The Nigerian Education Loan Fund (NELFUND) has condemned some tertiary institutions for delaying or refusing to refund tuition fees to students who had already paid before their education loans were disbursed. The agency also expressed concern over reports that some institutions have arbitrarily increased tuition fees and other charges, warning that such practices undermine the objectives of the Federal Government’s student loan scheme. In a statement issued on Monday in Abuja, Oseyemi Oluwatuyi, NELFUND’s Director of Strategic Communications, said the student loan programme was established to remove financial barriers to higher education—not to create new burdens for beneficiaries. “The Student…
Author: Elvis Eromosele
Nigeria’s pension fund assets rose to a record ₦31.32 trillion in May 2026, underscoring the resilience of the country’s pension industry despite persistent inflationary pressures, exchange rate volatility and broader economic challenges. The latest unaudited report released by the National Pension Commission (PenCom) shows that total pension assets increased by ₦384.98 billion in May, representing a 1.23 per cent month-on-month growth from ₦30.94 trillion recorded in April. On a year-on-year basis, pension assets expanded by 29.5 per cent, rising from ₦24.18 trillion in May 2025. The sustained growth reinforces the pension industry’s position as one of Nigeria’s largest sources of…
Following months of competition involving more than 13,000 secondary schools across Nigeria, MILO has unveiled the twelve schools that will compete at the National Finals of the 26th MILO School Basketball Championship (MSBC), reaffirming its long-standing commitment to using sport as a platform to help young people build confidence, resilience, discipline and leadership. Since its launch in 1999, the MILO School Basketball Championship has grown into one of Nigeria’s longest-running grassroots sports development initiatives. What began with fewer than 500 participating schools has evolved into a national platform that reaches over 13,000 secondary schools annually, creating opportunities for young athletes…
The Nigerian Communications Commission (NCC) has been ranked among the top three best-performing Ministries, Departments, and Agencies (MDAs) of the Federal Government in the 2026 Public Service Reforms Performance Assessment conducted by the Bureau of Public Service Reforms (BPSR). In the latest Public Service Reforms Performance Assessment, the Commission was ranked third overall, following a comprehensive evaluation across key reform indicators, including the Self-Assessment Tool (SAT), Freedom of Information (FOI) Compliance Score, Fiscal Transparency and Integrity Index, and official website performance metrics. In the ranking, the Nigerian Investment Promotion Commission (NIPC) and Nigerian Export Promotion Council (NEPC) came first and…
Jennifer Adighije, Managing Director of Niger Delta Power Holding Company (NDPHC), has highlighted the transformative role of Artificial Intelligence (AI) and Machine Learning (ML) in enhancing operational efficiency, reliability, and power generation across the company’s electricity assets. Speaking during an engagement with the Nigerian Economic Summit Group (NESG), Adighije said the deployment of advanced digital technologies is helping the company optimise plant performance, reduce equipment failures and improve electricity supply. She disclosed that NDPHC has adopted AI-powered predictive maintenance systems that enable engineers to detect potential equipment failures before they occur, allowing timely interventions that minimise downtime and maintenance costs.…
The Chartered Institute of Stockbrokers (CIS) has unveiled plans to raise a ₦5 billion endowment fund to develop young investment professionals and strengthen Nigeria’s capital market as part of efforts to position the country as a globally competitive investment destination. The initiative was announced by Dr. Fiona Ahimie, the newly inaugurated President of the Institute, who said the fund would provide financial support to talented young Nigerians seeking careers in the securities and investment industry but lacking the resources to obtain professional qualifications. Ahimie, who made history as the first female President of the Institute, said the endowment fund forms…
The Federal Government’s domestic borrowing surged by 75.6 per cent in the 12 months to May 2026, raising fresh concerns over the outlook for inflation, interest rates and the stability of the naira. Fresh data released by the Central Bank of Nigeria (CBN) shows that credit to the Federal Government rose to ₦40.38 trillion in May 2026, up sharply from ₦22.99 trillion recorded in the corresponding period of 2025. The figures also show that government borrowing increased by ₦779.7 billion between April and May 2026 alone, underscoring the pace at which the government is relying on the domestic financial system…
The Federal Government has banned commercial motorcycles (okada) and tricycles (keke Marwa) from operating on the Lagos-Calabar Coastal Highway as part of measures to protect the newly constructed road and improve safety for motorists. The directive, which takes effect this week, was announced by the Federal Ministry of Works in a statement issued by Olufemi Dare, the Federal Controller of Works in Lagos. The ministry said the restriction forms part of a broader traffic management strategy aimed at preserving the multi-billion-naira highway and preventing activities that could compromise its lifespan and functionality. In addition to the ban on commercial motorcycles…
By Ishola N. Ayodele, fimc-CMC “It is not what you say but what the audience hear that matter” Ishola Ayodele In politically charged environments, audiences often hear what they want to hear rather than what is actually said. This phenomenon underscores my fundamental principle of strategic communication: the onus of understanding in communication does not rest on the audience, it is on the speaker. As Nigeria’s First Lady, Senator Oluremi Tinubu, recently discovered, even well-intentioned remarks can ignite widespread backlash when stripped of context and amplified through digital echo chambers. The Background On June 26, 2026, Nigeria’s First Lady addressed…
The National Assembly has said the proposed National Youth Service Corps (NYSC) Trust Fund will transform the scheme from a platform for national service into a catalyst for entrepreneurship, innovation and wealth creation for young Nigerian graduates. Martin Esin, Chairman of the House of Representatives Committee on Youth Development, stated this during an oversight visit by committee members to the NYSC Orientation Camp in Port Harcourt. Esin said the NYSC Trust Fund Bill, which has been passed by the National Assembly and is awaiting Presidential assent, represents one of the most significant reforms in the history of the scheme. According…