Nigeria’s FX Reserves Gain $364 Million In Two Weeks, First Steady Climb Since January Peak

Nigeria’s external reserves have recorded a sustained rebound for the first time in 2025, rising by $364 million between April 30 and May 14, 2025. This marks the first consistent two-week upward trend in the country’s foreign reserves since they peaked on January 6, 2025, at $40.92 billion. According to the latest figures published by…

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FG Stops TETFund Support For Institutions With Less Than 2,000 Students 

The Minister of Education, Mr. Tunji Alausa, has announced that tertiary institutions with fewer than 2,000 students will no longer be eligible for funding from the Tertiary Education Trust Fund. Speaking on Friday at a one-day engagement with heads of institutions, bursars, and procurement directors in Lagos, Alausa said the Federal Government was repositioning the…

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85% Of Nigerian Foreign Scholarship Students Don’t Return – Minister Laments 

The Minister of Education, Mr. Tunji Alausa, has lamented that 85 per cent of Nigerian students sent abroad on government scholarships never returned to contribute to national development. This came as he announced that tertiary institutions with fewer than 2,000 students will no longer be eligible for funding from the Tertiary Education Trust Fund. Speaking…

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Senate Will Enforce Law Proposing 30% Value Addition Before Raw Materials Export – Akpabio 

Senate President Godswill Akpabio says the national assembly will enforce a law mandating a minimum of 30 percent local value addition before any raw material is exported. Akpabio spoke on Wednesday when he received members of the Raw Materials Research and Development Council (RMRDC), led by Nnanyelugo Martin Ike-Muonso, the council’s director-general, at his office…

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Court Jails Tailor For Impersonating, Defrauding EFCC Investigator

Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin, Kwara State, has sentenced a 27-year-old fashion designer, Haruna Musa Tolani, to 12 months imprisonment for impersonating and defrauding Callitus Egwuonwu, an investigating officer with the Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Directorate. Tolani, an indigene of Ilorin East Local Government Area…

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FLASH: Police Arrest Three Fake EFCC Operatives, Others

The police command in Niger says it has arrested three suspects, who posed as Economic and Financial Crime Commission (EFCC) operatives, abducted and robbed students of Ibrahim Badamasi Babangida (IBB) University, Lapai. A statement by the Command’s Spokesperson, SP Wasiu Abiodun, on Friday in Minna, indicated that two informants who aided and abetted the operation…

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