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The Nigerian Education Loan Fund (NELFUND) has unveiled a strategy to collaborate with recruitment agencies, providing direct employment opportunities for loan beneficiaries. Akintunde Sawyer, Managing Director of NELFUND, revealed this during an interactive session with the Coalition Against Corruption and Bad Governance (CACOBAG) in Lagos. The aim is to accelerate loan repayment by securing employment for beneficiaries shortly after graduation. Beneficiaries […]

President Bola Tinubu has endorsed comprehensive policies to revamp Nigeria’s education sector. These policies aim to enhance learning, skill development, enrollment, and the academic security of the nation’s children. The approved policies are collectively referred to as DOTS, which stands for: Image Source: Techeconomy Data Repository: Addressing the lack of coordinated, verifiable, and authentic data on various aspects […]

South Africa’s ecommerce sector is expected to exceed USD21 billion by 2025, with more than one billion transactions per year. This is largely due to the proliferation of smart devices and the expansion of internet connectivity which has created a viable environment for eCommerce to thrive in the country. South Africa’s e-commerce market is thriving, fueled […]

The Organised Private Sector (OPSN) has lamented that the new tariff of N225/kwh for Band A electricity customers, may trigger mass closure of businesses. The operators said that over 65 per cent of private businesses, especially manufacturing sector and SMEs, may be forced to close down due to the high electricity tariff. Nigerian businesses, represented by […]

HR Professionals Grapple with AI and Hybrid Work at SAP’s HR Connect Event The top challenges facing HR professionals in 2024 were the focus of discussions at SAP’s HR Connect event held today in Johannesburg. The key takeaways highlighted the significant impact of: Artificial Intelligence (AI): HR professionals are navigating how to integrate AI effectively while […]

Daniel Leigh, the division chief of the IMF Research Department, has projected that Nigeria’s inflation rate will decline by 23 percent next year and 18 percent in 2026. This is however different from the fund’s prediction of a new single-digit (15.5 per cent ) inflation rate for 2025 which it predicted last year. Nigeria’s Inflation Forecast […]

Kebbi state government handed over 10 hectares of land to NASENI to build an Agricultural Machinery Development Institute (AMEDI) in Birni Kebbi. This follows a federal directive for each of Nigeria’s six geopolitical zones to have an AMEDI. The land, located along the Birnin Kebbi-Argungu road, was officially transferred from Kebbi’s permanent secretary, Alhaji Dahiru […]

The Lagos Metropolitan Area Transport Authority (LAMATA) has announced a significant milestone for the Lagos Blue Line light rail system. In just 219 days of operation, the Blue Line has successfully transported over 1 million passengers. This impressive achievement was revealed by John Zhao, an official with the China Civil Engineering Construction Corporation (CCECC) – […]

Banking Fee Battle Heats Up: New Player Joins the Fight! A lawsuit challenging fees on Nigerian bank deposits has taken a surprising turn. The case, originally focused on a tax called “stamp duty,” now has a new participant: The School of Banking Honours (SBH). The Deposit Fee Feud A company named Kasmal International Services sued […]

Niger State Unveils Initiative to Boost Food Production with Carbon Credit Funds Nigerian farmers in Niger state are set to benefit from a new government initiative aimed at increasing food production. The program will provide access to federal carbon credit funds for 2,500 farmers. Carbon Credits for a Greener Future Carbon credits are a market-based […]