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Nigerian Students, Others Can Now Stay Back and Work in the UK



The United Kingdom on Monday announced that Nigerians and other international students who want to work in England following successful completion of a UK degree or an eligible professional qualification, can now do so.

According to the British government, the graduates could look for work after their studies for a maximum period of 24 months and 36 months for PhD students.

This, the British High Commission said will allow the UK to retain the brightest and the best students to continue to contribute to the UK post-study.

It stated, “Today, the UK government has confirmed the new Graduate route will open for applications on 1 July 2021, to international students who successfully complete a degree at undergraduate level or above in the UK. International students on the Graduate route will be able to work or look for work after their studies for a maximum period of two years (three years for PhD students). This will allow the UK to retain the brightest and the best students to continue to contribute to the UK post-study.

The British High Commission also stated that students affected by COVID-19 – those that were unable to travel to the UK due to the pandemic, have been given extension.

It said applicants who began their studies in autumn 2020 will have to have been in the UK by June 21 (updated from 6 April 2021) to be eligible to apply to the Graduate route, adding that students who began their studies in January or February 2021 will need to be in the UK by September 27.

“The Graduate route will be unsponsored, meaning applicants will not need a job offer to apply for the route. There will be no minimum salary requirements nor caps on numbers – Graduates on the route will be able to work flexibly, switch jobs and develop their career as required.

“To be eligible, international students must have completed a UK degree at bachelor’s degree-level or above, or an eligible professional qualification at a higher education provider, with a track record of compliance with the UK Government’s immigration requirements,” the statement noted.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

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The Minister of Finance Nicolas Kazadi Urges The Operators Of The Mining Sector To Work For The Development Of The DRC



The Minister of Finance, Nicolas Kazadi, urges the operators of the mining sector to work for the development of the DRC. It is the first time that the Finance Minister has exchanged with some of the primary contributors of revenue to the national treasury.

During this meeting, Nicolas Kazadi announced the creation of an investment fund for the diversification of the Congolese economy. This initiative is being developed to contribute to mechanisms of stabilization for the economy and especially open the process of perennial development, an essential goal for His Excellency President Félix Antoine Tshisekedi Tshilombo.

According to the Minister of Finance, the mining sector remains a vital component of the Congolese economy. The mining code was designed to attract foreign investors and the rapid rise of this sector has allowed the state to maximize revenues despite the structural problems that remain.

The Inspector-General of Finance, Mr. Jules Alingete, was equally present in this session. He urged the mining operators to comply with legal provisions, such as the payment of VAT, and the repatriation of export revenues which the Finance Minister requested during the meeting. Jules Alingete also insisted on the importance of restoring order so as to increase public revenues and special attention was brought to the more rational use of mining resources in order to stimulate the development of local communities.

In addition to the legal and fiscal debate for effective management of the mines for future generations, a proposal was brought forward to strengthen this dialogue by holding regular meetings under the leadership of the Ministry of Finance to examine the different issues thoroughly. This proposal made by Louis Watum, the President of the Chamber of Mines, was immediately adopted to mend the atmosphere of mistrust that was previously apparent between the Congolese government and operators in the mining sector.

Another subject of lively debate is customs disputes. For some mining operators, this issue is simply a matter of optical illusion, with customs officials often presenting unfounded figures to the Congolese State. To ease the tension, the Minister of Finance, Nicolas Kazadi, reminded his audience of the necessity of forming an arbitration commission, as stated in the customs code, to clear up any misunderstandings.

Though it possesses several deposits of various minerals (including copper, cobalt, gold, and diamonds), the DRC only exploits a dozen of these deposits. This is why the Minister of Finance, Nicolas Kazadi, is working on setting up a hotline to regularly record the opinions of all parties on the various solutions to tackle the challenges faced by the mining sector.

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Sport Business

PUMA Terminates 4 Year Contract Worth $2.7M With Athletics Federation Of Nigeria




Puma, the sportswear manufacturing giant, on Wednesday, August 4, 2021, officially terminated its sponsorship contract with the Athletics Federation of Nigeria (AFN).

This development comes amidst embezzlement allegations trailing some officials of the sports body.

The German company disclosed this in a statement addressed to the Athletics Federation of Nigeria.

“We are referring to the Sponsoring & Licensing Agreement (the “Agreement”) signed between our Company and your Federation.

“As a direct consequence of the recent developments, particularly at the Tokyo Olympic Games 2020, and pursuant to Clauses 9.2 and 7.3 of the Agreement, we hereby terminate the Agreement with immediate effect,” Peoples Gazatte quoted the statement to have read in part.

“PUMA especially declares to be discharged from any or all obligations towards all stakeholders involved and reserves all rights against these entities and individuals”.

The cancellation follows the embarrassing scandal that has pitched the AFN officials against Nigeria’s ministry of Youth and Sports due to the $2.7 million kits sponsorship.

The Athletics Federation of Nigeria under the leadership of Engr Ibrahim Gusau signed a 4-year contract with PUMA in 2019 and was due to expire in 2022.

Part of the contract is that PUMA will supply kits to all age categories to Nigeria’s Athletics team for four years at no cost.

In addition, gold medalists at the Olympic Games will earn $15,000, silver medalists will get 5,000 while a bronze medal gets $3,000, and also will fetch athletes wearing the PUMA apparel at the games. This means Ese Brume would have gotten an additional $3000 for winning bronze wearing PUMA kit if the deal was still on.

The termination of the deal comes amidst an alleged leadership tussle between the Ibrahim Gusau-led AFN board and that headed by the Minister for Youths and Sports, Sunday Dare.

The minister is said to have vowed that the Nigerian Athletes will not wear the PUMA kits, stating that the contract is “a subject of a criminal investigation”.

Last year, the Department of State Services cleared Gusau and his vice president Sunday Adeleye over corruption allegations leveled against him by the sports ministry.

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Pensioners in Peaceful Protest Demands Implementation of Unpaid 15% Increment by PenCom



pension funds

Nigeria’s pensioners under the Contributory Pension Scheme (CPS) have appealed to the National Pension Commission (PenCom) to implement their 15 and 33 percent pension increment and other benefits.

The Contributory Pensioners Union of Nigeria (CPUN), South-West Zone, made the appeal on Tuesday during a peaceful protest held in Ibadan.

The CPUN President, Mr Joseph Idowu, while addressing newsmen said that PenCom has yet to implement the increment since 2007 and 2010 in spite of various promises.

Idowu said that their counterparts, under the Defined Benefit Scheme (DBS), had been enjoying the increment through the proactive stand of the Pension Transitional Arrangement Directorate (PTAD).

“The new consequential adjustment in pension due to the latest increase in workers’ salaries and wages are also being enjoyed by pensioners under DBS, neglecting the CPS pensioners.

“No CPS pensioners have received any interest on their accrued benefits since 2007 till date.

“We require your urgent attention to ensure that arrears on this are calculated and paid at the Federal Government official rate, as at the time of retirement,” Idowu said.

The president said that his members were suffering as some of them collect as low as N3, 000 as their monthly pension which was not accepted.

Idowu, also said that his members were not happy with the delay in the payment of their retirement benefits, which the commission now paid after one year of retirement, contrary to PRA Act 2004 (Amended).

He said that Section 16 (5) of the PRA Act 2004 says pensioners should be paid not more than three months after retirement.

Idowu, however, commended the commission for prompt payment of their monthly pension, urging them to prioritize the welfare of pensioners under the CPS.

Also, a member of the union, Mrs Clara Fumilayo, called on the Federal Government to assist the pensioners,

Fumilayo said that their monthly pension could no more buy any tangible things based on the situation in the country.

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