Business

Just In: NUC bans ‘Dr’ prefix for honorary degree holders

Published

5 months ago

May 6, 2026

BY JAMES UDOH—The National Universities Commission (NUC) has introduced fresh regulations governing how honorary degrees are granted in Nigerian universities, including a prohibition on awardees adopting the “Dr.” prefix.

According to the commission, this step is intended to address the excessive and careless distribution of such honors while safeguarding the credibility of academic titles. Under the updated policy, only institutions that have successfully produced their first batch of PhD graduates are permitted to award honorary degrees.

The NUC clarified that individuals who receive honorary doctorates are not allowed to place “Dr.” before their names. Instead, they should indicate the honor after their names using proper titles, such as Doctor of Science (Honoris Causa) – D.Sc (H.C). It emphasized that the “Dr.” designation is reserved exclusively for those who have earned doctoral qualifications or are certified medical practitioners.

Additionally, the new directives forbid any monetary demands or expectations from recipients, stressing that such honors must be granted purely on merit and without cost.

To ensure stricter oversight, universities are now restricted to awarding no more than three honorary degrees during each convocation ceremony.

The post Just In: NUC bans ‘Dr’ prefix for honorary degree holders appeared first on Business Today NG.

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Business

Lagos Police Arrest 4 Suspected Cultists in Lekki-Ajah, Recover Locally Made Gun

Published

2 hours ago

October 14, 2026

PlateauReports

BY SUNDAY SAMUEL—As part of the Command’s sustained efforts to combat cultism and other criminal activities across Lagos State, the Command has arrested four suspected cultists allegedly terrorizing the Lekki, Ajah, Elemoro axis and its environs, following credible and actionable intelligence received by operatives of the Command between 2nd and 9th October 2026.

The suspects, identified as Arisekola Ojo, ‘m’, 32 years; Oluwatobi Oyewole, ‘m’ 29 years; Oluwaseyi Odunewu, ‘m’ 32 years; and Olumagba Ifatope, ‘m’ 29 years; were arrested over their alleged involvement in conspiracy and membership of an unlawful society. During investigation, their confession led to the recovery of one locally made cut-to-size gun during a search conducted at the residence of Oluwaseyi.
The suspects have made useful statements, while investigation is ongoing to apprehend other individuals linked to the crimes and recover additional firearms.

The Commissioner of Police, Lagos State Command, CP Tijani Fatai, psc, mnips, has reiterated the Command’s commitment to dismantling cult groups and other criminal networks across the State. He warned individuals involved in cultism and other criminal activities to desist or face the full wrath of the law. While urging residents to continue providing credible and timely information to the Police to enhance security in their communities.

The Command Emergency Lines are:
07061019374
08065154338
08063299264
08039344870
08080193432 (Marine)
09168630929

The post Lagos Police Arrest 4 Suspected Cultists in Lekki-Ajah, Recover Locally Made Gun appeared first on Business Today NG.

Business

NNPC’s profit after tax rises to N431bn in August

Published

10 hours ago

October 13, 2026

PlateauReports

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it recorded a 54.5 per cent increase in Profit After Tax (PAT), rising from N279 billion to N431 billion in August 2026.

NNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026.

According to the report, revenue for the period stood at N3.74 trillion as against N3.09 trillion recorded in July.

It said the company also recorded a 19.89 per cent increase in cumulative statutory payments, from N7.91 trillion for January to July, amounting to N9.49 trillion from January to August.

The report puts the average crude oil and gas production figures for the period at 1.69 million barrels per day (bpd) and 7,680 million standard cubic feet per day, respectively.

ALSO READ: NNPC posts ₦535 billion profit, records 1.72 million barrels daily oil output in June

On the state of infrastructure, it said there was 100 per cent availability of upstream pipelines, while the OB3 and Ajaokuta-Kaduna-Kano (AKK) Gas Pipelines stood at 100 per cent and 95 per cent completion, respectively.