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Nigeria Targets Return of Foreign Students, Invests N75bn in Campus Power – TETFund Boss

The Business NG

The BusinessNG

75 Billion Allocated to Solve Power Crisis in School

The Tertiary Education Trust Fund (TETFund) has unveiled a strategic plan to reposition Nigeria's universities as regional academic hubs, with a focus on attracting foreign students, expanding health education, and providing alternative energy across campuses.

Executive Secretary of TETFund, Sonny Echono, disclosed the plan in an interview on Friday, saying the goal is to restore Nigeria's global educational reputation similar to what existed in the 1960s.

"We want to attract foreign students again, especially from Africa, as was the case decades ago," Echono said. "To achieve this, we're investing in infrastructure, digital tools, and modern research."

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The Business NG

Petrol Marketers, Nigerians Say Dangote's N75 Price Cut Falls Short, Demand Further Reductions

Petrol marketers and consumers have described the recent ₦75 per litre reduction in the gantry price of petrol by the as insufficient, arguing that a more significant price cut is warranted following the easing of geopolitical tensions in the Middle East.

1 min

BusinessNg

The Business NG

Court Grants Stay of Execution on Judgment Ordering Deregistration of ADC, Others

A Federal High Court in Abuja has granted a stay of execution on its earlier judgment that ordered the deregistration of the African Democratic Congress (African Democratic Congress) and four other political parties.

1 min

BusinessNg

The Business NG

Katsina Governor Bans Fuel Sales in Jerry Cans, Shuts POS Operations in Two LGAs Over Security Concerns

The Governor of , , has signed a new Executive Order prohibiting the sale, purchase, transportation and storage of petroleum products in jerry cans across the state with immediate effect.

1 min

BusinessNg

The Business NG

Cooking Gas Prices May Fall to N900/kg Soon — NALPGAM

The Nigerian Association of Liquefied Petroleum Gas Marketers has projected that the price of cooking gas could decline to as low as ₦900 per kilogram by the end of 2026, if current market and supply trends persist.

1 min

BusinessNg

The Business NG

"Don't Overburden Citizens" - Nigeria Reacts to IMF Fiscal Advice

VAT Hike and New Telecom Taxes

1 min

BusinessNg

The Business NG

$5bn UAE Loan Sparks Fresh Concerns Over Nigeria's Debt Burden

Nigeria's plan to secure a $5 billion from a United Arab Emirates-based financial institution for its 2026 budget has triggered renewed concerns over the country's rising debt profile and long-term fiscal sustainability.

1 min

BusinessNg

The Business NG

Ekiti 2026: APC, PDP, ADC Battle for One Million Votes as Guber Election Enters Final Stretch

With just five days to go before Ekiti State decides its next governor, political parties have intensified last-minute mobilisation efforts ahead of a tightly contested election expected to draw about one million voters.

1 min

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The Business NG

N700bn FAAC Every Month: States Under Pressure as Infrastructure Deficit Persists

Nigeria's state governments collectively receive over N700 billion in monthly allocations from the Federation Account Allocation Committee (FAAC), yet questions continue to mount over persistent infrastructure gaps and uneven development outcomes across the country.

1 min

BusinessNg

The Business NG

Nigeria Surpasses OPEC Quota, Posts Highest Oil Production in 11 Months

Nigeria has exceeded its crude oil production quota under the Organization of the Petroleum Exporting Countries (OPEC), recording its highest output level in nearly a year as efforts to stabilize the country's oil sector continue to yield results.

1 min

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The Business NG

Nigeria's Borrowing Strategy Under Scrutiny as Revenue Increasingly Goes Into Debt Repayment

Concerns are mounting over Nigeria's rising debt profile as a growing share of government revenue continues to be allocated to debt servicing, raising questions about the sustainability of the country's borrowing strategy.

1 min

BusinessNg