Business
MAPOLY Students Begin Receiving Student Loan Payments
Students at Moshood Abiola Polytechnic (MAPOLY) in Abeokuta have begun receiving credit alerts for the student loans they applied for, according to the institution’s Rector, Dr. Adeoye Odedeji.
Speaking at the inauguration ceremony of the newly-elected Students Union Government (SUG) members on Friday in Abeokuta, Dr. Odedeji confirmed that several students had already received the funds in their bank accounts.
The Rector expressed satisfaction with the swift disbursement of the loans, noting that it would significantly ease the financial burden on many students and enable them to focus more on their studies.
He commended both the students and the administration for their cooperation in ensuring a smooth application process.
Dr. Odedeji further highlighted the importance of the student loan program in promoting access to higher education, especially for those facing financial difficulties.
He encouraged students who had not yet applied for the loans to take advantage of the opportunity, emphasizing that the initiative is designed to support their academic journey and future success.
The event also marked the official swearing-in of the new SUG leaders, where Dr. Odedeji called on them to be proactive in representing the student body and working collaboratively with the institution’s management to foster a positive and productive campus environment.
Dangote Refinery has announced a fresh reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.
The company, which is one of Nigeria’s leading oil producers, announced in a statement shared by its spokesperson, Anthony Chiejina, on its official X account on Thursday.
Effective immediately, Dangote Refinery has lowered the ex-depot price of petrol to N899.50 per litre, down from the previous rate of N970.
In his statement, Chiejina mentioned the company’s commitment to helping alleviate the financial burden on consumers during the holidays.
“We have now announced a new price of N899.50 per litre.
This reduction is designed to ease transport costs during the festive period,” he said.
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS.
From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.”
In addition to the price reduction, Dangote Refinery has introduced a new incentive to make fuel more accessible for consumers.
Chiejina explained that for every litre of petrol purchased on a cash basis, buyers will have the opportunity to acquire an additional litre on credit.
This offer is backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank, providing customers with more flexible payment options.
Price of beans drops and news excites traders and consumers. Residents as well express joy with price drop amid the upcoming Christmas holiday. According to a report, the price of beans has sustained a slight drop as 100kg bag of beans is sold for 150k Naira to 140k.
The price of a bag has now dropped to 100k to 120k, depending on the type of beans. It was reported that the price of beans has been dropping for the past two weeks unlike the past months.
Nigeria’s Oil Production increased in November 2024 and has reached 1.69 Million per day going 10% increase compared to that of October production.
This now secures Nigeria’s oil production as the top in the Africa Oil Production.
The crude oil production rose with 11.42% but the condensation production reduced. Despite the great progress of the production, Nigeria’s oil production still has not reached their 2024 goal of 1.78mbpd.
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