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Institute Seeks Regulatory Commission to Fix Nigeria’s Ailing Courier, Logistics Sector

Professor Simon Emeje, Chairman of the Courier and Logistics Management Institute (CLMI), has called for the urgent establishment of an independent regulatory commission to reposition Nigeria’s courier and logistics industry. Despite being Africa’s largest economy, Nigeria is among less than 3% of countries without such independent regulation, leaving the industry plagued by inconsistent tariffs, conflicting policies, and a harsh business climate. Emeje warned that stagnant regulation forces firms to close or shift sectors and lamented overlapping controls from customs and other agencies. He emphasized the need for technical, not political, oversight and expanded professional training in logistics. He noted the sector’s economic potential (valued at $60 billion, with assets up to ₦20 trillion) and called for logistics education in universities. Emeje also highlighted the long-delayed regulatory bill, drafted in 2005 but never enacted, and urged Nigeria to boost intra-African trade […]

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NAICOM Directs Insurance Customers to Link NIN to Policies

The National Insurance Commission (NAICOM) has issued a directive requiring all insurance companies and brokers in Nigeria to collect verifiable identity details—including the National Identification Number (NIN), Bank Verification Number (BVN), and Corporate Affairs Commission (CAC) documents for corporate clients—before initiating or renewing any insurance policy. The directive, effective immediately, is designed to strengthen market transparency, fight financial crime, and align insurance with national integrity standards. Policies already in force must be updated to include the required identity details by December 31, 2025. For group/corporate coverage, comprehensive employee lists with all relevant data must be provided before activation. NAICOM warned that insurers and brokers failing to comply will face regulatory sanctions. The agency encourages customer sensitisation campaigns and will monitor compliance closely to ensure a more secure, resilient, and competitive insurance sector.

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NELFUND Reaches One Million Student Loan Applications

The Nigerian Education Loan Fund (NELFUND) has announced that its student loan programme has reached over one million applications on its official portal, marking a major milestone for a government-backed social initiative under the Tinubu administration. In a statement released on Sunday by Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, the fund said the achievement came less than a year after the programme’s official launch on May 24, 2024. It described the milestone as clear evidence of growing national trust and confidence in the student loan scheme. According to NELFUND, more than ₦116 billion has been disbursed so far to students in universities, polytechnics, and colleges of education across the country. The funds cover tuition fees and upkeep allowances for eligible beneficiaries. The Managing Director of NELFUND, Akintunde Sawyerr, said the development demonstrates the success of President Bola Tinubu’s […]

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Haruna Iddrisu Makes Ghanaian Mother Tongue Compulsory in All Schools

The Minister of Education, Haruna Iddrisu, has announced that the use of Ghanaian mother tongue as a medium of instruction is now compulsory in all schools across the country. He made the declaration in Accra during the launch of the Free Tertiary Education for Persons with Disabilities initiative, emphasizing that the directive takes immediate effect. “I am directing the Director-General of the Ghana Education Service and the GES that from today, teacher use of mother tongue instruction is now compulsory in all Ghanaian schools,” Mr. Iddrisu said. The minister described the move as a key step toward transforming Ghana’s education system and reinforcing cultural identity. He tasked the Ghana Education Service (GES) to ensure strict enforcement of the new directive in every school nationwide. “The GES is to ensure strict enforcement of this. The Ghanaian child was not born into […]

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UK reduces post-study work visa for foreign students to 18 months

The United Kingdom has announced that the post-study work period for international students will be reduced from two years to 18 months starting January 2027. This policy will affect all foreign students, including Nigerians. The UK Home Secretary, Shabana Mahmood, made the announcement on October 14, explaining that the change aims to ensure tighter immigration control while maintaining the country's appeal to global talent. According to a statement released on the UK Government’s website, international graduates will now have 18 months after completing their studies to find a graduate-level job. The new rule is part of the government’s immigration white paper and Plan for Change, which focuses on strengthening the local workforce and managing migration. The statement also noted that the Immigration Skills Charge (ISC) paid by employers sponsoring skilled foreign workers will rise by 32 percent. This is the […]

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