Nigerian …

Here are the top 10 stories making headlines across the country. 1. Military claims stolen crude oil worth N10 billion successfully intercepted, more than 2,200 terrorists successfully neutralized The Nigerian military, on Thursday, announced the interception of stolen crude oil worth N10 billion and the neutralization of 2,245 terrorists.Read more 2. ‘Who doesn’t know that Nigerians are suffering, no more …

Police investigate death of former Konga boss, Nick Imudia. The Lagos State Police Command said it has launched an investigation into the death of former Konga Chief Executive Officer, Mr. Nick Imudia. Sources at the State Criminal Investigation Department, SCID, revealed that detectives from the Homicide Branch had visited the scene of the incident and would conduct forensic analysis of …

Nigeria’s naira has experienced a dramatic reversal of fortune, plummeting to the rank of worst-performing currency globally in the first half of 2024, according to a Bloomberg report on Friday.Read more This depreciation comes after a brief period of strengthening earlier this year, highlighting the challenges facing the Nigerian economy. Apart from the naira, the Egyptian pound and the Ghanaian …

The Nigerian government has come under fire from civil society organisation BudgIT for its unorthodox approach to budgeting. This was contained in a statement issued on Friday by its communications officer, Nancy Odimegwu. BudgIT strongly condemns the proposal to simultaneously implement four national budgets in the 2024 fiscal year. President Bola Tinubu recently sought National Assembly approval for an extension …

The Naira depreciated in the parallel market to N1,520 per dollar yesterday from N1,510 per dollar on Wednesday. Similarly, the Naira depreciated to N1,510.1 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,510.1 per dollar from N1,507.83 per dollar on Wednesday, indicating a depreciation of …

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), on Friday cast doubt on the effectiveness of Nigeria’s recent economic reforms, highlighting weaknesses in their implementation. In a statement released Friday via X, Moghalu acknowledged the unsustainability of petrol and foreign exchange subsidies. However, Moghalu acknowledged the need for these reforms but faulted the government’s approach …