12 more institutions onboarded for student loan- NELFUND

12 more institutions onboarded for student loan- NELFUND

The management of the Nigerian Education Loan Fund on Wednesday said 12 state government-owned tertiary institutions have been onboarded to the student loan application pool. A statement signed by the Head, Media and Public Relations of the Fund, Nasir Ayitogo, noted that the onboarding followed the successful submission and verification of data completeness. “With this latest addition, the total number of participating state government-owned tertiary institutions has now increased from […]

July 10, 2024 18

BUSINESS

Interswitch eClat drives health tech with digital platform

A health-tech subsidiary of the Interswitch Group, Interswitch eClat, has reaffirmed its commitment to providing Nigerians with quality healthcare services through a smart health information platform. The Vice President of Business Development and Sales at Interswitch eClat, Dr Babajide Oyeduntan, announced that recently during the Lagos Health Summit 5.0, held at the MUSON Centre in Lagos. In a keynote address, the Vice President revealed SHIP, which was unveiled in partnership […]

July 4, 2024 9

BUSINESS

Japa: Outrage as UK-based driver remains on FG payroll

There was outrage on Sunday over a United Kingdom-based taxi driver, who remained on the Federal Government’s payroll despite migrating to the UK in 2022. The BBC had on Sunday reported that a 36-year-old Nigerian civil servant, referred to as Sabitu Adams (not real name), who moved to the United Kingdom in 2022, was still collecting the salary of a civil servant. ‘Collecting N150,000 monthly’ According to the report, despite […]

July 1, 2024 40

BUSINESS

FG meets local refiners over pricing, faults Dangote

The Federal Government, on Tuesday, declared that there was no importation of dirty fuel into Nigeria, countering the recent position of an official of the Dangote Petroleum Refinery. It declared this after meeting with oil marketers and local refiners of crude oil in Abuja, where parties at the meeting discussed issues about refined products’ pricing, issues of competition and the importation of products that are produced in Nigeria. Also at […]

June 26, 2024 51

BUSINESS

ICYMI: Tapswap adjourns token allocation date indefinitely

A popular tap-2-earn app, Tapswap, powered by TON Blockchain, has said the token allocation to users has been indefinitely postponed as the representatives are seeking the best ways to reward the tap-to-earn gamers. This was disclosed by a Head of Communications, Tapswap, John Robbin, on an X space on Wednesday. The app, which required users to repeatedly tap the icon in the centre of the Telegram Tapswap bot screen to […]

June 20, 2024 29

BUSINESS

JUST IN: CBN revokes Heritage Bank’s licence

The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According to the CBN, the bank’s management has been unable to stem the decline despite various […]

June 3, 2024 46

BUSINESS

Anambra labour monitors compliance, police warn against illegal enforcement

Organised Labour in Anambra State, comprising the Nigerian Labour Congress and Trade Union Congress said it has begun full monitoring of all affiliates unions and offices to ensure full compliance. This was disclosed in a press statement jointly signed by the state NLC Chairman, Humphrey Nwafor; Secretary, Gaius Chukwuka; TUC Chairman, Chris Ogbonna and Secretary, Alex Ebi, on Monday. The body said the exercise followed the directive of the national […]

June 3, 2024 24

BUSINESS

Elon Musk’s AI startup raises $6bn for market expansion

Elon Musk’s artificial intelligence startup xAI has raised $6bn in a Series B funding round backed by investors including Valor Equity Partners, Andreessen Horowitz and Sequoia Capital, among others. In a statement posted on its website on Sunday, the startup announced that the funds from this round would be used to bring xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies. “xAI […]

May 27, 2024 19

BUSINESS

International consumers owe Nigeria $51m for electricity — FG

International consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to the power users in 2023, the Federal Government revealed in the latest industry data showing the non-remittances by the consumers. Also, another group of customers categorised as bilateral power consumers did not remit about N7.61bn to the Nigerian power sector in 2023. The Nigerian Electricity Regulatory Commission condemned the development, describing it as a payment […]

May 27, 2024 22

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