Only 1,850 out of the 16,000 that applied will be given admission- LASUSTECH VC

11 Jan 2023

14,150 of the 16,000 candidates that applied for admission into the Lagos State University of Science and Technology (LASUSTECH), Ikorodu, will not be able to achieve the dream. The Vice-Chancellor of LASUSTECH, Prof. Olumuyiwa Odusanya, said on Tuesday that the institution planned to admit 1,850 pioneer students out of the 16,000 candidates that applied for […]

Continue Reading

Buying petrol for N300 per litres is not bad- Timipre Sylva

11 Jan 2023

Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has explained that the current pump price of petrol across states is not too bad when other factors causing the hike are carefully considered. The minister, who was addressing a press in Abuja on Monday, said he will not feel bad about buying petrol at N300 […]

Continue Reading

AEDC bemoans Abuja’s ongoing equipment vandalism

10 Jan 2023

The Abuja Electrical Distribution Company (AEDC) is appalled by the ongoing vandalism to its property in Abuja. AEDC also bemoaned the theft of a $5 million underground power wire in the region, which prevented it from providing its services. Donald Etim, the Chief Marketing Officer of AEDC, explained in a statement that recently, 185 meters […]

Continue Reading

CBN cash withdrawal limit starts today

10 Jan 2023

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. Individuals or organisations that have a compelling need to withdraw above the approved […]

Continue Reading

Why the new naira note leaves ink when rubbed on white surfaces- MINT

09 Jan 2023

The Nigerian Security Printing and Minting (NSPM) Plc also called MINT, Friday, explained why the new Naira notes leave ink when rubbed on plain white surfaces while stressing that best international best practice was followed in their production. The company, also referred to as The MINT, is responsible for producing the naira, Nigeria’s currency. In […]

Continue Reading

Covenant University Chancellor set to construct Faculties of Law and Medicine

09 Jan 2023

The Chancellor, Covenant University, Dr David Oyedepo, has announced that the University is set to commence the construction of the facilities for Law and Medicine programmes. The Chancellor made this known while responding to a passionate plea by the President of the Nigerian Bar Association, Mr. Yakubu Maikyau at the University’s 17th Convocation Ceremony on […]

Continue Reading

CBN bans over-the-counter withdrawal of new notes

08 Jan 2023

The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex bank directed the banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of the January 31, 2023 deadline […]

Continue Reading

FG issues a deadline to operators for naming oil well owners

07 Jan 2023

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given all lease and license holders in the country’s oil and gas industry a seven-day deadline to reveal the true owners of their businesses. NUPRC Chief Executive Gbenga Komolafe signed the order on Thursday.  He emphasized that the commission would collaborate with interested parties to put the […]

Continue Reading

NMDPRA seals 13 Filling Stations in Akwa Ibom

07 Jan 2023

THE Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed a total of 13 filling stations in Akwa Ibom State for dispensing petrol above the approved pump price. The team lead, Distribution Systems Storage and Retailing Infrastructure, Mr Joy Koro made this known while fielding questions from newsmen during monitoring and surveillance exercise carried […]

Continue Reading