News

Why We Hiked School Fees – Ekiti Varsity

Published

1 year ago

November 25, 2024

The management of Ekiti State University, Ado Ekiti, has said that the increase in fees payable by fresh students for the 2024/2025 academic session is based on the need to complement the monthly subvention to the institution by the state government.

The Head, Directorate of Information and Corporate Affairs, Bode Olofinmuagun, said that the increase in the fees to be paid by fresh students was marginal.

Olofinmuagun gave the hint in a statement dated November 24, 2024, made available in Ado Ekiti, the state capital, on Monday.

According to a table made available by the Information Directorate Head, the new fees payable by the fresh students of Ekiti State origin are between N247,500 for the Faculty of Education and N982,500 for the Faculty of Medicine and Surgery while those of non-indigenes are between N307,000 (Education) and N1.13m (Medicine and Surgery).

Olofinmuagun stated that the decision to increase the school fees was “taken to complement the monthly government subvention to the university, which had been reviewed upward by Governor Biodun Oyebanji.

“For clarity, operational costs in the university have increased occasioned by the increase in prices of goods and services by about 200 per cent due to high inflation. Yet, the Governing Council of the university only adjusted the fees payable by freshers, by 50 per cent.

“It is equally important to state that there is a dire need for the university to keep the system running in terms of the provision of quality as well as state-of-the-art facilities to ensure that the university is relevant in the comity of universities across the globe,” he said.

Olofinmuagun, who said that the fees payable by returning students were not affected by the increase, said, “Also, the acceptance fees to be paid by freshers are not affected even when many other universities increased their acceptance fees.

“It is a verifiable fact that EKSU fees are very affordable compared with most state universities and many federal universities, not to talk of fees being charged per term by many private secondary schools across the country.”

He appealed to stakeholders, particularly students to be calm as a result of the issues surrounding the adjustment in fees.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

43 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

1 hour 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.