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    NIGERIAN GOVERNMENT

    UK student visa refusals for Indian applicants rise to 8%, complicating international recruitment for universities

    The refusal rate for student visas in the UK for Indian applicants has surged to eight percent, sparking worry among universities that heavily depend on international students from higher-risk backgrounds. Many institutions are now reevaluating their recruitment strategies variously as they face application backlogs resulting in increased refusals. While some universities have halted recruitment from certain nations, others are reshaping their approaches to continue attracting foreign students.

    UK study visa refusals impact university offers for foreign students: Report

    British universities are changing their approach to international admissions following new regulations from the UK Home Office. With the visa rejection threshold lowered from 10% to 5%, schools are proactively rescinding offers, especially for candidates from countries such as Pakistan and Nigeria where rejections are rising sharply. This shift signifies a trend towards prioritizing applicants from regions with a history of lower refusal rates to mitigate compliance issues.

    No Fitch, Moody's or S&P, please: The Big 3 face a new challenge

    The African Union established the Africa Credit Rating Agency to provide better assessments for African economies. This initiative aims to address global rating agencies' perceived biases and shortcomings. Credit ratings for African nations currently suffer from a significant information gap compared to other regions. The new agency could enhance local capital markets by focusing on domestic debt markets and investments.

    At least 48 dead in Nigeria after consuming drink suspected to contain methanol, authorities say

    At least 48people have died in southern Nigeria after consuming a local alcoholic drink. Around one hundred others are receiving medical treatment for suspected methanol poisoning. Officials reported the incident occurred in Odigbo and Irele local government areas. Police have arrested fifteen individuals in connection with the deadly concoction. Investigations are ongoing into the production of the unsafe drink.

    Africa's richest man's first business was selling sweets at school, now Aliko Dangote is wealthier than China's Jack Ma and Amazon co-founder MacKenzie Scott

    Africa's richest man, Aliko Dangote, saw his net worth significantly increase after the Dangote Refinery IPO. The massive oil facility is now available to investors on the Nigerian Exchange. This offering aims to raise approximately 2.15 trillion Naira for the refinery. The refinery's equity is valued at around 63 trillion Naira, or $47.6 billion. Future plans include expanding production capacity to 1.4 million barrels daily by 2029.

    PM Modi holds bilateral meeting with Nigeria Vice President Kashim Shettima on BRICS sidelines

    Prime Minister Narendra Modi met Nigeria Vice President Kashim Shettima during the BRICS Summit. External Affairs Minister S Jaishankar also discussed cooperation with Nigeria's Foreign Minister. Nigeria holds BRICS Partner Country status and seeks stronger bilateral ties. India's economic presence and trade partnerships in Nigeria are significant. The summit focused on resilience, innovation, cooperation, and sustainability for global growth.

    The Economic Times
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