Year: 2024
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Flood Reportedly Wrecks Havoc at UI Students’ Hostel
Flood has reportedly wrecked havoc in some of the hostels at the University of Ibadan (UI). The Nation gathered the affected hall of residence is Awo Hostel where about 16 rooms in the underground floor were completely submerged with students’ properties floating on water. Documents, books, foodstuff and other valuable properties of the students were…
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JUST IN: Police Return N1m Extorted from 3 Lagos Corps Members
The Lagos Police Command has facilitated the return of N1m extorted from three members of the National Youth Service Corps (NYSC) by four police officers in Surulere area. An X user, Oluyemi Fasipe, shared that the officers allegedly extorted N1 million from three unidentified corps members for failing to produce a physical copy of a…
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FULL LIST: FG Announces Exemption of 63 Items from VAT
The Federal Government has officially announced the exemption of 63 items from Value-Added Tax (VAT). This development forms part of the broader fiscal policy and tax reforms aimed at bolstering various sectors, including clean energy, transportation, and oil and gas. The announcement was made by Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal…
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FG Approves Concurrent Running of Degree, NCE for Colleges of Education
The Nigerian Government has approved the Dual Mode of concurrently running degree and Nigeria Certificate in Education (NCE) programmes in colleges of education across the country. Executive Secretary of the National Commission for Colleges Education (NCCE), Professor Paulinus Chijioke, made this known on Friday at the 2024 National Teachers’ Day celebration organised by the Colleges…
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FG Disburses N150,000 To Small Business Owners
The Nation Newspaper Vice President, Senator Kashim Shettima yesterday disbursed N150,000 grants to Micro, Small and Medium Enterprises (MSMEs). He said President Bola Ahmed Tinubu directed the disbursement to business owners in Enugu State. Shettima also inaugurated Nigeria’s largest Ultra-Modern MSME Fashion Hub in the Enugu State capital. He said President Tinubu’s commitment to creating…
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FG Hints On Plan To Reduce Cost of Electricity
Federal Government through the Minister of Power, Adebayo Adelabu yesterday said average cost of electricity may reduce as ongoing efforts to improve generation and distribution of power take firm root. He made this known in Abuja when Executive Secretary, National Lottery Trust Fund, Mr. Tosin Adeyanju and his management team visited him. Adelabu said while…
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Like ASUU, Polytechnic Lecturers Issues 2-week Ultimatum to FG
The Academic Staff Union of Polytechnics, ASUP, has towed the path of its sister union in the university, the Academic Staff Union of Universities, ASUU, by issuing a two-week ultimatum to the Federal Government, urging the resolution of various longstanding issues affecting the polytechnic sector. The ultimatum, which begins on October 7, 2024, and concludes…
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Naira Appreciates at Parallel
The Naira yesterday appreciated to N1,700 per dollar in the parallel market from N1,705 per dollar on Monday.Similarly, the Naira depreciated to N1,669.15 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,669.15 per dollar from N1,541.94 per dollar on Monday,…
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Anxiety mounts as ASUU holds crucial meeting
Vanguard News Tension is high within Nigeria’s university community as the national leadership of the Academic Staff Union of Universities (ASUU) prepares to meet on Thursday, in Abuja. The union is expected to deliver a “State of the Nation” address during the meeting scheduled for this morning, fueling uncertainty, especially among students, as many fear…
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High living cost: FG removes VAT on diesel, cooking gas, electric cars, others
The Federal Government has exempted a range of various energy products, including diesel, Liquefied Natural Gas (LNG), also known as cooking gas, Compressed Natural Gas (CNG), and electric vehicles, among others from value added tax (VAT). The announcement was made by Mohammed Manga, Director, Information and Public Relations in Federal Ministry of Finance via a…