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In a filing on March 12, the SEC said it needed "a longer period" to consider the proposal. The SEC initially accepted Grayscale's application in January, starting a 45-day review process that can be extended up to 240 days.
The next deadline for a response is May 21, but a final ruling could take until mid-October.
As Grayscale waits for a decision, Franklin Templeton has joined the race for an XRP ETF by submitting its own proposal with the SEC. Franklin XRP ETF seeks to provide exposure to XRP's spot price, with the assets custodied by Coinbase Custody.
Shares for the XRP ETF would trade on the Cboe BZX Exchange after being created and redeemed using cash converted into XRP via a third party. Importantly, investors would not have access to XRP Ledger forks or airdrops.
Franklin Templeton's filing is the latest addition to the growing list of asset managers seeking approval for an XRP ETF, following Bitwise, 21Shares, Canary Capital, WisdomTree, and CoinShares. The SEC has 240 days to evaluate the application and make a decision.
However, analyst Eric Balchunas is not keeping high hopes from the SEC. He posted on X, "This is the 64th alt/meme coin ETF filing that is now awaiting approval, by the way."
The ETF filing process involves both an asset manager and an exchange working together. First, the asset manager (like Franklin Templeton or Grayscale) submits an S-1 (or S-3) registration statement to the SEC, detailing how the ETF will function. At the same time, the exchange (like Cboe BZX or Nasdaq) files a 19b-4 rule change proposal to list and trade the ETF. The SEC then has 45 days to review the exchange’s filing, with the option to extend the deadline up to 240 days for further evaluation before making a final decision.
At press time, XRP trades at $2.20, up by 3.52% in the last day.
[The Street]
Bolivia's state energy firm YPFB will use cryptocurrency to pay for energy imports amid a painful shortage of dollars and fuel in the landlocked South American nation, a company spokesperson and a government official told Reuters on Wednesday.
The country is battling a dangerous slide in foreign currency reserves afters years of dwindling exports of natural gas, which has sparked off a fuel crisis in the country with regular long lines at gas stations and scattered protests.
A spokesperson for state-run energy firm YPFB told Reuters that a system had been put in place to use cryptocurrency to purchase fuel imports after a government approval to use digital assets to help meet demand.
"From now on, these (cryptocurrency) transactions will be carried out," the spokesperson said, adding that the new purchasing system was designed to help support national fuel subsidies in Bolivia amid a shortage of hard currency.
A government spokesperson said that YPFB had not yet made use of digital currency to purchase energy imports, but that it was planned to do so.
Bolivia, for decades a net energy exporter due its large reserves of gas, has become reliant on imports as domestic gas production has dwindled amid a lack of major new finds.
[Reuters]
Bitcoin jumped past $83,900 after new Consumer Price Index (CPI) data revealed inflation rising less than forecasted, easing fears of aggressive Federal Reserve rate hikes and fueling risk appetite in both crypto and traditional markets.
The February CPI report showed a 0.2% monthly increase, below the 0.3% forecast, while year-over-year inflation slowed to 2.8% versus expectations of 2.9%, according to the Bureau of Labor Statistics. Core CPI, which excludes volatile food and energy prices, rose 3.1% year-over-year, also softer than expectations.
Following the report, Bitcoin surged more than 3%, with Ethereum climbing to $1,938, while altcoins like Solana (SOL) and XRP posted 5% gains. Stocks also reacted positively — Dow Jones Industrial Average futures rose 223 points, while the S&P 500 and Nasdaq 100 advanced 0.8% and 0.9%, respectively.
Market sentiment had been shaky in recent weeks as inflation concerns clashed with trade policy uncertainty following President Donald Trump’s 25% tariffs on steel and aluminum imports. However, the lower-than-expected CPI print revived investor confidence, with traders now pricing in a higher probability of Federal Reserve rate cuts in the coming months.
Thursday’s Producer Price Index (PPI) data could further shape inflation expectations. If wholesale prices also show a cooling trend, markets may rally further in anticipation of monetary policy relief.
In the past 24 hours, a total of 116,409 traders were liquidated, with total liquidations amounting to $427.96 million, according to CoinGlass.
The largest single liquidation order occurred on HTX, where a BTC-USDT trade worth $60 million was wiped out.
After posting losses earlier this week, crypto stocks are finally rebounding in pre-market trading following softer-than-expected CPI inflation data. The largest corporate holder of Bitcoin, MicroStrategy (MSTR) climbed 2.46% to $267.00, while crypto exchanges Coinbase (COIN) gained 2.46% to $196.40 and Robinhood (HOOD) led the recovery, surging 6.30% to $38.65. Bitcoin mining company MARA Holdings (MARA) remained flat at $13.32. The bounce-back in crypto-linked stocks follows renewed investor optimism, with risk assets rallying across both crypto and traditional markets.
[TheStreet]
It's been a long, strange year for Bitcoin (CRYPTO: BTC) -- and it's only March. The year started off with a lot of fanfare, with the cryptocurrency hitting a new all-time high of $109,000 on Jan. 20. But it soon fell below $100,000. Then $90,000. And recently, it was below $80,000 briefly, before bouncing back just a bit.
But it's no time to panic. In fact, it might be time to buy the dip, and here's why.
The Strategic Bitcoin Reserve to the rescue?
The potential big catalyst for Bitcoin, of course, is the recent announcement of a Strategic Bitcoin Reserve. With an executive order from President Trump, the U.S. government has now moved to consolidate its holdings of Bitcoin. It will no longer be selling. That's a big move, given that the U.S. currently holds approximately 200,000 bitcoins.
But the Strategic Bitcoin Reserve is underwhelming in many respects. It does not directly commit the U.S. government to buying it, which was what the whole idea of the reserve was supposed to be. As originally planned, the U.S. government was supposed to buy 200,000 bitcoins per year for the next five years, giving it a very substantial hoard at the end of that time period.
So it's understandable that many crypto investors are disappointed about the Strategic Bitcoin Reserve. After briefly spiking higher on the news, the digital coin began to sell off.
Adding insult to injury, The Wall Street Journal editorial board called the reserve "fool's gold." That was particularly stinging, given that Bitcoin has typically been referred to as "digital gold."
From my perspective, the U.S. government is going to find a budget-neutral way (i.e., no taxpayer funds used) to buy new tokens, even if it means using some creative accounting moves. One methodology, according to Bloomberg, calls for the government to revalue its current gold holdings. Doing so could give it new leeway to buy Bitcoin. Others have suggested that any DOGE cost savings could be used to load up on Bitcoin.
The downside of being a mainstream asset
For much of its history, Bitcoin was largely uncorrelated with any other asset. That was part of its appeal: It could zig when other assets zagged. And it meant that Bitcoin could continue to go up, regardless of the overall economy. This made it a very special type of asset.
But something very important happened in January of last year. That was when the new spot Bitcoin exchange-traded funds (ETFs) were launched, immediately making buying it as easy as buying a tech stock.
The product launch was wildly successful, and over $100 billion has flowed into these spot Bitcoin ETFs. Some of the biggest buyers were hedge funds, Wall Street investment banks, and investment management firms.
But there is a downside from going mainstream. It also makes the crypto much more susceptible to the daily ebbs and flows of macroeconomic news. The same people deciding which stocks to buy are also deciding which cryptos to buy. If there's news about tariffs, for example, that's going to affect Bitcoin. If there's news about a potential recession, then that is going to do the same.
The one factor that I'm watching right now is how much money is flowing into (and out of) the spot Bitcoin ETFs. These figures are reported by CoinShares every week and are easy to track.
If there are significant outflows, it's a pretty good bet that the crypto's price is going to have a hard time moving upward. And, conversely, if there are significant inflows, it suggests that Bitcoin will rebound soon. Right now, there have been four straight weeks of outflows, so things need to turn around fast.
Where will Bitcoin be at the end of 2025?
Some investors continue to cling to overly optimistic price estimates, confident that catalysts such as the Strategic Bitcoin Reserve are going to send the digital coin to the moon. They are fully expecting it to hit $150,000, and maybe even $200,000 this year. After all, it delivered triple-digit returns in 2023 and 2024 against a backdrop of economic weakness, so why not in 2025 as well?
The only problem is that the likelihood of it soaring to new all-time highs continues to decline. Right now, if you look at what online prediction sites are telling us, there is only a 27% chance of Bitcoin hitting $150,000 this year, and only a 17% chance of hitting $200,000.
So, the big takeaway might be this: If you are counting on Bitcoin to deliver triple-digit returns in 2025, you might be disappointed. However, if you take a long-term view, that's when the picture brightens. I still fully expect Bitcoin to soar in value over the next decade, and that's why I am more than willing to buy the dip right now.
[The Motley Fool ]
The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has said Nasir El-Rufai left the All Progressives Congress (APC) for personal ambition.
Naija News reports that Bwala said the former Governor of Kaduna State chose the Social Democratic Party (SDP) over the Peoples Democratic Party (PDP) because he wanted a place where he could exert control.
In an interview with TVC on Wednesday, the presidential spokesman recalled that El-Rufai had said he would not leave the ruling party.
He said, unlike PDP, SDP has no structure and the party’s Chairman, Shehu Gabam, is El-Rufai’s friend whom he could dictate for.
His words: “The reason El-Rufai didn’t go to PDP is because the structure there, he can’t go and dictate things for them. But he told the world that SDP, the chairman, is his friend. So they went there because they want to go and dictate.
“Let me ask you, with the greatest respect, don’t you have records of El-Rufai saying, I will never leave APC till I die? Don’t you have records where he said, there is no political party other than APC? I’m not holding it against him. Because it’s possible he may have said that around the time because of his feeling. The only thing I said, which you gave in your monologue, is that your constitutional right of association is guaranteed. I don’t have anything against that. But your motive must be interrogated.”
THE Peoples Democratic Party, PDP, has urged the Federal High Court sitting in Abuja, to declare vacant the seat currently being occupied by the Senator representing the people of Delta North Senatorial District, Sen. Ned Munir Nwoko over his recent defection to the All Progressive Congress, APC.
The PDP in Suit No:FHC/ABJ/CS/454/2025, through it’s Counsel, Dr. Ayo Asala SAN prayed the court to immediately order the Independent National Electoral Commission, INEC to conduct a bye-election to fill the vacant position.
The originating summons dated 27th February, 2025 had the PDP as Plaintiff with Sen. Ned Nwoko, the President of the Senate of the Federal Republic of Nigeria, and the Independent National Electoral Commission before the Court as 1st, 2nd, and 3rd Defendants respectively.
PDP also prayed the Court to direct Sen. Ned Munir Nwoko to return all salaries, allowances and other emoluments received by him as a Senator representing the Delta North Senatorial District in the National Assembly from the date he defected from the PDP to the All Progressives Congress (APC).
In the originating summons, PDP is asking the following questions amongst others;
“Whether or Not, having regard to the clear an unambiguous provisions of Section 68(1)(g) of the Constitution of the Federal Republic of Nigeria,1999(As Amended), the 1st Defendant herein,who was elected under the the platform of the plaintiff herein, namely, the People’s Democratic Party, PDP representing Delta North Senatorial District in the Senate of the Federal Republic of Nigeria(3rd Defendant) and who has now defected to another political party to wit, the All Progressives Congress,(APC) ought not to have vacated his seat as a senator representing Delta North Senatorial District in the National Assembly?
“Whether or Not, having regard to the clear and unambiguous provisions of Section 68(1)(g) of the Constitution of the Federal Republic of Nigeria,1999(As Amended),the 2nd and 3rd Defendants ought to have declared the seat of the 1st Defendant as a senator representing Delta North Senatorial District in the National Assembly vacant, the 1st Defendant having defected to another political party,to wit, the All Progressives Congress (APC) from the plaintiff being the political party that sponsored him for election into the Delta North Senatorial District in the National Assembly.
“Upon the construction/determination of the forgoing questions in favour of the plaintiff, the plaintiff seeks the following reliefs;
“A declaration that the 1st Defendant, having defected from the plaintiff being the political party(People’s Democratic Party) that sponsored him and on whose platform he was elected as a Senator representing the Delta North Senatorial District in the National Assembly to another political party which is the All Progressives Congress (APC), ought to have vacated his seat in the said National Assembly with immediate effect by virtue of Section 68(1)(g) of the Constitution of the Federal Republic of Nigeria,1999(As Amended).
“A declaration that the 2nd and 3rd Defendants are under constitution and legal duties by virtue of Section 68(1)(g) of the constitution of the Federal Republic of Nigeria,1999(As Amended) to declare the seat of the 1st Defendant as a Senator representing Delta North Senatorial District in the National Assembly vacant , the 1st Defendant, having defected from the plaintiff being the political party that sponsored him and on whose platform he was elected as a Senator representing Delta North Senatorial District in the National Assembly to another political party,being the All Progressives Congress (APC).
“An order declaring vacant the seat of Senator representing Delta North Senatorial District in the National Assembly currently occupied by the 1st Defendant and directing the 1st Defendant to with immediate effect, vacate the said seat by Virtue of Section 68(1)(g) of the Constitution of the Federal Republic of Nigeria,1999(As Amended). The 1st Defendant having defected from the plaintiff being the Political party(People’s Democratic Party)that sponsored him and on whose platform he was elected as a Senator representing the Delta North Senatorial District in the National Assembly to another political party namely, the All Progressives Congress (APC).
“An order of this Honourable Court directing the 1st Defendant to immediately vacate his seat as a Senator representing the Delta North Senatorial District in the National Assembly,having defected from the plaintiff being the political party that sponsored him as a Senator representing the Delta North Senatorial District in the National Assembly to another political party to wit, All Progressives Congress (APC).
“An order of this Honourable Court directing the 4th Defendant to immediately conduct a by-election to fill the vacant seat of the Senator representing Delta North Senatorial District in the Senate of the Federal Republic of Nigeria upon declaring the seat vacant.
“An order this Honourable Court to directing the 1st Defendant to return all salaries, allowances and other emoluments received by him as a Senator representing the Delta North Senatorial District in the National Assembly from the date he defected from the plaintiff to another political party to wit,the All Progressives Congress (APC).” It added.
Twenty-seven lawmakers loyal to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, barred Rivers State Governor Siminalayi Fubara from accessing the State House of Assembly on Wednesday morning, preventing him from presenting the 2025 budget.
Reports indicate that Governor Fubara had arrived at the Assembly early in the day to implement a key provision of the Certified True Copy (CTC) of the Supreme Court judgment—the presentation of the 2025 budget to a properly constituted State Assembly.
However, Assembly staff, speaking anonymously, claimed there was no formal communication regarding the Governor’s visit.
“I am not aware that the Governor was scheduled to be at the Assembly today (Wednesday). If such information existed, the Rt. Hon. Speaker would have informed us. As of now, we have no knowledge of his visit,” a source stated.
However, Fubara said he communicated his coming to Speaker Martins Amaewhule through a letter and has tried to call him on the phone since Tuesday.
Meanwhile, Fubara has reaffirmed his commitment to fully implementing the recent Supreme Court judgment, emphasizing that his administration will adhere strictly to the ruling.
Fubara made this declaration on Tuesday in Port Harcourt during the inauguration of the New Judges’ Quarters, built by his administration in the Old GRA area of the state capital.
The governor stressed that no personal ambition or political dispute should supersede the collective peace and stability of Rivers State, stating that no sacrifice is too great for peace.
The governor acknowledged that the past 16 months had been rough for his government, saying that he would leave office one day but that his good work would speak for him.
He said since the crisis started, a lot of money and resources that should have been channelled to the development of the state had been wasted by both sides.
The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has said former presidential candidate of the Labour Party, Peter Obi, will join the ruling All Progressives Congress (APC).
Naija News reports that Bwala said the presidency and the APC were having success in emptying the Labour Party.
In an interview with TVC on Wednesday, the presidential spokesman said the former Labour Party presidential candidate would not run for presidency under the party.
“Do you know we are emptying Labour Party? Not because we go and ask them to come. They are coming. Valentine Ozigbo has joined us. Balami has joined us. Even Peter Obi will join us. I mean, we are successful in this window. Peter Obi will not run in Labour Party. They are all leaving Labour Party,” he said.
Asked why he was sure of Obi’s defection to the ruling party, Bwala explained that the defection of Valentine Ozigbo to the APC signalled the former Anambra governor’s next move.
He added that the defection of opposition political leaders to the Social Democratic Party (SDP) would not work.
According to him, the question of who becomes the presidential candidate and who gets what would affect any coalition movement.
“For Valentine Ozigbo to come to our party. Valentine Ozigbo is actually the custodian of Peter Obi. Right? Then I know for a fact that Peter Obi will join us. Do you know why I said that? It’s after one week or two weeks of these melodramatic activities.
“The way they scheme this thing is that every week you will hear a breaking news. A gladiator has joined SDP so that they will dominate the media space with conversation. And I hope that the media will be smart enough to know that. But that is what they intend to do to keep the conversation in the media. But the thing is, why I said he will join us is, by the time the two weeks is over, and they are able to enjoy this momentarily coverage, when they sit down, they will start fighting. Who will be president? Who will be vice president? Who will determine what?” Bwala added.
The presidency has opined that President Bola Tinubu’s government is unperturbed by the defection of the former Governor of Kaduna State, Nasir El-Rufai, to the Social Democratic Party (SDP).
Naija News reports that El-Rufai has officially resigned from the All Progressives Congress (APC) and joined the SDP, citing irreconcilable differences with the ruling party’s leadership.
In an interview with TVC on Wednesday, March 12, 2025, the Special Adviser to the President on Policy Communication, Daniel Bwala, stated that El-Rufai’s decision is not based on any ideology but ambition.
According to him, El-Rufai’s exit from the APC and his threat to unseat President Tinubu is inconsequential, stressing that his principal remains focused on governance with improved security and driving down food prices.
He said, “We are not perturbed by El-Rufai’s defection; before now we have engaged him if he could reconsider his decision because his decision is not built on any ideology we all known. El-Rufai admitted it himself, and his grievance is because he was not appointed a minister. His decision is not ideology-driven but ambition-driven. We are hearing of different permutations, some say he would pair with Osinbajo.
“Nasir El-Rufai’s exit from the APC and his threats to unseat President Tinubu, which I consider inconsequential. The President remains focused on governance, with improved security driving down food prices. Unlike in the past, private interests no longer exploit the system at Nigerians’ expense—we’re building a sustainable economy through due process and accountability.
“Just to buttress that El-Rufai’s exit lacks ideological basis, and APC remains strong, attracting even opposition figures. Nigerians should keep faith with Mr. President—his reforms are yielding results, and better days lie ahead.”
Social media content creator Ifeluv has announced the end of her relationship with her fiancé and baby daddy, Oluwadolarz.
The breakup comes just four months after Oluwadolarz proposed to Ifeluv.
In a post shared on her Instagram page Tuesday evening, Ifeluv accused the singer of infidelity and financial irresponsibility, claiming he failed to fulfill his promises after their engagement.
In the lengthy statement now deleted, she said: “I left him the first time because of cheating. He spent two years trying to convince me that he had changed.
“Meanwhile, I have been taking 85 per cent responsibility for our child because he is broke most of the time. Just living a fake life and chasing anything in a skirt. He absolutely has nothing to his name. If you give him an advert deal, he won’t deliver.
“Brands keep threatening him, and every time he sees me achieving something, he starts crying because he hates it. But guess what? I make my own money.
“I rarely even visit him. He even embarrassed me online with a public apology, and I let it slide, accepting his proposal—only to go pick up my son at his place and find his actress, Lola, hiding in the bathroom. And this guy looked me dead in the eye and said nothing was going on! This man was my absolute first. But now? It’s over.”
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The Chairman of Canadian Senate Committee on Human Rights, Salma Ataullahjan, has demanded justice for Senator Natasha Akpoti-Uduaghan over alleged sexual harassment.
Naija News reported that the Kogi Central Senator, on Tuesday, reported the Nigerian Senate and its President, Godswill Akpabio, to the United Nations’ Inter-Parliamentary Union (IPU).
Senator Natasha stated that the Senate suspended her for six months because she complained of alleged sexual harassment against Akpabio.
“I was suspended illegally because I submitted a petition of sexual harassment against the president of the Nigerian Senate, Senator Godswill Akpabio.
“I thought that by submitting the petition, he would recuse himself and both of us will submit ourselves to the Committee on Ethics, Privileges and Public Petition for a fair and transparent investigation. Unfortunately, I was silenced and I was suspended,” she said.
Recall that the Senate explained that the Kogi Central Senator was suspended for violating Senate Standing Rule and misconduct.
On her ? handle on Wednesday, the Canadian Senate’s Chairman on Human Rights lauded Natasha for speaking out.
“Stay strong, Natasha Akpoti. Your bravery for speaking out against sexual harassment is a powerful reminder that we must all continue to fight for a safer, more respectful world for everyone,” she wrote.
A Federal Character Commissioner from Oyo State, Adeniyi Olowofela, has stated that the defection of former Kaduna State Governor, Nasir El-Rufai, from the All Progressives Congress will not hinder President Bola Tinubu’s re-election bid.
Speaking during a telephone interview with Noble FM in Ibadan, Olwofela described El-Rufai’s defection to the Social Democratic Party (SDP) as political suicide.
He argued that Tinubu holds the most powerful seat in Nigeria, and this, combined with the country’s political culture, will make it difficult to wrestle power from the president.
He said, “Bola Ige once said the most powerful person in Nigeria is the President. As a result, it is difficult to unseat Tinubu. His policies will yield positive results by the time the 2027 election approaches. What we are witnessing now is the natural interplay of demand and supply, which is beyond the government’s control.”
He dismissed claims of divisions within the APC, asserting that Tinubu has consolidated power within the party. “Contrary to what people are saying about APC being divided, it originated from the ACN and CPC. Tinubu has united all factions. The supposed divisions are mere political distractions,” he said.
Addressing speculation about the roles of former APC leaders such as Rauf Aregbesola and Kayode Fayemi, Olowofela maintained that they were merely Tinubu’s political foot soldiers. He also ruled out the possibility of opposition figures like Peter Obi and Atiku Abubakar forming a successful alliance with El-Rufai, as they would not join a party where they cannot secure a presidential ticket.
“Tinubu’s second term is in the North’s best interest. Many assume Northerners act as a single political bloc, but this is a misconception. Atiku and Rabiu Kwankwaso, for instance, will not align with a party that doesn’t guarantee them a presidential ticket,” he explained, predicting that Tinubu will secure victory in over 18 states in 2027.
Olowofela also criticized El-Rufai’s leadership in Kaduna, labeling him a religious extremist who alienated Christians. He suggested that this may play a role in the rejection of El-Rufai’s ministerial nomination.
Veteran Journalist and Presenter, Reuben Abati said on Tuesday that leadership in Nigeria must evolve to address the complex challenges of the 21st century.
Speaking at Baze University’s Founders Day celebration in Abuja, Mr Abati noted that Nigeria’s governance challenges have changed with digital transformation and so must governance.
Mr Abati, the keynote speaker at the event, spoke on the topic: “Leadership in a Disruptive Era: Ethics, Accountability, and the Future of Governance in Nigeria”.
He noted that the digital transformation despite its pros has also introduced challenges such as misinformation, cyber-attacks and data breaches.
He explained that governance must also evolve with the transformations in the digital era.
“In a disruptive era, leadership transcends traditional authority and requires a proactive, visionary, and ethical approach,” he said.
“Navigating governance in a disruptive era demands leaders who are ethical, accountable, and forward-thinking.
“Given Nigeria’s history of political instability, economic volatility, and social unrest, adaptive leadership is essential for ensuring resilience in governance.”
He said leadership today requires leaders who can address political instability, economic fluctuations, security threats, and technological disruptions through ethical decision-making and strategic governance.
Mr Abati noted that a successful government must build public trust which he said can be done through accountability and ensuring sustainable national development.
“The future of governance depends on the ability of leaders to rise above personal interest and prioritise collective good,” he said.
Institutional reforms
Mr Abati explained that ethical lapses in governance like corruption, nepotism and abuse of power are undermining national development.
He said institutional reforms are essential to build strong institutions for sustainable governance.
He listed the reforms to include the strengthening of independence for anti-graft agencies such as the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other Related Offences Commission.
“Weak institutions have historically hindered Nigeria’s development, allowing corruption and inefficiency to thrive,” he said.
He also said policy makers must embrace evidence-based decision-making and continuity of policies to ensure developmental programmes are not abandoned due to political transitions.
“Policy frameworks should be aligned with long-term national development goals, while legislative processes must incorporate public participation to ensure that governance reflects the needs of citizens,” he said.
Founder’s Day Significance
Earlier in her welcome address, the university’s Vice-Chancellor, Jamila Shu’ara, a professor, said the event was to celebrate the vision of the founder of the institution, Yusuf Baba-Ahmed.
Ms Shu’ara said “Founder’s Day is a time to reflect on our journey, which is firmly rooted in a commitment to academic excellence, innovation, and community service.”
She noted that the institution commenced operations in March 2011, with 17 students in three faculties —Business Studies, Computing and Information Technology and Law.
Today, she said the institution has nine faculties, 102 academic programmes approved by the National Universities Commission (NUC), over 6,000 students and 911 members of staff.
The faculties are Management and Social Sciences, Law, Engineering, Environmental Sciences, Computing and Information Technology, Allied and Health Sciences, Basic Medical Sciences, Basic Clinical Sciences, and Clinical Sciences.
Ms Shu’ara added that the university has produced 3,300 undergraduate students and 668 post graduate students.
“As we celebrate our robust growth, we are grateful to God, and we pay tribute to our Founder’s unwavering belief in the power of education to change lives and communities,” she said.
Speaking, the Founder and Chancellor of the university, Yusuf Baba-Ahmed, emphasised the institution’s founding principles.
He said the university, which he founded 14 years ago, is based on the vision that “education is the most powerful tool for national transformation.”
“Today, we celebrate this institution’s remarkable journey, a journey marked by relentless dedication to knowledge, cutting-edge research, and character-driven leadership,” he said.
He said the university has consistently demonstrated a commitment to shaping minds, nurturing talents, and producing graduates ready to impact society.
[premiumtimesng]
The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, has said the government policies to revitalize the economy have been yielding positive returns.
Naija News reports that Edun stated this on Tuesday when he paid a courtesy visit to the First Lady, Oluremi Tinubu.
Edun, along with his team, visited the First Lady’s office to inform her about the forthcoming 32nd Annual General Meeting of the African Export-Import Bank (AFREXIM Bank), which will be held between June 23rd and 27th this year.
Mrs. Tinubu expressed readiness in hosting the spouses of Heads of Governments of African and other Countries who would be attending the meeting, noting that it would be another opportunity to showcase the best of Nigeria.
“This is one of the ways that God has just been blessing us in this administration with the quality of the people that are running the affairs of the country.
“Therefore, I thank the Minister for approaching us with the forthcoming AGM meeting of the AFRIMEX Bank. Meanwhile, ours is very easy being the wife of Mr President, I am supposed to be the Chief Hostess and to ensure that we take care of things,” she said.
The Minister, in his remarks, reaffirmed the government’s commitment to stabilising the nation’s economy with manufacturing and export becoming more competitive with others globally.
He emphasised Nigeria’s strong partnership with AFREXIM Bank and its commitment to fostering trade and economic growth for Africa and beyond.
“What we refer to was the competitiveness of the Nigerian economy, bold and courageous under the leadership of President Bola Tinubu over the last 20 months, the AFREXIM Bank has been reformed, it has been changed and it has been improved.
“We have a situation now where we have inflation stabilizing, food prices crashing down, petroleum prices coming down amongst other improvements in the economy.
“While we still have relatively high inflation, there is focus on helping people with their cost of living, and those reductions in major prices that affect the land, particularly encouraging and heartwarming for Mr President,” he stated.
Edun, who specifically talked about the reduction in inflation, added that this would be stabilised to the minimal level as time goes on with policies that would favour the indigenous manufacturers to be able to compete with others globally being put in place.
The 32nd AFREXIM Bank Annual General Meeting has as its theme, ‘Building the Future on Decades of Resilience’ and would be held in Abuja.