News

Federal Varsities Remain Tuition Free – Presidency

Published

3 years ago

July 26, 2023

Editor

The Presidency on Wednesday debunked the report that tuition fees in the federal Universities’have been increased, saying that there was no veracity in the report.

Recall that many universities including unity schools have announced an increase in the fees paid by students.

Unity schools which are owned by the federal government increased fees from N45,000 to N100, 000.

Besides, various universities have announced the new fees to be paid by students and the development has attracted outcry from both parents and students and the National Association of Nigerian Students, NANS, has told the government to perish the idea of fees hike.

But reacting to the plethora of outcry over the alleged hike in school fees in the ivory tower, Special Adviser to the President on Special Duties, Communications & Strategy, Mr. Dele Alake in a statement said that the federal universities are tuition free.

Alake explained that what happened was that some universities introduced discretionary charges for hostel accommodation, registration, laboratory and other charges which said are not tuition fees.

The statement read, “It was widely reported earlier this week across some news media outlets that the Federal Government had increased tuition fees in federal universities in the country.

“These reports are inaccurate and not correct.

“We are aware that some universities have in recent weeks announced increase in the amount payable by students on sundry charges.

“However, the fact remains and we have confirmed that these are discretionary charges by each university for hostel accommodation, registration, laboratory and other charges. They are not tuition fees.

“Authorities of these universities even made this fact clear enough in explaining the rationale behind these new fees.

“For avoidance of doubts, federal universities in Nigeria remain tuition-free.”

Continuing, he said, “President Bola Ahmed Tinubu remains committed to his promise of ensuring that every Nigerian, regardless of the economic situation of their parents, have access to quality tertiary education.

“In addition to the Students’ Loans Scheme, under the Student Loans Bill signed into law by President Tinubu last month, which will go into implementation ahead of the next academic session in September, the Federal Government will also strengthen other mechanisms to support indigent students.

“Parts of the government’s plans to make sure all diligent students complete their education on time, notwithstanding their parents’ financial situation, include work-study, merit-based scholarships and grants.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

24 minutes ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

3 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.