The Invisible Roster: Why PTA-Funded Teachers Are Carrying the Federal Education System

The Invisible Roster: Why PTA-Funded Teachers Are Carrying the Federal Education System

Investigations across public secondary schools and the network of Federal Government Colleges, historically celebrated as Unity Schools, have exposed a startling reality in basic and secondary education. The functional majority of classroom instructors delivering daily lessons in core subjects, ranging from foundational mathematics and physical sciences to language arts, are not civil servants on the…

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Naira Firms at 1,344 as Dollar Supply Expands

Naira Firms at 1,344 as Dollar Supply Expands

The Nigerian naira strengthened to 1,344.45 per US dollar on Thursday morning as foreign exchange liquidity improved across formal trading desks. Indicative pricing on the official market showed steady gains from earlier closes near the 1,350 mark. Street dealers in the parallel market sold the greenback for roughly 1,404 naira, leaving the gap between the…

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Thirteen Listed Firms Pay N861bn Interim Dividends

NGX Loses N5trn as Pre-Election Jitters Bite

A week of aggressive profit-taking and political unease wiped five trillion naira off the Nigerian Exchange. The sharp downturn snapped a historic rally that recently took total market capitalisation past the 160 trillion naira mark. Institutional desks and retail speculators dumped banking and industrial counters to lock in swift capital gains. The seven-day retreat exposed…

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PTAD Pays N3.82bn Arrears to 30,356 Pensioners

PTAD Pays N3.82bn Arrears to 30,356 Pensioners

The Pension Transitional Arrangement Directorate has paid 3.82 billion naira in pension arrears to 30,356 retirees under the Defined Benefit Scheme. The agency released the money after completing a nationwide audit of disputed calculations. Beneficiaries span parastatals, defunct agencies, and tertiary health and education departments. Senior citizens have waited years for the state to settle…

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Russian Ballistic Missiles Kill 12 in Kyiv

Russian Ballistic Missiles Kill 12 in Kyiv

Russian ballistic missiles struck the Ukrainian capital early on Thursday, killing at least 12 people and wounding more than 30. The overnight bombardment sparked major fires across multiple districts and cut electricity supplies to roughly 90,000 households. According to the Reuters News Dispatch, the missile salvo tore through residential tower blocks, industrial warehouses, an educational…

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